Brazilian Iron Ore 64.5% 300,000 mt/m CIF

Iron Ore 64.5% - BRAZIL - 300,000 MT Monthly - US$80/MT CIF Basis

PRODUCT: Iron Ore (Fe)

QUANTITY: 300,000 MT per Month x 36 months (10,800,000 MT in total)

TIME OF DELIVERY: Not more than 45 days after open LC.

PRICE: USD 80.00 / MT net CIF.

PRICE REVISION: 12 months

PORT OF DEPARTURE: BRAZILIAN PORT, Port Rio of Janeiro.

SPECIFICATIONS: IRON ORE FINES 64.5% Fe REJECTION BELOW 63.0%

PAYMENT TERM:

100% payment by DLC at Sight Irrevocable, Confirmed, Transferable, Revolving,

Documentary Letter of Credit from top 25 world bank or equivalent or Payment in Advance.

PBG: 2% by seller to activate LC.

PROCEDURES

1. The Buyer sends for Seller a LOI  and RWA or BCL.  

2. Seller issues Full Corporate Offer (FCO).