GENERAL CONDITIONS

  1. Metal Scrap Ferrous & Non Ferrous Offered as per ISRI Codes.
  2. Quantity as per offer letter or email.
  3. Ferrous Metal Scrap minimum order quantity is 250 MT – No Trial Orders
  4. Non Ferrous minimum order quantity is 50 MT – No Trial Orders
  5. Advance is MUST – This is NON - Negotiable
  6. Packing is Loose until and unless otherwise stated.
  7. Weight Loaded is as per offer letter in each FCL for FEU & TEU
  8. Free Days is 10 days for each shipment.
  9. Certificate of Origin is of Supplier NOT Chamber of Commerce.
  10. Delivery Time is as per offer letter or email – we do not control time taken by shipping line and our quotes are based upon best estimation AGW / WP ( All Going Well / Weather Permitting ).
  11. Loading Time is generally within 2~3 weeks after receipt of advance or receipt and verification – acceptance of financial instrument at our or suppliers banks counter.
  12. Longer term contracts and large orders supplier will adjust advance given in last invoice or adjust advance given in steps in each invoice.
  13. Supplier will provide complete documentation at every step, incl. but not limited to container booking receipts, seal no’s, weight receipts, loading (various stages) photographs.
  14. Pre Loading Inspection survey by DGFT Approved Agency only for metal scrap consigned to India. For Buyers in Pakistan pre loading inspections will be made by WLSI & INTERTEK and buyers in Bangladesh Pre Loading inspection will be made by INTERTEK on buyer’s expense. For SE Asian Buyer & World Wide buyer’s inspection agency would be WLSI.
  15. Buyer shall pay and arrange for all necessary permits for the import of goods at place of final delivery or destination.
  16. Possibility to mark B/L as “Freight to Collect” so that buyer can pay freight directly to shipping company upon vessel’s arrival, at the time of delivery order. Buyer can also opt to pay freight at last transshipment port before arrival Destination Port (Expense of min. $ 500 for manifest correction or B/L Correction) – Last Discharge Port or ELSE we will mark it ‘Pre Paid’.
  17. We are not a bank and we cannot finance your purchase so please refrain from making such demands.
  18. Proforma Invoice once raised will be valid for 24 hours only.
  19. Standard weight variation is 2%.
  20. Cash & Under Invoicing is not acceptable.
 

PAYMENTS

We accept following bank instruments for payments

  1. Letter of Credit – 100% Confirmed, Irrevocable, Sight, Transferable (As Required) Letter of Credit. Our bank should be confirming & reimbursing bank, all confirmation – negotiation – advising charges on buyer account. Buyer to open DLC with 3~5 days of receiving Proforma invoice. We should be able to draw funds on presentation of all standard shipping documents less inspection certificate. Please provide the format of draft DLC before your bank actually establishes or transmits same. Buyer to advice for DLC opening – issuing bank name, swift code, location in advance to seller to check buyer banks credentials. Suppliers will not accept DLC from Pakistan, Bangladesh, West African Countries, Nigeria, and East European Countries. Download acceptable format.
  2. SBLC – Stand By Letter of Credit drawn on HSBC Bank – INDIA. Please provide the format of draft SBLC before your bank actually establishes or transmits same. Download acceptable format.
  3. BG – Bank Guarantee drawn on HSBC Bank – INDIA. Please provide the format of draft LC before your bank actually establishes or transmits same. Download acceptable format.
  4. TT – Telegraphic Transfer – Request complete correct bank co-ordinates for same / also mentioned in Proforma Invoice.
  5. RTGS – Real Time Gross Settlement ( INDIAN Clients ) - Request complete correct bank co-ordinates for same / also mentioned in Proforma Invoice.
  6. Draft – Bankers Draft drawn on HDFC Bank.
We do not accept bank cheques as payment instrument or cash.
 

STANDARD DOCUMENT LIST

1. Commercial Invoice
2. Packing List
3. No War Material Certificate
4. Seller Origin Certificate
5. Bill of Lading
6. Pre Loading Inspection Certificate – Quality & Quantity “ONLY Copy as original will be sent to buyer directly”.

 

BANKS

We work with following Banks

HDFC – INDIA
HSBC – INDIA
HSBC – United States of America