EN590 10,50 and above ppm is one of the most important commodities today.
The origin of our EN590 is from Kazakhstan.
We only work on CIF bases on minimum 12 months contracts and we dont work with spot orders.
We only work on SBLC payment Terms.
OUR procedure and terms and conditions after the conference Calls and LOI is provided.
CIF Transaction Procedure:
1. Buyer issues ICPO containing the seller's procedure with banking details and scanned copy of buyer's passport.
2. Seller issues A Draft Contract / Sales and Purchase Agreement for the Buyer's review
3. Buyer within three (3) working days reviews and closes the SPA and returns to the seller.
4. Seller issues the below Documents to Buyer.
Statement of availability of the product.
Product passport issued by our legal department.
5. Parallel upon the sellerâ??s signature on the SPA, the Buyer issues their financial guarantee in the form of an Irrevocable, SBLC to the seller's fiduciary bank within five (3) working days.
6. On confirmation of the SBLC, the seller company releases copies of the following documents to the buyer Company.
Certificate of origin
Charter party agreement.
Product Insurance Certificate
Bill of Lading/Shipping Documents
Commercial Invoice
7. Shipment commences as per contract and upon arrival of the vessel tanker at the discharge port, the buyer conducts SGS or CIQ Inspection
8. Buyer makes the operative payment for the full shipment via T/T Wire or MT103.
Next Generation Recycling Company is certified for Global Recycling Standards which is an international, voluntary, full product standard that sets out requirements for third-party certification of recycled content, chain of custody, social and environmental practices and chemical restrictions. The goal of the GRS is to increase use of recycled materials in products and reduce/eliminate the harm caused by its production.
We mainly supply the following besides the other range of products
All Transparent White
All Transparent Blue
All Transparent White 95/5
All Transparent White Blue Mix
Next Generation Recycling Company is certified for Global Recycling Standards which is an international, voluntary, full product standard that sets out requirements for third-party certification of recycled content, chain of custody, social and environmental practices and chemical restrictions. The goal of the GRS is to increase use of recycled materials in products and reduce/eliminate the harm caused by its production.
We mainly supply the following besides the other range of products
All Transparent White
All Transparent Blue
All Transparent White 95/5
All Transparent White Blue Mix
01. Product : Steel Second Rails
02. Origin : Russian Federation
03. Grade : R50/ R 65
04. Length :1.5 M TO 13 M
05. Buyer Requested Length : -------------------------
06. Product Specification: : R50 GOST 7173.75 WEIGHT 51.67 KG /LENGTH ONE (1) METER,
: R65 GOST 8156.75 WEIGHT 64.72 KG /LENGTH ONE (1) METER
07. Chemical Composition : Carbon (C): 0.54%-0.82%; Silicon (Si): 0.18%-0.40%;
: Manganese (Mn): 0.60%-1.05%; Sulfur(S): 0.04%maximum;
: Phosphorus (P): 0.035% maximum;
: Arsenic (As): 0.01% maximum of mass share;
08. Packing : Shipment in break and bulk
09. Shipping terms : CIF Inco terms
10. Total Order Quantity :1,250,000 Metric Tons
11. First shipment : 50.000 Metric tons
12. Further shipments :1,200,000 (100,000x12)
13. Total Contract Duration :13 Months
14. Rolls and Extensions : Extension to 5 Years with mutual consent of parties
15. Period of contract : October 2021 â?? October 2022
16. Currency : USD (United States Dollars)
17. Unit Price to Buyer : USD 262/= Per Metric ton CIF
18. Seller Commission : USD 8/=Per MT (Seller pays to Buyer Mandates)
19. Net Price to Seller : USD 250 /= Per MT
20. Total order value : USD 327,500,000
21. Month LC Value : Refer Annexure-2
22. Loading Port : Novorossiysk sea Port, Russia
23. Destination Port : ---------(Port) Korea
24. Performance Bond : Seller to provide 2% on Month Shipment Value
25. Inspection : At loading port at Seller Expense by SGS or similar agency
: At SGS/CIQ at Buyer expense at Discharge Port
26. Terms of Delivery :2-3 weeks from the date of Receipt of payment guarantee
27. Financial Guarantee & Payment
a) The Seller requires the Buyer to establish the guarantee acceptable to the Seller which shall comply with
Russian laws on payment by MT700 LC.
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GLOBAL RECYCLING STANDARD CERTIFIED
Next Generation Recycling Company is certified for Global Recycling Standards which is an international, voluntary, full product standard that sets out requirements for third-party certification of recycled content, chain of custody, social and environmental practices and chemical restrictions. The goal of the GRS is to increase use of recycled materials in products and reduce/eliminate the harm caused by its production.
We are manufacturers and mainly supply the following products besides other range
All Transparent White
All Transparent Blue
All Transparent White 95/5
All Transparent White Blue Mix
