Please note that some of the stock consist of faulty new rails, sold as used
USED RAILS R50-R65 FOR SALE
We are pleased to inform you of the Sales Procedures for 2020.
Regarding terms, prices, quantities, methods of payment, shipping method, receipt and important notes, which set a specific framework for sales and purchase of used railway production.
PRICES AND QUANTITIES AVAILABLE:
PRICE USD FOB KSA PRICE USD CIF QUANTITY/YEAR
$400 $428 500,000 MT
$267 $295 1,000,000 MT
$240 $268 2,000,000 MT
$227 $255 3,000,000 MT
$200 $228 5,000,000 MT OR MORE
These Prices Include: Transportation inside KSA & VAT Tax
These FOB Prices do Not Include: Insurance cost, and transport costs
SIZE CUT: 1.2 Meter
- Buyer sends LOI addressed to “Madnox Trade Desk”, by email firstname.lastname@example.org with these procedures on Buyer’s full letterhead.
- Availability Letter will be sent to the Buyer by the Seller by email.
- Seller issues Commercial Invoice to Buyer to confirm the quantities and price, and to submit to Buyer’s Bank to open his LC after paying his fees.
- Opening of the Confirmed Letter of Credit (L/C) operative, confirmed MT 700 at sight with full Commercial Invoice, Buyer’s Bank issues L/C. The revolving L/C is acceptable if the Buyer’s Bank guarantees the full amount of the commercial invoice on the same confirmed L/C MT700, at sight and operative, and the amount of the L/C is 55% from the total amount of the commercial invoice.
The L/C should be opened to the seller’s company.
An immediate letter of commitment shall be issued by the seller after issuing the commercial invoice. (Fee agreement)
Methods of Payments:
Only one method of payment is acceptable for this product:
Operative, Confirmed Letter of Credit (L/C) MT 700 at SIGHT.
Commercial Invoice will be sent by swift to seller’s bank, the administrative expenses of the bank shall be calculated on our account after opening the credit and accepting it, the Seller pledges, and undertakes to make a bank guarantee of SR 100 million or (20% of the value of the goods sold) to any customers who opens the Operative, Confirmed Letter of Credit (L/C) MT 700 at SIGHT with full conditions of the commercial invoice.
This will serve as a penalty in case of non-fulfillment or delay in delivery or non-arrival of the goods to the customer’s port. This guarantee will be in favor of the buyer immediately after 45 days without reference to it, after the arrival of the letter of credit from the official bank email, with a serial number, issued by the Saudi Swift System which is acceptable to us.
One of the conditions for issuing the commercial invoice, is to wire SR 5,000 (per million tons)
To the seller’s account, which is refundable once the L/C is opened.
The terms of the Commercial Invoice is not to exceed 7 days inside the Kingdom, and 15 days outside the Kingdom. In the case of renewals, it will be done with a new serial number, and the credit must reach the bank during that timeframe, within enough time.
Operative, Confirmed Letter of Credit (L/C) MT 700 at SIGHT will be opened in consideration
Of the full amount required for the total amount indicated in the Commercial Invoice, and there must be enough time so that the bank can work on it, after the arrival of the letter of credit from the official bank email, with a serial number, issued by the Saudi Swift System which is acceptable to us.
Revolving L/C is acceptable to us under these terms and conditions:
-The customer’s bank guarantees that the customer will take all of the entire amount as per the commercial invoice issued (the value has to be written).
-The amount of the L/C should not be less than 55% of the value of the commercial invoice
-Payment for quantity arriving or on loading is not acceptable.
Insurance and Shipping Fees:
PLEASE NOTE THAT MOST CIF DESTINATIONS, PRICE IS $28/MT
BARHAIN: 60 SR PER TON
KUWAIT: 60 SR PER TON
EMIRATES: 60 SR PER TON
OMAN: 60 RIYALS PER TON
YEMEN: 105 RIYALS PER TON
JORDAN: SAR 60 PER TON
EGYPT: 105 SR PER TON
SUDAN: 105 RIYALS PER TON
LEBANON: 60 RIYALS PER TON
IRAQ: 105 RIYALS PER TON
EAST AFRICA PORTS: 105 SAR PER TON
SYRIA BORDER: 105 RIYALS PER TON
LYBIA BORDER: 105 RIYALS PER TON
MAGHREB COUNTRIES: 105 RIYALS PER TON
TURKEY: 105 RIYALS PER TON
ETHIOPIA: 105 RIYALS PER TON
EAST ASIA: 105 RIYALS PER TON
SOUTH ASIA: 105 RIYALS PER TON
EUROPE: 105 RIYALS PER TON
AMERICAS: 105 RIYALS PER TON
RUSSIA, UKRAINE & GEORGIA: 105 RIYALS PER TON
CENTRAL AFRICA: 105 RIYALS PER TON
PLEASE NOTE THAT WE DO NOT CHANGE OUR PROCEDURES FOR ANYONE, NO NEED TO ASK. ALSO, WE WILL NOT PROVIDE ANY PICTURES OR VIDEOS WITH THE BUYER’S NAME ON IT UNTIL THE LC IS OPENED.
CALL US AT +1-754-250-9100 OR EMAIL VINCE@MADNOX.COM OR CALL OUR EUROPEAN OFFICE +34 694440061 FREDDY@MADNOX.COM