Product Description

Supply of Iron Ore Fe *5  - *8  - *2  - *4 PCT
Origin: CHILE
Packing: Bulk              

Loading Port: A) Totoralillo, Guayacn, Coquimbo, Concepcin Port, Chile,
Loading Port: B) Caldera Port, Chile

Qty. Port A) **0.**0 months x 3 months / 4th month onwards **0.**0 tons per month / *3th month onwards **0.**0 months tons / 3rd year onwards 1.**0.**0 tons month
Qty. Port B) *0.**0 tons Caldera only per month (from this Port this is the max quantity per month)

Delivery: Every *5/*5 days
Contract: *-year minimum
Total Qty.: Projected supply of *7 million tons

Price 1) *5 - *8 PCT CIF China USD*6,*0 / MT fixed priced revised every six months
Price 2) *5 - *8 PCT CIF China PLATTS CFR *8 PCT **0 PCT (discount *0 PCT)
Price 3) *2 - *4 PCT CIF China USD **0,*0 / MT fixed priced revised every six months
Price 4) *2 - *4 PCT CIF China PLATTS CFR *2 PCT **0% (discount *0 PCT)

Payment 1) SBLC MT**0 - Confirmed
Payment 2) DLC MT **0 - Transferable.
PB: 2 PCT seller guarantee.

Terms: *5 PCT paid against shipping documents at loading port 5 PCT against CCIC/SGS at destination.

Commission Seller Closed.
Commission Buyer to be informed against LOI reception.

LOI address to Chinafaithcorp AEIML EIRL, ATTN: Mr. Mauricio Lazo

Offer date: March *4th, ***2
Validity: March *7th, ***2