Detailed DescriptionCommondity:Iron Ore (Min 64.5%)Origin:BRAZILQuality (Fe content)1. Lump,64.5%. 2. Sinter feed,66.0%. 3. Fines,67.00% 4. pellet feed, 67.80%quantity: 5,000,000MTPrice:$145/MT CIFLoading port:Brazilian portDestination:CIF- ASWPpacking:loose Bulk In vesselshipment:20/30days after buyer isues LC and seller confirms the receipt.Inspection:SGS at loading port.Monthly payments:Irrevocable,divicible,unconditional LCPerfomance Bond:2%PBG to be issued by the seller 2 days before loading.Contract payment terms(choose ONE):SBLC + 3months BG or ARDLC + 3months BG or MT103/23 + 3months BG.Payment mathods:Revolving/standby/divicible/transferable.Spot payment terms:Swift MT-760,MT103/23 with 100% cash transfer against recepit of shipping documents by buyers bank for each shipmet or ARDLC cash 100%.PROCEDURE1.Buyer sends ICPO+BCL+RWA+NCNDA+IMFPA2.Seller approves ICPO+BCL+RA+NCNDA+IMFPA3.Seller issues FCO + contract4.Buyer Bank issues BG (Bank gurantee),Non -operative leter of Credit to the seller.5.Sellers bank confirms POP(proof of Product)via swift ,2%PB ans activate LC(letter of Credit)6.Seller provides buyer with B/L and Quantity and quality report from SGS/equivalent,available at each loaded vessel.7.Shipment commences and wil be done as per the schedule in the signed agreement.