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1. Quantity up to 20,000 tonnes/month 2. Contract duration up to 3 years 3. Payment by MT103 guaranteed by SBLC or DLC (held in reserve) 4. Payment can be at destination 5. 2% performance bond given after receipt of non-operative LC by MT760 (or DLC by MT700). The PB automatically makes the SBLC operative 6. Price LME minus 13% CIF ASWP charles.omalley at foxhollowcapital dot com
