Iron Ore Fines

63.5% (Rejected if is below 62%)

Moisture

10.0% Maximum (@ 105 Deg. C)

P

0.07% Maximum

S

0.02% Maximum

AL203

3.0% Maximum

Si02

3.0% Maximum

Granular Structure

95% below 10 mm., Above 10 mm. 5%

Origin

India

Packing

Bulk, Minimum Shipment 50,000 Mt.

Discharge Rate

25,000 Mt. Minimum per day

Shipments

50,000 Mt. Minimum

Inspection

SGS or CIQ at Loading Port

Payment

Terms and Conditions, Documentary Letter of Credit from Acceptable bank for 100% full amount of contract, payable at sight.  DLC must be Irrevocable, Transferable and Revolving. DLC must be Confirmed by Buyer.  Confirmation must be from a Top 20 World Bank.

Performance Bond

2% of the DLC Value in favor of the Buyer

Documents

Full set of Clean on Board Bill of lading signed by the Mater of the Vessel also indicating the Vessel’s Stamp and Showing “Clean on Board and Freight Prepaid”

Commercial Invoice

Packing List

Inspection Certificate by SGS or CIQ

Certificate of Origin

Certificate of Quality and Quantity

Wet weight of the shipped goods, Moisture Content in the goods.

Customs Declaration and Original Quality Certificate issued by the Mine/Mill

Copy of Fax advising shipment details to the Buyer within three working days after completion of loading

Destination

Any Port in Japan, China, South Korea, Vietnam, Taiwan, Malaysia.