Posts Tagged iron ore
Iron Ore 62%-66% available
Product: IRON ORE 62% – 66%
Quantity: 50,000 MT – s200,000 MT
Frequency: Monthly
Incoterm: FOB/CIF
Origin: MEXICO
Port: Lazaro Cardenas Colima Mexico
Price: 60 $/ MT AND 70 $/ MT
Payments: 100% LC (Not Transfereable and Irrevocable)
Performance Bond: 2%
Procedure
- Buyer issues Letter of Interest (LOI).
- Seller Issues FCO with detailed specification.
- Buyer Issues Irrevocable Corporate Purchase Order (ICPO).
- Seller issues Sales Contract (SPA) and both parties agreed on it and sign the SPA.
- Within 1-2 working days after signing the Contract (SPA), seller then issues Pro-forma Invoice.
- Within 5 banking days after receiving Seller’s Pro-forma Invoice, the Buyer then presents his LC via Bank to Bank system.
- Seller then carries out packaging, loading and shipment begins.
- After shipment process has finish – Seller provides the Buyer with all Shipping Documents after which within 3 Banking days, the Buyer makes full payment via T/T deposit into Seller’s exposed account.
Please contact us with your requirements.
Iron Ore (Fe) 63.5% (Rejection Below 62.5%) – Mexico
Price
US$139/MT
Quantity
65,000 MT (Metric Ton)
Maximum 600,000 MT per month
Payment
Letter of Credit (L/C)
– 98% on sight in Seller’s Port
– 2% in Main Port China
Contact us for more details with your Letter of Intent (LOI).
Shipping Terms
C&F (Cost and Freight) Main Port China