COMMODITY GRADES International Standard DIN EN 196 or British Standard C-150 or European Standard EN 197-1:2000, SABS, GOST,32.5 & 52.5
MINIMUN ORDER QTY Per Requirement
DELIVERY PORTS ASWP - All Us-Unsanctioned Ports
DELIVERY TERMS Within 30-45 days after the financial instrument is in place at Seller’s bank and, thereafter, according to the Agreement schedule.
ORIGINS AG is currently purchases product from 15 separate production facilities and global allocation holders.
PACKAGING Packed in either 25 KG, 50 KG bags, wrapped in layers of Kraft-paper with a waterproof lining. These can be back in Sling Bags of 1 to 2 MT. Or bulk in Big Bags of 1 to 2 MT.
INSPECTION By SGS or equivalent at port of loading at Seller’s cost.
PROCEDURES
1. Buyer provides AOC with a decent LOI/ICPO made out to us and freshly dated (no older than 3 days), with BCL and permission for Soft Probe. We will issue a Soft Offer.
2. Return the Soft Offer completed and signed correctly and we will issue the FCO. Return the FCO properly completed and signed with the necessary Bank Endorsement Letter from the bank (verbiage supplied in the FCO), and we will issue the Agreement (Sellers agreement).
3. Within 3-international banking days from receipt of this Agreement by the Buyer, the Buyer signs, seals and stamps the Agreement, and return it to Seller for his signature, sealing and stamping.
4. Within 3-international banking days from receipt of the Agreement from Buyer, duly signed, sealed and stamped by the Buyer, the Seller will sign, seal and stamp the Agreement and issue to the Buyer the AFFIDAVIT as per this Agreement.
5. Within 3-international banking days of signing and exchanging this Agreement and from receipt of the AFFIDAVIT from Seller to Buyer, the Buyer’s Bank will issue in favour of the Seller the (financial instrument) as per Article 13 of this Agreement and to the value of US$ (United States Dollars).
6. Within 7-international banking days of signing and exchanging this Agreement and from receipt of the (financial instrument) in accordance with this Agreement, Seller’s Bank will issue to Buyer’s Bank the Proof of Product by SWIFT MT 799.
7. Within 10-international banking days of the receipt, verification and authentication of Buyer’s (financial instrument) at Seller’s bank, the Seller will issue a 2% Performance Bond for the value of the (financial instrument).
8. The initial shipment of 12,500/mt or 25,000/mt product loads within 30-45 days from the date of receipt, verification and authentication of Buyer’s (financial instrument) for total funds of US$ (United States Dollars) at Seller’s bank, and continues until the Agreement quantity is shipped and delivered
9. Payment will be released to the Seller upon negotiation of shipping documents at the Seller’s bank. Partial shipments are allowed. Within 21-days of Buyer and Seller signing the Agreement, the Buyer will advise the Seller in writing the particulars of the discharge ports relevant to this Agreement.
PAYMENT TERMS
FOR VOLUMES BELOW ONE MILLION METRIC TONS
FOR VOLUMES ABOVE ONE MILLION METRIC TONS
Payment for each shipment will be made on negotiation of the shipping documents at the Sellers bank, via an Irrevocable, Transferable, Revolving, Stand-by Letter of Credit which will revolve at the average monthly shipment volume value and up to the full value of the contract issued or confirmed and guaranteed by a Top Western Bank acceptable to the Seller. It will be issued at the beginning of the contract period and valid for sixteen months.
Partial shipments are allowed, and payment in accordance with the provisions of the agreement with the allowable 5% loading variance.
Payment for the first nine months shipment volumes will be made via SWIFT Telegraphic Transfer, for each shipment, within ten days of receipt of the shipping documents at the Buyers bank, these payments will be guaranteed by an Irrevocable, Transferable, Unconditional, Stand-by Letter of Credit.
Should the Buyer default then the Seller will be entitled to draw down on the Irrevocable, Transferable, Unconditional, Stand-by Letter of Credit. If the Buyer pays for each shipment of the first nine months shipment volumes then the Irrevocable, Transferable, Unconditional, Stand-by Letter of Credit will be used for the last three months shipment volume and the Seller will draw down on the Irrevocable, Transferable, Unconditional, Stand-by Letter of Credit for payment. Partial shipments are allowed, and payment in accordance with the provisions of the agreement with the allowable 5% loading variance.
SPECIFICATIONS
The representative of SGS or compatible World Class Inspection organization at the port of loading shall confirm the product quality conforms to the following specification:
CHEMICAL COMPOSITION
SILICON DIOXIDE (SIO2)
21.00
ALUMINIUM OXIDE (A12O3) 5.30
FERRIC OXIDE (FE2O3) 3.30
CALCIUM OXIDE (CAO) 65.60
MAGNESIUM OXIDE (MGO) 1.10
SULPHUR TRIOXIDE (SO3) 2.70
LOSS OF IGNITION (LOI) 0.90
TRICALCIUM SILICATE (C3S) 60.00
DICALCIUM SILICATE (C2S) 15.00
TRICALCIUM ALUMINATE (C3A) 8.05
TRICALCIUM ALUMINO FERRICE (C4AF) 9.76
PHYSICAL AND MECHANICAL PROPERTIES
BLAIN CM2/GR
3.250
AUTOCLAVE EXPANTION 0.02
INITIAL SETTING TIME (VICAT) 105 MINUTES
FINAL SETTING TIME (VICAT) 135 MINUTES
COMPRESSIVE STRENGTH @ 03 DAYS 230 KG/CM2 AND @ 07 DAYS 305 KG/CM2 AND @ 28 DAYS 420 KG/CM2
Compressive strength mortar Mpa (N/mm”):
Strength Class: 42,5N
Early Strength: 2 days ˆ 10.00
Strength Class: 42,5R
Early Strength: 2 days ˆ 20.00
Standard 28 days strength: Minimum 42, 5. Maximum 62, 5. |
