Indian Iron ore fines grade 63.5% (rejection 62.5%):
Trial quantity:30,000 MT/40,000 MT
Quantity:100,000 MT x 12 months
Delivery term: CFR or FOB
Payment: Irrevocable, Revolving, Documentary Letter Of Credit at sight 100% after SGS inspection at loading port.
SPECIFICATIONS
A. Chemical Composition (On Dry Basis Guaranteed) Fe 63.5% Fe basis rejection below 62.5% Fe
SiO2 4.50% max
Al2O3 3.50% max
Phosphorus 0.06% max
Sulphur 0.06% max
Moisture 10.00% max
B. Physical Properties
Size Distribution: below 150 microns30% max
0mm-10mm 90% min
above 10mm 10% max
Procedure: 1. Buyer sends LOI BCL
2. Seller issues FCO. 3. Buyer returns signed FCO
4. Seller issues draft contract with bank details. 5. Buyer signs/seals contract and return if acceptable as final and informs Seller of LC opening in prime bank. 6. Buyer open non-operative LC. This is activated as the Seller issues Performance Bond (2%). 7. Hard copies of contract. We are regularly Selling: urea fetilizer 46, iron ore minerals. We are regularly Buying: iron ore, urea fetilizer.
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