NEW2021 April Soft Offer - Iron Ore Fe 64% -UP to 150,000 Mt in monthly basis - Origin SA - CIF Main Chinese Central Ports & FOB basis.

Soft Offer - Iron Ore Hematite Fe 64%

SA

:

1. COMMODITY:-

lron Ore fines : 64% Rejection 62%

Country of origin : South Africa

Port of Loading : Saldanha Bay; FOB Base

Minimum Contract Quantity : 50,000 MT

2. DELIVERY PERIOD :-

35 to 40 days from the date of receipt of confirmed bank payment instrument

3. SPECIFICATIONS:-

(A) Chemical Composition (On Dry Basis):

62% Fe, 8% moisture, 4% silica, 2.25% alumina, 0.09% phosphorus, 0.02% sulfur

(B) Physical Specification:

Granular size of up to 1O mm for up to 90% of cargo

4. PRICE:-

USD 153.00/MT (One Hundred and Fifty-three United States Dollars Only); CIF Basis China/India main ports. FOB price (Saldanha Bay): USD 128/MT

5. PAYMENT TERMS:-

Irrevocable, confirmed, unconditional, fully funded documentary letter of credit covering 100% value of cargo; available at sight of complete shipping documents. lf contract, ARDLC,

6. PROCEDURES:-

a) End buyer submit the ICPO incorporating the above terms

b) Seller issues the Draft Sale and Purchase Contract

c) Buyer signs, seals (electronically) and returns it to the seller

d) Seller signs the contract, immediately return to the Buyer (the digital contracts remain effective & legally binding until hard copies are exchanged.

e) Buyer issued operative DLC in favor of the Seller.

g) Shipping and delivery to the port of destination will be finalized within 4 to 5 weeks

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