Dear All,

If interested in Iron ore below, pls let's know:

*Subject unsold*

Product: Iron Ore Sinter Feed (SF).

Origin: XXXXXXX, Brazil.

Volume: 1 shipment of 190,000 wmt, +/- 10% in MOLOO’s option.

DELIVERY TERM: FOB (as per incoterms 2010) - XXXXXXXX – laydays August 20th - 30th, 2024. Representing October arrival in China.

Guaranteed Specs:

Specification Guarantee

Fe          61,00%

SiO2      7,50%

Al2O3   1,50%

P            0,08%

LOI         3,00%

H2O       10,00%

>1mm   25,00%

<0,150mm  65,00%

Price:

Price: Avg of IODEX over month of NOR at Discharge - 7.0% discount.

To be the Monthly average of Platts 62%Fe IODEX /DMTU over of NOR at discharge is given minus a discount of 7.0% 

Quality price Adjustments (fractions pro rata):

Fe: for every 1% Fe above or below guaranteed, base price shall be adjusted up or down by Platts Per 1% Differentials over the QP following the respective band where guaranteed Fe content start from;

Al2O3: for every 1% Al2O3 above guaranteed, base price shall be adjusted down by Platts Per 1% Al2O3 Differentials over the QP following the respective band where guaranteed Al2O3 content start from;

SIO2: for every 1% SiO2 above guaranteed, base price shall be adjusted down by Platts Per 1% SiO2 Differentials over the QP following the respective band where guaranteed SiO2 content start from;

P: for every 0.01% P above guaranteed, base price shall be adjusted down by Platts Per 1% P Differentials over the QP following the respective band where guaranteed P content start from;

Payment term:

Letter of Credit (L/C) at sight, to be opened by a first-class bank acceptable to Seller, five days before the first day of Laycan.

L/C must be opened for 100% of the expected value of the shipment ± a tolerance of 10%.

L/C at sight covering 100% of the cargo to be disbursed 95% with B/L and balance 5% after Fe final.

- Shipping Documents – Loading Port:

Full set (3/3) of all original Bills of Lading (BLs), clean on board

Seller’s provisional invoice (in triplicate)

Certificate of Quality issued at the port of load.

Certificate of Weight issued at the port of load.

Certificate of Origin.

- Shipping Documents – Discharge Port:

Seller’s final invoice

Certificate of Quality issued at the Discharge Port (copy)

Certificate of Weight issued at the Discharge Port (copy)

Balance payment shall be made within the latest 10 working days from the presentation of shipping documents.

- Weight, Size and Analysis: Final weight, moisture and quality shall be determined in accordance to the below.

Discharge Port

Average of Loading and Discharge Port

Average of Umpire Analysis Fe

- Quality Difference

Difference between 0% and 0.50%

Above 0.50% & below or equal to 1.00%

Above 1.0%

In the event that there is a difference of no more than half (0.50) percentage point or equal to half (0.50) percentage point between the analyses of Fe content (%) (dry basis) at Loading and Discharging Ports, the results of the analysis at discharge Port shall be final.

In the event that there is a difference of over half (0.50) percentage point but no more than one (1.00) percentage point between the analyses of Fe content (%) (dry basis) at Loading and Discharging Ports, the average of the two results shall be final;
If there is a difference of more than one (1.00) percentage point between the analyses of Fe content (%) (dry basis) at Loading and Discharging Ports, the Parties shall consult to reconcile the difference. In case an agreement cannot be reached after the reconciliation, the Seller (loading) and Buyer’s (discharge) certified sample sealed and retained for umpire analysis shall be forwarded to an umpire analyst to be chosen by mutual agreement between Buyer and Seller, who shall analyze such sample. The average of the two results of the umpire analysis shall be final and binding upon the Parties.

Final Dry Weight shall be calculated based on the weight in WMT stated in the Inspection Certificate of Weight and deducting the H2O content stated in the Inspection Certificate of Quality, both issued by CIQ/Customs/CCIC at the Discharging Port.