Iron Ore 63% rejection below 61%

Product Description

PRODUCT & GRADE IRON ORE LUMPS *3% TO *1%

EMPERICAL FORMULA FE

GUARANTEED SPECIFICATION

FE (Content)               *3% Rejection below: *1%
Al2O3                           1.0%                Max
SiO2                             3.6%                Max
SULPHUR                   0.*8%              Max
PHOSPHORUS          0.*8%              Max
TiO2                             0.*8%              Max
All other metals           <1.*0%

PHYSICAL CHARACTERISTICS (*5mm to *0mm **0%) on a proper Aperture Screening on a natural basis at the first transfer point.  Moisture: 8.*0% at **5 degrees Centigrade dry season +/*5% rainy season

ORIGIN MEXICO

PORT OF DESTINATION TBD

PRODUCT PRICE & INCOTERMS

F.O.B. PRICE: *3% USD $**5.*0 (ONE HUNDRED AND FIVE USD) PER MATRIC TONNE
C.F.R. PRICE: *3% USD $**5.*0 (ONE HUNDRED AND FORTY FIVE USD) PER METRIC TONNE

COMMISSION $1 TO ALL BUYER'S SIDE

PAYMENT INSTRUMENT

OPTION 1:

Payments for the goods sold under the present contract shall be done by SWIFT in US DOLLARS.  actual payment shall be made to seller by SWIFT MT***3/*3 or fully funded Documentary Letter Of Credit payable **0% at sight on per shipment to shipment basis; payable upon demand within three banking days against presentation of shipping documents stated in the contract via fax at the confirming bank's counters for the total value of shipment invoice.  Buyer's bank will issue a fully funded IRREVOCABLE, CALLABLE, TRANSFERABLE, UNENCUMBERED STANDBY STANDBY LETTER OF CREDIT (SBLC) OR BANK GUARANTEE (BG) for a month's shipments via SWIFT MT **0 that will act as a collateral security guarantee towards successful completion and lifting of the contraccted quantity with a maturity date of *3 months.  All financial instruments should be issued by a prime international bank acceptable to the seller with the sellers bank to approve the verbiage as being in accordance with the contractual terms and conditions.  The seller reserves the right not to load the vessel if the SBLC does not meet the requirement of the contract buyer shall arrange for his bank to provide seller a copy of the SBLC by e-mail or fax on the day on which it is opened.
A Performance Bond (PB) representing 2% of face value guarantee shall be issued by the seller within 5 banking days to the buyer after receipt of buyer's SBLC payment.

OPTION 2:

Payment For The Goods Sold Under The Present Contract Shall Be Done By Cash In US DOLLARS.  Payment shall be made to seller by WIRED FUNDS DEPOSITED AT THE SELLER'S BANK ESCROW AGENT PAYABLE UPON DEAND AND THE PRESENTATION OF BL AT THE CONFIRMING BANK'S COUNTERS FOR THE TOTAL VALUE OF SHIPMENT INVOICE as being in accordance with the contractual terms and conditions.  The seller reserves the right not to load the vessel if the escrow account does not meet the requirement of the contract.  Buyer shall arrange for the escrow bank to provide seller a copy of the escrow bank instructions by e-mail or fax on the day on which it is opened.  Payment by escrow deposit shall be applicable to all deliveries.

OPTION 3:

Payments for the goods sold under the present contract shall be done by SWIFT in US DOLLARS.  Payment shall be made to seller by T/T.  PAYABLE UPON DEMAND AND THE PRESENTATION OF BL AT THE CONFIRMING BANK'S COUNTERS FOR THE TOTAL VALUE OF SHIPMENT INVOICE MINUS INITIAL DEPOSIT.  All financial instruments should be issued by a prime international bank acceptable to the seller.  Sellers bank, to approve the verbiage as being in accordance with the contractual terms and conditions.  The seller reserves the right not to load the vessel if the irrevocable payment instructions does not meet requirement of the contract.  Seller shall arrange bill of landing to be telex released at departure port.  Buyer will provide irrevocable payment instructions to his bank signed and sealed by 2 authorized bank officers along with a BCL from buyer's bank which will be a part of the contract.  A thirty percent deposit (*0%) of the sale amount will be paid to the seller within *2 hours of signing of the buy/sell contract to commence work and shall be applied toward final payment.  The remaining *0% to be paid within *4 hours of receiving bl and payment documents.

PACKING
Buyer to specify and discuss with seller

WEIGHT AND QUALITY AND INSPECTION
Societe Generale De Surveillance (SGS) at seller's cost shall inspect commodity at the place of loading.  SGS shall issue an inspection certificate of quality and quantity for each shipment to certify that the goods are in good order and condition and being conform to the specifications herein stated.

Procedures
1.  Seller FCO sends via e-mail;
2.  The buyer receives the FCO, print, sign, seal and signed back to the Seller vi e-mail;
3.  The buyer sends ICPO with authorization soft probe;
4.  The Seller sends draft contract to Buyer via e-mail;
5.  Buyer signs, seals and return the contract duly signed and sealed;
6.  Buyer initiates payment to Seller's bank in accordance with one of the three options above to begin delivery;
7.  First delivery in accordance to agreed contract date;
8.  Subsequent deliveries to commence in accordance to contract.

BEST REGARDS,

TONY(AT)MYMAXCELL(DOT)COM

SKYPE: MYMAXCELL