Product Description

A. For Fe Content:

The base price referred in Clause 4 shall be adjusted as follows:

(1) The base price shall be increased by US$1.0 for each 1% Fe per DMT in case of Fe above*4.00%, fractions pro-rata.

(2) The base price shall bedecreased by US$1.0 for each 1% Fe per DMT in case of Febelow *2%.

 (3)If Fe content goes below*2.00%, the buyer can renegotiate the price.

B. For Other Elements: 

If the shipment does not meet any of the chemical specifications provided in Clause 3A, the base price shall be decreased as follows, fractions pro-rata:

(i)For excess of Silica (SiO2)

At the rate of 5 U.S. cents per dry metric ton for each 1.*0% in excess of4.50%

(ii) For excess of Alumina (Al2O3)

At the rate of 5 U.S. cents per dry metric ton for each 1.*0% in excess of4.*0%

(iii) For excess of Phosphorus (P)

At the rate of 5 U.S. cents per dry metric ton for each 0.*1% in excess of 0.08% (rejection if over 0.*0%)

(iv) For excess of Sulphur (S)

At the rate of 5 U.S. cents per dry metric ton for each 0.*1% in excess of 0.08% (rejection if over 0.*0%)

(v) For excess Titanium Dioxide (TiO2)

At the rate of 2 U.S. cents per dry metric ton for each 0.*1% in excess of 0.*0%(rejection if over 2.*0%)

C. For Size: