IRON ORE TERM SHEET

Date 31 Dec. 2018

Seller:
Name of Commodity:
Mines Location:
Loading Port:
Discharging Port:
Current Available Quantity:
Future Available Quantity:
Sampling Surveyor:
[ ]
Iron Ore (Hematite or Magnetite?)
Near Pasir Gudang, Johore State, Malaysia
Pasir Gudang Port, Johore
Haiphong, Vietnam
Stockpile > 60,000 MTs
Production > 30,000 MTs per month, excluding rainy season
SGS

PRICING
FOB Loading Port
Price Base Quality
Price Adjustments
USD 49.00 per MT Firm for Current Available Quantity
Seller to quote later for Future Available Quantity
Fe 60%
Subject to actual Fe% tested at loading
Subject to impurities percentages tested at loading

PAYMENT TERMS
Deposit 20% of Order Value
Balance 80% Irrevocable LC at sight upon FOB at Loading Port

PRODUCT SPECIFICATIONS
Element Typical Guarantee Rejection
Fe 61.0% 60.0% 57.9%
Al2O3 2.50% 3.50% 5.00%
SiO2 4.00% 4.50% 5.50%
P 0.35% 0.50% 0.80%
S 0.10% 0.15% 0.25%
Moisture 5.00% 7.00% 8.00%

BUYER’S AGENT APPOINTMENT & AGENT FEE

Appointed by : Buyer
Responsibility : Witness weight confirmation and bulk testing
Agent Fee : USD2.00 per MT
Paid by : Seller direct to Buyer’s Agent

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 IRON ORE TERM SHEET
STOCKPILE PICTURES

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 IRON ORE TERM SHEET
THIS IRON ORE TERM SHEET IS ISSUED BY :

COMPANY NAME :

_____________________________________
Name :
Designation :
Date :

WE THE UNDERSIGNED ACCEPT YOUR OFFER AS SET OUT IN THIS TERM SHEET AND
FINAL ACCEPTANCE OF TERMS WILL BE UPON SIGNING THE SALE AND PURCHASE
CONTRACT.

COMPANY NAME :

_____________________________________
Name :
Designation :
Date :

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