Description

Product name: IRON ORE Fe *3.5%
Origin:Chile, South America.
Port Iquique (*5.**0 Dmt.)
Patache (*0.**0 Dmt.)
Totoralillo (*0.**0 Dmt.) and Other.
Port Disembarkation
Any Safe China Port
Physics Size Basis 0.*0 mm to *9.*0 mm in **0% (Dmt) of the load.
Quantity FIRST SHIPMENT: *0.**0 m/tons in ****0 days.
SECOND, THIRD AND FOURTH SHIPMENT: **0.**0 m/tons in *0 days.
FIFTH SHIPMENT: **5.**0 m/tons in *0 days.
SIXTH TO TWELVE SHIPMENT: **5.**0 m/tons in *0 days.
According to table attached excel.
TOTAL OF (Month) shipments : 2.**0.**0 Dmt.
Incoterm CIF - COST, INSURANCE AND FREIGHT.
Price, currency and Units USD $ CIF **5,*0 per dry metric tonne (DMT) fixed as base. *7% at loading port. *3% after CIQ.
Duration of Contract For *2 (Two) years and more according to Seller and Buyer.
Contract price will be on minimum of USD$**5/mt as base price. Every 3 month price review will take place and any increase in index will be formulated and price will increase accordingly.

Weighing, sampling and analysis:
The buyer is entitled to for providing an independent surveyor acceptable to the Seller present during the weighing, sampling and analysis procedures for the cargo, which shall be valid for both parties.
The weight, content of Fe and H2O content, determined by the CIQ in de cargo port, is the basis for the final billing.

AGREEMENT FOR PAYMENT
The method of payment the Fob Iron Ore sales of *0,**0 Dmt.; Is determined with:
CIF - COST, INSURANCE AND FREIGHT.
Letter of Credit (DLC) UCP **0 irrevocable, operative, confirmed, in sight, divisible, transferable, renewable (auto-revolving), assignable, for **0%.
For the first two shipping.
Verifiable will be provided by bank seller. (NON-NEGOTIABLE)

PROCEDURE:
1. FCO is sends to BUYER together with unsanitised SGS and draft contract.
2. BUYER to review draft contract and propose amendments in red and return back to SELLER together with signed FCO.
3. SELLER revises, amends, notarized and sends signed copy to BUYER.
4. BUYER opens for the First TWO shipping DLC for the value of **0% of product and shipping.
5. Shipment to commence.

Fe Basis *3.*0%
S Basis 0,*6% Max 0.*9%
P Basis 0,*6% Max 0.*9%
Al2O3 Basis 2,*0% Max 4.*0%
Mn Basis 0.*4% Max 0.*0%
Na2O Basis 0.*1% Max 0.*0%
SIO2 Basis 4,*0% Max 6.*0%
K2O Basis 0.*6% Max 0.*0%
CaO Basis 2.*1% Max 3.*0%
H2O Max 8,*0%