IRON ORE lumps Fe 64% BASIS (+/-2.00%)
REJECTION: < Below 61 %FE, rejection or renegotiation.
FE: 64 % BSS (+/-2.00%)
FeO: 3% MAX
SiO2: 5.00% Max
TiO2: 0.1% Max
Al2O3: 2.00% Max
MnO: 0.05% Max
MgO: 0.05% Max
Na2O: 0.10% Max
K2O: 0.10% Max
P2O5: 0.07% Max
P: 0.05% Max
S: 0.02% Max
CaO: 1.00% Max
Zn: 0.01% Max
C: 0.01% Max
Cr: 0.07%Max
Cu: 0.001%Max
LOI 6 % Max
Moisture Content (Free moisture loss at 105 degrees centigrade): Guaranteed: 5.00% Max.
Physical Size:
Physical Specification: (Natural Basis): LUMP Nominal less 0.107 mm 87% min. as a load basis set by Seller
Moisture Content (Free moisture loss at 105 degrees centigrade): Guaranteed: 5.00% Max.
PRICE:
The base price of the IRON ore discussed and to be delivered will be:
IRON ORE FINES @ 64 % at a price of the Last 5 days of date of shipment Platts 62 % index
For Fe Higher Of Iron Ore Than 62% will pay 1 % more of iron content or prorated payment will be scale For below than Fe 62 % will pay less 1 % of the agree price.