We are intended to buy Iron Ore Fines on annual contract basis in India. And our interest in doing Iron Ore exports on CNF basis against LC.
Commodity : IRON ORE FINES Fe
: 63.5% Min rejection below 62.5%
Origin : India
Specification :
Chemical Composition
(On dry basis) guaranteed (% by weight)
Iron Ore Fines (Fe) : 63.5% ,min Rejection below 62.5%
Silica (SiO2) : 3.5% Max
Aluminum (Al2O3) : 3.5% Max
Phosphorus (P) : 0.06% Max
Sulphur (S) : 0.06% Max
Moisture Content : 8% Max at 105 degree centigrade.
Quantity : 100,000 DMT per month X one Year (60,000 DMT + 40,000 DMT)
Port : Visakhapatnam (Vizag)
Delivery Time : First Shipment within 30 days from the date of opening of L/C
Price : USD ** /- DMT CNF Xiamen / Yuanhong / Mawei ports Fujian Chain
Inspection : by CIQ / SGS at Port of Discharge as final.
Payment : Buyer shall open within 7 banking days after buyer receives seller?s signed copy of contract and 2% PG and product proof through well known international prime bank, an irrevocable and workable letter of credit in favour of the performer or seller?s for an amount of ** US Dollars to cover 100% of shipment value.
Performance guarantee: 2% performance guarantee will be issued from world prime bank to buyer.
Please send the contract copy and previous SGS report (if readily available right now) for immediate action to commence the contract.