Used Rail Scrap Metal

Buyer • Supplier • Importer • Exporter

  • Our network of Global Associates can purchase or sell Used Rail Scrap Metal HSM 1 & 2
  • Rail Scrap Metal Contracts will follow INCOTERMS 2000,  with certificates issued by an independent international company, SGC, CIQ or CCIC
  • Rail Scrap Metal Contracts subject to United States Law, ICC rules are to be observed under existing CIGS guidelines and UCC law will supersede under ICC if in conflict
  • Site Inspection Coordination

SCRAP METAL CLOSING PROCEDURES:

  1. Buyer/Mandate sends Letter of Intent (LOI).
  2. Seller issues full Corporate Offer (FCO).
  3. Buyer Signs FCO (On each page) & returns to seller with bank endorsement.
  4. Seller issues Contract.
  5. Buyer signs & returns Contract.
  6. Buyer issue Non-Operative Financial Instrument
  7. Seller issues POP, Bank to Bank
  8. Buyer activates Financial instrument
  9. Seller issues Performance Bond
  10. Seller places Order