Product Overview

Description

                                       Magnetite Iron ore – Fe 65%

 

Chemical Analysis Dry Basis (105°C)	Basis	Rejection %	Bonus (Pro-rata)	Penalty (Pro-rata)
Fe	65.00	62.00	$ 2.00 / 1 %	$ 2.00 / 1 %
SiO2	2.00	5.00		$ 0.05 / 1 %
AI2O3	1.20	1.50		$ 0.05 / 1 %
P	0.10	0..15		$ 0.05 / 0.01 %
S	0.10	0.15		$ 0.05 / 0.01 %
Zn	0.04			n/a
Pb	0.04			n/a
Moisture	8.00	9.00
Size 1	10m above			$ 0.20 / tons

 

 

*  rest of components subject to the agreement of Buyer and Seller

*  Bonus / Penalty scheme to be applied at the port of loading only.

 

Country of origin:                          Mexico

Loading Ports:                               Port of Manzanillo

Unloading Ports:                           Major ports in Vietnam, China, Southeast Korea.

Vessel Capacity:                           100,000 tons

CFR Price:    Platts Fe 65 less $ 3 / wmt

If the Platts goes down to $ 85 / ton, Buyer and Seller will re-negotiate the CFR prices.

 

Inspection:                                      SGS / CIC paid by the seller and performed at the loading port and will be binding for the quality

                                                       for both buyer and seller.

Bonus / Penalties:                       To be calculated against SGS / CCIC Mexico test report only.