We Buy Ferrous Scrap "Used Rails" & "HMS 1/2"

April 20, 2022.

Dear All,

Below our needs:

GOODS: Ferrous Scrap Used Rails [R-50 (51.67 Kg/M) and R-65 (64.72Kg/M)] as per ISRI 027-029 and GOST 7173-75/ GOST 8165-75; cut-to-length 1.20-1.50m length (in Buyer s option)

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Technical specification R-50 (R-65):

C: 0.60 - 0.82% (0.54 - 0.82%);

MN: 0.60 - 1.05%;

SI: 0.18 - 0.40%

P: max. 0.0035%;

S: max. 0.04%;

AS: 0.01 mix of max share

ORIGIN: At the seller's choice;

QUANTITY:?15 thousand metric tons and more if possible per Month?for 12 months in bulk vesseI(s) and (or) containers (Buyer s choice);

QUALITY (Impurity}: 0.50% max.; rejection limit — 1.00%;

WEIGHT DETERMINATION: Draft Survey in the PoL;

TARGET PRICE: The Best Price in FOB per MT;

DELIVERY TERMS: FOB At the choice of the Seller;

DELIVERY TYPE: Draft min 12.0m, 7000MT pwwd sshinc min (for 50.000MT vessel);

PAYMENT TERMS:?Specific payment terms are subject to discussion between the Parties based on concept of payment via rollover I rrevocable Documentary Letter of Credit (in amount of monthly shipment) payable at sight (hereinafter as “the IDLC”) and Seller s Performance Bond.

• No prepayment.

IMPLEMENTING PROCEDURE:

1/A°) We would like to receive a soft offer from the Seller first.

1/B°) The Buyer sends the Letter of Intent (LoI) to the Seller;

2°) The Seller issues Firm Corporate Offer (FCO) and in return, subject to its terms and conditions, the Buyer issues Irrevocable Corporate Purchase Order (ICPO) to the Seller (or counter-sign FCO);

3°) The Parties agree on the terms of the Contract and execute its agreed version with notarization of each respective party`s signature aimed to further exchange of originals

4°) The Seller invites the Buyer to perform on-site verification visit to ...... (Country of dispatch) of its storage and cutting premises, stuffing operations, port facilities and operations as well as verification of export license(s) and all necessary permissions and approvals;

5°) Subject to satisfactory of the Buyer and based on his written acceptance of on-site visit`s results, the Contact shall become in force and within 5 (five) business days from such date the IDLC and, simultaneously, Performance Bond in value of 2.00% of shipment value is become effective;

6°) The Buyer (or his authorized representative) are entitled to present during cutting, stuffing and loading of the Goods into containers and (or) bulk vessel at the Port of Loading and(or) place of stuffing;

7°) Upon shipment, the Seller provides the Documents for negotiation under IDLC;

8°) Upon arrival and loading of the Vessel, the Parties perform the settlement of the shipment based on QQ Reports made at the port.

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If you have the opportunity, you can also send us your prices in "FOB" for the goods below:

• Scrap Lots
• Aluminum UBC Scrap (Used Beverage Cans)
• Copper Milliberry Wire Scrap
• Copper Cathodes Grade – A (Electrolytic Copper Grade)
• Aluminum Ingot – cast alloy

We are interested in any quantity.

We do not wish an offer with a prepayment. So let’s avoid wasting time in sterile negotiations.

Best Regards,

Jean-Pierre I.

Email: [email protected]