sir
FULL CORPORATE OFFER
We hereby state and represent that it is our
intent to sell, and we hereby confirm that we are ready, willing and
able to sell 7,200,000 DMT of IRON ORE per year in the quantity and for
the price as specified in the terms and conditions as stated below. This
representation is made with full corporate authority and is valid for 5
days.
GUARANTEED
SPECIFICATION
Commodity:
Iron Ore Fines (Fe content: 64.5% ABOVE)
Country of Origin: Brazil
Port of Loading: Port of
Sepetiba, Tubarao or MPB, Brazil
Port of Destination: CIF SHANGHAI CHINA or CIF
TIANJIN CHINA
Delivery:
600,000 DMT (+/- 10%) of Iron Ore Fine per month
Total Quantity: 7,200,000 DMT (+/- 10%) in 12
monthly x 5 years contract
CHEMICAL (on dry basis)
§ Fe 64.5%+ Rejection below: 63.5%
§ Al2o3 0.45% Rejection
above: 0.50%
§ SiO2 3.0%
Rejection above: 4.0%
§
S 0.03% Rejection above: 0.035%
§ P 0.025% Rejection above: 0.03%
§ K2O 0.020%
§ CaO 0.21%
§ Zinc 0.08%
§ MgO 0.07%
§ Na2O 0.016%
§ TiO2 0.049%
§ Mn 0.09%
§ Sn <0.01%
§ Chronium <0.0005%
PHYSICAL CHARACTERISTICS:
§ Between 0.5m and 10 mm
§ below 0.5 mm: 20% MAX
§ above 10 mm: 5% MAX
MOISTURE:
§ 8% free moisture at
105 degrees centigrade
Price:
The price is US$ 132,00 ( ONE HUNDRED AND THIRTY
TWO DOLLARS) CIF China, per Dry Metric Ton (DMT) based on no less than
64.5% Fe fraction pro rata. This price is to be reviewed every year
staring from the contract commencement date. (The price will be adjusted
by market average level of prices from the biggest Iron Ore supplies in
Australia, Asia and South America, if markets
Over or less 10% the Seller and Buyer shall be
coordinated on base prices.)
Payment:
IRREVOCABLE, CONFIRMED, ONE TIME TRANSFERIBLE,
AUTO REVOLVING AT SIGHT L/C FOR 90% PROVISIONAL PAYMENT AND BALANCE
FINAL PAYMENT
Inspection:
SGS, CCIC and or CIQ or
another internationally recognized mineral inspection and certification
organization to inspect a representative sample of iron ore in each
shipment and to issue a written certificate of weight, chemical
contents, physical size and no radioactivity;
Delivery: First Shipments 600.000 DMT 45/60 days after receive payment
and approved payment and documents.
Guarantee: 2% Performance Bond by Seller.
Destination: CHINA
P R O C E D U R E S
1. Buyer sends his L.O.I. (on Buyer's
Letterhead) with full Banking co-ordinates and target price, dully
signed and sealed to the Seller.
2. Seller sends his Full Corporate Offer
(F.C.O.) to the Buyer.
3. Buyer signs F.C.O. and sends it back to the Seller within its
validity date along with Buyer's B.C.L. (Bank Capacity Letter) on Bank's
Letterhead, authorizing the Seller's Bank for Soft Probe.
4. Seller issues a Draft
Contract and sends it to the Buyer for his approval and signature within
its validity date.
5.
Buyer signs the Draft Contract and returns it to the Seller.
6. Seller issues 06
(six) hardcopies of the Contract, and sends them by courier to the
Buyer, OR VIA E-MAIL.
7.
Buyer signs and seals the 06 (six) copies of the contract, retains 03
(three) copies and returns by courier 03 (three) copies to the Seller.
8. Buyer opens a
non-operative L/C as agreed in the contract to the Seller's Bank.
9. Seller's Bank posts
P.B. (2%) of the L/C value to the Buyer's Bank to activate the L/C.
10. Shipment commences
as agreed in the Firm Offer.
11. At the time of charter party determination
Seller will provide delivery details to the Buyer who in turn will
provide Seller with Port and Discharge details. Seller also provides
arrival of the vessel to be loaded and relevant data of the vessel and
pertinent matters.
We thank you very much for
this quotation opportunity.
Best regards,
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