Product Description

Commodity：          Iron Ore 69.0% Fe. Rejection below 68.0%

Definition：                Chemical Composition (On dry basis) Guaranteed (Percentage by weight)

Fe:     69.0% Rejection below 68.0%

FeO:        4.59%

Ai2O3:      0.52%

Ca0:  0.01%

K2O:  0.01%

MgO: 0.1%

Mn:          0.05%

Na2O:       0.1%

S:             0.005%

P:             0.011%

SiO2: 0.73%

TiO2:  0.02%

PF:    0.13%

H2O:  8.00%

Physical Characteristics:

Below 0.15mm-3mm 30% max

                                   3mm-5mm 60% min.

                                   Above 5mm-10mm 10% max.

       Moisture 8.00% max. 105°C

Quantity：                  ****MT in****delivery of 150,000 metric tons (10% ±)  Being that the first shipment will leave the origin port, in 60 days after opening of letter of credit in the value of the same. From as the shipment in ahead the stated period it passes the 60 days for shipment.

Price：                   USD 105.00 - MT FOB.

total amount：            **** USD

Product History：       Clean Clear and no lien of criminal origin.

Payment Currency：  United States Dollars.                 

Port of Loading：       ************

Port of Destination：  ************

Time of Shipment：   within 60 days after receipt of L/C allowing transshipment and partial shipment.

Insurance：               To be effected by buyers for 110% of full invoice value covering _____ up to _____ only.

Payment：                 By 100% confirmed, irrevocable, transferable and divisible L/C to be available by sight draft to reach the sellers before ___/___/_____ and to remain valid for ingotiation in China until 60 days after the aforesaid time of shipment. Tje L/C must specify that transhipment and partial shipments are allowed.

                                   The buyers shall have the covering Letter of Credit reach the Sellers (or notify the Import. License Number) before ___/___/_____ otherwise the Sellers reserve the right to rescind without further notice or to accept whole or any part of this Sales Contract not fulfilled by the Buyers, or to lodge a claim for losses this sustained of any.