IRON ORE   

> 65.3%Standard Sinter Feed  

ORIGIN: ECUADOR 

QUANTITY: 30 000 / 60,000 MT/ x 30 month

SHIPMENT CAPACITY: Shipment of 30.000 minimum (+ / - 5%, seller's option) per vessel

DELIVERY: First shipment within 35-45 days after the date of LC being activated. 60 days every subsequent shipment; this will be worked with the buyer & seller

LOADING PORT:  Safe Port in Esmeraldas-Ecuador

PACKAGING: In bulk condition

PERFORMANCE BOND: Seller issues 2% PB against each shipment value

LOGISTICS: Our supplier has full capability of displacing the product (Iron-Ore / Sinter Feed) from the extraction site to the loading port

•  SGS or equivalent valid document
•  Certificate with mine’s name and respective ownership title
•  Written authorization contracts; contracts verifying docking space and port’s loading certificate

PAYMENT  TERMS: Irrevocable - Confirmed - Revolving - Transferable or Non Transferable – Divisible - Fully Funded - 100% at sight. FFRTDLC (Documentary Letter of Credit) + Last 3 Months of SBLC - issued and confirmed by a top 25 European OR USA banks of the world. (50 banks list ):

http://www.bankersalmanac.com/addcon/infobank/wldrank.aspx )

GUARANTEE: Buyer must guarantee last 3 shipments of 12 shipments by unconditional  & transferable SBLC.

Remark: Full Funded means for the monthly value only, not for whole contract value.