The contractual agreement with
the Buyer for the sales of the
following commodity is as
follows: Commodity: Iron Ore
(fines) Origin: West
Sumatra
Loading Port: Teluk
Bayur Open Sea Port
Delivery: CIF Qing
Dao or Tian Jin Port, China
Quantity: Trial +/-
30,000 MT (maximum ship
capacity of port), 60,000 x 12
month, can go to 120,000 MT. Loading Rate: 5,000MT/day
Price: Payment: Irrevocable at sight LC for 100%
of the contract value at loading
port in the form and from a bank
acceptable to the Seller with a
2% PB
Inspection: SUCOFINDO, CCIC, INTERTEK, SGS
Specification: No. PARAMETER
UNIT
TEST RESULT
1. Iron (Fe) %wt
63% - 61.5%
Basic Rejection 61.5%
2. Magnesium (MgO) %wt
Max 1%
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