Re: in charge iron ore procurement from orissa,ind

	/IRON ORE NEWSPAPE
	бб	Posted By: /	Post Response --- Flag message: Spam - Miscategorized - Scam
	бб	Date: Thu Feb 17 01:00:00 2005
*In Response To: Re: LOI Template for brasilian brazilian iron ore*

chensihong@cableplus.com.cn

chensihong@chensihong.org

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(International Sourcing and Trading Network)
Deals in HMS, Used Rail, Cement, Iron Ore, Steel Billets, Fertilizers, Sugar, Wheat, Rice, Crude Oil, etc..
http://www.chensihong.com

PRICE BULLETIN
16th Feb-28th Feb, 2005

Dear friends,

Our new price bulletin is in your hands. Thank you very much for appreciating our previous bulletin and sending a lot of business inquiries and LOIs. As the volume of inquiries and deals was too big, we were forced to restructure our group to handle them. We apologize that we could not reply to hundreds of inquiries, yet, but our staff is busy in replying to the outstanding inquirers.

We are also expanding our network through franchised partnership so that we could be able to serve you in a better way. During last fortnight, we received 7 applications and two of them were approved. We welcome well experienced business professionals to join us and we are ready to share great business opportunities with you. We require experienced partners throughout the world, especially from China, India, USA, Germany, Australia, Thailand, Japan. In big countries, we require partners in all states/provinces. Please visit http://www.chensihong.com for more detail and terms and conditions.

Thank you very much again for your trust in World Source Group.

Sincerely,

GENERAL TERMS & CONDITIONS

Х ALL PRICES ARE IN US DOLLARS.
Х ALL PRICES ARE NET TO YOU. PLEASE ADD REASONABLE COMMISSION, IF REQUIRED.
Х PAYMENT THROUGH IRREVOCABLE, CONFIRMED, TRANSFERABLE, REVOLVING LC 100% AT SIGHT.
Х NO PREVIOUS REFERENCES (CLIENTТS OR YARD/PLANT INFO, AQSIQ NUMBER, etc); NO POP (SGS, BL, etc) WILL BE PROVIDED PRIOR TO SIGNING FINAL CONTRACT. POP COULD BE EXCHANGED BANK TO BANK.
Х THESE PRICES MAY KINDLY BE CONSIDERED AS SOFT QUOTATIONS. PRICES WOULD BE LOCKED AFTER SIGNING THE FCO/CONTRACT BY BOTH THE SELLER AND BUYER.
Х PERFORMANCE BOND 2%. ONLY. PLEASE DO NOT INSIST ON HIGHER PB.

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FERROUS SCRAP ( SELLERS)

We are dealing with 9 different suppliers and most of them do not offer a price list but they offer on case to case basis. We can work on almost any reasonable target price with normal terms and conditions. Here are the current price offers from five of our most reliable and validated suppliers:

SELLER No. 1

This seller has capability to supply 12 x 30,000 MT to 12 x 300,000 MT on annual contract basis from 1 year to 2 years. This seller is registered and certified by AQSIQ for supplies to China.

QUANTITY HMS 1&2 HMS1 (100%) USED RAIL
30,000 X 12 months $190.00 $198.00 $204.00
60,000 X 12 months $187.00 $195.00 $200.00
90,000 X 12 months $185.00 $193.00 $197.00
120,000 X 12 months $183.00 $191.00 $194.00
150,000 X 12 months $181.00 $189.00 $191.00
200,000 X 12 months $179.00 $187.00 $188.00

TERMS & CONDITIONS:
Prices are CIF ASWP
Prices are net basis. No commission is included.
Payment: Irrevocable, confirmed, Transferable, Revolving Letter of Credit and RLC to be confirmed by a seller designated Bank i.e. L/c advising Bank.
Non-Transferable Revolving Letter of Credit would be accepted from the End Buyers without any extra charges.
Performance Bond: 2% of LC value through Bank.
Inspection: SGS at seller's cost at port of loading.
IMPORTANT: LOI + BCL together required to get draft contract from the seller.

