Product Details Product Bauxite Origin Republic of GUINEA Quantity 400.000 MT /month Specifications AI2O3 44%, SiO2 3% max, Fe2O3 25% max, TiO2 4% max, Free Moisture 10% max, size 0-175mm 99.5%, type Trihydrate Bauxite Delivery FOB Dapilon (Republic of Guinea) Payment Irrevocable LC issued by Buyers top 25 World Bank, covering cost of one month shipment SGS for quantity and quality Total amount 4,800,000 MT per 12 months Price to be provided upon request Inspection SGS Procedures 1) Buyers Sends LOI to Seller 2) Seller sends SCO or FCO and draft contract to Buyer 3) Buyer issues sales purchase agreement with full banking details and signed draft contract 4) Seller issues final contract 5) Not later than 2 days after signature of final contract, Buyer Bank sends L/C to the Sellers Bank 6) Seller posts a performance bond after confirmation of LC that becomes operative.