IRON ORE

Iron Ore : Fe 63%, Rejection below 61%
Country of Origin : Indonesian
Port of Loading : Kintap/Trisakti – Banjarmasin – Kalimantan (Indonesia)
Port of Distination : Buyer's Request
Quantity : 30,000 MT (+/- 10%) option seller / Shipment 4 months.
After the first delivery the quantity can be upgrade up to 60.000 MT per Month.

The total contractual quantity shall be made 360,000MT (+/- 10%) (30,000MT (+/- 10%)/ Month). First shipment of 30,000MT (+/- 10%) by the end of August 08. One years contract of total 360,000MT (+/- 10%) to be delivered by 12 shipments.

Loading rate : 5000 Mts PWWD SHINC
Packing : In Bulk
Period : Seller will deliver to buyer after contract

Signed maximum 60days a total of 30,000 MTS of goods. This goods has to be loaded onto buyer’s mother vessel.

SPECIFICATIONS

a. Fe : 63% basis, minimum and rejection below 61%
b. Al2O3 : 4.00% Max
c. SiO2 : 4.00% Max
d. P : 0.60% Max
e. S : 0.50% Max
f. TiO2 : 0.20% Max
g. Moisture: 8.00% Max

PHYSICAL SPECIFICATION:
Size (0-10mm) : 10% Max
Size ( -50mm) : 90% Max

PRICE : Please email us for further details.

PAYMENT

1) Letter of Credit
Within 7(seven) banking days after signing this contract the Buyer shall open Irrevocable, Transferable, Confirmed documentary Letter of Credit at sight 100% at loading port.

2) Performance Bond
The Seller shall estabilish the Performance Bond (PB) within 7(seven) days bankng after receipt L/C, covering 2.0% of the L/C value as the Bank Guarantee.