PIG IRON - FERRO GUSA

Pig Iron Acearia - GUSA

Co mm odity Pig Iron Acearia

From Brazil

Quantity 50. 000MT Loading door Brazil

Bulk Packaging

Incoterms ESTIVADO FOB / Rio de Janeiro or Vitoria / Brazil

Starting at 30 transfers for 60 days

Quantity seller must sell and deliver and the buyer must take delivery, evenly distributed on a basis, and to pay the following amounts of Iron Pig iron Acearia under TERM (tonnes)

600, 000 tonnes per year or more

Payment Terms 1 buyer must open an irrevocable, confirmed, rotating, non- transferable or transferable bank of the first class fully funded Documentary Letter of Credit (FFDLC) in favour of the seller, 100% to pay for the transfer amount to dispatch against the submission of documents. The letter of credit will be valid for 12 + 3 months.

2 The LC will be opened by the buyer within seven (7) days after the signing of the contract. If Buyer delays to establish the DLC, the seller has the right to delay the transfer until the DLC is advised and received by the seller. In this case, the costs, risks and costs related to the delay should be the account of the buyer and the ship must take its time lay counted from the beginning of the loading operationsPROCEDURES:

Buyer sends a LOI with 2 + BCL bank official signatures and stating that the buyer has the ability (or by funds or installation) to perform the contract, with an authorization for a gentle account of the probe.

The documents will pass the standard validation period.

Vendor issues and draft contract within 48 to 72 hours after receiving a Buyer's LOI.

Before leaving ORIGIN, the buyer must be able to show us the implementation of the Charter of Financial Instrument.

The buyer will instruct his bank to quickly instrument of payment before his departure from Brazil.



The buyer will have in hand as per contract:

1. Contract signed and sealed (Chamber of Co mm erce Signature and seal included)

2. 2% Performance Bond Guarantee

3. Shipping Progra mm ing complete his contract

4. A copy of SGS inspection of iron and steel, showing quality of pig Iron.