MINERALS

• HMS 1&2

• Iron Ore 64.5% FE         

HMS 1&2

PROCEDURE A
 (No SGS as Payment Documents)

1. Buyer issues LOI in our proper format exclusively issued to WWG and BCL

2. Seller provides Draft Contract. This is now taking 5 business days generally ;

3. Buyer initials, seals, endorse and returns Draft Contract within 96 hours of receiving (4 days). Any longer than that and the Supplier withdraws his Offer. FPA Information sheet is supplied to Brokers to be returned with copy of passport;

4. Seller reviews and confirms any changes made in draft contract Final Contract issued to Buyer.  The signed originals of the Final Contract are sent via e-mail.  

5. Buyer provides proposed LC text to the seller for approval

6. Once seller approves LC text, buyer provides Proof Of Funds bank-to-bank to seller’s bank

7. Within 5 banking days of receiving POF, the seller provides Proof of product bank-to-bank.

8. FPA agreement is supplied to agent to be distributed, signed and returned to WWG

9. Buyer issues non-operative LC in favour of the seller within 7 days of Final Contract signing.

10 Seller issues 2% Performance Bond within 7 banking days of receipt of the non-operative LC.

11 LC is activated .  Final FPA is supplied to those involved;

12 Shipping commences as per schedule. SGS Inspection occurs as Vessel is being loaded. 

 DOCUMENTS REQUIRED FOR PAYMENT:

 1. A full set of Clean on Board Ocean Bill of Lading signed by authorized representative from the Shipping Ocean lines, signed by the Master and showing the vessel’s stamp and marked CLEAN ON BOARD;

2. Commercial Invoice issued by the Seller showing Contract Number, description of goods, pieces of bundles of goods, unit price, total amount, gross/net weights of the goods;

 PROCEDURE CONTRACT SALES (12 MONTHS )

 

HMS 1&2

HMS 1

USED RAIL

30,000 mt/month

$205.00

N/A

$215.00

60,000 mt/month

$200.00

N/A

$210.00

90,000 mt/month

$198.00

N/A

$205.00

120,000 mt/month

$193.00

N/A

$203.00

150,000 mt/month

$191.00

N/A

$201.00

180,000 mt/month

$189.00

N/A

$199.00

200,000 mt/month

$187.00

N/A

$198.00

300,000 mt/month

$186.00

N/A

$196.00

TERMS OF PAYMENT :

IRREVOCABLE, CONFIRMED, DOCUMENTARY, TRANSFERABLE, REVOLVING LETTER OF CREDIT

Origin:

Europe, Poland, Romania, South Africa, Russia, CIS Countries, or as designated by the Seller

Iron Ore 64.5% FE

COMMODITY : Iron Ore

ORIGIN : Brazil

SPECIFICATION : 64.5 % Fe content

Rejection 63.5%

COMPOSITION:

Al203

0.70%

Rejection above:

2.00%

Si02

3.00%

Rejection above:

5.00%

S

0.01%

Max:

0.03%

P

0.03%

Max:

0.06%

K2O

0.01%

CaO

0.02%

MgO

0.03%

Na2O

0.01%

TiO2

0.08%

Mn

0.15%

Sn

<0.01%

Chromium

<0.005%

Zinc

<0.005%

LOI

0.08%

Physical characteristics: -

0.15 mm – 3 mm

30% min

3 mm – 5 mm

60% max

5 mm – 10 mm

10% max

Moisture: -

8.00% at 105 degrees centigrade

 
OUR SPECIALTIES
Bulk Products:
Sugar.

Fertilizers:
Urea.

Bulk Minerals:
Steam Coal

Energy:
Crude oil,
High-Speed Diesel Fuel.
CONTACT US OUR PARTNERS