COMMODITY:(EGYPTIAN
MILL SCALE) ORIGIN:The
origin of the (EGYPTIAN MILL SCALE) will be from
Egypt. PACKING:In
bulk – in big bags ***0 Kg into containers *0
DC. DELIVERY:CIF
or FOB First shipment within ****0 days after acceptance Letter of
Credit to be issued to Milner Societe
General INSPECTION:Quality,
quantity, weight and photo by Société Générale de Surveillance
(SGS) or substantially equivalent, internationally approved agency,
at Seller’s cost at port of loading. PRODUCT
SELL AND PAYMENT
TERMS:The Agreement price, as quoted, is subject to
the Irrevocable, Confirmed and Non-Transferable, Indivisible Letter
of Credit to be issued for the total quantity and covering hall
shipments value. PRODUCT
QUALITY AND
SPECIFICATIONS:The representative of SGS or compatible World
Class Inspection organization at the port of loading shall confirm
the product quality conforms to the following
specification: Fe
Total *0.*0 PCT Basis
below *8.*0 PCT
Rejection SiO2+CaO *3.*0
PCT Max over *3.*0
PCT Rejections AL2O3
*2.*0 PCT Max S
*0.*0 PCT Max P
*0.*0 PCT Max PHYSICAL:
Size: 0 – *0 mm: *0 PCT Min. Above *0 mm:
*0 PCT
Max. MOISTURE:
*6.*0 PCT Max.
A. For
Fe Content In respect
of each shipment of Mill Scale which does not meet the FE
specifications set forth in Clause 3 (Specifications) the base
price referred to in Clause 4 (Price) shall be adjusted in
accordance with FE content as determined pursuant to the provisions
of Clause No.8 (Quality/Sampling and Analysis) as
follows: The base
price shall be increased by USD 1.*0 PDMT as per Clause 4 (Price)
for FE content each 1% above *0 PCT, fraction pro
rata. The base
price shall be decreased by USD 1.*0 PDMT as per clause 4 (Price)
for FE content each 1% below *0 PCT but up to *8%, fraction pro
rata.
B. PENALTY
For Other Elements
D. For
Size Penalty USD
0.*0/WMT (per Wet Metric Ton) on natural basis shall be applied to
the quantities of Mill Scale above size *0 mm in excess of
*0%.
PRODUCT
DOCUMENTATION:One set of the following documents consisting
of three originals and three non-negotiable copies will be
furnished by the Seller: -Commercial invoice -Ocean
Bill of Lading marked “Freight Prepaid” and clean on board issued
to the order of …….. And consigned to -Certification of Weight and Quality issued by
SGS -Certificate of Origin issued by or endorsed
by Chamber of Commerce of the Country or the Countries of
Origin.
WEIGHT AND
QUALITY:The Seller guarantees to his account the
shipment of (EGYPTIAN MILL SCALE) shall be provided with an
inspection of weight and quality at the time of loading and such
certificates shall be provided by SGS or similar authority at
Seller’s expense which shall be deemed to be final and binding on
both Parties. Seller instructs said authority to carry out the
inspections.
SPECIAL
CONDITIONS: PROCEDURES: As
agreed between seller and buyer. LOADING:
All costs at the port of loading for the account of the
seller DISCHARGE:
All costs at the port of discharging for the account of the
buyer. INSURANCE:
Provided by buyer In accordance with ICC rules and the terms and
conditions of this Agreement, insurance is for the seller\'s
account and his sole responsibility.
NB:All
vital documents in the form of past performance record will not be
sent through mail. They will be sent through swift bank to bank or
will only be seen in TTM Meeting in Seller’s
Office.
