Indian Iron ore fines grade 63.5%(rejection 62.5%):

Trial quantity:30,000 MT/40,000 MT
Quantity:100,000 MT x 12 months
Delivery term:CFR or FOB
Payment:Irrevocable,Revolving,Documentary Letter Of Credit at sight 100% after SGS inspection at loading port.

SPECIFICATIONS
A.      Chemical Composition (On Dry Basis Guaranteed)
Fe 63.5% Fe basis rejection below 62.5% Fe
SiO2 4.50% max
Al2O3 3.50% max
Phosphorus 0.06% max
Sulphur  0.06% max
Moisture 10.00% max

B. Physical Properties
Size Distribution:  below 150 microns30% max
0mm-10mm     90% min
above 10mm 10% max

Procedure:
1. Buyer sends LOI+BCL
2. Seller issues FCO.
3. Buyer returns signed FCO
4. Seller issues draft contract with bank details.
5. Buyer signs/seals contract and return if acceptable as final and informs Seller of LC opening in prime bank.
6. Buyer open non-operative LC. This is activated as the Seller issues Performance Bond(2%).
7. Hard copies of contract are signed and exchanged via courier service.

If you have interest,please send us your enquiry in email.