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Iron Ore Buyers

  • USA USA  
  • Last Updated:
    Posted on: 21 Oct 2020

  • Buying Frequency: Monthly

RFQ Details

Letter of Interest
We are a broker dealer and investment banker and we represent an Asian buyer of Iron Ore and are issuing this Request For Proposal (RFP) for the purchase of Iron ore under these guidelines:

The Main Operating Procedure:

1. The seller will issue an FCO and contract draft. Buyer will confirm the FCO and draft.
2. Seller will send their export license, mining ownership certificate, CCIC/SGS and 2kg of sample via UPS to our Los Angeles address.
3. Seller will provide Past Performance Information; 1-2 Bill of Ladings (redacted)
And any other documents of previous exports you have in file to show performance
4. Buyer may see factory/ mine before signing contract.
5. The Buyer and Seller will confirm and sign a Contract in person.
6. Buyer will confirm Seller's Performance Bond (PB) draft and Seller will confirm Buyer's LC draft.
7. Within 5 banking days of Contract, Seller shall directly or indirectly (through a subsidiary), issue applicable non- operative Performance Bond 2% PB to Buyers bank.
8. Buyer will receive seller 2% (PB) and within 5 banking days, shall issue irrevocable LC, which will automatically activate the PB.
9. Buyer will inspect the Cargo/goods at loading port.
10. Shipment commences as per contract.

Amounts
11. M/M per month supply: 150, 000 M/Tons and higher. Rated by type of iron ore
12. Required shipping: CIF CHINA Tianjin Ports: best offer necessary. Or FOB port of origin

Specifications
13. Specifications to be confirmed are as follows:Element: Fe: Starting from 62% onwards
SIO2: BELOW 10%
AL2O3: BELOW 6%
P/S: BELOW 0.1%
SGS/Analysis Report to show the metallic qualities.
14. Iron Ore Hematite and Magnetite are both needed (Lumps and Fines are both accepted)
No


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