Manganese Ore Lumps (hereinafter called the “Commodity”).
Total quantity: 122,500 Metric tons, +/- 10% (plus/minus ten percent) at Seller’s option for 13 months contract period, which can be Roll & Extension (R&E) for length of periods.
The first order quantity: 2.500 Metric Tons (regarding a trial order), buyer will issue RDLC or Irrevocable L/C, Transferable, payable at Sight from B/L date, that will cover the remaining contractual balance of 120,000 Metric Tons per year and Shipment (monthly basis). Remaining balance will be delivered in equal shipments of ramping up to 20,000 Metric Tons (+/- 10%) Monthly for a period of (12) X Months. The buyer will have an option to increase the volume to 35,000 MT when consistent shipments are completed with rolls and extensions over an extended period.
The RDLC Revolving or Irrevocable L/C, Transferable will be Revolving opened upon each shipment and it shall be valid for (120) calendar days from its issuance date. The price will be negotiated for every 4 (four) months. Partial Shipments Allowed and Transshipment for Containers.
3. Specifications on dry basis as per relevant ISO standard (Guaranteed at Mining Site):
Mn 40,00% / 45,000% Basis Under Min 40% is rejection
Fe 05,00% Max
SiO2 35,00% Max
S 0,020% Max
P 0,0150% Max
Size 10 - 120 mm (90% Max), -10mm, 10% min.
Moisture 09,00% Max.
*Buyer may reject the cargo or renegotiate the price if the Mn percentage is below 40,00%.
4. Country of Origin:
Breakbulk or Shipped by 20’ FT containers, with average weight of 27 +/- 2 Metric Tons per container.
6. Price F.O.B BRAZILIAN PORTS:
For Mn ≥ 40%/DMT (BASIS) Min value of Mn up to 45%:
USD $3.95 (Three Dollars and Ninety Five Cents) per each 1% of Manganese on a dry metric ton (DMT) on F.O.B Basis
PRICE = (USD$3.95 x Manganese content (%) x Dry Metric Ton)
7. Payment Terms: RDLC Revolving or Irrevocable L/C, Transferable, Confirmed payable at sight from B/L date TOP BANK 50
The Mine can supply 10.000 MT up to 20.000 (monthly),Contract 12 X Months, after (3) shipments we can increase up to 25.000 M/T.
Note:F.O.B Ilhéus or Salvador Port (Container Shipments) and Aratu Port Breakbulk, Bahia/ Brazil
Please let us know as soon as possible if Buyer wants to close a Trial Order of 2.500 M/T, we will do our best to ship the goods in June/2017. The buyer can come to Brazil anytime to visit the Mine before Shipment.