Payment Terms:
Non Transferable, Non operative DLC MT700 as Bank Guarantee, becoming operative on receipt of 2% Performance Bond from seller's bank. Payment release in to seller's own account after positive SGS Q&Q at discharge port.
Payment Terms : Non Transferable, Non operative DLC MT700 as Bank Guarantee, becoming operative on receipt of 2% Performance Bond from seller's bank. Payment release in to seller's own account after positive SGS Q&Q at discharge port.
Please provide a quotation to the following requirement from importer -
Product Name: Ore
Specifications :
Type: Iron Ore
Origin Required: Worldwide
Preferred Origin: Peru
Fe Content: = 62%
Particle Size: 0.15-10mm
Trial Order: 50,000 MT
Contract Quantity: 200,000 MT Per Month × 12 Months
Port of Discharge: Rizhao Port, China
Target Price:
CIF China based on Platts:
Fe 62% Basis
Platts Minus 10%
Fe Adjustment: +1%
Price Adjustment: + US$2
Payment Ratio:
Trial Order: 90% / 10%
Monthly Orders: 95% / 5%
Transaction Procedure
Bilateral:
SCO LOI FCO ICPO SPA
Seller: Transaction Records
Buyer: Issues DLC
Seller: Issues 2% Performance Bond (PB)
Seller: Shipment + Pre-shipment Commodity Inspection (CCIC)
Buyer: Payment + Receipt + Receiving Commodity Inspection (CCIC)
Seller Requirements
If The Seller Cannot Provide Previous Transaction Records Or Cannot Demonstrate Previous Iron Ore Export Experience, The Seller Must Issue A 2% Performance Bond (pb) Before The Buyer Opens The Lc.
We Are Seeking Reliable And Experienced Direct Sellers, Miners, Producers, Or Authorized Exporters Worldwide Who Can Supply Iron Ore Meeting The Above Specifications And Fulfill The Trial Shipment And Subsequent Monthly Contract Volumes
HS Code: 260111
