COMMODITY - Iron Ore Fines Fe 63%
ORIGIN - India
AVAILABILITY - 100.000 MT (Ready Stock)
600.000 MT
DELIVERY - 50.000 MT X 2 Vessels (Ready Stock)
50.000 MT X 12 Months
PORT OF LOADING – Paradip Port, Orissa, India
PRICE CNF - USD 85.00MT
PRICE FOB - USD 77.00MT
PAYMENT - Revolving Documentary Letter of Credit (RDLC) - Irrevocable, Transferable, Confirmed, Divisible, Revolving Documentary Letter of Credit, issued or guaranteed by one of the Top 10 or Top 20 Banks of the World, payable 100% draft at sight, at the Seller`s Bank, against presentation of shipping documents/Bills, as per contract, revolving in monthly shipment amounts. The 100% Draft at sight Letter of Credit must be against the Load Port Survey Report.
PRICE FIXING POLICY – The price will be reviewed in the event of any drastic International Market fluctuation or other factors as such as Government Duty, taxes, levies etc…. Mutually setting the solution shall be sole motto.
PERFORMANCE BOND – 1-2%
INSPECTION - “S.G.S” or equivalent at Seller’s expense at loading port.
SPECIFICATION
Chemical Composition ( On Dry Basis, percentage by weight )
Fe 63,0% basis, (62,5% min/rejection)
SiO2 3,5% max
Al2O3 3,5% - 5% max
P 0.07% max
S 0.06% max
Moisture 8% max at 105 Degree Centigrade
PROCEDURE
1. Buyer Issues LOI / ICPO + SOFT PROBE, plus NCND. The LOI / ICPO + SOFT PROBE must be: Complete Identification of Buyer (and Buyer Mandate): Signed, Sealed and Stamped; Buyer`s LOI / ICPO must declare: “The Buyer has the funds capacity to completethis purchase of bank instruments with good, clean funds of non-criminal origins and funds are in compliance with Anti-Money-Laundering. Quantity per month/year, Target Price, Contract Length, and any other relative details such as Current Date, The LOI / ICPO + SOFT PROBE must be SOFT PROBE AUTHORIZATION: We understand that any and all offer’s and / or contracts are subject to successful Seller verification of funds availability. We hereby give our permission for the Seller to conduct a Soft Probe of our account, Banking Co-Ordinates, Buyer’s Bank Information, Address, Account Number and Name, Swift Code, Telephone, Fax, Email, Bank Officer.
2. Seller will check the documents and the Buyer funds;
3. If the Seller approves, he will issue the FCO.
4. BUYER signs FCO and sends it to Seller within 12/24 hours via e-mail and facsimile.
5. SELLER will send the Draft Contract to the BUYER by e-mail, for him to review.
6. Concluded reviews, the BUYER will return the draft contract duly signed and sealed to the SELLER by e-mail within 12/24 hours.
7. SELLER will issue 4 (four) hard copy of this contract sign and seal and send to the BUYER per courier service and 1 (one) copy by e-mail. BUYER in turn, within 48 hours, will sign and seal the hard contract and send back to the SELLER 2 (two) copies per courier service and 1 (one) copy by e- mail. Said signed contracts being exchanged electronically will be deemed as original and is legally binding until hard copies are exchanged by Courier - DHL or other.
8. Buyer and Seller deposit a copy of the executed Contract to their respective Banks.
9. Within 3 (three) banking days, Buyer Bank sends a Non-operative Payment
Instrument (RDLC)
10. Within 48 hours Seller's Bank sends Proof of Products (POP) + PB 1- 2% via Swift Bank to Bank methods to the Buyer’s Bank
11. RDLC turns operative.
12. Schedule of delivery is signed and approved by SELLER and BUYER.
13. Delivery begins as per full terms of this contract.
We look forward to doing future business with you.
- about documents (guidelines)
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Don't ....... Don't ask for photos, we are no photo-agency and they aren't worth the sending as they proof nothing. Guidelines to note when preparing documents (please take notice as we lose a lot of time by 'wrong documents'...) LETTER OF INTENT (LOI) 1. Freshly dated (not older than 3 working days) 2. The format should be PDF File 3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress 4. The LOI may be adressed to F.H.U PRO - b2b group deutschland 5. We need the quantity, duration, destination port, price idea, specification and origin, and banking details 6. The documents must be signed and stamped IRREVOCABLE CORPORATE PURCHASE ORDER (ICPO) 1. Freshly dated (not older than 3 working days) 2. The format should be PDF File 3. The letter head is genuine, check for any signs of cut and paste or scan and edit. In the letterhead we need complete company name, adress, phone number, fax number and email adress 4. The informations must be detailed and we need a specification 5. The ICPO may be adressed to 'the seller through F.H.U PRO b2b deutschland group' 6. Bankers information must be the same as the to the company ordering and as stated in the letter head, if different, then it must be accompanied by a letter of the owners of the bank account attached to the ICPO staiting their authorization of the purchase 7. The documents must be signed and sealed |
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