CORPORATE ITC

Minerals for Sale

NEW 2014 Soft Offer - Iron Ore 53% - LATAM / PERU - 100,000 Mt monthly. Yearly Contract

 Yearly Contract - Extension 3-6 years - Price FOB  US$ 44 Pmt. 

 

 

 

 

Dear Sir:

  

Please be advised that we have negotiated this outstanding offer from Peru at reduced Price in FOB Basis

 

 

 

CORPORATE SOFT OFFER

Iron Ore 53 %

 

 

 

To: End Buyer

 

Seller group, hereby declares and confirms that is ready, willing and able to sell the commodity as per specifications and in the quantity and price as specified in the terms and conditions as hereinafter set forth. This representation is made with full corporate authority and responsibility of the above.

 

Commodity:     Iron Ore Fe 53 % - rejection below Fe 50%

Quantity:          100,000 Mt monthly shipments – 1,200,000 Mt first Year.

Contract for 3 years, extendable to 6 years, 150,000 Mt per month from 2nd year and 200,000 more by Third year or (a contract 5 to 6 million tons for 3 years).

 

 

Specifications:

 

Chemical Composition (on dry basis)

Fe          Iron Ore Fe 53% - Rejection below Fe 50 %

P             < 0.10 % Max

S             < 0.10 % máx.

SiO2       10 % máx.

Al2O3     7.0 % máx.

Mn          1.0 máx. 

Cao         3.5% máx.

MgO        0.5 máx.             

 

Na2O      0.5 max

K2O        0.5 max.

Moisture H2O: 8%  max.

 

Size Distribution:

 

ITEM Expected (%) GUARANTEED (%) 

-       100 mm + 4mm …………..80%   min.

-       +100 mm ………………… 5% max.

-       - 4 mm…………….……….15% max.

 

Packing:                      Bulk

 

Loading Port:              Lambayeque, Coastal region in Northern Peru, close to Mining Project - Transshipment with Barges 100,000 Mt..

 

Delivery Schedule:      Bulk, 100,000 Mt monthly during first year. Contract for 3 years, extendable to 6 years, 150,000 Mt per month from 2nd year and 200,000 more by Third year or (a contract 5 to 6 million tons for 3 years).

 

Price FOB                    US$ 44.00 PMT, Certified by SGS or ALEX STEWARD

 

Contract Duration:       3 Years minimum.

 

Inspection:                  SGS or Alex Stewart (Assayers),

 

Type of Payment         DLC or RDLC – Irrevocable, NON transferable issued by TOP World Bank and paid 100% at Sight.       

 

First Delivery terms:    60 days after issuance of Letter of Credit, for the First Shipment then every 30 days.

 

Performance Bond:     2 % of one Shipment. 

 

 

 

 

 

INTERNATIONAL PROCEDURES

 

 

 

1.Buyer issues  LOI or ICPO with full banking coordinates and permission for Soft probe.

2.Seller issues the FCO

3.Buyer signs, seals and returns the FCO.

4.Seller issues Draft Contract.

5.Buyer signs the Draft Contract and sends it back to the Seller.

6. Seller issues final Contract to the Buyer .

7.Buyer's bank sends by swift to the Seller's bank the POF  for the whole amount of the contract value.

8.Seller's will send the POP to the Buyer's bank

9.Buyer's bank issues and sends by swift the non-operative  LC 100% at sight to the Seller's bank within 48 hours. After receive the POP.

10.Seller posts Performance Bond ( PB ) for the value of 2,0% and LC becomes operative.

11.Shipment begins. Buyer can made a physical inspection together with SGS or ALEX STEWARD at the time of loading of product.

 

 

 

 

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NEW 2011 Soft OfferPeruvian Bituminouse Steam Coal 7,200 K/Cal - 25,000 mt per Month in FOB Basis.

 

 

 

Dear Sir:

 

We have the pleasure to inform you that our group have negotiated this excellent option related to Peruvian Steam Coal 7,200 K/CAL from Peruvian Mine.

 

CORPORATE SOFT OFFER

Peruvian Steam Coal 7,200 K/CAL

 

 

Commodity/Tipo de Mineral    :             Peruvian Steam Coal, Crushed in Bulk.

Quantity/Cantidad:                               15,000 Mt First Trial Shipment, second shipment 20,000 Mt, from third Shipment  25,000 Mt x 10 Months >  285,000 Mt  Total Year  -    

Specifications/Especificaciones:          According to Lab Analysis - July 2011 Bituminous coal over 7,000 K/CAL

DRY BASE/BASE SECA

 

 

Inherent Moisture  - HUMEDAD (%):                              6.30

 

Volatile Matter - VOLATIL (%):                                      20.70

Ash Content -  CENIZAS (%):                                        4.80

Total Sulfur  -  AZUFRE (%):                                         0.96

Fixed Carbon - CARBON FIJO (%):                                73.53

Gross Calorific Value- Poder Calorifico (KCal/Kg):           7254 Kcal/kg     Rejection below 7000 Kcal /kg

 

Packaging: in bulk from 1mm to 120mm (ROM).

 

Delivery Schedule/Programa de Entrega: 

15,000 Mt First delivery (Sep/Oct  2011) delivery in 60 Days after receiving the L/C without PB

20,000 Mt – Second delivery in 30-45 Days with PB of 2%

25,000 Mt – Third Shipment x 10 Months between 30 to 45 Days with PB of 2%

 

Loading Port/Puerto de Carga: Puerto de El Callao, en Lima  or Seller´s choice close to LIMA.       

Price/ Precio x TM :                  US$ 129 Pmt - FOB Callao in Bulk, quarterly price review.

