To: END SELLER
September 3, 2020
LETTER OF INTENT
We, Sudamerican Group Argentina , do hereby offer for purchase under full corporate authority
And do hereby confirm that we are ready, willing and able to buy the commodity
Indicated below under the terms, conditions and price.
COMMODITY: USED RAILS R65/R50
SPECIFICATIONS: Standard specs for used rails, cut to 1.2 meters. R65 64.72 kgs p/meter
R50 51.67 kgs/ meter. Cut to 1.20 meters
PACKING: Bundled
ORIGIN: ASWP (NOT SAUDI ARABIA)
QUANTITY: TRIAL 200,000 mts then 250,000 mts x 12
TARGET PRICE; USD$200.00 P/MT
SHIPPING TERMS: CIF
PAYMENT TERMS: IRREVOCABLE, TRANSFERABLE SBLC MT 760 BLOCKED FUNDS. FUNDS
ARE RELEASED AT DISCHARGE PORT AFTER INSPECTION
Page 2 continued FCO
PROCEDURES
• Buyer sends LOI
• Seller issues FCO to Buyer and if they accept they sign and return it
Via email.
Buyer sends ICPO.
• Seller sends Buyer Draft SPA open for amendments (Buyer’s have 5
Days to return this with amendments, signed and stamped to Seller.
• Seller sends a video as POP with Buyer’s name and date, Seller also
Sends invitation letter.
• Buyer sends copy of the SWIFT
• Seller exports.
DOCUMENTS PROVIDED FOR EACH SHIPMENT TO BUYER
• Commercial Invoice
• Original Ocean Bills of Lading
• Certificate of Origin
• Packing list
• Certificate of quantity & quality provided by an independent
Surveyor and chemical lab.
• Certificate showing cargo is free of radiation (if required)
• AQSIQ Certificate (if the discharge is Chinese port)
Page 3 continuation of FCO
CRIMINAL & CIVIL LAW Clearly may differ from country to country but under the laws
Of the USA clearly state that is a crime punishable by imprisonment and a fine to sell
Something that te seller can’t deliver. The law also states that without the consent
Of the buyer’s in writing that seller’s are not allowed to show any documents. Our
They will be punished under law. This also applies to sanitized documents.
Best
Regards
Carlos
A Bacchella
Sudamerican
Group Argentina
Telephone
00542234726568
Email [hidden email]
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We, the undersigned
SUDAMERICAN GROUP ARGENTINA
hereby with full corporate and legal responsibility confirms
our intention to buy Used Rails as per
the following terms and conditions:
Product: Used Rails ISR Code R50 – R65
Specification:R
50 (51.67kg/m-GOST-7173-75)Tree size length, R65(64.72kg/m-
GOST-8165-75)free size length Inco Term 2000. Rails shall
conform to ISRI CODE. CODE R50-R65.
Composition:
C-0.54-0.82%, Mn-0.60-1.05%, Si-0.18-0.40% S-Not more than
0.04%, P – Not more than 0.035%.
Length: 1.5 Meters
Quantity:
30,000 MT per month for 12 months contract with E & R
Contract
Period: 1 year
Delivery
Terms: CIF Dalian Port, China
Price:
best price
Loading
Port: any
Destination
Port: Dalian Port, China
Inspection:
SGS
Payment
Terms: Transferable
letter of credit
Bank
Details:
Bank Name: API Bank AD
Beograd
Bank Address: Balkanska 2, 11 000 Belgrade, Serbia
Account Number: RS35375110121000014737
Account
Name:--------------------------------------
Signatory Name: Aleksandr Frolikov
SWIFT Code: APIBRSBG
Looking forward to receiving
your FCO and Draft Contract at the earliest.
On behalf of SUDAMERICAN GROUP ARGENTINA
Best Regards
CARLOS A BACCHELLA
SUDAMERICAN GROUP ARGENTINA
EMAIL [hidden email]
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