USED RAILS

THE SCRAP CONSISTS OF USED RAILS SCRAP Nigeria railway magistral tracks

§ R-50 with a weight of +/- 51.67 (fifty one point sixty seven) kg per running meter

§ R-65 with a weight of +/- 64.72 (sixty four point seventy two) kg per running meter

§ Non-metal impurities total 1% (one percent) or less.All product is free from any types of radiation, bombs, arms and ammunition, mines, shell, cartridges, sealed containers, gas cylinders, explosive shells or explosive materials in any form, use otherwise.

§ Dirt, dust, rust fluff and other impurities not to exceed 0.5 % (zero point five)

§2. SPECIFICATIONAs per ISRI Codes 27 to 29

1. NORMS

§ R-50 GOST-7173-75

§ R-65 GOST-8165-75

§3. CHEMICAL COMPOSITION

§ C : 0.54 – 0.82 %

§ Si : 0.18 – 0.40 %

§ Mn : 0.60 – 1.05 %

§ S : 0.04 % max

§ P : 0.035 % max

§ As : 0.01 % max of mass share

§4. LENGTH 6 - 12 m

§5. MANUFACTURER: UKRAINE, RUSSIA

§6. ORIGIN : NIGERIA

HMS 1&2 ( 80:20 )

HMS1&2 (80:20)

Steel scraps shall be considered free of alloys when the residual alloying elements do not exceed the following percentages:
Nickel 0.45
Chromium 0.20
Molybdenum 0.10
Manganese 1.65
The combined residuals other than manganese shall not exceed a total of 0.60 percent.
ISRI-CODES:
HMS 1
200 No. 1 heavy melting steel. Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 x 24 inches (charging box size) prepared in a manner to insure compact charging.
201 No. 1 heavy melting steel 3 feet x 18 inches. Wrought iron and/or steel scrap ¼ inch and over in thickness. Individual pieces not over 36 inches x 18 inches (charging box size) prepared in a manner to insure compact charging.
202 No. 1 heavy melting steel 5 feet x 18 inches. Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 inches x 18 inches (charging box size) prepared in a manner to insure compact charging.
HMS 2
203 No. 2 heavy melting steel.* Wrought iron and steel scrap, black and galvanized, 1/8 inch and over in thickness, charging box size to include material not suitable as No. 1 heavy melting steel. Prepared in a manner to insure compact charging.
204 No. 2 heavy melting steel.* Wrought iron and steel scrap, black and galvanized, maximum size 36 x 18 inches. May include all automobile scrap properly prepared.
205 No. 2 heavy melting steel 3 feet x 18 inches. Wrought iron and steel scrap, black and galvanized, maximum size 36 x 18 inches. May include automobile scrap, properly prepared, however, to be free of sheet iron or thin gauged material.
206 No. 2 heavy melting steel 5 feet x 18 inches. Wrought iron and steel scrap, black and galvanized, maximum size 60 x 18 inches. May include automobile scrap, properly prepared, however, to be free of sheet iron or thin gauged material.

USED RAILS

Used Rails R50 - R65
Chemical Composition Used Rails:
C: 0,54-0,82
Si.: 0,18-0,40
Mn: 0,60-1,05
S: 0.04 max
P.: 0,035 max
As.: 0,01 max of Mass share
Norms: R-50 GOST-7173-75 and R-65 GOST-8165-75
The scrap consists of R-50 (51,67 kg/m) R-65 ( 64,72 kg/m ) Used Rail
ISRI 27-29
ISRI-CODES:
(27) Rail, Steel No. 1.Standard section tee rails, original weight 50 pounds per yard or heavier, 10 feet long and over. Suitable for re-rolling into bars and shapes. Free from bent and twisted rails, frog, switch, and guard rails, or rails with split heads and broken flanges. Continuous welded rail may be included provided no weld is over 9 inches from the end of the piece of rail.
(28A) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original weight of 50 pounds per yard and over, 18 inches long and under.
(28B) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original weight of 50 pounds per yard and over, 2 feet long and under.
(28C) Rail, Steel No. 2 Cropped Rail Ends. Standard section, original weight 50 pounds per yard and over, 3 feet long and under.
(29) Rail, Steel No. 3.Standard section tee, girder, and/or guard rails, to be free from frog and switch rails not cut apart, and contain no manganese, cast, welds, or attachments of any kind except angle bars.
Free from concrete, dirt, and foreign material of any kind.
The rails can be cut to the length the buyer wants.

LOI ( Letter Of Intent )

LOI ( Letter Of Intent )
Please put here Company Letterhead with all details such as Full name, address, telephone, fax and e-mail and Company's registration number
LETTER OF INTENT
Date: ….., 2007 Valid until: ….., 2007
To:
From: Buyer with all details such as Full name, Address, Telephone, Fax and E-Mail
Subject : LETTER OF INTENT (LOI) TO PURCHASE SCRAP STEEL TYPE USED RAILS
Dear sir,
WE, company , (registration nr? proven end user / owner of the mill,) HEREBY CONFIRM WITH FULL COMPANY RESPONSIBILITY AND UNDER PENALTY OF PERJURY THAT WE ARE READY AND CAPABLE TO ENTER INTO A CONTRACT FOR THE PURCHASE OF THE FOLLOWING COMMODITY AS SPECIFIED BELOW AND THAT FUNDING IS AVAILABLE INCLUDING ANY IMPORT PERMITS NEEDED TO FULFILL THIS PURCHASE.
Commodity: Heavy Melting Scrap, USED RAILS R50-65
Description: Heavy Melting Steel; steel scrap including and not limited to plates, beams, rods, structural steel, used rails unless the product is limited to only rail. Only atmospheric rust allowed and no heavy rust is allowed. Chemical Composition: ISRI 27-29
Price: USD$………..00 per MTW CIF ASWP
Origin: As designated by seller.
Quantity: …………. MTW/year at ………….. MTW/month
Packaging: Loose - Bulk
Delivery schedule: Seller to specify for completion of total quantity & first shipment from the date of confirmed LC in seller's account.
Inspection: SGS by seller. CIQ and CCIC at buyers' expense if required, at the loading port and not to be part of the payment documents. For those customers who insist on POP or other such amendments to the contract we allow such changes if a 10% deposit is placed with the seller
Payment Terms: Plus: One month Deposit applied towards shipping plus Fully Funded DLC payable against commercial invoice, OBOL, SGS and CCIC/CIQ for the full amount of the first month shipment. Deposit will be deducted 1/12 part monthly from the contract price.
PBG Guarantee: 2 % operative Corporate PG Bond to be issued by seller. When the LC's first billing is completed, the Seller will post a SBLC against its Corporate Performance Bond to the buyer indicated in the contract.
We trust that the above will be of interest to you and we look forward to the contract signing for this deal.

Best regards,
Printed Name&Title

Sign&Seal

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