Dear Buyer,
We have used rail R50 - R65 for sale. The rails are manufactured in Ukraine and Russia respectively but imported and used in Nigeria. Our incoterms are FOB, CNF, and CIF. Spot or trial deal is not allowed. Our minimum order quantity is 30,000 metric tons ASWP. No sending of pictures by email. Pictures of the commodity to be taken at the yard during inspection by buyer if so desired. However our procedure as stated below:
PROCEDURES:
STEP 1: THE BUYER ISSUES LOI/ICPO TO THE SELLER WITH FULL BANKING COORDINATES.
STEP 2: THE SELLER ISSUES DRAFT CONTRACT AND FCO TO BUYER FOR COMMENTS (IF NECESSARY) AND ACCEPTANCE.
STEP 3: WHEN THE DRAFT CONTRACT IS RECEIVED, THE BUYER RESPONDS WITH A COMPLETED COPY OF THE DRAFT FOR THE SELLER'S EXAMINATION AND APPROVAL. THE BUYER AMMENDS (IF NECESSARY) AND RETURNS THE DRAFT CONTRACT SENT BY SELLER SO THAT ALL AMMENDMENTS ARE NOTED.
STEP 4: THE SELLER IN TURN AMMENDS WHERE NECESSARY THE CONTRACT, SIGNS, SEALS AND ISSUES TO THE BUYER A FINAL CONTRACT. THE BUYER IN TURN SIGNS THE FINAL CONTRACT AND RETURNS IT TO THE SELLER. ANY EMAIL OR FACSIMILE COPY SHALL BE CONSIDERED AS ORIGINAL (IF SENDING BY FAX, CHANGES MUST BE HIGHLIGHTED AND INITIALED BY SIGNATORY). HOWEVER, SELLER PREFERS PHYSICAL PRESENCE OF BUYER FOR SIGNING CONTRACT IF VOLUME OF TRANSACTION IS LARGE ENOUGH.
STEP 5: WITHIN FIVE (5) BANKING DAYS AFTER SIGNING FINAL CONTRACT, THE BUYER OPENS A FINANCIAL INSTRUMENT AND THEN PROVIDES TO THE SELLER THE TEXT OF THE INSTRUMENT FOR APPROVAL AND IF ACCEPTED, THE BUYER FORWARDS IT TO THE SELLER?S BANK ON SELLER'S INSTRUCTION.
STEP 6: WITHIN SEVEN (7) BANKING DAYS AFTER THE RECEIPT ANDCONFIRMATION OF A LETTER OF CREDIT (FINANCIAL INSTRUMENT) ACCEPTABLE TO THE SELLER, THE SELLER WILL IN TURN ISSUE A TWO PERCENT (2%) PERFORMANCE BOND GUARANTEE TO THE VALUE OF THE LETTER OF CREDIT(FINANCIAL INSTRUMENT).
STEP 7: DELIVERY AND SHIPMENT COMMENCE AS PER THE TERMS AND CONDITIONS OF THE CONTRACT AGREEMENT
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