SELLER No. 2

1. Price List (Annual Contract)

HMS 1&2 (ISRI 200-206)

QUANTITY HMS 1&2 HMS1 (100%) USED RAIL
30,000 X 12 months $190.00 $199.00 $199.00
60,000 X 12 months $186.00 $196.00 $196.00
100,000 X 12 months $181.00 $193.00 $193.00
120,000 X 12 months $179.00 $192.00 $192.00
150,000 X 12 months $178.00 $191.00 $191.00
200,000 X 12 months $177.00 $189.00 $189.00
250,000 X 12 months $176.00 $188.00 $188.00
300,000 X 12 months $175.00 $186.00 $186.00

2. PROCEDURE AND TERMS:

1. Buyer sends fresh LOI in the name of WORLD SOURCE GROUP with fresh BCL, or at least with complete banking coordinate and permission of a soft probe.

2. Seller issues draft contract.

3. The buyer must provide all information required in the contract and sign the contract and send it back. The Seller will sign the contract and will send back to the buyer via email with hard copy documents via courier service.

5. Seller will provide 2% Performance Bond of the contract/ LC value (as stipulated in clause 5 & 6) to the buyer within 7 (seven) working days from receipt of the Non Operative L/C from buyer, and the said 2% Performance Bond in favour of buyer makes the non operative L/C active automatically.

8. The First shipment will commence no later than 45 (forty-five) days from date issued of the operative Letter of Credit with expected arrival. The remaining consignments will be shipped in each 30 (thirty) day.

9. Payment for each consignment shall be effected within 3 (three) banking days after receipt by the Sellers Bank of all documents required for payment.

SPECIAL ARRANGEMENTS:

1. Buyer will need to issue a Bank Readiness Letter according to the format and text provided by seller. Once this is issued, the buyer will be provided with a site visit and bank-to-bank POP. AQSIQ certificate will be available for viewing during the site visit.

2. Upon returning from site visit, buyer will have 3 banking days to open the non-operative LC according to the contract in favour of the supplier. Supplier will then issue operative 2% PB to activate the LC. Delivery will commence within 30-45 days.

PAYMENT TERMS:

1. Transferable, Confirmed and Revolving LC.

2. Bank Guarantee

ORIGIN OF SCRAP:

Eastern Europe and Central Europe

COMMISSION:

Maximum commission add-on allowed US$3.00 (Negotiable in special cases)

SELLER No. 3

IMMEDIATE AVAILABILITY

Ref. FL
Product: USED RAILS - R 50 - R 65
Quantity: 100,000 x 12 month
Price: US $ 197/MT CIF ASWP

Ref. CL
Product: USED RAILS - R 50 - R 65 - Cut 1.5 meter
Quantity: 60,000 x 12 Months
Price: US $ 205/MT - CIF ASWP

Ref. CL
Product: HMS 1/ 2 - 80:20 - ISRI 200 - 206
Quantity: 30.000 x 12 months
Price: US $ 195/MT - CIF ASWP

Ref. GE
Product: HMS 1/ 2 - 80:20 - ISRI 200 - 206
Quantity: 30.000 x 12 months
Price: US $ 198/MT - CIF INDIA

Ref. GE
Product: USED RAILS - R 50 - R 65 - Cut 1.5 meter
Quantity: 30.000 x 12 months
Price: US $ 208/MT - CIF INDIA

Ref. EUL
Product: USED RAILS - R 50 - R 65 - Cut 1.5 meter
Quantity: 30.000 X 12 months
Price: US $ 203/MT - CIF CHINA

OTHER TERMS & CONDITIONS:
1- Commissions US$ 0.50 TO US$ 1.00, already included in the above mentioned price. NO KICKBACKS. The
indicated prices cannot be increased as quantity, price and commissions already confirmed.
2- No Yard visit , but inspection at loading port by a Buyer Representative and SGS inspection.
3- No problem with certificate for CIF CHINA
4- Payment 100% LC at sight , confirmed , irrevocable, transferable, revolving. FOR NON TRANSFERABLE L/C,
PLEASE ADD US $ 7.00/MT
5- ORIGIN: EUROPE

Standard Procedures :
1.. After the contract signing the Buyer opens the Non operative LC.
2.. The Seller bank checks the Buyer's proof of funds and releases to the Buyer's bank the POP
(Certification of ownership) .
3.. Then the Sellers opens the PB , to activate the LC.

