Welcome to ShimmaSteel
One of the leading Steel sellers in the World
P. O. Box 416123, Dubai, United Arab Emirates
Sabah Al Shamsi Building, G - Office No. 1,
Jebel Ali Industrial City - Bur Dubai, Dubai UAE
Board of Directors
Highly experienced executive Directors leading ShimmaSteel to success
Marketing Associates
Mr. Hitoshi Koike – CEO / President of Prosper Japan Company LTD having long and strong business relationship with the President of ShimmaSteel Dr. Riaz Paul
ShimmaSteel Business
1
ShimmaSteel being a Nominated Agent of a Saudi Seller who delivers steel with monthly quantities, with commitment regular delivery cycles based on a Sales and Purchase Contract for 6, 12, 24 months or on spot basis purchase which is based on the Buyer’s demand. Steel can be delivered on the scale the Buyer needs and to several destination ports.
ShimmaSteel wide product selection consists of several types of steel for industry, such as new second quality rails R50/R65, rebar, steel coils, and steel billets.
2
ShimmaSteel are committed to meeting the highest quality standards. With ShimmaSteel products the buyer can be sure that is shall be using world-class steel in it’s projects.
ShimmaSteel dealing procedures are developed for safe dealing to enable flexible deliveries based on the buyer needs. ShimmaSteel are using a Confirmed Sight Letter of Credit, which is the safest way the payment of large transactions. Standby Letter of Credit (SBLC) is also acceptable.
3
ShimmaSteel strong business relationship with the leading steel suppliers in Saudi Arabia, targets to supply steel to the buyers (prominent manufacturing industries and companies all over the world) by continuously building mutually beneficial strong business relationships supplying them with a very high quality steel products with prompt deliveries which is the key to success.
Going top of the industry with high-value customer service and personalized solutions filling all the customer's needs. Developing the team's knowledge, and deep understanding of the customer's needs with ongoing training and specialization.
New Second-Quality Rails R50/R65
Dealing procedures of ShimmaSteel.
For safe and efficient transactions.
Find ShimmaSteel dealing procedure described step by step below. If the buyer has any questions, feel free to contact ShimmaSteel Sales for more information and advice.
1.The buyer sends Letter of Intent (LOI)
2.ShimmaSteel responds with Full Corporate Offer (FCO) to the buyer.
3.Once the buyer agrees on the terms of the FCO it signs and stamps the FCO indicating its acceptance and returns it to ShimmaSteel or may issue Irrevocable Corporate Purchase Order (ICPO) to ShimmaSteel.
4.ShimmaSteel shall send a Draft Sales and Purchase Contract to the buyer.
5.Once the buyer agrees on the terms of the Sales and Purchase Contract both the seller and the buyer shall execute the Contract.
6.The seller shall issue its Commercial Invoice to the buyer. Prior to the issuance, the buyer shall issue to ShimmaSteel an irrevocable undertaking of opening DLC or issuing SBLC with failure in doing so shall pay for the Invoice/Inventory Allocation Fees of USD 67,000/-.
7.The buyer shall instruct its bank to issue bank SWIFT MT705 (Pre-Advice of DLC or SBLC).
8.Once the seller has successfully received bank SWIFT MT705 from the buyer’s bank, the seller will issue its Bank Performance Bond (PB) for 20% of the value of the DLC or SBLC.
9.Once the seller sends its agreement on the SWIFT MT705 by email to the buyer, the buyer shall issue the Sight Documentary Letter of Credit (DLC) by bank SWIFT MT700 or Standby Letter of Credit (SBLC) by bank SWIFT 760 to the seller’s bank.
10.Shipment of Steel Commodity shall start within 10 days from the seller receiving the DLC or SBLC.
Contact Us
Get in touch with us
For any inquiries, please fill out the form and we will get back to you as soon as possible.
Address: Dubai, United Arab Emirates
Email: MD@shimmasteel.com
Phone: +971 506567033 / +817014401248