Regarding the 2nd contract, please note that Millcon didn’t mention the change on notify party before until last night. Therefore, the contract revision within the same day was impossible, according to Evraz, their management is also occupied.
Anyhow, Evraz has spoken with their Legal Department, and they will prepare contract amendment to incorporate the changes requested, as well as the liability statement of Millcon Steel re contractual obligation in case the company “Metal One” will not fulfill the payment under the LC, or receive the cargo in time against original BLs/Bank guarantee/LOI.
Evraz will revert this evening our time, as for now, please do not reconfirm Millcon’s draft LC. It would be after the revised contract finalized. Anyway, LC opening date will not change.