BRAZILIAN IRON ORE June - July 2008
CONTRACT PRICING FOB FOB
FOB CIF
4 MONTH SFP
PROGRAM 64.50% 63.50% 62.50% PLUS
150,000MT x 60
92.00 90.00 88.00 Actual
600,000MT x 60 90.00
88.00 86.00 Freight
1,050,000MT x 60 88.00 86.00
84.00
2,100,000MT x 60 86.00 84.00 82.00
3,000,000MT x 60 85.00 83.00 81.00
5,000,000MT x 60 83.00 81.00 79.00
6 MONTH SFP PROGRAM
150,000MT x 60 91.00 89.00 87.00
600,000MT x 60
89.00 87.00 85.00
1,050,000MT x 60 87.00 85.00
83.00
2,100,000MT x 60 85.00 83.00 81.00
3,000,000MT x 60 84.00 82.00 80.00
5,000,000MT x 60 82.00 80.00 78.00
8 MONTH SFP PROGRAM
150,000MT x 60 90.00 88.00 86.00
600,000MT x 60
88.00 86.00 84.00
1,050,000MT x 60 86.00 84.00
82.00
2,100,000MT x 60 84.00 82.00 80.00
3,000,000MT x 60 83.00 81.00 79.00
5,000,000MT x 60 81.00 79.00 77.00
12 MONTH SFP
PROGRAM
150,000MT x 60 88.00 86.00 84.00
600,000MT x 60 86.00 84.00 82.00
1,050,000MT x 60 84.00 82.00 80.00
2,100,000MT x 60 82.00 80.00 78.00
3,000,000MT x 60 81.00 79.00 77.00
5,000,000MT x 60 79.00 77.00 75.00
Pricing is Net -
Buyer’s
Bank Should be Top 25 World Bank - Western European Branch Preference is
Credit Suisse, Royal Bank of Scotland, Deutsche, Barclays (Geneva
Branches) - or Buyer’s Corresponding Bank.
-
Terms Of Payment :
The Total Amount of 4 Months
Minimum by BG/SBLC And the Balance of 8 Months by TT After 72 hours When
Arrives on Destination Port Or We are Open to Customer’s Suggestions on
Anything After the Deposit issue, of Which there is No Negotiation in
that Respect.
- LOI & BCL in our Seller Format
Only.
Note: Brokers are
welcome but must step aside after receiving and acceptable NCND or other
appropriate agreement. Contracts are only issued to the end buyer
issuing the LFI or MT760. A complete company background, bank acceptance
of the method of payment and bank confirmation that they will proceed
with the contract of this sized is required before commencing with the
contract or final negotiations. End buyer is invited to meet the seller,
visit the mine, port or other requirements needed, after the contract is
signed and the LFI is received in our bank.
Footnote
All LOI’s
submitted for the purchase OF ANY COMMODITY must contain all information
requested above. If the LOI is not Fresh and does not contain complete
information, we will not process this LOI or Issue the Contract. These
requirements are in place to ensure that this inquiry has the greatest
chance to lead to the successful completion of the contract, and the
efforts of those involved compensated.
SOFT PROBE AUTHORIZATION:
The Buyer understands that any offer or contract
is subject to the successful seller verification of the availability of
funds for this contract. We (the Buyer) hereby give our written
authorization and permission for the Seller or his agent to conduct a
Soft Probe of the Buyer’s Bank Account provided, to verify the
availability of the funds for this transaction.
INSPECTION:
Inspections will be performed by
SGS, (CCIC or Buyer accepted equivalent – subject to availability)
International Inspection Agency.
PERFORMANCE
BOND and POP:
The Seller will provide a
Performance Bond and POP (Proof of Product), providing all the
documentation stipulated in the contract. The Bond is activated within
15-25 Banking Days after receiving the operative LFI in the Sellers
Bank.
EXCLUSIVE LOI:
This LOI is the only current active LOI and has been exclusively offered
to XXXXXX for the release of their Draft Contract. This LOI voids any
and all other LOI’s currently in circulation for the above quantity and
commodity.
CONFIRMATION FROM BUYERS BANK (See
Payment Options Below):
The Buyer chooses the
LFI or Method of Payment best suited for them. The Buyer must provide
written confirmation from his bank that they the funds are available
under the chosen Method of Payment and the Bank is prepared to proceed
with the contract under the Buyer’s chosen Method of Payment. The
Buyer’s Bank should choose the format closest to their format, correct
and submit to XXXX for acceptance.
SPECIFICATIONS – BRAZILIAN ORE FINES 64.5%:
BRAZILIAN ISRI IRON ORE FINES 64.5%. Typically,
100% Iron Ore Fines to delivered shall be sized between 0.15 MM is 90%
Min and 10.30 MM is 10% on a proper Aperture Screening on a natural
basis at the first transfer point. The goods will be totally free from
any types of radiation, bombs, arms and ammunition, mines, shell,
cartridges, sealed containers, gas cylinders, explosive shells or
explosive materials in any form either used or otherwise.
Fe: 64.50% Rejection below: 63.00%
Al2O3: 2.00% Rejection above: 2.00%
SiO2: 3.00% Rejection above: 5.00%
S: 0.07% Max: 0.08%
P:
0.05% Max: 0.08%
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%
Physical characteristics:-
0.15mm – 3mm 30% min
3mm
- 5mm 60% max
5mm - 10mm 10% max
Moisture:-
8.00% at 105
degrees centigrade
The
Iron Ore after being crushed is washed to eliminate all impurities and
dust of iron that normally is gold and silver and it will go in dryers
to reach normally DMT, (Dry Metric Ton of iron Ore in wet basis), it
will be dry but inside still wet.
