www.chensihong.org
offer
export iron ore fines
Tuesday,Janurary 4,2005 FCO
Ref.
FULL CORPORATE OFFER
We wish to confirm, based on quote from our
suppliers, with full corporate responsibility that we are willing and
able to transact and provide the commodity of Iron Ore 65.4% Fe content
based on the following specifications, terms and conditions. Sales and
Purchases will be conducted based on International procedures.
Commodity: Iron Ore 65.4% Fe
Origin is Brazil
Pricing:
Pricing is based upon prior sale in USD $xxx per MTW CIF/CNF ASWP as
follows:
BRAZILIAN ORIGIN IRON ORE 65.4%
PROCEDURE
1. Buyer Issues
LOI with softprobe OR LOI + BCL in favor of ¡°C,Inc¡±
2. Seller Issues FCO
3.
Buyer accepts FCO signs off and returns to seller
4. Seller issues DRAFT CONTRACT with sufficient
Seller Details and complete Buyer information.
5.
Buyer reviews, signs and seals Draft Contract.
6.
Seller completes the balance of the details, countersigns, emails and
faxes contract to Buyer.
7. Seller sends signed,
original email and or fax contract to Buyer.
8.
Buyer signs, seals original contract and couriers back to seller.
9. Buyer¡¯s Bank issues Pre-Advise text and
format of the LC(s) to the Seller¡¯s Bank for acceptance.
10. Seller¡¯s Bank confirms with Buyer¡¯s Bank
and confirms that both banks are ready to issue LC and Performance Bond.
11. Buyer may request an invitation letter for
site inspection of the goods at the loading port at the Buyer¡¯s
expense.
12. First Shipment is 21-45 days after
the Seller receives at their Bank the Buyer¡¯s Operative Letter of
Credit.
BRAZILIAN IRON ORE 65.4% and PRICING
BRAZILIAN IRON ORE 65.4%FINES
Minimum 150,000 DMT per month Maximum (3 million
DMT per month)
CIF/CNF Price:150,000 DMT ¨C below
500,000 DMT/month - $ 72.00 500,000 DMT (and above )per month - $ 70.50
(ADD $2.00 maximum commission )
SPECIFICATIONS:
Fe: 65.50% Rejection below: 64.50%Al2O3: 0.70% Rejection above:
2.00%SiO2: 3.00% Rejection above: 5.00%S: 0.01% Max: 0.03%P: 0.03% Max:
0.06%K2O: 0.01% CaO: 0.02% MgO: 0.03% Na2O: 0.01% TiO2: 0.08% Mn: 0.15%
Sn: <0.01% Chronium: <0.005% Zinc: <0.005% LOI: 0.08%
PHYSICALCOMPOSITION (on dry basis):SIZE:0.15mm ¨C
3mm 30% min 3mm - 5mm 60% max 5mm -10mm 10% max Moisture:- 8.00% at 105
degrees centigrade
CONTRACT PAYMENT OPTIONS
OPTION Code: 10 - 2:
Transferable/Non-Transferable 10 Months / SLC 2 Months
For shipments of: Iron Ore for CIF, CNF and
shipments.
¡¤ Customer provides a Transferable or
Non-Transferable, Irrevocable, Unconditional, Confirmed, Assignable,
Revolving, Fully Funded Operative Letter of Credit, payable 100% at
sight, for the first ten (10) months of the contract.
¡¤ Customer provides an Irrevocable,
Unconditional, Assignable, Standby letter of credit for the last two (2)
months of the contract. (SLC, WT, BG, MT799, Funds on deposit are in
trust of Seller )
¡¤ Bank or Corresponding Bank
must be Top 50 World Bank payable at the counters of a prime American
Bank.
With this Contract:
¡¤ Should Inspection Documentation be required
(SGS, CCIC or other Agencies) as ¡°Documents required for Payment¡±,
when documents become available, they are presented to the bank for
payment after goods are loaded at the port.
¡¤
Site Visits, Yard or Port Of Loading (when allowed by the supplier)
¡¤ The Performance Bond is activated within 72
hours (3 business days) of the receipt of the Operative and the Standby
Letter of Credit. The Seller will issue the Bond naming the buyer as the
beneficiary.
OPTION Code: 12 x T: Transferable 12
Months
For shipments of: Iron Ore for CIF, CNF
and shipments.
¡¤ Customer provides a
Transferable, Irrevocable, Unconditional, Confirmed, Assignable,
Revolving, Fully Funded Operative Letter of Credit, payable 100% at
sight for the duration of the contract.
¡¤ Bank
or Corresponding Bank must be Top 50 World Bank payable at the counters
of a prime American Bank.
With this Contract:
¡¤ Should Inspection Documentation be required
(SGS, CCIC or other Agencies) as ¡°Documents required for Payment¡±,
when documents become available, they are presented to the bank for
payment after goods are loaded at the port.
