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RFQ Description

Dear Chilean Supplier,We are seeking for Chile Iron Ore LUMPS. To follow please have a look at our terms and conditions.1.Commodity: Iron Ore LUMPS2.Origin: CHILE3.CHEMICAL Composition:Fe 62% rejection 61%Aluminum Oxide (Al2O3) 2.00% rejection 3.00%Silicon Dioxide (SiO2) 3.00% rejection 6.50%Phosphorus (P) 0.08% rejection 0.15%Sulfur (S) 0.08% rejection 0.10%Titanium Dioxide (TiO2) 0.08% -Moisture Maximum 6% at 105ºC4.Physics Size (Lumps)10 mm ~ 40 mm: 85% Min10 mm: 5% max40 mm: 10% Max5.Quantity & Duration: a)Trial shipment: 75,000 MT, or 100,000 MT or 150,000 MT at sellers option.b)Upon the trial shipment proven satisfactory to the buyer, therefore Subsequent shipments in 12 months at 150,000 MT per shipment shall be fulfilled by contract.6.Pricing formula:a)Base Reference Price: The Base 62% Reference Price shall be the price referenced in the (Platts 62% - USD5.00 discount) on the day prior to the DLC being opened by the Buyer.b)The Final CFR price: shall be the 10 days average œ5 days prior to and 5 days after arrival at destination port on (Platts 62% - USD5.00 discount). 7.Performance Bond: seller issues 2% non-operative PB prior to buyers DLC. Then buyer issues Confirmed Irrevocable Non-transferrable DLC to activate sellers PB.8.Bonus/Penalty: Bonus + USD1.50, and Penalty “ USD1.50 per fractions pro-rata9.Port of discharge: Qingdao, Rizhao or Longkou, or China main port at buyers option.10.Payment: 98% of shipment amount by Confirmed Irrevocable Non-transferrable DLC at sight, and remaining 2% settled by Certificate of Analysis made by CIQ at discharge port.IMPORTANT NOTICE: Seller shall provide past B/L Copies + SGS + CIQ in relation to ONE or TWO specific shipments to buyer for verifying capacity of supply.Should you be a genuine Supplier, we would be pleased to receive your FCO.Best Regards,SHANDNEY ALLIANCE HOLDINGS PTY LTDshandney at yahoo dot com