COMMODITY

Iron Ore Fines - Fe: 63.5% - Rejection below 62.5% - Bulk

ORIGIN

India

QUANTITY TOTAL

3,600,000 MT year 

QUANTITY MONTLHY

50,000MT up to 250,000MT X 12 Months (Extensions) each 45 days, details are specified in contract.

PRICE - CIF ASWP CHINA

USD 65,00MT

PRICE - CFR ASWP CHINA

USD 63,00MT

PRICE - FOB

USD 53,00MT

PORT OF LOADING

Visakhapatnam India - Vizag Port

INSPECTION

S.G.S in Loading Port or similar to certify quantity and quality of shipments by Seller at discharge port and inspection at destination port to be borne by buyer.

PERFORMANCE BOND

2%

PAYMENT

RDLC Non-Transferable: Revolving, Confirmed, Irrevocable, partial shipment allowed, 100% sight, Non-Transferable Documentary Letter of Credit issued by Prime Bank in favor of the Seller in the value of each scheduled monthly delivery quantity.