Trade Lead Description:
Commodity: Iron Ore
Origin: Brazil
Price Revision: Quarterly
Specification: 65% Fe, (64% Fe rejection) See Appendix B
Packing: In Bulk
Payment: Irrevocable, Revolving, Non-Transferable Documentary Letter of Credit (DLC) that is acceptable to Seller and payable at sight 100% in USD. DLC is to be payable at sight against presentation of Documentation.
Loading Port: TERMINAL PEIU / Vitσria / Espνrito Santo / Brazil
Delivery Port: Safe World Sea Port
Delivery: First Delivery shall commence 30-45 days after LC is opened and accepted by seller. Shipments shall then follow terms of the contract each month.
Contract Term: 12-60 months
Performance Bond: 2% value of the each shipment auto revolving to consecutive shipment, to be submitted by Seller.
Inspection: Quality, Quantity, Weight by SGS at Seller Posted from Togo - Maritime on 20 February, 2006
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