SOFT OFFER 64.5% IRON ORE FINES
We, the undersigned of ____________., on behalf of our Miner/Seller, hereby declare and confirm that the Seller is willing and is able to supply the commodity as per specifications and for the price as specified in the terms and conditions hereinafter. FCO and/or Draft Contract will be issued by seller only after current and valid ICPO or LOI, and BCL or RWA are received within 7-Days.
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COMMODITY: |
IRON-ORE 64.5% FINES. |
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ORIGIN: |
BRAZIL |
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INCOTERM: |
2000 CIF ASWP |
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PRICE/QUANTITY: |
US$ 148/MT 150,000 to 1,000,000MT x 12 months. |
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CONTRACT DURATION: |
12-Months with Rolls Extensions min. |
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MINE VISITING: |
ALLOWED after signature of contract |
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PACKAGING: |
LOOSE BULK. |
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COMMISSION |
NO COMMISSION : COMMISSION SHOULD BE TAKEN FROM BUYER, IF ANY. |
Quantity:
150,000 MT/month through 1,000,000MT/month.
Contract Length:
Minimum 12 monthly shipments with extensions.
Loading Port: Port:
At seller's choice.
Destination Port:
CIF ASWP.
Price:
US$: 148.00 MT CIF ASWP.
THE SELLER DOES NOT ACCEPT HIGH COMMISSION AND OVER PRICE.
Page 1 of 3 04/08/2008
Packing:
Loose bulk.
Inventory:
Limited.
POP Bank to bank after receipt of POF:
(Proof of Funds) MT 799. Seller's supplier has full capability of displacing the product (Iron‐Ore / Sinter Feed) from the extraction sit to the loading port, SGS or equivalent valid document certificate, mine’s name and respective ownership and title. Written authorization contracts, contracts verifying docking space and port’s loading certificate.
Inspection:
SGS/CIQ/CCIC to determine quality & quantity at the loading port.
Only SGS inspection cost to be borne in the loading port.
CIQ/CCIC, if requested by the Buyer, the cost to be borne by the Buyer.
Specification:
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Fe 63.5% min. |
64.5% max. |
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Sio2 3.00% min. |
4.0% max. |
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Al2o3 0.70% min. |
2.0% max. |
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Mn 0.08% min. |
0.15% max. |
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P 0.05% min. |
0.06% max. |
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K2o 0.005% min. |
0.008% max |
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Tio2 0.03% min. |
0.08% max. |
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Cao 0.012% min. |
0.02% max. |
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Mgo 0.020% min. |
0.03% max. |
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Sn <.01% |
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S 0.003% |
0.007% max |
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Na2o N/A |
0.005% max |
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Size: 0 mm to 10 mm |
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0.015mm-3 mm 30% min |
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Free moisture at 105°C |
3-5mm 60% max |
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MOISTURE 8% Max |
5-10 mm 10% max |
Bond:
Performance Bond 2% of the value of the Letter of Credit in the form of Corporate Performance Bond to be issued by seller backed by SBLC.
Basis of Delivery:
In shipments of minimum 150,000 MT (+/‐5%). The shipment will be arranged by seller for delivery of material within 45 days from operative financial
Instrument Documents:
NDNCA, LOI (Letter of Intent with Soft Probe Authorization) or RWA, BCL – Bank Capability Letter,
Page 2 of 3 04/08/2008
PAYMENT METHODS:
We will accept payment by the following method:
Irrevocable ‐ Confirmed ‐ Revolving ‐ Transferable or Non Transferable – Divisible Fully Funded Documentary Letter of Credit (FFRDLC) ‐ 100% at sight. + Last 3
Months of SBLC ‐issued and confirmed by a top 25 European OR USA world banks
GUARANTEE:
Buyer must guarantee last 3 shipments of 12 shipments by unconditional &
transferable SBLC/BG.
SELLERS BANK INFORMATION:
Bank : __________________________
Address : ______________________________________________
Agency : _____________________________
Account # : _____________________________
Account Name : _____________________________
CBU : _____________________________
Intermediary Bank : ______________________________________________
_____________________________ Bank Beneficiary : ______________________________________________
______________________________________________ Bank Officer : _____________________________ Telephone : _____________________________ Fax : _____________________________
Remark: Full Funded means for the monthly value only, not for whole contract value.
*** Obligatory Documents For Acceptable Order are:- LOI/ICPOI + BCL ***
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