COMMODITY: IRON ORE, 63,5% Fe Reject 62%.
ORIGIN: Totoralillo, Port - CHILE.
QUANTITY: 100.000 - 150.000 MT per 12 months.
INSPECTION: SGS CHILE at loading Port.
PERIOD OF DELIVERY: 45 days after the confirmation of the Financial Instrument
Delivery will be in 12 consecutive months.
Shipments for the first 12 months:

PRELIMINARY SPECIFICATIONS:

CHEMICAL ANALYSIS: Iron (Fe) 63,5%
Al2O3: Max 2.00% Rejection above 3.00%
SiO2: Max 4.55% Rejection above 5.00%
P: Max 0.04% Rejection above 0.10%
S: Max 0.01% Rejection above 0.08%

PHYSICAL SPECIFICATION:

Size: At least 90% 15 mm and under.

PRICE: US$ 98/ MT FOB
COMMISSIONS: US$0,50 Buyer mandate group
PAYMENT PROCEDURE: DLC Irrevocable, Transferable, Divisible and confirmed in the Buyer´s Bank.

CONTRACT PROCEDURES:

1.- The Buyer sends at Seller a Letter of Intention (LOI) complete including banking information.
2.- In answer of Letter of Intention (LOI), Seller issues Full Corporate Offer (FCO) in favor of the Buyer.
3.- Buyer returns Full Corporate Offer (FCO) signed and stamp accepting price and terms of sale.
4.- Seller approves and sends the Draft Contract with the Draft Financial Payment Instrument.
5.- Buyer approves and sends signed and stamp Draft Contract.
6.- Seller returns signed and stamp the Contract and later issued the Hard Copy via e-mail for Buyer.
7.- Buyer open and makes the POF (Proof of Funds) to Seller´s Bank.
8.- Seller opens and makes the POP (Proof of the Product) to Buyer´s Bank.
9.- Buyer opens operative DLC. The buyer provide the funds the DLC to the bank, blocked and confirmed in your account.
10.- Seller opens and begins the 2% of Performance Bond and notify the Buyer.
11.- Shipments start per Contract terms.

* ALL DEALS MUST BE DONE BANK TO BANK.
* WE DO NOT WORK FROM THE BUYER´S PROCEDURES, THE BUYERS MUST BE AGREE AND FOLLOW THE SELLER´S PROCEDURES. THE SELLER WILL NO ALTER THEIR PROCEDURES.

If you are interested, please send a LOI + BCL + IMFPA

Contact us also via Skype: globofx