01 September 2008

HMS 1 & 2 (80:20) - CONFORMING TO ISRI CODE 201 –206 -condore

Commodity: HMS 1 & 2 (80:20) - CONFORMING TO ISRI CODE 201 –206

Total Quantity: 360.000 METRIC TONS / 720.000 METRIC TONS

Origin: Canada

Contract Period: 12 months, with eventual “Rolls & Extensions”

Shipment: 30.000 MT +/- 5% >> MONTHLY REVOLVING total due 360.000 MT
60.000 MT +/- 5% >> MONTHLY REVOLVING total due 720.000 MT
Terms of Delivery: CIF IRAN / CONDITIONS INCOTERMS 2001

Price :
 364 , USD/ MT CIF ASWP BY BULK VESSELS DELIVERY FOR 30.000MT/MONTH
 359 , USD/ MT CIF ASWP BY BULK VESSELS DELIVERY FOR 60.000MT/MONTH


Procedures: As stated below.
Packing: Shipment in Bulk. Product will be loaded in vessels bulk, with a capacity of
30.000 Mt each pulled by tug, up to 200.000 MT vessels.

Delivery: First shipment within 45/50 days from issue date of Operative Credit
Instrument.

Payment Type: NON TRANSFERABLE Irrevocable 1) Auto-Revolving Documentary Letter of
Credit or
2) Revolving Documentary Letter of Credit + BG, payable 100% at
sight, with a validity up to end Contract for one shipment’s vale, issued
and/or confirmed by a Western European or USA prime 25 Bank.
Payment Terms: All payments will be made in the form of cashable TT telex transfer, within
three (3) days from presentation of the required documents.

Performance Bond: 2% PB will be issued upon the value of agreed financial instrument,
through Seller’s Bank.
Specifications
The offer consist of HMS I/II in the ratio of 80% HMS I and 20% HMS II. HMS I&2 offered conform
to following standards set by ISRI. (download ISRI specifications circular)

ISRI 200 No. 1 heavy melting steel.
Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces
not over 60 x 24 inches (charging box size) prepared in a manner to ensure compact
charging.

ISRI 201 No. 1 heavy melting steel 3 feet x 18 inches.
Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces
not over 36 x 18 inches (charging box size) prepared in a manner to ensure compact charging.

ISRI 202 No. 1 heavy melting steel 5 feet x 18 inches.
Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces
not over 60 x 18 inches (charging box size) prepared in a manner to ensure compact
charging.

203 No. 2 heavy melting steel.
Wrought iron and steel scrap, black and galvanized, 1/8 inch and over in
thickness, charging box size to include material not suitable as No. 1 heavy melting
steel. Prepared in a manner to ensure compact charging.

204 No. 2 heavy melting steel.
Wrought iron and steel scrap, black and galvanized, maximum size 36 x 18 inches.
May include all automobile scrap properly prepared.
205 No. 2 heavy melting steel 3 feet x 18 inches.
Wrought iron and steel scrap, black and galvanized, maximum size 36 x 18 inches.
May include automobile scrap, properly prepared; however, to be free of sheet iron
or thin gauged material.

206 No. 2 heavy melting steel 5 feet x 18 inches.
Wrought iron and steel scrap, black and galvanized, maximum size 60 x 18 inches.
May include automobile scrap, properly prepared; however, to be free of sheet iron
or thin gauged material.
General Procedures , as reference of ICC Rules of Paris
•The Buyer issues ICPO (Irrevocable Corporate Purchase Offer) with Bank information's or LOI
(Letter of Intent) + BCL (Bank Capability Letter) or RWA.

•The Seller issues Full Corporate Offer (F.C.O.) to the Buyer.

•The Seller issues Draft Contract to the Buyer for comments and acceptance; the Buyer signs, seals
and return the contract (adding its full banking information's).