SELLER No. 4

Payment Types Contract HMS1/2 80:20 HMS1 (100%) Rail R50/R65 Origin
TRANSFERABLE DLC 30,000MT x 12 187 197 197 SA, RU, RO, UK, CE, CIS
60,000MT x 12 185 195 195 SA, RU, RO, UK, CE, CIS
90,000MT x 12 183 193 193 SA, RU, RO, UK, CE, CIS
120,000MT x 12 181 191 191 SA, RU, RO, UK, CE, CIS
150,000MT x 12 179 189 189 SA, RU, RO, UK, CE, CIS
250,000MT x 12 177 187 187 SA, RU, RO, UK, CE, CIS
500,000MT x 12 174 184 184 SA, RU, RO, UK, CE, CIS

4 MONTH FULLY
FUNDED PROGRAM 30,000MT x 12 183 193 193 SA, RU, RO, UK, CE, CIS
60,000MT x 12 181 191 191 SA, RU, RO, UK, CE, CIS
90,000MT x 12 179 189 189 SA, RU, RO, UK, CE, CIS
120,000MT x 12 177 187 187 SA, RU, RO, UK, CE, CIS
150,000MT x 12 175 185 185 SA, RU, RO, UK, CE, CIS
250,000MT x 12 173 183 183 SA, RU, RO, UK, CE, CIS
500,000MT x 12 170 180 180 SA, RU, RO, UK, CE, CIS

6 MONTH FULLY
FUNDED PROGRAM 30,000MT x 12 181 191 191 SA, RU, RO, UK, CE, CIS
60,000MT x 12 179 189 189 SA, RU, RO, UK, CE, CIS
90,000MT x 12 177 187 187 SA, RU, RO, UK, CE, CIS
120,000MT x 12 175 185 185 SA, RU, RO, UK, CE, CIS
150,000MT x 12 173 183 183 SA, RU, RO, UK, CE, CIS
250,000MT x 12 171 181 181 SA, RU, RO, UK, CE, CIS
500,000MT x 12 168 178 178 SA, RU, RO, UK, CE, CIS

8 MONTH FULLY
FUNDED PROGRAM 30,000MT x 12 179 189 189 SA, RU, RO, UK, CE, CIS
60,000MT x 12 177 187 187 SA, RU, RO, UK, CE, CIS
90,000MT x 12 175 185 185 SA, RU, RO, UK, CE, CIS
120,000MT x 12 173 183 183 SA, RU, RO, UK, CE, CIS
150,000MT x 12 171 181 181 SA, RU, RO, UK, CE, CIS
250,000MT x 12 169 179 179 SA, RU, RO, UK, CE, CIS
500,000MT x 12 166 176 176 SA, RU, RO, UK, CE, CIS

12 MONTH FULLY
FUNDED PROGRAM 30,000MT x 12 175 185 185 SA, RU, RO, UK, CE, CIS
60,000MT x 12 173 183 183 SA, RU, RO, UK, CE, CIS
90,000MT x 12 171 181 181 SA, RU, RO, UK, CE, CIS
120,000MT x 12 169 179 179 SA, RU, RO, UK, CE, CIS
150,000MT x 12 167 177 177 SA, RU, RO, UK, CE, CIS
250,000MT x 12 165 175 175 SA, RU, RO, UK, CE, CIS
500,000MT x 12 162 172 172 SA, RU, RO, UK, CE, CIS

For Payment Terms & Conditions Please contact to Mr. Arshan Babar at arshan@iworldsource.com

SELLER No. 5

Quantity HMS 1/2
30,000 x 12 $ 202 CNF Asia Main Port
100,000 x 12 $ 198 CNF Asia Main Port

If shipment is for china then the price will increase by another $3.
LOI+BCL is required
Payment by confirmed transferable revolving L/C.
If payment is by non - transferable L/C. The price will increase by $5.
PB will come after bank letter of readiness, before non operative LC.

