Ontario, Canada
Our Products
We are rated among the renowned Exporter & Supplier of HMS1&2 (ISRI 200-206) Heavy Melting Steel that is known for its strength and versatile utility. HMS1&2 Scrap is utilized for many domestic, industrial and commercial purposes. HMS1&2 Scrap is offered to our clients in different shape and sizes.
Additional Information:
Payment Terms : L/C, T/T,
Packaging Details : Seller issues SCO offer of HMS SCRAP METAL to Buyer.
If Buyer is interested The buyer issues the Letter of Intent (LOI) with Buyers full information with authorization for soft probe. An LOI template from Seller is available for use by the Buyer if needed.
2. The Seller issues the draft of the Credit Contract (SPA) agreement to Buyer for review OR if
a) Buyer and Seller already understand and agree to the terms of the Contract, Seller pulls the actual Contract and sends it to Buyer for signature
3. The Buyer initials, and sends the draft Contract back to the Seller (via TCGI) along with the sample verbiage of the Letter of Credit from Buyers issuing bank. The sample verbiage allows the Sellers bank to review text / wordings of the LC so when the actual LC is tendered, no issues would prevent it from being processed smoothly.
If the actual Contract had been the one issued to the Buyer, as in 2(a) above, Buyer signs and seals the Contract (SPA) and along with the sample verbiage of the LC, sends both documents to Seller for counter signature and approval.
4. Seller countersigns Contract (SPA), issues a non-operative 2% corporate Performance Bond and send by e-mail (considered as hard copies) the fully singed and sealed (by both parties) Contract (SPA) with cPB and approval of the LC verbiage (revised or not).
a) Buyer agrees that Bank fees associated with the redeeming of the DLC shall be to the account of the Buyer on the very 1st LC issued. A notation to this effect must be in the LC verbiage. Succeeding LC collection fees shall be to Sellers account.
5. Within Five (5) working days of successful verification and approval of DLC verbiage Format. The Buyer will issue an Irrevocable DLC for the 1st months delivery.
6. Upon receipt and successful verification of the DLC, and operative (Bank) Performance Bond shall replace the issued cPB, Shipping Documents (OBOL, Quality/Quantity Inspection Reports, Certificate of Origin, Comm Invoice, Packing list, etc.) shall be provided to redeem DLC.
7. First shipment shall proceed within 15-30 days and continue according to the schedule agreed in the contract. Succeeding shipment leave port every 30 days with average transit time to ASWP at 32 days.
Corresponding LCs shall be opened each month or an auto-revolving LC could be issued instead.
Additional Information:
Payment Terms : L/C,
Packaging Details : NOTE: PAYMENTS for CIF Shipments: All shipments are 100% payable at loading port in exchange for shipping documents.
Country of Origin: United States of America and South America
Inspection: SGS
Payment Terms: 100% Irrevocable, Non-transferable, Operative or
Non-Operative Documentary LC
Confirmed; payable at loading port against full documents for all shipments.
Loading Port: Miami, Florida
PROCEDURES TO FOLLOW TO EXPEDITE PLACEMENT OF PRODUCT ORDER:
1. The Irrevocable Corporate Purchase Order (ICPO) must contain
Suppliers terms and Procedures; or
must be accompanied by a Letter of Acceptance when submitted.
Additionally, buyers must provide full banking details, and grant
permission for soft probe.
2. Send to: as above
3. We agree to be mutually bound by the Relevant and Contemporary
Protocols and Guidelines of the
International Chamber of Commerce (ICC) as relates to NCND (Non
Circumvention, Non Disclosure)
formats in all of our future and ongoing business relationships.
PROCEDURES
1. Buyer issues Irrevocable Corporate Purchase Order with Full Banking
Details and permission
for soft probe.
2. Seller issues Draft Contract. If agreed to by Buyer, Seller will
issue and send Final Contract, via
Email. Buyer returns Final Contract signed and sealed to the Seller
through email with port of discharge displayed on the document.
NOTE: Upon buyer request, and after draft contract is returned signed
and sealed (but before the buyer is required to open and issued the DLC), the seller will send sanitized documents for the purpose of providing evidence that he has shipped goods in the past.
3. Buyer issue swift message MT 700 Operative or Non-Operative DLC to
Sellers Bank.
4. Upon DLC Confirmation, Seller issues 2% Performance Bond and send
POP to Buyers Bank.
5. Seller nominates vessel, Loads and sends an invitation to the buyer
to accompany the SGS inspection and loading of materials at the
loading port.
6. Seller transfers 100% of ownership of the goods (Freight and 110%
Insurance of the CIF value of the goods prepaid) to the Buyer.
7. Payment for the product is released to the Sellers nominated bank
once goods are loaded and documents submitted by the Seller to the
Buyers Bank.
*Additional information:*
Cutting cost for length less than 1.5 meters negotiated with seller.
AQSIQ available, but not provided until after LC is issued and confirmed.
Look forward to work together on long term basis with mutual trust
Genaro Yupangco
The Masters Mind
Delivery Time : 30 days
