Iron ore fines come from the natural raw iron ore through the process of mining, crushing and screening, where the iron ore is separated into lumps and fines. Iron ore is done in this fashion so that it can be used for the iron/steel making industry
Quantity is 30,000 metric Ton monthly
contract duration +1 year
price is negotiable based on Iron ore price index
payment is based on letter of credit.
Contract length One Year
Commodity Copper Cathodes
Purity 9999 Cu
Form Electrolytic
Origin Republic of Zambia
Quantity 61000MT Sixty One Thousand Metric Tons
First shipment 1000 MT One Thousand Metric Tons
Monthly shipment 5000 MT Five Thousand Metric Tons
Price Less 12 Twelve Per cent LME Price of the day
Loading Port Dar Es Salaam Port Tanzania or Durban Port South Africa
Discharge Port xxx xxxxxxxx
Incoterms Strictly CIF Cost Insurance and Freight
Delivery term Strictly CIF Cost Insurance and Freight
Payment Terms Secured by SBLC MT 760 Operative Irrevocable
Non Transferable Unconditional Confirmable Standby
Letter of Credit MT 760 as Payment Guarantee and finally
by Telegraphic Wire Transfer MT 103 After Final Inspection
of Quality and Quantity by SGSCICC report at final
destination port until Five 5 banking days
Note No advance payment will be required by Seller or his
representative as long as the SBLC MT 760 is in place and is in
active Seller shall use his own resources to ship the copper cathodes to
Buyers destination Refinery
1SPECIFICATIONS
NONLME Electrolytic Copper Cathodes Grade A Purity Cu 9999 Maximum
9997 Minimum conforming to the LONDON METAL EXCHANGE LME
specification Cathode Grade Designation Cu Cath 1
914 mm x 914 mm x 12 mm LME
Standards App 36 X36X05
Weight of each sheet 125 Kilograms Approximately 2
Net weight of each pallet 2000 Kilograms Approximately 2
Net weight per container 200 Metric Tons Approximately 2
Gross weight per container 222 Metric Tons Approximately 2
3 PACKING
Palletised Aluminium banded Bundles of bare unsoiled nonoxidized Copper Cathode
plates and banded by aluminium bands suitable for long distance transportation and well
protected against scattering shock and rust Net weight of each bundle 25MT 1 No
wooden packaging allowed
4PRICE AND PAYMENT GUARANTEE PROCEDURE
Value of SBLC MT 760 shall be equivalent to one 1 month shipment value
with a validity period of One Year and One Day Rolls and Extensions
Both parties understand and agree that SBLC via MT 760 shall be issued only from one of the
Top Prime Banks located in major cities of Middle east Western Europe Asia or US
Miner based in Baja California which is far away from the areas related with the past illegal sales of Iron ore. The sale would be carried out by his company duly registered in US.
Miner with very good reputation that has been recommended by a former Director of Mining Ministry.
They have exported in 2010, 2011 and 2012 but with the fall of the prices, they decided to stop and get focus in other minerals.
Fe: 58% minimum guaranteed
Incoterms: FOB
Quantity: 90,000 Mt ready to ship
Loading Port: Ensenada
Payment: LC
Size: About 20.000 Mt with size of 6mm. Rest of material 3 to fines.
In case of interest, feel free to constact us at any time.