Contract Length/Duración del Contrato: 1 año extendible a 3 años

Payment Terms/Forma de Pago:         

DLC : Irrevocable, Confirmed, NON transferable or Transferable issued by TOP World Bank and paid 100% at Sight – First Shipment / Primer Embarque.

RDLC – Irrevocable, Confirmed, NON transferable or Transferable issued by TOP World Bank and paid 100% at Sight.    From second shipment until finish the first year contract

 

First Delivery terms:    60  days after issuance of L/C, from 2 shipment each 30-45 days.

 

Inspection:                  SGS or Alex Stewart at Seller´s cost.  

 

Performance Bond :    2 %  of ONE shipment for Yearly Contract, extendable to 3 years.

Trial Shipment NO PB

 

Visit to the mine after signing Letter of Credit / Visita  a la Mina luego de firmar Carta de Credito

 

 PROCEDURES

 

 

1. Buyer issues  LOI/RWA  with full banking coordinates and permission for Soft probe.

2. Seller issues Draft Contract.

3. Buyer signs the Draft Contract and sends it back to the Seller.

4. Seller issues the final Contract to the Buyer.

5. Buyer's bank issues and sends by swift the non-operative  LC 100% at sight to the Seller's bank within 48 hours.

6. Seller posts Performance Bond (PB) for the value of 2,0% and LC becomes operative.

7. Shipment begins. Buyer can made a physical inspection together with SGS at the time of loading of product.

 

This representation is made with full corporate authority and responsibility of the above..

 Photos & Lab Analysis after LOI approval

 

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NEW 2011 Soft OfferManganese 48% - Brasil - 50,000 Mt p/Month - Guaranteed Mn 45% - CIF Basis

 
 We have the pleasure to inform you that our group have negotiated this excellent option related to Manganese in CIF Basis from Brazilian Mining Group.

 

 

CORPORATE SOFT OFFER

Manganese 48% - Brazil


 

 

Date: December, 2011

 

 

Commodity                   : Manganese 48%, Guaranteed 45%, Rejection below 43%.

Origin                           : Brazil.

Quantity                       : 50,000 dry metric tons per month

 

 

SPECIFICATIONS (Chemical composition)

Item                 Expected         Guaranteed                Rejection

Mn                   48,0%              45.0%                          Below 43%

SiO2                 1,1%               1,1%                            1,5% Max

Al2O3               1,5%                2,0%                            5,0% Max

Fe2O3              6,00%                          3,00%                          7,00% Max

CaO                  0,5%                           1,0%                            1,1% Max

K2O                 0,5%                0,5%                            1,0% Max

MgO                 0,5%                0,5%                            1,0% Max

TiO2                 0,05%              0,5%                            1,0% Max

P2O5               0,5%                0,5%                            1,0% Max

Na2O               0,5%                0,5%                            1,0% Max

BaO                 3,00%              5,00%                          5,10% Max

LOI                   7,0%                8,1%                            10,0% Max

Size                 7.5mm100mm

 

 

QUANTITY AND INCOTERMS

 

Duration contract           : 60 months, subject possible rolls and extensions

Type of shipment           : CIF - Cost Insurance and Freight, unless otherwise specified herein INCOTERMS                      : 2000 and / or any amendments or replacements there of shall apply.

Packing                        : Bulk

 

DELIVERY

Port of Loading              : Brazilian Port

Port of Discharging        : CHINA

 

PRICE                          US$ 264.00 per metric ton

 

PAYMENT TERMS

For the spot or trial: Transferable DLC is accepted

For the Contract: Buyer-importer shall open DLC at sight, Confirmed, Divisible, Irrevocable, Transferable and payable in favor of the Seller. The Supplier will receive the sum of prices CIF. The LC will be issued by the Buyer-importer through a bank listed in the top 25 banks http://www.bankersalmanac.com/addcon/infobank/bank-rankings.aspx in the world located in Europe or North America countries. The payment will happen against presentation of shipment documents of Loading Port including the respective SGS certificate.

 

 

SHIPMENTS

The first shipment / lot will be effected within 30 - 45 (between thirty and forty-five) days after the receipt of workable L/C at negotiating bank after completion of all amendments, if required. Such amended requests shall be completed by Seller/Buyer within five working days.

 

 

PROCEDURES

 

1. Seller issue SCO

2. Buyer issue LOI / ICPO / SOFT PROBE

3. Seller will check the documents and the Buyer funds. If the Seller approves the Buyer financial

status, he will issue the FCO.

4. BUYER signs FCO and sends it to Seller with NCNDA also signed and sealed within 12/24 hours

via e-mail and / or facsimile.

5. SELLER will send the Draft Contract to the BUYER by e-mail for him to review.

6. Concluded reviews, the BUYER will return the draft contract duly signed and sealed to the

SELLER by e-mail within 12/24 hours.

7. SELLER will issue 4 (four) hard copy of this contract sign and seal and send to the BUYER per

courier service and 1 (one) copy by e-mail. BUYER in turn, within 48 hours, will sign and seal the

hard contract and send back to the SELLER 2 (two) copies per courier service and 1 (one) copy

by e- mail. Said signed contracts being exchanged electronically will be deemed as original and is

legally binding until hard copies are exchanged by Courier - DHL or other.

8. Buyer and Seller deposit a copy of the executed Contract to their respective Banks.

9. Within 3 (three) banking days, Buyer Bank sends a Non-operative Payment Instrument (DLC)

10. Within 48 hours Seller's Bank sends Proof of Products (POP) + PB 2% via Swift Bank to Bank

methods to the Buyer’s Bank

11. DLC turns operative.

12. Schedule of delivery is signed and approved by SELLER and BUYER

13. Delivery begins as per full terms of this contract.

 

 

NOTES

Visit to Mine site after signing Contract with signed Authorization by Mining Group

Photos & Lab Analysis after LOI approval

 

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