Offer IRON ORE FE:63% MEXICO Fe 63% basis, rejection below 62.0%

Offer  IRON ORE FE:63% MEXICO Fe 63% basis, rejection below 62.0%


We can offer Fe:63% see here below full SCO….
The seller upon receipt of a letter from the buyer on their company note paper confirming receipt of the below SCO. The seller will revert with FCO, and DRAFT CONTRACT, profile of seller’s company, Company Tax registration Certificate, and copy of export license. If the buyer accept and wishes to proceed, let me know, and I’ll provide the name of the seller’s company to which the buyer should address their letter to.

SOFT OFFER TO SELL IRON ORE FE:63%

1.      SELLER PAST B/L COPY FOR BUYER REF ATTACHED
2.      COA TEST DATA SHEET
3.       SELLER WILL NOT ENTERTAIN OTHER PROCEDURE
4.      OVER PRICE NOT ALLOWED

COMMODITY Iron Ore Fines Fe:63%
SPECIFICATION Fe 63% basis, rejection below 62.0% (See attached data sheet for full analysis)
Physical  Composition SIZE Below ½“to fines              5.0%
3“to ½“                               90.0%
Above 3“                             5.0%
ORIGIN: Mexico
LOADING PORT Port of Lazaro Cardenas or Manzanillo, Mexico
TOTAL QUANTITY 2,085.000 MT
MONTHLY SHIPMENT Q’TY First month, 100,000 MT Shipped 50,000 MT from Manzanillo and 50,000 MT from Lazaro Cardenas Port
Second and third month same QUANTITY as in month 1.
Forth to the twelfth  month 195,000 MT. From Manzanillo or Lazaro Cardenas Port
PRICE IDEA $125/MT CIF China main port.
Price is subject to revision/reviewed by the parties after 2nd shipment, whereby both parties may evaluate the pricing formula and must jointly agree on any change.
PACKING Loose in bulk vessel.
SHIPMENT 30-45 days upon acceptance of banking instrument.
INSPECTION SGS at loading to be paid by seller. Buyer's own inspection at yard site or loading is also welcome.
PAYMENT DLC. 98% at sight & 2% after CIQ inspection.
PERFORMANCE BOND Non-Operative 2% PB which will be activated by Buyer’s DLC


PROCEDURE:
1. Buyer sends LOI or ICPO.
2. Seller sends Draft Contract.
3. Both parties agree, sign the contract
4. Seller issues 2% PB (non-operative).
5. Buyer issues DLC from Top World Bank to activate PB.
6. Shipment commences according to shipment schedule.

12-month contract,

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