SELLER No. 6

Quantity HMS 1 (100%)
30,000 x 12 US$ 205

LOI+BCL is required to initiate an order.

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IRON ORE:

The Iron Ore market is uncertain nowadays. Please contact Mr. Adil Abubakr (chensihong@cableplus.com.cn) for updated info.

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SUGAR ICUMSA 45 RBU:

Origin: Brazil,Brasil,Bresil,Brazilian,Brasilian,Bresilian/Central America; SellerТs Choice

CIF ASWP SBLC
Covering Entire contract value CIF ASWP FFDLC
Covering Entire contract value
Quantity(MT) Price US$ Price US$
12,500 175 195
25,000 170 190
50,000 165 185
100,000 155 175
200,000 & above 140 165
400,000 & above 136 160
700,000 & above 128 155
1,000,000 & above 127 135
2,000,000 & above 125 133
4,000,000 & above 123 130
6,000,000 & above 120 127
8,000,000 & above 118 125
10,000,000 & above 116 123

SPECIFICATIONS:

Polarization: 99.8% Mэn.
Ash Content: 0.04% Max.
Moisture: 0.04% Max.
Solubility: 100% free flowing.
Color: Sparkling White
Granulation: Fine/medium/standard.
Radiation: Normal
Inspection: SGS or equal
Min. Order: 12.500 MT
Packaging: 50Kg. PP Bags
Terms of Delivery: CIF/CFR ASWP
Payment: FFDLC

PLEASE NOTE:

REVOLVING L/C PRICE WILL BE HIGHER
POP IS ONLY PROVIDED AGAINST PROOF OF FUNDS
PAYMENT IS NEVER ALLOWED AT DISCHARGE PORT (MUST BE AT LOADING PORT)
WE DO NOT PROVIDE SAMPLES
WE CAN ONLY ACCEPT TRANSFERABLE LC, NOT NON-TRANSFERABLE
WE DO NOT SHOW PAST BILLS OF LADING OR SGS REPORTS.
WE DO NOT OFFER PERFORMANCE BONDS HIGHER THAN 2%.
WE NEED LOI WITH FULL BANKING COORDINATES TO PROVIDE AN FCO

PROCEDURES

A. After LOI with Banking Details and soft probe Authorization is accepted:

PROOF OF PRODUCT- PROVIDED BY SELLER AFTER RECEIPT OF NON-OPERATIVE FINANCIAL INSTRUMENT ACCEPTABLE TO SELLER.
1. THE SELLER ISSUES FULL CORPORATE OFFER (F.C.O) TO THE BUYER (THIS DOCUMENT)
2. THE BUYER COUNTER SIGNS THE F.C.O. AND ISSUES HIS I.C.P.O TO THE SELLER WITH BCL ATTACHED (OR SOFT PROBE

AUTHORITY DULY SIGNED)
3. THE SELLER ISSUES DRAFT CONTRACT TO BUYER FOR COMMENTS AND ACCEPTANCE, THE BUYER SIGNS AND RETURNS THE DRAFT

CONTRACT SHOWING ALL AMENDMENTS REQUIRED AND ADDS FULL BANKING COORDINATES AS SET OUT WITHIN

4. THE SELLER AMENDS WHERE NECESSARY THE HARD COPY CONTRACT, SIGNS, SEALS AND ISSUES TO THE BUYER FOR HIS

COMPLETION, THE BUYER SIGNS THE HARD COPY CONTRACT AND RETURNS IT TO THE SELLER. ANY FACSIMILE COPY SHALL BE

CONSIDERED AS THE ORIGINAL

5. WITHIN FIVE (5) BANKING DAYS AFTER THE FINAL HARD COPY CONTRACT SIGNATURE, THE BUYER OPENS A FINANCIAL

INSTRUMENT IN THEIR OWN BANK AND THEN PROVIDES TO THE SELLER A NON-OPERATIVE LETTER OF CREDIT TO SELLER FOR

APPROVAL AND THEN FORWARDS IT TO THE SELLERТS BANK. IN RETURN, WITHIN SEVEN (7) INTERNATIONAL BANKING DAYS, THE

SELLER PROVIDES PROOF OF PRODUCT TO THE BUYERТS BANK.