¡¤
Site Visits, Yard or Port Of Loading (when allowed by the supplier)
¡¤ The Performance Bond is activated within 72
hours (3 business days) of the receipt of the Operative Letter of
Credit. The Seller will issue the Bond naming the buyer as the
beneficiary.
OPTION Code: 2 x 2: Two Operating
Transferable/Non-Transferable LC¡¯S and SLC for Last 2 Months
For shipments of: Iron Ore for CIF, CNF and
shipments.
¡¤ Customer provides a Transferable,
or Non-Transferable, Irrevocable, Unconditional, Confirmed, Assignable,
Revolving, Fully Funded Operative Letter of Credit, payable 100% at
sight.
¡¤ In the first month of the contract, the
initial Operative Letter of Credit (OLC) is issued, then 2 weeks prior
to the first ship sailing the second OLC is issued, the balance of the
Letters of Credit automatically renew every 30 days from the 2nd LC for
the balance of the contract.
¡¤ Customer provides
an Irrevocable Unconditional Standby letter of credit (WT, BG or MT799)
for the last two (2) months of the contract. (SLC, WT, BG, MT799, Funds
on deposit are in trust of Seller )
¡¤ The
Operative Renewable LC is issued at the same time as the SLC, WT, BG, or
MT799.
¡¤ Bank or Corresponding Bank must be Top
50 World Bank payable at the counters of a prime American Bank.
¡¤ The standby Letter of Credit (SLC, WT, BG,
MT799) equals the last two months of the contract. The LC is issued to
the seller and held in trust by Seller for the period of the contract.
With this Contract:
¡¤
Should Inspection Documentation be required (SGS, CCIC or other
Agencies) as ¡°Documents required for Payment¡±, when documents become
available, they are presented to the bank for payment after goods are
loaded at the port.
¡¤ Site Visits, Yard or Port
Of Loading (when allowed by the supplier)
¡¤ The
Performance Bond is activated within 72 hours (3 business days) of the
receipt of the Operative and the Standby Letter of Credit. The Seller
will issue the Bond naming the buyer as the beneficiary.
OPTION Code: SBL - 6: SLC; Bank Guarantee; WT;
TT; MT799; Transferable (Non Documentary).
For
shipments of: Iron Ore for CIF, CNF and shipments.
This program was originally designed for Urea
customers, as prime American Banks will not accept documentary LC¡¯s
with Urea as part of the content. The Surety Bond also works well with
the other commodity programs when guarantee or cash instruments are
used..
¡¤ Customer provides a SLC; Bank
Guarantee; WT; TT; MT799; or a Transferable Irrevocable Unconditional,
Assignable, Confirmed, Fully Funded LC, payable 100% at sight, with the
documentary requirements included with the 110% Surety Bond.
¡¤ The 110% Surety Bond is provided by Seller
from prime American bank. The bond is activated within 72 hours, (3
banking days) of the receipt of an active LC. The bond is in force until
the Port of Discharge, instead of Port of Loading.
¡¤ Bank or Corresponding Bank must be Top 50
World Bank payable at the counters of a prime American Bank
With this Contract:
¡¤
Should Inspection Documentation be required (SGS, CCIC or other
Agencies) as ¡°Documents required for Payment¡±, when documents become
available, they are presented to the bank for payment after goods are
loaded at the port.
¡¤ Site Visits, Yard or Port
Of Loading (when allowed by the supplier)
¡¤ The
Performance Bond is activated within 72 hours (3 business days) of the
receipt of the Operative and the Standby Letter of Credit. The Seller
will issue the Bond naming the buyer as the beneficiary.
SURETY BOND PROCEDURES (ANY COMMODITY):
1. The contract is completed with SELLER
2. The buyer issues an SLC, Bank Guarantee, TT,
Wire Transfer, Transferable Irrevocable Unconditional, Assignable,
Confirmed, Fully Funded LC to Seller with the verbiage under the
comments section: This SLC is for the benefit of ¡°ABC Company¡± for
¡°Contract Number 999999¡± of Seller. The financial instrument must be
confirmed and issued from a Top 25 World Bank.
3.
Upon receipt of the negotiable financial instrument from the Buyer,
Seller will issue the Surety Bond, for 110%, of the value of each
shipment in the contract. The bond will include the terms and conditions
of the Seller ¡°contract, number 999999¡± including all documents and
conditions required for payment, the same as it would be in a
Documentary Letter of Credit.
4. The Surety Bond
includes a copy of the contract; it will be issued within 72 hours (3
business days) of the receipt of the revolving Letter of Credit for each
shipment of the contract. The SB expires upon confirmation from the
shipping line that the commodity is received at the Port of Discharge.
