Irrevocable Corporate Purchase Order
To Whom It May Concern,
We, F________________, would like to buy Iron Ore Fines
from your good company, the details as follows:
1. Commodity: Iron Ore Fines
2. Origin: Brazil
3. Specifications (chemical composition on dry basis)
Moisture: 8% max
(free moisture loss at 105Centigrade)
Size: (on natural basis)
8mm- 14mm 7%max
4. Quantity: Each month: 200,000wmt (+1-10%)
Whole year: 200,000wmt x 12 month = 2,400,000wmt (+1-10%)
Loading Port: Sepetiba, Brazil
Discharging Port: Any Main Port, China (each shipment should fix one or two
port when open L/C)
5. Price: USD145/DMT CFR Fo China Main Port, based on Fe 64.5%, fraction
6. Payment Terms:
Within 5 banking days after the Buyer reception the seller's SBLC (Standby L/C)
covering 2% shipment value as performance guarantee, The Buyer will issue
Irrevocable L/C at sight covering 100% of cargo value of each shipment in favor of
Seller with 95% value for provisional payment based on Loading port results issued
by SGS I CCIC, and balance value for final payment based on CIQ results issued at
discharging port, and CIQ result is the final. If such L/C needs to be confirmed,
Seller done it themselves and such cost should be for Beneficiary's account.
Spec FE 64.5% (Reject 63.5%)
Price $145/MT CIF , China
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