IRON ORE lumps Fe 64% BASIS (+/-2.00%) REJECTION: < Below 61 %FE, rejection or renegotiation. FE: 64 % BSS (+/-2.00%) FeO: 3% MAX SiO2: 5.00% Max TiO2: 0.1% Max Al2O3: 2.00% Max MnO: 0.05% Max MgO: 0.05% Max Na2O: 0.10% Max K2O: 0.10% Max P2O5: 0.07% Max P: 0.05% Max S: 0.02% Max CaO: 1.00% Max Zn: 0.01% Max C: 0.01% Max Cr: 0.07%Max Cu: 0.001%Max LOI 6 % Max Moisture Content (Free moisture loss at 105 degrees centigrade): Guaranteed: 5.00% Max. Physical Size: Physical Specification: (Natural Basis): LUMP Nominal less 0.107 mm 87% min. as a load basis set by Seller Moisture Content (Free moisture loss at 105 degrees centigrade): Guaranteed: 5.00% Max. PRICE: The base price of the IRON ore discussed and to be delivered will be: IRON ORE FINES @ 64 % at a price of the Last 5 days of date of shipment Platts 62 % index For Fe Higher Of Iron Ore Than 62% will pay 1 % more of iron content or prorated payment will be scale For below than Fe 62 % will pay less 1 % of the agree price.