Sao Paulo, July 31st, 2008.
SOFT OFFER OF MANGANESE ORE
Commodity: Brazilian Manganese - Sinter Feed, in Bulk
Origin: Brazil, South America
Total Quantity: 12 x 40.000mt, 480.000MT
Specifications : (weight & quality final at loading port by SGS Brazil)
Mn : 40.5 %
Al2O3 : 7.71 %
SiO2 : 11.08 %
S : 0.016 %
P : 0.079 %
Fe : 9.48 %
BaO
MgO
: up 6mm 60 %
: down 6 mm 40 % or as per Buyer’s specification
The delivery shall commence at port of loading on/or about 35/45 days after the confirmation of the Financial Instrument in the Seller’s Bank account to the Seller’s satisfaction, and shall be legal and lawful currency of United States Dollars. Delivery will be in 36 consecutive months.
Price:
The price for the above specified Product is: USD$ 350.00/MT CIF ASWP.
Payment:
For payment the Buyer Bank (Top 25 World Western European or American Bank), will issue to the Seller’s Bank, as Beneficiary, Bank to Bank by SWIFT, with maturity for 13 months, an Irrevocable, Fully Funded, Unconditional, Transferable, Assignable, Cash Backed, Unencumbered Bank Guarantee, for the full amount 01 month. The remaining DLC (Documentary Letter of Credit).
Procedures
1 Buyer Issue an LOI with BCL or RWA from the Bank that will issue the Bank Guarantee, and
2 Seller will issue the Draft Contract, and send by e-mail to the Buyer, also the draft of the Bank Guarantee and Performance Bond, and
3 Buyer Receive the Draft Contract, review Sign and Seal and send Back by e-mail, and
4 Seller issue the Hard Copy sign and seal and send by E mail to the Buyer for final signature, and
5 Buyer Sign and seal and send Back by e mail to the Seller. Said signed contracts being exchanged electronically will be deemed as original and is legally binding until hard copies are exchanged, Seller also will include the Draft of the PB and the BG as annex in the contract. Seller shall issue five (5) hard copies to be sealed and signed and send to Buyer by courier. Buyer signs and seals them and sends three (3) copies back to the Seller, and
6 Buyer issue the Bank Guarantee by SWIFT MT760 to the Seller Indicated Bank, and copy of the Original which must be sent by e mail to the Seller E mail, and Seller will issue a Performance Bond for non-delivery equivalent to a 2% (Two percent) of each total Bank Guarantee value, and Seller would facilitate and assist Buyer or Buyer’s representative if there was a wish that Buyer would want to be present at the loading for the first shipments, and Deliveries of Goods to the Port in Brazil will commence in strict compliance with contract terms within thirty/thirty five (35/45) days of receipt of an acceptable Buyer's Bank Guarantee, and schedule mutually agreed and continue as per shipping schedule. Buyer to supply shipping schedule for the first ninety (90) days shipments within ten (10) days following the signing of the Contract with shipment schedule for the balance of 12 (twelve) months deliveries to be issued forty five (45) days ahead of the actual shipment.
THIS SOFT OFFER IS VALID UNTIL AUGUST 07TH, 2008.
