Origin: Indonesia Commodity: Iron Ore
Lumps Quantity: ****0MT trial shipment then ****0MT
per month for *2 months. Price: Base price of first shipment is
currently FOB loading port Indonesia:
US$**8 if paid by non-transferable DLC or
US$**6 if paid by transferable DLC Specification: Fe: *2% Rejection below *0% SiO2: 3.5% Max 4.5% Al2O3: 3.5% Max 4.0% Sulfur: 0.*8% Max 0.1% Phosphorous (P): 0.*8% Max
0.1% Size ***0 mm *5% Moisture loss at **5 C, 8%
maximum Packing : In bulk Loading Port: TanjungPemancingan open sea,
Indonesia. Inspection: Sucofindo to confirm quality and
quantity at the loading port at the Seller’s cost. Buyer may have
their own surveyor at their cost. Payment Terms:
Buyer will pay by irrevocable, either transferable or
non-transferable DLC at sight, issued or confirmed by a major world
bank acceptable to the seller.
The DLC will be payable *8% after Sucofindo report and shipping
documents at the loading port. Performance Bond: The seller will provide a 2%
PB. Acceptable Buyer
Profile: -Will be the contract
signatory. -Holds the Import
License. -Will issue the DLC. -Satisfies the Seller’s due diligence
requirements. -End buyers/users only. PROCEDURE: 1.
Buyer issues valid LOI to the End Seller together
with -signed NCNDA. -Company profile/website for buyer for Seller's
due diligence. -Copy of passport of
LOIsignatory. -Copy of past iron ore imports DLC and related
Bill of Lading. -Letter from Buyer’s bank confirming the
Buyer’s financial capacity to complete this
transaction. The
LOIis to include the Buyer’s banking details and authority for a
soft probe. If the Seller is not satisfied with the
due diligence on the Buyer, the Seller reserves the right to require further
information from the Buyer at this stage before proceeding to contract
signing. 2.
Seller issues draft contract by email to the Buyer, who may make
any necessary minor amendments but no deletions, and then
return the signed contract to the Seller. 3.
Sellerissues final contract to theBuyer andwithin 2 banking daysthe
Buyer signs the finalcontract and returns it to the
Seller. 4.
Within 5 banking days, the Buyer’sbank sends a non-operativeLC for
approval by the Seller’s bank. 5.
Then within 5banking days, the Seller’s bankissues the2%PB,
non-operative Pendingreceipt of a workable
DLC. 6.Then within 7 banking days the Buyer’s bank
opens the irrevocable DLC in favour of the Seller, and the
PBbecomesoperative. 7. First shipment within *5 days after the
Seller’s bank confirms receiptof the Acceptable DLC.
IF INTERESTED REPLY TO mkkindia**9 AT hotmail DOT com
