APPENDIX 1 (LOCAL)

DETAILS:

MATERIAL : MILL SCALES

QUANTITY : ESTIMATED: 2,500 MT (+/- 10%)

PRICE : PLEASE QUOTE THE PRICE IN RINGGIT MALAYSIA

PER METRIC TON (MT) BASE ON:
(A) FCA SOUTHERN STEEL
(SELLER IS RESPONSIBLE FOR LOADING OF THE GOODS ON TO THE TRUCK)
(B) DRY WEIGHT BASIS
(C) AS WHERE IT IS BASIS

PAYMENT : TELEGRAPHIC TRANSFER BEFORE SHIPMENT

SHIPMENT : BY APRIL 2024

PRICE VALIDITY : FROM CLOSING DATE UNTIL 30 APRIL 2024

TERM AND CONDITION:

• FOR BIDDER:
• BIDDER SHALL PAY A DEPOSIT OF 20% OF THE TOTAL PURCHASE PRICE IN RINGGIT MALAYSIA
(“DEPOSIT”) DURING SUBMITTING TENDER DOCUMENT, THE DEPOSIT, IF AWARDED, ONLY BE
RETURNED AFTER COMPLETED FULL PURCHASE PAYMENT AND COLLECTION OF GOODS WITHIN THE
DURATION STATED. FOR UNSUCCESSFUL BIDDERS, THE DEPOSIT TO BE RETURNED ONE (1) WEEK AFTER
OPENING OF TENDER. BIDDER MAY SUBMIT THE DEPOSIT IN CHEQUE.
• BIDDER WHO WON THE BID SHALL SIGN THE LETTER OF AWARD (LOA) WITHIN THREE (3) WORKING
DAYS UPON RECEIVED NOTIFICATION FROM BUYER.
• FULL PURCHASE PRICE (2,500 MTS X AWARD PRICE) TO BE BANKED IN OUR BANK ACCOUNT WITHIN
THREE (3) WORKING DAYS FROM THE DATE OF SIGNING OF THIS LETTER OF AWARD BY TELEGRAPHIC
TRANSFER (TT) AND WILL BE FORFEITED IF BUYER BREACHES ANY TERM AND CONDITION HEREIN.
• COLLECTION BY APRIL 2024 AND IN THE EVENT THAT NO COLLECTION WAS MADE AS ABOVE, SELLERS SHALL
HAS THE OPTION TO EXTEND THE VALIDITY OR CANCEL THE CONTRACT WITHOUT NOTICE.
• THE WEIGHT OF THE GOODS IS DETERMINED IN ACCORDANCE WITH DETERMINATION WEIGHT TICKET ISSUED
BY SSB.
• MOISTURE CONTENT DETERMINATION: -
• The moisture content certified by SGS (Malaysia) Sdn. Bhd,(Company No; 10871-T) (SGS) and/or an
independent international recognised surveyor appointed by SSB shall be final and conclusive and the
analysis cost will be for SSB's account. In the event the certification of moisture confirms that the Goods
contain moisture, SSB shall refund to successful bidder a portion of the Purchase Price by applying the
below calculation formula:
Deposit: RM ________
Estimated Quantity Sold: ________
Unit Price: RM ________
Minus: -
Multiply: x
Plus: +
Payment Received (RM): (Estimated Weight (MT) of goods sold x (Unit Price)) + Deposit
Moisture Quantity: (Moisture % defined in the certification by SGS or recognized Surveyor) x
(Actual Weight (MT) of Goods sold and loaded by SSB)
Amount Refundable (RM): (Payment received) – ((Actual Weight (MT) of goods sold and loaded
by SSB – Moisture Quantity) x (Unit Price).
** ANY REFUNDABLE SHALL BE MADE WITHIN FIFTEEN (15) WORKING DAYS FROM THE DATE OF THE
MOISTURE REPORT

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• SOUTHERN STEEL BERHAD SHALL ONLY BEAR THE FOLLOWING COSTS:
I) SCREENING ACTIVITIES IN SOUTHERN STEEL BERHAD BEFORE LOADING OF THE GOODS BY LOCAL
CONTRACTORS AND
II) MOISTURE TEST OF THE GOODS BY SGS (M) SDN BHD
• SUCCESSFUL BIDDER SHALL COMPLETE THE COLLECTION OF THE GOODS FROM THE SITE WITHIN TWO (2)
WEEKS FROM THE DATE OF SSB’S RECEIPT OF THE DEPOSIT AND FULL PURCHASE PRICE, FAILING WHICH,
WITHOUT PREJUDICE TO OUR RIGHTS AND REMEDIES, AN AMOUNT OF RM10 PER MT MULTIPLIED BY THE
BALANCE QUANTITY OF THE GOODS NOT COLLECTED WILL BE IMPOSED FROM THE DATE OF EXPIRY UNTIL THE
DATE OF ALL THE GOODS HAVE BEEN COLLECTED. IN ADDITION, WE RESERVE THE RIGHTS TO DISPOSE OF THE
GOODS IN ANY MANNER AS WE DEEM FIT WITHOUT FURTHER REFERENCE TO YOU, IN WHICH CASE THE
DEPOSIT AND FULL PURCHASE PRICE SHALL BE FORFEITED TO US.
• ANY EXTENSION OF THE COLLECTION PERIOD MUST BE AGREED IN WRITING BY SSB.

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