Metal Ores & Concentrates Newsgroup

Location: PERU, LIMA PERU

Iron Ore 52%.
CORPORATE SOFT OFFER Iron Ore 52 % Commodity: Iron Ore Fe 52 % - rejection below Fe 50% Quantity: 35,000 Mt monthly by 3 months then increase to 100,000 Mt monthly shipments Annual contract extendable to 3 years, 100,000 Mt per month of the 2nd year. Specifications: Chemical Composition (on dry basis) Fe Iron Ore Fe 52% - Rejection below Fe 50 % P < 0.10 % Max S < 0.10 % máx. SiO2 10 % máx. Al2O3 8.0 % máx. Mn 1.0 máx. Cao 2% máx. MgO 0.5 máx. Na2O 0.5 max K2O 0.5 max. Moisture H2O 8 max. Size Distribution: ITEM Expected (%) GUARANTEED (%) - 100 mm + 4mm …………..90% min. - +100 mm ………………… 5% max. - - 4 mm…………….……….5% max. Packing: Bulk Loading Port: Port of Salaverry. Peru Delivery Schedule: Bulk, 35,000 Mt monthly by 3 months then increase shipments to 100,000 Mt monthly. Price FOB US$ 55.00 PMT, Certified by SGS or ALEX STEWARD Contract Duration: 1 Year to 3 Year Inspection: SGS or Alex Stewart (Assayers), Type of Payment DLC - Irrevocable NON transferable issued by TOP World Bank and paid 100% at Sight. First Delivery terms: 60 days after issuance of Letter of Credit, for the First Shipment then every 30 days. Performance Bond: 2 % of one Shipment. INTERNATIONAL PROCEDURES 1.Buyer issues LOI or ICPO 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 100% at sight to the Seller's bank within 48 hours. After receive the POP. 10.Seller posts Performance Bond ( PB ) for the value of 2,0% and LC becomes operative. 11.Shipment begins. Buyer can made a physical inspection together with INTERTEK/SGS at the time of loading of product.