Seller group, hereby declares and
confirms that is ready, willing and able to sell the commodity as
per specifications and in the quantity and price as specified in
the terms and conditions as hereinafter set forth. This
representation is made with full corporate authority and
responsibility of the above.
Commodity:
Iron Ore Fe *3 % - rejection below Fe
*0% Quantity:
**0,**0 Mt monthlyshipments 1,**0,**0 Mt first
Year. Contractfor
3 years, extendable to 6 years, **0,**0 Mt per
month from 2nd year and **0,**0 more by Third year or (a contract 5
to 6 million tons for 3 years).
Specifications:
Chemical Composition (on dry
basis) Fe Iron
Ore Fe *3% - Rejection below Fe *0 % P
< 0.*0 % Max S
< 0.*0 % mx. SiO2
*0 % mx. Al2O3 7.0 %
mx. Mn
1.0 mx. Cao
3.5% mx. MgO
0.5 mx.
Na2O 0.5
max K2O
0.5 max. Moisture H2O: 8%
max.
Size
Distribution:
ITEM Expected (%) GUARANTEED
(%)
**0 mm + 4mm …………..*0%
min.
***0 mm ………………… 5%
max.
- 4 mm…………….……….*5%
max.
Packing:
Bulk
Loading
Port:
Lambayeque, Coastal region in Northern
Peru,
close to Mining Project - Transshipment with
Barges **0,**0 Mt..
Delivery
Schedule: Bulk,
**0,**0Mt monthly during first
year.Contractfor
3 years, extendable to 6 years, **0,**0 Mt per
month from 2nd year and **0,**0 more by Third year or (a contract 5
to 6 million tons for 3 years).
Price
FOBUS$ *4.*0 PMT, Certified by SGS or ALEX
STEWARD
Contract
Duration: 3
Years minimum.
Inspection:
SGS or Alex Stewart (Assayers),
Type of
Payment
DLC or RDLC Irrevocable, NON transferable issued by TOP World Bank
and paid **0% atSight.
First Delivery
terms: *0
days after issuance of Letter of Credit, for the First Shipment
then every *0 days.
Performance
Bond: 2 % of one
Shipment.
INTERNATIONAL
PROCEDURES
1.Buyer
issues LOIorICPO
with full banking coordinates and permission for Soft
probe. 2.Seller issues the FCO 3.Buyer
signs, seals and returns the FCO. 4.Seller issues
Draft Contract. 5.Buyer
signs the Draft Contract and sends it back to the
Seller. 6.
Seller issues final Contract to the Buyer
. 7.Buyer\'s bank sends by swift to the Seller\'s bank
the POF for the whole amount of the contract
value. 8.Seller\'s will send the POP to the Buyer\'s
bank 9.Buyer\'s bank issues and sends by swift the
non-operative LC **0% at sight to the Seller\'s bank within
*8 hours. After receive the POP. *0.Seller posts Performance Bond ( PB ) for the
value of 2,0% and LC becomes operative. *1.Shipment begins. Buyer can made a physical
inspection together withSGS or ALEX
STEWARDat the
time of loading of product.
Thanks
for your attention and remain in contact for further
advances.
