Dear Sir,
We are a Dubai based trading and indenting company looking for Iron Ore 64.5% on behalf of our Chinese client with ICPO is ready. The detail of our requirement respect to this firm order are as follows,
Commodity: Iron Ore of Brazil original
Quantity: 300, 000 MT/ Month (Total 18,000,000 MT) Trial for 90,000MT and 300,000 x 12 x 5
Duration: 60 months contract
Delivery: Shipment within 30 days from receipt of L/C,
Price: USD$ 135.00 /DMT CIF, Main Port of China, BASED ON FE 64.5
Specification:
Chemical Composition(On dry basis)
Fe : 64.5% Rejection below 63.5%
AL2O3 : 0.5%Max, Rejection above 2.0%
SiO2 : 3.5% Max, Rejection above 4.0%
P : 0.06% Max, Rejection above 0.08%
K2O : 0.02% Max, Rejection above 0.06%
CaO : 0.20% Max,
TiO2 : 0.08% Max.
Mn : 0.09% Max
Moisture (loss at 105o C) ,8.00% Max
Physical Specs :
Size : 1mm – 6mm 90% min
And between 0mm to 1mm Max 10%
Fines : < 6mm 100%
To determine quality & quantity at the loading port: SGS. SGS inspection cost to be borne by the SELLER at the loading port. And, CIQ at the discharge port, the cost to be borne by the BUYER
Terms of payment:
The buyer shall issue irrevocable, non-transferable, Documentary Letter of Credit (DLC).monthly.
Procedures:
1. Buyer sends ICPO with NCND
2. Seller issues FCO and draft contract
3. Seller and buyer sign the final approved contract
4. Seller provide past performance records and details of the mine to buyer
5. Buyer issues POF from top bank in Hong Kong in a form of bank letter
6. Seller’s bank sends non-operative 2% PB to the buyer.
7. Buyer issue operative LC to activate the non-operative 2% PB
8. Delivery and shipment arrangement commence as per contract
If you are interested to fulfill this order please immediately send a draft FCO with soft price accepting above mentioned specs and payment terms enabling proceed further.
Please note that our commission is US$2/MT ($1 for buyers mandate and $1 for us.)
Please treat this matter as top most urgent.
Best regards.
Sincerely,
Mirza Nadeem Baig
MAKANI TRADING LLC.
P.O. BOX No 116074
Dubai , U.A.E.
Mobile: +971-55-2907625
T: +971-4-2282874 (Direct) 2273711
F: +971-4-2282828
Email:
***
***