SABIC GR60 Steel Sale Announcement (Warehouses) We provide SABIC GR60 reinforcing steel – first grade in all sizes, in large quantities intended for major projects and long-term contracts, at competitive prices directly from the supplier. 💠 Quantities and Prices: • 100,000 tons Price: 1,800 SAR/ton + 100 SAR commission • 200,000 tons Price: 1,700 SAR/ton + 100 SAR commission • 300,000 tons Price: 1,600 SAR/ton + 100 SAR commission • 500,000 tons Price: 1,500 SAR/ton + 100 SAR commission • 1,000,000 tons Price: 1,300 SAR/ton + 100 SAR commission ✔ Advantages: • Certified SABIC Quality • International Compliance and Inspection Certificates (SGS) • Full Readiness for Supply • Possibility of contracting via official bank transfers (LC) ⸻ 🔹 Transaction Mechanism 🔹 First: Letter of Intent (LOI) The buyer sends an official letter including: • Required quantity • Specifications • Delivery location 📩 Sent via official email for both parties ⸻ Second: Official Corporate Offer (FCO) After receiving the LOI, an official offer will be issued including: • Confirmation of quantities • Technical specifications • Commercial terms ⸻ Third: Proforma Invoice Issued upon buyer's request and includes: • Quantity • Final price • Payment terms 🔹 Issuance Fee: 5,000 SAR (refundable upon contract or transfer) 🔹 Used for applying for bank transfer After that: • Contracts preparation and signing • Legal documentation • Official issuance of broker rights ⸻ Fourth: Payment Terms • Revolving & Confirmed Letter of Credit (LC) • Must cover the full quantity If the quantity is not fully covered: The price will be calculated according to the 100,000-ton bracket ⸻ Fifth: Supply Warehouse delivery begins immediately upon receipt of the bank SWIFT notification, with the issuance of all documents: • SGS Certificate • Certificate of Origin • Bill of Lading • Insurance • Export documents 🔹 Performance Guarantee The seller provides a Performance Bond of 10% of the value of the supplied quantities, as a guarantee to the buyer. ⸻ 🔹 Broker Rights • Issuance of official financial undertakings after PI • Signed and stamped • Payment of dues after confirmation of bank transfer ⸻ 🔹 Inspection Terms Inspection will only take place after: • Sending an official request via SWIFT from the buyer's bank • Without any financial commitment • For proof of seriousness only 🔹 Sample Letter of Intent (LOI) 🔹 To: … Peace, mercy, and blessings of God be upon you, Greetings, We, the company: (…) Commercial Registration No.: (…) Headquarters: (…) Wish to purchase SABIC GR60 reinforcing steel – first grade – hot-rolled according to the following: Order Details: • Quantity: 1,000,000 tons • Payment Method: Revolving & Confirmed LC • Price: 1,300 SAR/ton inclusive • Delivery Location: Riyadh • Delivery: Within warehouses ⸻ Penalty Clauses: The breaching party commits to paying 20% of the contract value as compensation to the aggrieved party. This percentage also includes the rights of the brokers listed in the contract. ⸻ Inspection Clause: • Official request via SWIFT from the buyer's bank • Proof of financial capability • No visit will be accepted without this ⸻ Declaration: We confirm: • Seriousness and financial capability • Commitment to open LC • The company's record is free of any remarks ⸻ Name: (…) Signature: (…) Seal: (…) ⸻ 🔹 Important Note: Seller's details will not be disclosed until the buyer's details are fully received, to