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

www.australia-brazil-china-india-iron-ore-bulk-vessel-ship-shipping.com
陳先生

我們需要您的巴西铁矿石,铁矿砂,IRON ORE进出口代理操作程序
方便我們跟钢铁工廠談後續合作关系;
才能確認您公司的进口代理費;
我們希望的进口代理费價格在**美元
謝謝

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

陳斯红先生您好
這是我們這邊的巴西铁矿石,铁矿砂,IRON ORE 賣家操作資訊
請您查閱後告知如何配合
另外請您給一份 您公司對國內鋼廠的付款及操作方式
我才好方便請中华人民共和国鋼铁厂出 LOI
謝謝

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 “www.chensihong.org”

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 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 – 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 – 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 :www.chensihong.org

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 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. 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 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)