High-quality SABIC hot-rolled steel (Gr60), guaranteed free of rust and impurities, for warehouse delivery Process for Purchasing 500,000 Tons of SABIC Steel (Without Bank Letter of Credit) * Certified Letter of Intent to Purchase: The buyer submits a certified letter expressing their intent to purchase. * Seller's Response with Draft Contract: The seller responds, confirming the availability of the required quantity and attaching a draft contract. * Buyer's Review and Contract Signing: The buyer reviews the draft contract, agrees to the terms, signs the contract, and sends it to the seller. * Seller's Contract Signing and Dispatch: The seller signs the contract and sends a copy back to the buyer. * Buyer's Payment of Commercial Invoice Issuance Fee: The buyer transfers a commercial invoice issuance fee to the seller. This fee is refundable to the buyer and is factored into the total price (as stipulated in the signed contract, typically ranging from 4,000 to 6,000 Saudi Riyals). * Issuance of Sales Invoice: Upon receipt of the fee, a sales invoice for the full quantity is issued and delivered to the buyer. * Buyer Deposits Contract and Invoice with Bank: The buyer deposits a copy of the contract and the invoice with their bank account manager. * Buyer's Bank Sends Financial Solvency (SWIFT 705) and Requests Documents: The buyer's bank sends a financial solvency swift message (SWIFT 705) to the seller's bank. They also request official documents to verify the availability of the quantity mentioned in the contract. * Bank and Ministry of Commerce Representatives Visit Warehouses: A representative from the buyer's bank and a representative from the Ministry of Commerce visit the seller's warehouses to inspect and confirm the presence of the goods. * Seller Issues Credibility Guarantee: The seller issues a credibility guarantee equivalent to 20% of the deal's value. * Bank Issues Commitment Letter for Brokers' Rights: The bank issues a commitment letter guaranteeing the rights of the brokers. * Seller Delivers First Installment or Full Quantity: The seller delivers the first installment as per the contract, or delivers the full quantity and warehouses to the buyer. The buyer signs the delivery invoice. * Buyer's Bank Transfers Agreed Amount (Including Commission): The buyer's bank transfers the agreed-upon amount, including any commission. * Seller's Bank Pays Full Commission to Brokers: The seller's bank pays the full commission to the brokers. Starting prices 1600, serious buyers only