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iron ore: export commodity: now volume is booked! |
IRON ORE - EXPORT: FOB, CIF ASWP |
| iron ore: photos |
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| iron ore: terms of export |
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Origin |
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India |
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Port of loading |
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Ports in India |
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Delivery terms |
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FOB, CIF ASWP |
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Resource |
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60000 MT per month |
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Min. order |
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30000 MT |
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Vessels size |
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30000 MT / 60000 MT |
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Packing |
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bulk |
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Inspection |
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SGS
or similar |
| PB |
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2% |
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Payment |
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Non-transferable Letter of Credit 100% at sight via Prime Bank |
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Price |
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Price by request |
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Standard |
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absent |
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| iron ore: chemical composition |
| Test basis |
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Dry |
| Fe |
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63.5%, rejection below 62.5% |
| Al2O3 |
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4% max. |
| SiO2 |
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4% max. |
| Sulphur |
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0.05% max. |
| Phosphorous |
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0.07% max. |
| Moisture |
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8% max (105C°) |
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| iron ore: physical composition |
| Test basis |
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Natural |
| Size 0-10mm |
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90% max |
| Size from 10mm |
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10% max. |
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| iron ore: procedure of the work |
Buyer issues LOI + BCL
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Seller issues Draft Contract
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Buyer and Seller agree to the terms and sign/seal Contract
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Buyer issues non-operative LC
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From Seller Proof of Products Bank to Bank
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PB activates the LC
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Shipment begins as per Contract
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| iron ore: quick contact for order |
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