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E-mail:feltonglobaltrade@msn.com
Regard Henry Felton
we are pleased to confirm that we are Ready,
Willing and Able to supply you with our quality Mexican Iron Ore fines
(fe: 64.5%).
WE ARE
DIRECT TO OUR end-SELLER (MINES).
QUICK SPECIAL OFFER:
MEXICAN IRON ORE FINES FOR ONLY VERY SERIOUS DIRECT BUYERS.
We have 100,000 per
month x 12 months Contract, available.
Special/Bottom Price Offer is USD 73 per MT,
CIF, CHINA, nett.
Product Specifications and Warranties .
3.1 – Product Specifications
Fe 64.5% Rejection below 63%
Al2O3 1.10% Rejection over 3%
SiO2 2.80% Rejection over 4%
S 0.11% Rejection over .3%
P 0.06% Rejection over 0.09%
Mn 0.15 %
Physical Characteristics
Below 0.15mm 30% max.
0-10 mm 90% min.
Above 10mm 10% max.
Moisture 8.00% max. @ 105°C
The above guaranteed
specifications in respect to chemical composition; moisture and physical
composition shall be ascertained in accordance with the applicable ISO
procedures and shall apply to each shipment of IRON ORE.
Shipping Schedule and Nomination of Vessels:
Shipping schedule: Each shipment will be of
100,000 metric tons (+/- 10%) of IRON ORE, limited to the Port
dimensions clause.
Letter of Credit: BUYER shall issue an irrevocable, confirmed "At Sight"
transferable documentary letter of credit "DLC" in favor of SELLER,
Confirmed by any Top 50 World Banks, (preferably, by HSBC, Hong Kong,
Shangai).
Seller issues 2% PBG + POP to activate Buyer's
Non-Operative LC.
After the above, serious Buyer
is most welcomed, if desired, to visit our Mines Operations and Loading
Port.
Delivery Schedule: Seller shall deliver the
commodity on CIF basis. Seller to specify completion of total quantity
and first shipment from date of confirmed L/C in Seller's account.
2% PBG: to be issued AFTER Buyer has issued a
non-operative Letter of Credit. POP given Bank to Bank upon signed Final
Contract for confirmation.
Inspection: SGS inspection at Seller's expense.
Any other internationally recognized inspection company (such as CIQ,
CCIC etc) would be used at buyer's expense, if desired, and would not be
recognized as part of the payment documents.
VERY IMPORTANT NOTES
1. DO NOT issue LOI that is not legible, is not
up-to-date, missing signature/stamp or the buyer's address is not shown.
2. Performance Bond :
Non-operative LC to become operative upon the issuing of Seller's 2% PB.
(THIS IS NON-NEGOTIABLE)
3. P. O. P : Proof of Product to follow Letter of Credit. POP is usually
given Bank-to-Bank upon signed Final Contract for confirmation. POP is
issued AFTER the Buyer's Bank has issued POF (Proof of Fund).
SUMMARY OF WORKING
PROCEDURE:
1. Buyer
issues LOI + BCL
2. Seller issues FCO
3. Buyer accepts the FCO
4. Seller issues Draft Contract
5. Buyer amends
the Draft Contract and returns to seller for amendment and reissue as
final contract
6. Buyer signs Final contract
7. Seller signs Final contract
8. Buyer provides POF through Bank
9. Seller provides POP through Bank
10. Non operative LC by Buyer
11. 2% Operative PBG by Seller
12. Non-operative LC becomes operative
13. Shipment commence as per contract
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