6. WITHIN SEVEN (7) BANKING DAYS AFTER THE RECEIPT AND CONFIRMATION OF A LETTER OF CREDIT ACCEPTABLE TO THE SELLER

THE SELLER ISSUES A FULLY ACTIVE TWO PERCENT (2%) PERFORMANCE BOND OF THE LETTER OF CREDIT VALUE.

7. DELIVERY AND SHIPMENT COMMENCE AS PER THE TERMS AND CONDITIONS OF THE CONTRACT

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SOYBEAN #2 NON GMO:

ORIGIN BRAZIL Brasil Bresil Brazilian Brasilian Bresilian

CIF ASWP SBLC
Covering Entire contract value CIF ASWP FFDLC
Covering Entire contract value
Quantity(MT) Price US$ Price US$
12,500 : 295 300
25,000 & above: 280 285
50,000 & above: 265 270
100,000 & above: 250 255
400,000 & above: 225 230
700,000 & above: 220 225
1,000,000 & above: 214 220
2,000,000 & above: 211 216
4,000,000 & above: 208 213
6,000,000 & above: 206 211
8,000,000 & above: 203 208
10,000,000 & above: 200 204

TEST WEIGHT: (LBS/BU) 54 MIN - PROTEIN: 35.0% MIN - MOISTURE CONTENT: 13.5% MAX - SPLITS: 11.0% MAX - FOREIGN MATTERS: 2.0% MAX - SOYBEAN OTHER COLOUR: 2.0%

MAX - HEAT DAMAGED KERNELS: 0.5% MAX - TOTAL DAMAGED KERNELS: 3.0%
MAX - OIL: 18.5% Minimum.

Payment terms are: Irrevocable, Divisible, Transferable, (Monthly auto-revolving -DLC ONLY). For Non-Transferable LC, Please add US$5.00/MT. Minimum Purchase For One Year 3,000,000 MT

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UREA 46% N (Prilled)

Origin Ukrain/CIS

CIF ASWP SBLC
Covering Entire contract value CIF ASWP FFDLC
Covering Entire contract value
Quantity (MT) Price US$ Price US$
12,500 : 142 142
25,000 & above: 132 137
50,000 & above: 125 130
100,000 & above: 120 125
400,000 & above: 110 115
700,000 & above: 100 105
1,000,000 & above: 95 100
2,000,000 & above: 90 95
4,000,000 & above: 85 90
6,000,000 & above: 82 87
8,000,000 & above: 80 85
10,000,000 & above: 77 82

SPECIFICATION: NITROGEN 46.0% BY WEIGHT MIN - MOISTURE 0.5% MAX FISHER METHOD - 0.3% MAX METHOD OF DRYING FRIABILITY 100 - BIURET 1% MAX BY WEIGHT - ANTI-CAKING AGENT 0.5% MAX - FREE AMMONIA 160 PXT, PPM MAX - PRILL 95% MAX - GRANULATION DIMENSION FROM 1-4 MM: 90% MIN - DIMENSION LESS THAN 1 MM: ABSENCE - MELTING POINT 132 DEGREE C - COLOUR PURE WHITE PRILLED - RADIATION CERTIFIED NON-RADIOACTIVE - 100% FREE FLOWING - FREE FROM HARMFUL SUBSTANCES

For Non-Transferable LC Please add US$ 7.00
Pease add US$ 10.00 for Urea 46% Granular

PROCEDURE:
1. Buyer sends LOI+BCL (Not older than 4 Days) or LOI with complete banking coordinates with permission for a soft probe through bank.
2. Seller issues Draft Contract/FCO
3. Buyer accept and sign the Draft Contract/FCO
4. Hard Contract copies are exchanged
5. Buyer issue non-operative L/C
6. Seller activate L/C with 2% PB
7. Shipments starts

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DAP

Quantity Price (US $)
50,000 219
100,000 214
200,000-400,000 204
600,000-700,000 194

