Sell IRON ORES

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Chemical Composition
Fe 64.50% (rejection below 63.50%)
Al2o3 1.50% (rejection over3.00%)
SiO2 3.50% (rejection over 5.00%)
Sulphur 0.03% max
Phosphorus 0.06% max
K20 0.08%
Cao 0.02%
MgO 0.03%
Na2o 0.005%
Tio2 0.08%
Mn 0.15%
Sn 0.01% Max
Cr 0.005% Max
Zn 0.005% Max

Moisture Content (Free moisture loss at 105 degrees centigrade) 8.00% max

Physical Specification (on natural basis)
5-10mm 10.00% Max
3-5mm 60.00% Max
0.15-3 mm 30.00% Min


PROCESS

- Buyers submits LOI with full banking details, authorizing soft probe
- Seller issues draft contract with FCO
- Parties cosign the contract
- Buyer instruct his bank so send by SWIFT a pre-advised LC (text to be provided by the seller) inquiring sellers capability and readiness to fulfill the contract.
- Upon receipt of SWIFT the pre-advised LC, seller bank will send POP and a non-operative performance bond 1%
- The Buyers bank issues the operative revolving LC, which will automatically activate the Sellers PGB 1%
- Shipments commence
F
Additional information will be supplied upon receipt of LOI/BCL and full bank details from a genuine buyer.
Lead Time from Order to Shipment
45 days from opr LC
Minimum Order Quantity
60,000.00MT
Terms of Payment
irrevocable, transferable revolvIng L/C
Terms of Sale
FOB, EXW, CNF, FAS