Looking for Iron Ore
Do you have the shipped report of Indonesia Iron Ore at 64.5%.
It is not known at all, even iron ore 63% is not stable at all in
Indonesia. Can you believe there is 64.5%, this must be kidding.
Any proof seller can show us. We prefer Brazil or Mexico Iron
Ore Fines or Lump (size not greater than 50) 63% or 64.5%.
For China, you know they want it CIF, they don't believe Indonesia
even will get goods ready if they send vessel. Payment is always
non-transferrable LC at sight 95% or 98% and 5% or 2% after CIQ
in China. Some buyer accepts 95%+5%. Performance bond 2% non-operative
is always issued by seller first, and buyer will only issue non-transferrable
operative LC upon receipt of seller 2%PB and activate said PB automatically.
Most of Chinese does not believe seller is capable of issuing 2%PB
after receipt of buyer LC. One more thing, inspection at loading port is
CCIC if you have the source and in China is CIQ.
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