Looking for iron ore

RFQ Description

Buyer request:Origin: Chilean Iron Ore Lump1. CHEMICAL CompositionFe: 62.0%, rejection 61%Phosphorous: rejection 0.1% maxSulfur: rejection 0.1% max2. Physical Size:a)10~50mm: 90% min.b)10mm/-: 5% max.c)50mm/+: 5% max.3.Past Performance records should be provided for buyer€™s verification on seller€™s supplying ability.4. Quantity: 150,000 MT/month, total 12 months.5.Pricing formula:a)Base Reference Price: The Base Reference Price shall be the price referenced in the Platts IODEX 62 Index (CFR China) on the day prior to the DLC being opened by the Buyer.b)The CFR price: shall be the 10 days average €œ5 days after and 5 days prior to arrival at destination port€ based on Platts IODEX 62% Fe CFR China. c)Discount: A discount of Ask Buyer/MT will apply to the final CFR price. d)Final CFR price?€Final CFR Price The CFR price € USD6.00€?Special condition: In case Final CFR Price is lower than Ask Buyer before buyer issues DLC, seller can suspend fulfilling the contract till price rises again above Ask Buyere)Commission: A commission of Ask Buyer/MT should be paid by seller to SHANDNEY ALLIANCE HOLDINGS P/L after seller receives DLC per each shipment.6.Performance Bond: seller issues 2% non-operative PB prior to buyer€™s DLC.7.Buyer issues 100% DLC to activate the PB.8.Port of discharge: China main port at buyer€™s option.9.Bonus/Penalty: Bonus + USD1.50, and Penalty € USD1.50 per fraction pro-rata10.Packing: Bulk11.Inspection: SGS at loading port indicating vessel name, voyage, bill of lading number, contract number and LC number, and CIQ at discharging port.12.Payment: 95% of shipment amount by Irrevocable non-transferable DLC, and remaining 5% settled by Certificates issued by CIQ at unloading port.PLEASE send us your quotations to our mail box: shandney at yahoo.comThanks and best regards,David Z. WANG