•The Seller signs, seals, and send the contract to the Buyer by e-mail. Once sent by e-mail shall be
considered as original.
• After electronic copy is sent, Seller sends draft’s copy by courier or, to speed up the procedure,
(1) Buyer seals/signs it in front of a Public Notary or of his Bank Officer who endorse it, (2) sends
the contract via fax to Seller, (3) Seller seals/signs the contract (received via fax) in front of a Public
Notary or of his Bank Officer who endorse it, (4) then sends the Contract via fax to Buyer, (5) the
contract is considered legally valid (as it is with the previous procedure of hard copy exchange via
Express Courier).

• Within five (5) banking days after contract’s signature and transmission of Proforma Invoice, the
Buyer opens a Non Operative Financial Instrument (copy to be send to the seller via email/fax for
acceptance); the Seller, within five (5) banking days issues a Non Operative Performance Bond of
2% value of said Bank Instrument .
• On receipt of Non-Operative Financial Instrument’s Pre-advice, Seller's bank will send to
Buyer's bank the POP (Proof of Product).

• Packing List at loading port will include: Ocean Bill of Lading with No. Gross/Net weights,
Commercial invoice, SGS certificate for Quality & Quantity and AQSIQ, Certificate for Not-
Radiation Certificate of Origin.

•Delivery and shipment commence as per the terms and conditions of the contract. Prices, offers
and Goods are all CIF ASWP, and are subject to change without notice, unless a contract is
registered with the seller. Then the price is locked for whole contract duration.
o

- about documents (guidelines)

To be able to proceed, we need in all cases a detailed LOI issued from the buyer or from the seller. This is not because we love paperwork. This is to save time and to work efficiently.
A professional LOI contains ALL informations which are needed to get a professional and fast response.

Immediatly it is clearly to be seen,

-who wants to buy or sell what (including specification),

-under which conditions

-in which amount(s)

-for which (target-)price

-with which procedure

-under which payment terms

-whith which payment instrument(s)

-for which destination (of which origin)

-by using which bank(s)

-for which timeframe

-on seller's or buyer's ORIGINAL letterhead

-never sanitzed








Don't .......

Don't ask for photos, we are no photo-agency and they aren't worth the sending as they proof nothing.
Don't ask for a "past performance" as it says nothing about the seller's ability to supply tomorrow.
Don't ask for pricing without a buyer's LOI......
Don't ask for a FCO without having a positive response to your buyer's LOI.
Don't believe that the sending of a LOI automatically causes the sending of a FCO or draft contract.
Don't send a mail and ask 5 min later, whether it arrived and we have worked on it.......
Don't think we are machines that do not need to sleep, eat....
Don't believe there were no weekends in western europe when offices are closed (...saturdays and sundays...)
Don't think we had no other person besides you to talk to ..... (your inquiery is important for us, but it is NOT the only we are busy with....)
Don't think that deals about several millions of USD are closed within minutes, hours or a day ......
Don't start an inquiery by telling what commission you have to get .... (no contract closed - no commission - no discussion)....

LOI or ICPO.. see below a few informations what we expect
Guidelines to note when preparing documents
(please take notice as we lose a lot of time by 'wrong documents'...)

LETTER OF INTENT (LOI)

1. Freshly dated (not older than 3 working days)
2. The format should be PDF File
3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress
4. The LOI may be adressed to F.H.U PRO - b2b group deutschland
5. We need the quantity, duration, destination port, price idea, specification and origin, and banking details
6. The documents must be signed and stamped

IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO)

1. Freshly dated (not older than 3 working days)
2. The format should be PDF File
3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress
4. The informations must be detailed and we need a specification
5. The ICPO may be adressed to 'the seller through F.H.U PRO b2b deutschland group'
6. Bankers information must be the same as the to the company ordering and as stated in the letter head, if different, then it must be accompanied by a letter of the owners of the bank account attached to the ICPO staiting their authorization of the purchase
7. The documents must be signed and sealed