iron ore magnetite

RFQ Description

Dear Sir, we are looking for a supplier, if you are able to meet our demands and give a fair price, we are ready to do buisness. My client has included a LOI . I hope to hear from yoLetter Of IntentWe, confirm with full legal and corporate responsibility under penalty of perjury , that we are ready, willing and able to buy 5000mt-30,000MT of iron ore under the following terms and conditions:1 Product: iron ore fines 2 Origin : 3 Specifications: Chemical Composition Values Fe 55.00%-64%Rejection below :54.00% Feo 16% S = 0.1 % P = 0.1% SiO2 = 6% Al2O3 =1.5% Moisture = 5% Physical characteristic : Between 0 to 10 mm 4 Packing: loose in bulk in a vessel or container5 Inspection : by SGS at loading port , by CIQ at discharging port 6 Quantity : 10,000mt-50,000mt+-10%7 Delivery¼Å¡20 day after opening LC8 Mode : CFR to China Yangzhou port or Shanghai port9 Price : 10 Payment : Irrevocable, Documentary Letter of Credit, opened or confirmed by a bank acceptable to seller, and payable 100% at sight against presentation of shipping documents.11 Documents: (following documents are requested to be presented for payment on shipment)a) Clean on board bill of lading marked “freight prepaid and blank endorsed.b) Certificate of weight and quantity issued by SGS or comparable.c) Certificate of origin issued by or endorsed by Chamber of Commerce of the country of origin.d) signed commercial invoice.e) Master„s receipt of all documents except commercial invoice. f) Weight/packing list.12procedures:a) buyer issues LOIb) seller issues Performac) Buyer signs and returns Performad) Seller and buyer sign contract e) buyer instructs his bank to Seller„ bank re proof of funds and to LC be operable upon receipt of 2% PBG ;f) Seller shall instruct his bank to buyer„ bank re proof of product . g) Buyers„ bank opens LC;h) First shipment commences within 30 days after opening LC.13 Banking coordinates: documentary letter of credit to opened by:Name & Address of Bank: Bank of china.We will decide later.WE look forward to receiving Seller„s proforma offer.Yours sincerelyMs. Li1-832-282-33661-282-778-6474 *******@*****.com or anyone you may know who can fulfill our needs.