Iron Ore 400,000 MT /mo WANTED

RFQ Description

We are representing a large state owned Chinese steel company. They have contracted me to SOURCE 63.5% and above Iron Ore fines or Pellets for immediate delivery. The company requires a sample of the ore and SGS report.The BUYER requires the following procedure: 1. Seller or sellers representative to send soft offer 2. Buyer will issue a LOI address to seller 3. Seller issue Full Corporate Offer (FCO) 4. Send sample of material for approval to buyer and after approval buyer signs FCO and returns it to seller 5. Buyer issues MT799/BCL to sellers bank 6. Buyer returns FCO signed and stamped accepting price and terms 7. Seller sends draft contract with draft financial instrument 8. Buyer sends signed and stamped draft contract 9. Seller returns signed and stamped contract 10. Buyer opens the financial payment instrument11. Shipment starts as contract terms. When sending Sample: It must come with related SGS reportSome other things to know:Length of Contract: Min 2 to 5 year contractAmount of Material: 400.000MT/monthCIF and or FOB Pricing to Tianjin, China .Mine location, mine details & capacityPort Capacity, Loading speed per day etc. 2% Performance bondBuyer will supply LOI AFTER APPROVAL OF SAMPLE.Soft probe is available. Buyer is willing to pay for transportation costs of shipping sample. Commission can be included in the price to customer on a per tonne basis or as a percentage of BG on a yearly basis.The chemical and physical properties listed below are acceptable to the BUYER.Chemical Specifications (On a Dry Basis)Iron Ore Fines 64.5% fe Fe 64.5% Rejection 63.5%Si02 3.7% Max Rejection 4AI203 0.82% Max Rejections 1.5Phos 0.07% MaxMn 0.001%Sulphur .01% MaxMoisture 8.0% Max with loss at 105 degreesPhysical Size: less than 10mm 90% Min Greater than 10mm 10% Max iron ore, iron, 64.5% Iron Ore, Copper Cathodes