Type | Second-Quality | Standard | R50-R65 |
Second-Quality rails from KSA:
Indicative price: $220/Mt for MOQ 100,000mt/month x 12
LC/SBLC has to be monthly auto-revolving.
MT-705 for one month's quantity is a must for the latest POP and yard visit.
Advance invoice fees of 250,000 SAR is required and will be refundable upon a successful sale transaction. If MT-705 of 1M tonnes will be issued then invoice charges are 5000 SAR.
We recently closed a deal worth 1.2M annual tonnes where our customer paid SBLC for the whole contract. We have the seller's reg. details right from the Ministry website that only the end buyer will be given.
Note: If you need POP and yard visit, but you cannot issue MT-705 then do not pay the invoice fees either because it won't be refundable in this case.
Procedure:
LOI+FCO+ICPO+ Invoice charges+ MT-705+POP/yard visit +SPA+ LC/SBLC. SPA may be signed before MT-705.
Direct-end buyers should send an official LOI on letterhead stating requirement and the acceptance of paying invoice fees and mt-705 issuance.
If you're an agent then max. commission to your side is $5. We do not take any LOI from agents.