High grade iron ore

commodity: iron ore
origin: peru
loading port: pisco port or callao port
price: 88,5 u.s.$/mt fob
price adjustment: every 6 months (semester)
quality award: for the fe content above 64%, the price will be increased by u.s.$ 3,00 per mt for every 1% (one percent) additional fe content.
quantity: minimum 30,000 mt/month and maximum on request
contract: 5 years, renewable
home delivery: 60 days after issuance of the l/c
these deliveries: from the second delivery charge will be monthly
load testing (optional): if required by the customer, could provide a test load of 30,000 mt, under the same conditions.
payment: letter of credit (l/c), bank transfer, sblc or bg. no p.b.
requirement: correspondent bank use as any of the following two banks of usa: bank of america or chase manhattan bank.
procedures: to agree with the seller

product specifications & chemical composition:
fe 64% + receivable   63%
sio2 3.0% max.,   rejection above 5
ai203 3.50% max.
s 0.08% max.
p 0.08% max.
moisture 8.0% max.
ti02 0.08%, up 0.2%   rejection
size 0 to 2.5 inches