AMERICAN MINERAL

DESCRIPTION OF COMMODITY: IRON ORE

ORIGIN: (specify country, state, province) MEXICO

QUANTIY: (example: Metric Tons (MT) 100,000MT + MONTHLY

DESIRED CONTRACT LENGTH: (how many months) One Year O MORE

DELIVERY: (example: How many vessels per shipment) Eight (8) Containers Per Shipment, bulk carry or big bags.

PACKAGING: (methods example bulk, in container etc) iron ore in 25MT in 20FT Container in Bulk.

FULL SPECIFICATIONS: (detailed description of product) iron ore 62% & 64%

PRICE: (example: per MT / currency / CIF) USD LME -9% /MT (more the discount)

PAYMENT TERMS: (state acceptable method of payment and terms) 95% payable against shipping documents and 5% balance after inspection at discharging port

DELIVERY TERMS: (example how many days after accepted procedures to sellers bank) Five working days on receiving of shipping documents by the buyer bank

INSPECTION METHOD: Inspection agency by EYEVIEW INSPECTION AGENCY accepted by Buyer and Seller

PROCEDURES OF THE TRANSACTION: (what happens or should happen and when) On receiving of the L/C by the Seller from the buyer. The seller will ship from mexico where the buyer will receive the manganese ore
MAIN PORT: MANZANILLO OR LAZARO CARDENAS
The seller gives 2% PB after the LC is confirmed.
REF: 2019MEXICOIRONORE.
NOTE: if looking for another type of percentage in iron ore the price is different.