WMT: is the Natural Wet state of the Iron ore,
and it is sold in natural way crushed in Sinter feed without being
washed.
_______________SELLER No2/ {M.I.} __________
BRAZILIAN IRON ORE
FINES:
- QUANTITY:
1,000,000-MT X 12 MONTHS FOR 64.50% WITH REJECTION BELOW 63%
THE PRICE WILL BE MINIMUM US$-169 PER MT-CIF
CHINA, NET.
BROKER'S COMMISSION TO BE ADDED.
BRAZIL ACCEPTS PAYMENT ONLY BY BANK GUARANTEE:
1) - TERMS OF PAYMENT: IRREVOCABLE
TRANSFERABLE,DIVISIBLE CONFIRMED
a) BG-103/23 OR
b) STANDBY L/C-MT-760 ANF FINALLY
c) THE TWO MONTHS BG AND FULLY FUNDED L/C FOR 3
MONTHS AUTOMATICALLY REVOLVING.
OUR NEW PROCEDURES ARE ADOPTED FROM 15TH MARCH
2008
1. AFTER THE
QUANTITY, PRICE AND PAYMENT TERMS ARE FINALIZED BETWEEN THE BUYER AND
THE SELLER, BUYER ISSUES BANK ENDORSED ICPO.
2.
SELLER ISSUES FCO ( FULL CORPORATE OFFER )
3.
BUYER SIGNS, SEALS AND RETURNS THE FCO, WITHOUT ANY CHANGE / ALTERATION.
4. SELLER ISSUES A DRAFT CONTRACT FOR THE
BUYER'S REVIEW, APPROVAL AND SIGNATURES WITH HARD COPIES OF THE SAME TO
FOLLOW BY COURIER; (THIS IS AN ADMINISTRATIVE FORMALITY)
5. BUYER SIGNS, SEALS AND AFFIX HIS PHOTOGRAPH
IN THE CONTRACT AND HAVE HIS SIGNATURES DULY NOTARISED, SIGNED AND
SEALED BY THE INDIAN EMBASSY OR THE CONSULATE OR THE TRADE COMMISSIONER
IN THE BUYER'S COUNTRY;
6. SELLER’S INVOICING
AGENTS CUM L/C BENEFICIARY SEND TO BUYER, THE TEXT OF THE NON-OPERATIVE
BG OR STANDBY L/C MT-760, WITHIN 2 WORKING DAYS, FROM THE DATE OF
SENDING THE CONTRACT HARD COPIES, FOR SIGNATURE AND SEAL OF THE BUYER;
7. WITHIN 24 HOURS, BUYER RETURNS THE SAME TO
THE INVOICING AGENTS,WITH COPY TO THE SELLERS, DULY SIGNED AND SEALED,
FOR OPENING THE NON-OPERATIVE L/C;
8. SELLER
AND/OR THE INVOICING/AGENTS WILL PROVIDE PROOF OF PRODUCT (POP) ON A
BANK TO BANK BASIS, THROUGH "SWIFT" OR (KTT) PROCESS, OR A CHAMBER OF
COMMERCE CERTIFICATE;
9. SELLER’S INVOICING
AGENTS CUM L/C BENEFICIARY PROVIDES 2% PERFORMANCE GUARANTEE BOND OF THE
L/C VALUE, OR TRADE PROTECTION COVER FOR THE 100% L/C VALUE, WHICH WILL
DULY ACTIVATE THE BUYER'S LETTER OF CREDIT.
10.
SHIPMENT COMMENCES AS PER CONTRACT.
SPECIAL NOTE:
TOTAL DEAL
MUST BE COMPLETED WITHIN A WEEK’S TIME !!!!!!!!!
PROCEDURES
1. Buyer will issue LOI full banking with
permission to make soft probe.
2. Seller will
issue the Full Corporate Offer (FCO) for Buyer's acceptance.
3. Buyer review accepts, sign, seal and return
the Full Corporate Offer and send back to Seller.
4. The Buyer issues R.W.A with a validity of
Seven (7) days and including a letter issued by the buyer’s bank showing
that the buyer has the financial capability to purchase the CEMENT #42,5
R & N mentioned herein.
5. Upon receiving
documents mentioned above Seller will issue and provide signed and
sealed draft contract for the Buyer’s review and acceptance.
6. Buyer review accepts sign. Stamp and return
the Draft contract to Seller.
7. Seller issue
within 5-7 international banking days the POF for POP.
8. After receiving the Draft contracts the
Seller will send four (4) original contracts to the Buyer.
9. After 5-7 international banking days Buyer’s
bank issue the confirmed, irrevocable, Transferable, Standby Letter of
Credit’s to the Seller’s (-------------) Bank. Seller’s Bank will give
2% performance bond for activating L/C’s.
10.
Delivery commences as per contract,
11. Validity
for length of contract.
_________________________________________
The above offers are Some from our Available
Sellers and Offers.
Ask…..but Only if you are
Ready, Serious, and Reliable Buyer or Agent.
Not
Timewasters & Crooks.
Not Genius like POP, Past
Documents, etc, in advance.
Not Photos, Samples,
etc. The really buyers knows that the Quality / Quantity / etc, checked
by SGS.
The Contracts refer by SGS and Not like
the Sample or Photos.
If
you have requests for the newsletter you can send us .. we check if your
request will be in the next newsletter
If you are seller or seller's mandate please
note that we like to receive your competitive offers as we are honoring
such offers (after verification) by placing them into the newsletter. So
you can reach much more people than you have reached before. This offer
is only for verified sellers and their mandates.
________________________________________
If you have questions or requests, you are
always welcome in our group. Please contact us by email
We appreciate your business and understanding
and look to complete many transactions with you and your company.
Best Regards,
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