If confirmation is not received, the bond will automatically cancel
after the balance of shipments left in the contract + 3 months from the
date of issue.
5. Upon receipt of the negotiable
financial instrument, and issuing the Surety Bond for 110%, there is no
need for Sellerto issue a 2% Performance Bond.
Date Issued: Date must be less than 5 days old
LETTER OF INTENT
TO :
C,Inc.
FROM : (Buyer¡¯s Name goes here)
We, (Buyer¡¯s Name goes here), hereby state and
represent that it is our intention to purchase, and we hereby confirm
that we are ready, willing and able to purchase the following commodity
as per the specification and in the quantity and for the price as
specified in the terms and conditions as stated below.
COMMODITY: Iron Ore
ORIGIN
: Brazil
PACKAGING: Bulk
CHEMICAL COMPOSITION: Fe 65.5% Rejection below
64.5%
SiO2 3.00 % 5.0% MAX
AL2O3 0.70% 2.0% MAX
Phos
0.03% 0.06% MAX
Sulphur 0.01% 0 .03% MAX
K2O 0.01%
CaO 0.02%
MgO 0.03%
Na2O 0.01%
TiO2 0.08%
Mn 0.15%
Sn < 0.01%
Chronium <
0.005%
Zinc < 0.005%
LOI
0.08%
Moisture 8.0% MAX (Loss at 105 degree)
Physical size:
0.15 mm - 3
mm 30% min
3 mm - 5 mm 60% max
5 mm - 10 mm 10% max
MONTHLY QUANTITY: (insert monthly requirement
here) DMT / Shipment / Month
CONTRACT LENGTH : 12
Months
LOADING PORT : As per supplier
DESTINATION PORT : (insert port of delivery here)
PRICE : (Should be Invoice Price to Buyer)
PRICE REVISION : Yearly
SHIPPING TERMS : CIF
FIRST
SHIPMENT : will ARRIVE within 75 Days after receipt and acceptance of
LC. Balance as per final contract.
INSPECTION :
Quality, Quantity and weight by SGS certified agencies at Sellers cost
at port of loading.
PAYMENT OPTION CODE : (
select one code : 10-2 / 12 X T / 2 X 2 / SBL-6 )
Performance Bond : 2% to be submitted by seller
LOI VALIDITY : 14 days from the date of issuance
The Buyer accepts the Following Procedure of
closing deal:
1. Buyer Issues LOI with softprobe
OR LOI + BCL.
2. Seller Issues FCO
3. Buyer accepts FCO signs off and returns to
seller
4. Seller issues DRAFT CONTRACT with
sufficient Seller Details and complete Buyer information.
5. Buyer reviews, signs and seals Draft Contract.
6. Seller completes the balance of the details,
countersigns, emails and faxes contract to Buyer.
7. Seller sends signed, original email and or fax
contract to Buyer.
8. Buyer signs, seals original
contract and couriers back to seller.
9. Buyer¡¯s
Bank issues Pre-Advise text and format of the LC(s) to the Seller¡¯s
Bank for acceptance.
10. Seller¡¯s Bank confirms
with Buyer¡¯s Bank and confirms that both banks are ready to issue LC
and Performance Bond.
11. Buyer may request an
invitation letter for site inspection of the goods at the loading port
at the Buyer¡¯s expense.
12. First Shipment is
21-45 days after the Seller receives at their Bank the Buyer¡¯s
Operative Letter of Credit.
The Buyer is aware
that this LOI is being issued on (insert the actual date of the LOI
here) to Cenitech,Inc, to be presented to the Seller.
This LOI is the only current active LOI and has
been exclusively offered to Cenitech,Inc. for the release of the FCO /
Draft Contract. It takes precedence over any other LOI currently in
circulation for this quantity and product.
The
Buyer is of the understanding that any and all offers and/or contracts
are subject to successful Seller verification of funds and that said
Seller thus has written permission to conduct a soft probe of the Buyer
's account.
BANKING DETAILS
Company Name:
Company
Address:
Contact Person:
Telephone:
Fax:
Email:
Company Bank:
(Should be Top 25 World Bank)
Bank Address:
Bank Complete Telephone Number:
Bank Complete Fax Number:
Bank SWIFT/ABA/Routing Number:
Bank Account Number:
Bank
Account Holder:
Sincerely Yours,
(DOCUMENT MUST BE SEALED AND SIGNED
BY BUYER REPRESENTATIVE)
www.chensihong.org
chensihong@cableplus.com.cn
chensihong@chensihong.org
FAX:oo86-21-56069484/62769182/56943847/62765692
offer brasil brazil brazilian iron ore fines
Fe65.5% =64.5%
offer brasil brazil brazilian iron
ore fines Fe65.5% =64.5%
offer
