HMS 1 and 2
$359 CIF. Scrap is in Chile , Seller in USA once agreement reached with seller
contract can be signed and done in Chile
DRAFT SCRAP SALES
CONTRACT
Contract No:
BUYER:
Adress:
Tel:
SELLER:
Our, company agrees to sell and Buyer agrees to buy HMS 1 and 2 material
in accordance with the terms and conditions hereinafter set.
CLAUSE 1: DEFINITIONS:
At this procedure, the following terms and meanings shall apply, unless
otherwise defined:
a) Scrap: HMS 1 and 2 means the rule of "ISRI" in its natural state,
as seen by Buyer.
b) Dollars and Cents U.S.: dollars and cents respectively mean in legal tender
of the
United States of America.
c) Ton: 1000kgs indicates metric tons as defined in the "International
System of Units."
d) Parties: means a party to this agreement or the two together.
e) Storage: area where scrap is stored.
f) Delivery term: CIF
g) Cut: It means cutting the material, being the responsibility of Seller.
CLAUSE 2: PRODUCT
Steel scrap:
HMS No.1 and No.2.
80% HMS1 as per ISRI Code No. 200 - 201 - 202
20% HMS2 as per ISRI Code No. 203 - 204 - 205 – 206
Packing: In containers or bulk
Port of loading: Any Chile Port
Download Port: XXXXXXXXXX
Partial Shipment: Allowed
CLAUSE 3: SPECIFICATIONS
a) Dirt, dust and impurities are not more than 0.5% of total weight.
b) The goods are totally free of any type of radiation, bombs, arms and
ammunition, mines, shells, cartridges, sealed containers, gas cylinders,
explosives or explosive materials for use in any form, or otherwise can be used
to that.
CLAUSE 4: DELIVERY PERIOD AND QUANTITY
Quantity: 30,000MT Month available X 12 - minimum 2000 mt
per month
First Shipment within 30 days of receipt of L/C in Seller Bank.
CLAUSE 5: BASE PRICE
USD CIF TBD
CLAUSE 6: Payment
Terms
1- Contract Signed Both parties Confirmed
2- Buyer opens LC , irrevocable, confirmed by first class Bank, by 100% of the
value.
3- Shipments as per contract terms.
Seller’s Bank Information:
Seller
Bank Name Citibank S.A
Swift Code
CLAUSE 7: DELIVERY
a) Seller must tell Buyer the name of the ship and its approximate time of
arrival at the destination port.
b) Advice Delivery: Seller shall, upon completion of the load along with
details, including tonnage, the invoice number and value, shipping list, BL
number, travel date or any other information that is required or necessary.
CLAUSE 8: FORCE MAJEURE
If at any time during the term of this contract, either party cannot fulfill
its entirety or in part, any obligation under this contract, in the event of
force majeure, such as war, hostility, military operation of any character,
civil commotion, quarantine restrictions, acts of Government, fires, floods,
explosions, epidemics, strikes, earthquakes, embargoes, then the date of
fulfillment of an obligation will be deferred for as long as such circumstances
is in operation.
If operation of such circumstances exceeds three months, either party shall be
entitled to reject further execution of the contract, in which case neither
party shall have any right to claim damages. The Party is unable to fulfill its
obligations under this contract must (within 15 days of the occurrence of any
of the reasons mentioned in this clause) shall inform the other of the
existence of the circumstances preventing the performance of the contract. This
fact must be proven by a certificate issued by the Chamber of Commerce or any
other competent authority directly related to the reason given in the country
of the seller or buyer. This will be sufficient proof of the existence of the
above circumstances and their duration. The lack of availability of material
and / or delay in transportation is no force majeure to sellers for not
fulfilling its obligations under this contract.
CLAUSE 9: ARBITRATION
All disputes or differences arising between the parties out of or relating to
the interpretation, underwriting, meaning and application or effect of this
contract or the breach thereof shall be submitted to the attention of the
Arbitration Center of the Chamber of Commerce of Brazil.
CLAUSE 10: MODIFICATION OF CONTRACT
Any amendment or modification of this contract shall be in writing and must be confirmed
by the contracting parties.
CLAUSE 11: INCOTERMS AND GOVERNING LAWS
Commercial terms of this contract are subject to the laws of Brazil. This
contract shall be governed and construed in accordance with Brazilian law.
BUYER
———————————————(authorized signature)
SELLER
——————————————— (authorized
signature)
Ashley Bulluck
Sales Manager
Gulf Express International LLC
1810 Garfield Street
Hollywood FL, 33020
Ph: 954-589-0170
Fax: 954-589-2855
abulluck@gulfexpressintl.com
www.gulfexpressintl.com
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