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Iron Ore **0,**0 MT /mo WANTED

  • USA USA  
  • Quantity Required: 400,000
  • Last Updated:
    Posted on: 20 Sep 2024

  • Destination Port: USA
Buyer Information

RFQ Details

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 seller's 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 seller's 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 instrument
11. Shipment starts as contract terms.

When sending Sample:
It must come with related SGS report

Some other things to know:

Length of Contract: Min 2 to 5 year contract
Amount of Material: 400.000MT/month
CIF and or FOB Pricing to Tianjin, China .
Mine location,
mine details & capacity
Port Capacity, Loading speed per day etc.
2% Performance bond

Buyer 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 4
AI203 0.82% Max Rejections 1.5
Phos 0.07% Max
Mn 0.001%
Sulphur .01% Max
Moisture 8.0% Max with loss at 105 degrees
Physical Size: less than 10mm 90% Min Greater than 10mm 10% Max


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