IRON ORE offer
www.chensihong.org
chensihong@chensihong.org
1. Specifications:
FE
64.5% min, Reject is 63.0%.
Silica (SiO2) 3.60%
max
SiO2 3.00 TO 4.00 max
LOI 0.80% max
Aluminum
(Al2O2) 0.70% max
Manganese (Mn) 0.15% max
Magnesium (MgO) 0.03% max
Phosphorus (P) 0.027% max
Calcium (CaO) 0.02% max
Other Metals not mentioned above and excluding K,
S and Na 0.01% max
PHYSICAL CHARACTERISTCS
Typically 100% Iron Ore Fines to be delivered
shall be sized between 0.15 mmis 90% min and 10.30 mm is 10% max on a
proper Aperture Screening on anatural basis at the first transfer point
MOISTURE CONTENT
Free
moisture content loss at 105 degrees Centigrade shall be a maximum of
8%.
Price: $72.8/MT CNF
2.
Specifications:
FE 64.50 % Rejection below:
63.00%
AI2O3 2.00 % max
SiO2 3.00 TO 4.00 max
SULPHUR 0.003% max
PHOSPHORUS 0.06 % max
Mn
0.10 % max
PHYSICAL CHARACTERISTCS
+1 MM0.15 MMMOISTURE 80% min10% max6.00% - 8.00%
at 105 degrees Centigrade
Price: $77.00/MT CNF
Minimum order is 150,000 MT per month. The
maximum amount we can currently supply is 300,000 MT. The vessels we use
have the capacity of 150,000 per vessel. It is important to make sure
that buyer can accept vessels of this size
Procedure
- Buyer sends
LOI + BCL
- We prepare Buyer's Draft and FCO/FPA
and send it for Buyer’s approval
- We receive
back Buyer's Draft signed and sealed
- Buyer's
Draft + BCL are sent to seller
- Seller puts his
remarks upon the Draft
- Draft remarks
circulation
- Draft concluded
- POF - POP bank vs. bank before obligating by
the hard copy of the contract
- Hard Contract
copies are exchanged
- Buyer issue non-operative
L/C
- Seller activate L/C with 2% PB
- Shipments begin
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