Descripción del producto

***5Soft Offer- Iron Ore Fe *3% -Mexico -**0,**0 Mt SPOT and **0,**0 Mt monthly - Price Ex-workUS$ *5 Pmt.

 

 

Dear Sir:

  

Please be advised that we have negotiated this outstanding offer from Mexico in Ex-work Basis and US$*3 Pmt as Loading/Logistic costs, FOB Basis.

 

 

 

CORPORATE SOFT OFFER

Iron Ore Fe *3%

 

 

 

To: End Buyer

 

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 *2%

Quantity:          **0,**0 Mt SPOT

**0,**0 Mt monthly shipments1,**0,**0 Mt first Year with Rolls and Extensions

 

 

Specifications:

 

 

Grade. Fe *3%, *2% rejected

 

Quantity. **0,**0 MT x *2 months

 

Origin. Mexico

 

Price. Ex-Work - $*5 Pmt 

Seller has *3 Pmt Logistic cost to load Vessel in FOB basis.

 

 

Specification:

 

Chemical Composition (on dry basis)

FE *3% basis, rejection below *2.0%

FEO *0% min

SiO2 3.0 % max, rejection above 4.*0 %

Al2O3 0.5 % max, rejection above 2.*0 %

Phosphorus (P) 0.*5 % max, rejection above 0.*0 %

Sulphur (S) 0.7 % max, rejection above 0.8 %

TiO2 0.2 % max, rejection above 0.*2 %

K2O + NA2O 0.3 % max.

PB 0.*3% max

ZN 0.*5 % max.

CU 0.*5 % max.

Moisture loss At **5 degree centigrade. 8,0 % max. ( en Puerto )

 

Size Distribution (one inch)    3 to Fine   >> 

 

ITEM Expected (%) GUARANTEED (%)   

*0 % 3 TO FINE min

≤*0mm  *0% max

 

 

Payment. **0% Letter of Credit (payable on demand of against signed Commercial Invoice, SGS). LC at sight, Non-transferable or Transferable, Irrevocableor SWIFT.

 

Delivery. Already in stock Pile **0,**0 Mt,then monthly shipments *0 - *0 days after LC received.

 

Full documentation available (SGS, Photos,etc), visit to Mine site allowed after receive & approve ICPO. TTM will be set immediately to advance in coordinated form with Buyer group.

 

 

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 STEWARD at the time of loading of product.

 

 

 

Thanks for your attention and remain in contact for further advances.

 

 

 

Best Regards,

 

 

 

 

Luis O. Benavente

Director Overseas Operations

CORPORATE ITC