we are Saudi Arabian company manufacturing, and dealing with Railways, Used rails, HMS1&2., and I would like to make you an offer ( July 2022 price).
For 500,000 MT= $230
1 million to 2 mil = 215$
3mil to 4mil= 190$
5 million to 10 mil =$170
More than 10 mil = $145
the procedure:
1- you issue the LOI
2- seller will issue the FCO
3-if accepted by the buyer sign and send it to us.
4- buyer requests to open a commercial invoice which will be paid by our company and issue the contract.
When a contract is approved by the buyer the bank process must be started. there will be no inspection of materials or documents till the LC MT 705 draft is issued.
5- after issuing the LC the factory will issue 20% of the total contract value in bonds as a penalty. we will invite you on our cost to visit the factory and all your requests will be achieved.
6- when you are happy and satisfied you can approve the LC now and shipment will start immediately.
7- In case the buyer could not comply with the conditions of the method of payment which will be a full guarantee for the LC for the total contract he is obligated to a penalty of 100 thousand USD as a company wasted time fee.
I hope my explanation is clear and useful for you. if you accept those steps reflect it in your LOI and we will proceed immediately. our supply capacity is around 50,000MT to 400,000MT monthly. Also, we have some exceptions for low quantities like 300,000 tons. kindly send me your LOI for more details