Iron Ore And Iron Sand Fe 63%

Description features:
This contract is for the sale of iron ore of 63.0% fe above contentContract procedures1) buyer issues this draft contract, seller signs/seals and return it to the buyer.2) contract executed by email, fax and signed/sealed hard copies by courier.3) site visit by buyer to confirm availability of product shall be allowed at any time.4) letter of credit (dlc) to be issued in favor of seller within 7 banking days after contract signed. Failing which will consider the contract null and void.5) buyer issues pre-advice letter of credit to the seller and seller issues a fully operative performance bond as per article 08.6) buyer issues an operative revolving letter of credit as per article 12.Process of delivery begins as per valid contract.Product: Iron ore 63.0% fe above contentInitial quantity:40,000 (fourty thousand) dry metric tonnes plus or minus 10%, (total resource 1,000,000 dmt)Unit price & total amount:Unit price: USD $48.00/dmt FOB vessel at south kalimantan, IndonesiaSpecifications and price adjustment:Fe:63.0 fe above basisSi02:3.00 maxAl2o3:3.00 maxPhosphorous:0.06 maxSulphur:0.06 maxMoisture:5.0 max dry; 8% max monsoonSize:30-50 mm = 90%,50 to 100mm = 10%Rejection limit:If fe content is below 63.0%, the ore shall be rejected/negotiated. Seller shall compensate the buyer for all claims and expenses due on the above rejection and delay.Country of origin/port of loading:Indonesia/trisakti in south kalimantan, Indonesia.Paking & marking: In bulk, whole contract of quantity of 40,000 dm +/- 10% supplied.