TERMS & CONDITIONS:

1. ALL PRICES ARE CIF BASED.
2. DESTINATION: ASWP
3. PAYMENT: FFDLC

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CEMENT

1st Offer: CEMENT OPC 42.5 (India, China,Russia, CIS, Sellers Choice):

CIF ASWP FFDLC
Covering Entire contract value
Quantity(MT) Price US$
12,500 58
50,000 & above 57
100,000 & above 55
250,000 & above 54
500,000 & above 52
750,000 & above 51
1,000,000 & above 50
1,500,000 & above 49
2,000,000 & above 48
3,000,000 & above 47

For OPC 32.5, prices will be $1 less. For OPC 52.5 Price will be $5 more

2nd Offer: PORTLAND CEMENT 42.5:

For 150,000 MT/Year: US$49.50/MT, CIF ASWP (Min. shipment 12,500 MT)
Over 1 Millions MT: US$48.00/MT CIF ASWP.

Packing: 50 Kg pp bags or in bulk. Also in Jumbo bags.
Delivery: 30 to 45 days after receipt and confirmation of L/C.
Payment: Confirmed, irrevocable, transferable and revolving L/C.
Origin: Ukraine, Russia, Egypt, Other countries.
Chemical Specification will be sent along with FCO. Our suppliers have the capability to meet all different varities of cement grades.

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STEEL BILLETS:

100mmx100mmx11700
120mmx120mmx11700
125mmx125mmx11700
150mmx150mmx11700

Grades 3SP/PS 5SP/PS

Quantity Spot Deal Annual Deal
10,000-50,000 340 $ US$ 315

PRICES IS ON FOB ODESSA PORT BASIS.
PAYMENT: SBLC
ORIGIN: UKRAINE

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Depending upon your product requirement, you are requested to please contact to our Divisional Head (Vice President) or any Regional Vice President of World Source Group, for your inquiry and you would receive our response within 24-48 hours.

PLEASE SEND YOUR LOI / ICPO / INQUIRIES TO ANY ONE CONCERNED PRODUCT DIVISIONAL HEAD OR ANY ONE REGIONAL VICE PRESIDENT. LOI / ICPO / INQUIRIES SENT TO MORE THAN ONE CONCERNED PERSON WOULD NOT BE CONSIDERED AS SERIOUS INQUIRY / DEAL. HOWEVER YOU ARE WELCOME TO SEND A CC OF YOUR LOI/ICPO/BCL TO THE PRESIDENT.

1. FRANCHISE/PARTNERSHIP, ADMINISTRATION & SUPPLIER RELATIONS

2. RESEARCH & DEVELOPMENT

3. PETROLEUM & LPG

4. STEEL & IRON (INCLUDING SCRAP)

5. UREA, SOYA BEAN, WHEAT & BARLEY

6. IRON ORE

7. CEMENT & CLINKER

8. SUGAR

9. AIRCRAFT, HELICOPTER & HEAVY MACHINERY

10. COTTON WASTE & GARMENT

11. RICE & COAL

бб

	Iron Ore Available newspaper
	бб	Posted By: brazil brasil bresil iron ore mine newspaper	Post Response --- Flag message: Spam - Miscategorized - Scam
	бб	Date: Fri Feb 18 21:26:40 2005
*In Response To: Re: Iron Ore Available (Indian Buyers)*

chensihong@chensihong.org;chensihong@cableplus.com.cn

www.australia-brazil-china-india-iron-ore-bulk-vessel-ship-shipping.com
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From: www.australia-brazil-china-india-iron-ore-bulk-vessel-ship-shipping.com
www.australia-brazil-china-india-iron-ore-bulk-vessel-ship-shipping.com
64.5% Iron ore

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CIF and CIF 75 .00 USD/mt

Monday, ,Janurary 24,2005 FCO Ref. C.I012567-01-CHN

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 64.5% Fe content based on the following specifications, terms and conditions. Sales and Purchases will be conducted based on International procedures.

