IRON ORE

TERMS: Commodity Purity 63.09 basis – 71.34% <62.00% rejection Shape Fines 0-30 Origin Sinoloa, Mexico Mining lot Mines La Nortenita and La Verde - Mexico Loading port Potolobombo – Mazatlan optiional Price Net CIF Platts MINUS 14% - FOB Platts MINUS 25% Payment 100% DLC Irrevocable, transferable at sight payable at port loading against BL & SGS Quantity 50k to 60,000 max. first 2 months – 120k to 130k mts max 3 rd month to 36 month. Contract  12 months up to 36 and rollover up to 60 months Shipping Terms: 1 st or 2nd shipment FOB. All others CIF after that for duration of contract. We have verifiable past performance exporting. Shipping to commence 35 to 40 days from opening LC. Every 30 days after first shipment. Three days to upload cargo – From 23 to 28 days discharge at most ports Chins