1. This material consists of a base grade of at least 62% of the grade up to a maximum of 66%.
2. Production:
a. 200,000 tons per month.
3. Particle size, from 1mmâ?? to 10mmâ?? thick.
4. Shipping: in bulk
5. Valor Platts selling price minus a 25% discount per ton with a USD 2.0 increase or USD 2.0 discount for a decrease (reviewable price every twelve months)
6. Payment System: Letters of Credit must be confirmed, irrevocable, divisible and payable at sight. If the product must be shipped monthly (contract), the Letter of Credit must be revolving (DLC) covering the shipments of each month. In all cases, the payment instrument must be issued or guaranteed by a first-rate bank.
7. First delivery 45 to 60 days after signing the contract. (Depending on the tonnage to be shipped, it can be shipped in 45 days).
8. Port of shipment: Chilean
9. Twelve-month contract reviewable every twelve months (if one of the parties wishes to place this term, it must notify the other party sixty days in advance)
10. Incoterms FOB (free on board, named port of loading").