Commodity: Iron Ore 64.5% Fe

Origin is Brazil Brezil Brasil Bresil Brazilian Brezilian Brasilian Bresilian

Pricing: Pricing is based upon prior sale in USD $ per MTW CIF/CNF CHINA as follows:

BRAZILIAN ORIGIN IRON ORE 64.5%

PROCEDURE

1. Buyer Issues LOI with softprobe OR LOI + BCL in favor of б░www.chensihong.orgб▒

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. Buyerбпs Bank issues Pre-Advise text and format of the LC(s) to the Sellerбпs Bank for acceptance.

10. Sellerбпs Bank confirms with Buyerбпs 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 Buyerбпs expense.

12. First Shipment is 21-45 days after the Seller receives at their Bank the Buyerбпs Operative Letter of Credit.

BRAZILIAN IRON ORE 64.5% and PRICING

BRAZILIAN IRON ORE 64.5%FINES

Minimum 150,000 DMT per month

Maximum (3 million DMT per month)

CIF/CNF Price:

150,000 DMT иC below 500,000 DMT/month - $ 73.00

500,000 DMT (and above )per month - $ 72.50

H For Higher Fe % add 1 dollar per DMT for every 1% increase in Fe content. E.g. For 65.5% Iron Ore the price will be 74 dollars per DMT if the quantity is below 500,000 DMT per month

SPECIFICATIONS:

Fe: 64.50% Rejection below: 63.50%

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 иC 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.

бд 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.

бд 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 )

бд Bank or Corresponding Bank must be Top 50 World Bank payable at the counters of a prime American Bank.

With this Contract:

бд Should Inspection Documentation be required (SGS, CCIC or other Agencies) as б░Documents required for Paymentб▒, when documents become available, they are presented to the bank for payment after goods are loaded at the port.

бд Site Visits, Yard or Port Of Loading (when allowed by the supplier)

бд 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.

бд 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.

бд Bank or Corresponding Bank must be Top 50 World Bank payable at the counters of a prime American Bank.

With this Contract:

бд Site Visits, Yard or Port Of Loading (when allowed by the supplier)

бд 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 LCбпS and SLC for Last 2 Months

For shipments of: Iron Ore for CIF, CNF and shipments.

бд Customer provides a Transferable, or Non-Transferable, Irrevocable, Unconditional, Confirmed, Assignable, Revolving, Fully Funded Operative Letter of Credit, payable 100% at sight.

бд 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.

бд 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 )

бд The Operative Renewable LC is issued at the same time as the SLC, WT, BG, or MT799.

бд Bank or Corresponding Bank must be Top 50 World Bank payable at the counters of a prime American Bank.

бд 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:

бд Site Visits, Yard or Port Of Loading (when allowed by the supplier)

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 LCбпs 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..

бд 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.

бд 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.

бд Bank or Corresponding Bank must be Top 50 World Bank payable at the counters of a prime American Bank

With this Contract:

бд Site Visits, Yard or Port Of Loading (when allowed by the supplier)

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 б░ABC Companyб▒ for б░Contract Number 999999б▒ 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 б░contract, number 999999б▒ 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 :www.chensihong.org

FROM : (Buyerбпs Name goes here)

We, (Buyerбпs 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 64.5% Rejection below 63.5%

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. Buyerбпs Bank issues Pre-Advise text and format of the LC(s) to the Sellerбпs Bank for acceptance.

10. Sellerбпs Bank confirms with Buyerбпs 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 Buyerбпs expense.

12. First Shipment is 21-45 days after the Seller receives at their Bank the Buyerбпs Operative Letter of Credit.

The Buyer is aware that this LOI is being issued on (insert the actual date of the LOI here) to www.chensihong.org, to be presented to the Seller.

This LOI is the only current active LOI and has been exclusively offered to www.chensihong.org 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)

╚ч╣√─·╩╟╒╫╥┌═Є╕╗╔╠═╢╫╩░═╬ў╠·┐є╬к╓╨╗к╚╦├ё╣▓║═╣·╕╓╠·│з╜°┐┌░═╬ў╠·┐є╔░,╠·┐є╩п,IRON ORE ,COOPERATION WITH US ,PLEASE: www.chensihong.org

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