Scrap Metal Information
Scrap Metal (HMS 1&2):
The Scrap consists of a mix of millscrap (stampings, cuttings, bars), industrial scrap (nuts, bolts, misc. pieces)auto and truck frames and bodies, railroad scrap (wheels axles, parts of lovomotives and carriages). Ship scrap(fitting, plate, pieces, parts), construction scarp (plate, bars, angle pieces rods, steel pipes) and miscellaneous commercial scarp (appliance castinigs, frames and parts). The scrap will be free from toxic, chemicals, radioactive materials, inflammables, explosives, organic matters originated from animal or plants with danger of epidemic diseases and medical waste. The scrap will also be totally free from, bombs, arms and ammunition, mines shell, cartridges, sealed containers, gas cylinders, explosive shells or explosive material s in any form. The non-metallic imputities will be 1% or less of the total contract quantity.
Please Note the Quality of HMS:
- HMS 1-ISRI Code#200: Heavy Melting steel. wrought iron and /or steel scraps 1/4 inch and over in thickness. Individual pieces not over 60X24 inches (charging box size)prepared in a manner to insure compact charging.
- HMS1-ISRI Code#201: Heavy melting Steel 3 feet X18 inches. Wrought iron and /or steel scrap 1/4 inch over in thickness individual pieces not over 36 inches X18 inches(charging box size prepared in a manner to insure compact charging.
- HMS 1-ISRI Code#202: Heavy Melting Steel 5 feetX18 inches. Wrought iron and or steel scrap 1/4 inch and over in thick ness-individual pieces not over 60 inches X18 inches(charging box size) prepared in a manner to insure compact charging.
SPECIFICATIONS:
HMS 1&2 ISRI standard 200-206
PACKING:
The product will be delivered in bulk cargo.
ORIGIN:
RUSSIA / UKRAINE / CIS COUNTRIES / AFRICA / USA at seller's option
PRICE:
CIF Any Port
PAYMENT TERMS:
Spot: Wire TT transfer for the entire amount of the contract, or Confirmed DLC payable against COMMERCIAL INVOICE ONLY. No deposit is Required.
Yearly: Revolving irrevocable letter of credit payable at sight. (30% cash advance and remaining 70% payable on bill of lading)
DELIVERY TIME:
30-45 days
INSPECTION:
SGS by seller. CIQ and CCIC at seller's expense if required, at the loading port and not to be part of the payment documents. For those customers who insist on POP or other such amendments to the contract we allow such changes if a 10% deposit is placed with the seller.
PROCEDURES:
- LOI with Bank coordinates and permission for Soft probe/ BCL on the buyer's letterhead signed and sealed by the end buyer not the mandate.
- On the bases of these above documents the seller issues final contract.
- Within 72 hours the buyer signs and seals the final contract and sends it back to the seller.
- Issues Operative letter of credit in 5 (five) banking days – as per contract
