TRADING PARTNERS

Metals

• Precious Metals
• Used Rails
• HMS1, HMS1&2
• Copper Cathodes
• Indian Iron Ore
• Brazilian Iron Ore

NON-FOOD - Metals - Indian Iron Ore

Contract:            Total 1 million MT per month for 12 months

Payment:           Option 1: Irrevocable, transferable Auto revolving Letter of credit
                         Option 2: Irrevocable, transferable L/C with a 2 month SBLC as a guarantee     
                         Payment at sight on receipt of SGS report and Bill of Lading
 
PB:                    2%
 
Procedures:       ICPO
                        Draft contract sent
                        Draft contract returned signed
                        Hard copy contract
                        LC opened
                        PB opened
                        Delivery commences, first shipment between 30 and 45 Days
 

INDIAN IRON ORE SPECIFICATIONS
 
Iron Ore Fines (Fe ¡V 63.5% basis)
Chemical composition (on dry basis)
Fe 63.50% basis (Rejection <61.5%)
SiO2 3.00% max
Al2O3 3.00% max
Phosphorous 0.07% max
Sulphur 0.07% max
Free moisture loss at 105% degrees centigrade 8.0% max
Physical composition (on natural wet basis), size:
Below 10mm 95% min.
Above 10mm 5% max.
Below 0.15mm 30% max.
BONUS/PENALTY: 0.30 USD per 1% above or below-63.5%
TEST REPORT BY SGS.

Please, contact us with your specific Corporate Soft Inquiry for this commodity.