Product

Iron ore

Grade

64.5% (Rejection BELOW 63.5%)

Origin 

Mexico/Brazil/Seller’s option

Quantity

2400000 mt

Shipments

200,000 mt x 12

Packing

Loose BULK

Price 

MT ASWP

Incoterms

CIF

Payment (Two options)

BG (one month shipment value, valid for 12 months) + MT103 per shipment  / transferable, confirmed IRDLC, 100% at sight.[add $5/mt for non-transferable]

Inspection

SGS at load port, at Seller’s account

Insurance

110%

PB

2%

Validity

On FIRST-COME-FIRST-SERVED basis.

Specifications

As shown below

COMPOSITION 

TYPICAL

GUARANTEED

REMARKS

Fe

66.50%

64.50%

Rejection below 63.5%

Al2O3

2.80%

3.50%

SiO2

3.50%

4.50%

P

0.01%

0.08%

S

0.02%

0.09%

CaO

0.5%

0.60%

MgO

0.68%

0.80%

TiO2

0.08%

0.20%