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1.1. SELLER must deliver to BUYER sinter feed iron ore,as described in Article 2nd .

1.2. SELLER must deliver to BUYER **0,**0 (One hundred fifty thousand) metric tons per month for twelve months starting from the first shipment.

1.3. The quantity specified in 1.2 may be modified up to *0% above or below specification in each shipment, due to logistics.

 Article 2nd. CIF China  and delivery ports

2.1. SELLER must deliver to BUYER the iron ore, CIF China INCOTERMS, wholly or partially in following port: Sepetiba, state of RJ. 

2.2. SELLER must execute the first shipment in the following quantities per port: **0.**0 Ton, in ****0 days.

Article 3rd. Specification and certification

3.1. SELLER must delier to BUYER ore with the chemical specifications indicated below:

Fe: *4,*0% Rejection < *3,0%

SiO2 : 3,5% Rejection > 4,*0%

P: 0,*6% Rejection > 0,*8%

Mn: 0,*9% Rejection > 0,*5%

Al2O3 :2,*0% Rejection > 3,5%

S:      0,*2% Rejection > 0,*7%

CaO: 0,*0% Rejection > 0,*0%

MgO: 0,**8% Rejection > 0,*0%

K2O:  0,**8%

Na²O: 0,*3% 

Fe²0³: *1,*0% 

LOI: 0,*1% 

TiO²: 0,*8% (less than 0,*0%)

3.2.SELLER must deliver to BUYER ore with the granulometry specified below:

FREE MOISTURE LOSS AT 8.*0% MAX **5 0C (H2O MAX 8.*0%) BASED ON DRY SEASON. RAINY SEASON IS (± 5%) = SIZE 6.*5MM –*8.1MM *0% MIN / ABOVE *8.1MM 5% MAX / BELOW 6.*5MM 5% MAX

3.3.Specifications in items 3.1 and 3.2 are to be certified by the company SGS do Brasil Ltda, or other approved by BUYER, on each railroad shipment.

3.4.The samples for the certification will be taken from each wagon from the train, after completion of loading.

3.5. BUYER may appoint an employee to collect the sample and analyze the material. SELLER may be present and receive a similar sample, in order to provide a counterproof of the results.

3.6.Specifically to the first shipment, on the occasion of the signature of this contract BUYER may visit SELLER’s mining site in order to check the ore and analyze its samples for the counterproof referred in item 3.5.

 Article 4th. Price

4.1.BUYER must pay SELLER the equivalent in Brazilian Real’s (R$), on the date of each payment, to US$ **0.*0 (One Hundred and Fifty American Dollars) per metric ton of ore.

4.2. The exchange rate for the conversion to obtain the amount in Brazilian Reals is the PTAX of the date the payment is due, as published by the Banco Central do Brasil.

4.3. Any change in rates and fees or taxes that have direct impact on the price of the product under this contract, will focus on automatic changes in the price. Without the need to CLAIM writing the affected part. Under conditions in which the SELLER has the goods available to the BUYER.

 Article 5th. Payment

5.1.BUYER must pay the amounts to SELLER in cash, or by an operative MT **3 credit transfer, or DLC in the bank account informed below:
[specify]
 

5.2.BUYER must pay SELLER on each loading and shipment, in the following manner: