Posts Tagged iron ore 66%


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

  1. Buyer issues Letter of Interest (LOI).
  2. Seller Issues FCO with detailed specification.
  3. Buyer Issues Irrevocable Corporate Purchase Order (ICPO).
  4. Seller issues Sales Contract (SPA) and both parties agreed on it and sign the SPA.
  5. Within 1-2 working days after signing the Contract (SPA), seller then issues Pro-forma Invoice.
  6. Within 5 banking days after receiving Seller’s Pro-forma Invoice, the Buyer then presents his LC via Bank to Bank system.
  7. Seller then carries out packaging, loading and shipment begins.
  8. 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.

Product Enquiry Form

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