Sell Soft offer of Iron ore

no image You May Also Be Interested In: fe 64.5 iron ore lumps
-Commodity: Iron ore lumps or fines (Fe 64.5%)
-Origin: Kenya
-Quantity: 60,000 MT trial shipment
-Loading port: Mombasa
-Contract supply: 12 months
-Partial shipments: Allowed
-Packing: bulk cargo vessel
-Inspection: SGS
-Delivery: CFR
-Price: USD 78 / MT CFR
-Payment terms: Transferable LC 100% at sight
-Offer subject to change

Specifications:
-Fe: 64.5% (reject below 63.0%)
-P: 0.08% max
-S: 0.08% max
-SiO2 <5.00%
-Al2O3: 0.50%

-Moisture: 8.00 max
-Physical size: < 10 mm: 5% max
10 mm - 40 mm: 90%
> 40mm: 5% max

Procedure:
1. Seller issues soft offer
2. End-buyer issues LOI
3. Seller issues draft contract
4. Seller issues final contract
5. Buyer issues non-operative LC
6. Seller provides 2% PB to activate Buyer's LC
7. Shipment within 45 days
Supply Capacity
50,000 MT per month
Lead Time from Order to Shipment
45 days
Minimum Order Quantity
50,000 MT
Terms of Payment
L/C
Terms of Sale
CIF