Description
Iron Ore *3.5% | Fe *3.5% Iron Ore | Iron Ore *3.5% | Iron
Ore Suppliers | Iron Ore Exporters | Iron Ore Traders | Iron Ore
Producers | High Quality Iron Ore | Fe *5% Ore | Hematite Iron Ore
| High Grade Iron Ore | Iron Ore Rock | Iron Ore Mineral | Fe *5
Ore | Non-Concentrate Fe Iron Ore | Iron Ore Lumps | Bulk Iron Ore
Fines | Iron Ore Powder | Magnetite Iron Ore | IR Seller | Export
Quality Iron Ore | Buy Iron Ore | Iron Ore Buyers | Iron Ore
Importers | Import Iron Ore | Iron Ore Price
GRADE: *4.5% Fe with *3% rejection
LOADING PORT: Brazilian Any port
CONTRACT LENGTH: *2 months, renewable each Year
PACKING: Loose Bulk in vessel
DESTINATION PORT: China Main port
SHIPPING PORT: Brazilian Any port
PAYMENT TERMS Letter of credit, Irrevocable, Revolving, Not-
Transferable, Documentary, due **0% at sight for each shipment,
confirmed in Top bank *5
PROCEDURES:
1. BUYER ISSUES THE ICPO/LOI WITH BANKING COORDINATES AND
AUTHORIZATION FOR SOFT PROBE NCNDA-IMFPA
2. SELLER ACCEPTS/REJECTS AFTER INITIAL DUE DILLIGENCE. LETTER OF
INTENT
3. UPON ACCEPTANCE OF THE ICPO, SELLER ISSUES FCO TO BUYER.
4. BUYER SIGNS FCO AND RETURNS TO SELLER
5. SELLER ISSUES DRAFT CONTRACT FOR BUYER TO REVIEW AND SIGN, BUYER
WILL RETURN TO SELLER FOR SELLER SIGNATURE.
(ELECTRONICALLY SIGNED COPIES OF THE CONTRACT ARE ACCEPTABLE).
6. CONTRACTS ARE LODGED WITH RESPECTIVE BANKS.
7. BUYER ISSUES TEXT OF THE FINANCIAL INSTRUMENT(S) TO THESELLER
FOR REVIEW AND APPROVAL. UPON APPROVAL BY THESELLER, THE
BUYER
