Iron Ore

Quantity Order:

Payment Method:

L/C

IRON ORE;
We have capacity to supply Iron Ore Lumps as follows: Re : Iron ore Fe 63% rej 61%

Commodity: Iron ore 63% , reject < 61%

1. loading port ; tanjung taboneo or pemancingan,
2. Qty: 30.000mt per month or 360.000mt per year.
3. Price: .. FOB MV by LC at sight.
4. Bonus USD 2/ mt if Fe more than 62 and penalty USD 2/ mt below Fe 62.
5. Payment by LC at sight.
6. PB 2% after seller get non operative LC.
7. Delivery is 35 days after getting LC.
8. Inspection by Sucofindo/ Surveyor Indonesia at seller account.
9. Visit after lc is opened.

Commodity: Iron ore Lumps, Fe 62% basis, Packing in bulk

Quantity: Total quantity ( + / - 10% ) : 50, 000 MT for the 1st shipments and after the following Shipment Up to 100, 000 MT per Month.

Delivery date: For the 1st Shipment, Seller loads the goods within 35 days after receiving the buyer’ s

Transferable L/ C and confirmed by the Seller Bank, the following shipment is every20 days from the 1st Shipment

Country of Origin: Indonesia

Port of Loading: South Kalimantan.

Loading Rate: 8.000 MT per day

PRICE: FOB term only

Price to be negotiated per every three months for the year contract.

Specification at loading port: Guaranteed ( % weight by dry basis) ,

Fe 62 % basis, Rejection( below 60 % )
Al2O3 4.00 % max Rejection above 6.0%
SiO2 4.00 % max Rejection above 6.0%
Sulphur ( S) 0.07 % max Rejection above 0.09%
Phosphorus ( P) 0.07 % max Rejection above 0.09%
Moisture 8 % max at 105 degree centigrade.
Size 0.1 mm up to 50 mm Max.

For Fe :

The base price shall be increased at a rate of USD 1.5 per DMT for each 1 % Fe above 62.00 % , pro rata, payable upon SUCOFINDO or SGS Inspection and Report at the Loading Port.

The base price shall be decreased at a rate of USD1.5 per DMT for each 1 % Fe below 61.00 % , pro rata, payable upon SUCOFINDO or SGS Inspection and Report at the Loading Port.

Buyer has the right to reject of Cargo or negotiate to achieve a mutually agreed price Iron Ore of Fe below 60 % .

For others content: No penalty and No bonus for all of the others content under to the contract.

Each delivery of Iron Ore shall meet the following specifications above, determined at the Loading Port in accordance with the applicable ASTM Standards by SUCOFINDO or SGS.

Weight Determination;
The weight of each shipment of Iron Ore shall be determined at the Loading Port by a survey of the vessel' s draft which to be conducted by SUCOFINDO or SGS ( to be nominated by Buyer at seller’ s cost) and together with vessel master or chief. The draft survey figures must be the same weight of Bill of Lading.

The Certificate of Weight provided by SUCOFINDO or SGS shall constitute the basis for the Sellers invoice; Therefore determination of weight will be final and binding at Loading Port.
The cost of such weight Determination shall be for the Seller' s account.

Payment; LC at sight for FOB term. ( for CNF/ CIF payment would be by SBLC after which seller issue 2% PB)

The certificate of weight issued by SUCOFINDO or SGS by scale at loading port as per Clause 8 together with the certificate of analysis of sample and of the percentage of free moisture loss at 105 degree centigrade.

If interested, reply with your full requirement to proceed with accurate quotation.

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