Dear Sirs,

We can offer Iron Ore Pellets from South Africa as follows:

COMMODITY: Iron Ore Pellets
ORIGIN: South Africa

SPECIFICATION:

QUALITY:
Fe2O3 min 68-80 % (typical 77%)
Total Fe 55-57 %
Sizes 3-50 mm

QUANTITY: Minimum 150,000 MT/Month x 12Months = 1,800,000MT/Year
PACKING: Bulk
DESTINATION PORT: ASWP
TARGET PRICE: 79$/MT CIF China
INSPECTION: Quality, Quantity, Weight, & Photo by SGS or equivalent at Seller's cost at port of loading.
PAYMENT INSTRUMENT: By 2-3 months BG (Format MT760) or SBLC (Format 3034) on CIF basis. Against following documents: Invoice, Bill of Lading, Certificate of quality and quantity issued by SGS.
PBG: %2

PROCEDURE
1. BUYER PRESENTS LOI+BCL OR RWA OF BUYERS BANK
2. SELLER PRESENTS FCO FOR BUYER’S ACCEPTANCE AND THEN ISSUES A DRAFT CONTRACT;
3. SELLER AND BUYER MAKE EXCHANGE OF ELECTRONICALLY EXECUTED CONTRACT AND ARRANGE THE EXCHANGE OF 4 (FOUR) HARD COPIES.
4. WITHIN 4 (FOUR) DAYS AFTER RECEIPT OF HARD COPY OF THE DOCUMENTS, SELLER PRESENTS VIA E-MAIL A POP IN THE FORM OF A VERIFIABLE PRODUCER’S IRREVOCABLE DECLARATION OF PRODUCT AVAILABILITY TO SELLER. THIS DECLARATION SHALL ALSO HAVE A REFERENCE TO THE AVAILABLE MASTER DELIVERY CONTRACT BETWEEN SELLER AND PRODUCER.
5. BUYER’S BANK ISSUES THE BANK GUARANTEE VIA SWIFT TO SELLER’S ACCOUNT WITHIN 7 (SEVEN) BANKING DAYS UPON RECEIPT OF THE POP.
6. SELLER CONFIRMS TO BUYER THE ACCEPTANCE OF THE BANK GUARANTEE AND ISSUES WITHIN 4 (FOUR) BANKING DAYS THEREOF A PERFORMANCE BOND IN THE VALUE FOR THE SUM OF 2% FROM THE SUM OF BANK GUARANTEE.
7. WITHIN 45 DAYS UPON SELLER’S ACCEPTANCE OF THE BANK GUARANTEE, THE SHIPMENTS COMMENCE PER THE CONTRACTUAL SCHEDULE OF DELIVERIES.

Commission Policy:
Overpricing should be shared 50/50 Buyer side and Seller + Seller side.
If you want 2$/mt commission you should add 4$/mt to offered price
If you want 3$/mt commission you should add 6$/mt to offered price
If you want 4$/mt commission you should add 8$/mt to offered price

Reliability of Supplier:
You could investigate reliability of supplier through Bank to Bank (SWIFT) Inquiry.

If you are interested in and need any Inquiry, please contact us.

Looking forward to hear from you soon.

Best Regards
Hadi MOSTAFAZADEH

Tel: +9821 44705660
Fax: +9821 44721611
E-Mail: hadi5734@yahoo.com