IRON ORE FINES 64,5% - REJECTION 63%
Product Description
IRON ORE FINES (64,5):Origin: Brazil
Minimum contract: 45.000 MT/Month x 12/24/36 months, or 45.000 MT/SPOT
Incoterms: (FOB) Brazilian port
Price: please confirm price via email.
Packing: Bulk
Payment: Two (2) months of “BG” or “SBLC” Unconditional for final contract, validity of the “BG” for 12 months and one day and validity SBLC for 14 months and 20 days, transferable, irrevocable, divisible and others payments in (DLC) or (TT) or (MT 103/23).
Inspection: by SGS at loading port (Seller´s cost)
Specification:
Fe: 64.5% Rejection Below: 63.0%
Al203: 2.00% max
SIO2: 3.50% max
SULPHUR: 0.003% max
PHOSPHURUS: 0.07% max
Mn: 0.10% max
Physical Characteristics
+10MM 5% max
+1mm 0% min
-0.15% MM 20% max
Moisture: 8.00% max at 105 degrees centigrade
Procedures:
1) Buyer issues a (ICPO & BCL/RWA).
2) Seller issues FCO.
3) Buyer sign and stamps the FCO and send it back.
4) Seller issues Draft Contract to the buyer.
5) Buyer sign it, stamp it and send it back to us, and issue a BG/SBLC of the agreed price.
6) Seller sends to the buyer the Contract on our company letter head.
7) Buyer open BG/SBLC non-operative.
8) Seller payd PB (Performance Bond) 2% + POP (Proof of product) Bank to Bank.
9) DLC operative.
10) Shipment.
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