Looking for iron ore

RFQ Description

I have buyer looking for iron ore with tiron ore 64,5% min.100.000 Mt up to 300.000 Mt per month CIF main port CHINA and/or INDIA and/or NWE one year contract procedure:1. LOI by Buyer or Buyers mandatory2. FCO by Seller3. Seller„s bank states to Buyer„s bank by INFO-SWIFT the availability of POP in the bank. Comment: It means the seller doesn„t need to show his POP at this time. The buyer only want to have a notification by the seller„s bank (seller bank to buyers bank directly), that they hold POP in sellers file. 4. End-Buyer issues ICPO and BCL to Seller via Bank-to-Bank.5. Seller„s Bank sends partially POP to Buyer„s Bank; 6. Seller issues a draft contract open for amendments.7. Upon agreement of the details on contract, seller and buyer exchange signed and sealed contract via e-mail (EDT). 8. Seller„s bank issues Proof of Product (POP) via Swift to buyer„s bank9. Buyer„s Bank issues Irrevocable, Non Transferable, Confirmed Documentary Letter of Credit against Seller„s 2% Performance Bond Furthermore we„re interested in purchase of SPOT„s regarding the requested goods above. The minimum quantity is in this case 50.000 Mt or 200.000 bbl„s. Procedure SPOT (in tank):Seller send his offer, addressed hese proceedures