IRON ORE FINES, READY STOCK AT VISAKHAPATNAM (VIZAG) AP

IRON ORE FINES, READY STOCK AT VISAKHAPATNAM (VIZAG) AP

COMMODITY - IRON ORE FINES
GRADE - Fe 55 % (Rejection Below 54%)
QUANTITY - 8,000 MT (Approx)
PRICE - NEGOTIABLE
OFFER VALIDITY - TILL STOCK

A DROP OF 62% IN THE COUNTRY'S IRON ORE EXPORTS TO CHINA

India has slipped from being the fourth largest exporter of iron ore to China last year to tenth for the seven-month period between April and October 2013 — a drop of 62% in the country's exports to China from the comparative period in 2012. Between April and October this year, India exported 7.2 million tonnes of iron ore to China, which is less than Ukraine's (10.2mt), Sierra Leone's (7.73 mt) and Canada's (7.6mt), according to metal analysts Ore Team. 

India had exported close to 19 million tonnes in the same period, last year. "India's losing its position in the exports market, and is being overtaken by countries like Iran, S Africa, Indonesia and Canada who are expected to increase their volumes. But on the other hand, there are few countries such as Bulgaria, Eritrea and Sudan which are becoming favourites with the Chinese importers despite their small tonnages," says the report. 

A ban on exports from Karnataka and with no mining in Goa, which sold most of its low-grade fines to China, India has slipped in the exporters' rankings. Even countries like Iran (13mt) and Indonesia (10.3mt) have surged ahead of India. Australia with 250 mt, Brazil with 86 mt and South Africa with 27 mt are the top exporters of iron ore to China. 

Earlier this year, finance minister P Chidambaram had ruled out a roll back on the 30% duty on iron ore exports despite a demand for a reduction of duty to 20% to revive exports and help reduce the current account deficit.

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** The original news is Published in The Economic Times, Dated 25 Dec, 2013, By ET Bureau

SPECIAL OFFER, IRON ORE FINES (LOADED INTO RAKE), GRADE - Fe 63%

Dear Buyer,

We, , on behalf of our Miner/Seller, hereby declare and confirm that the Miner/Seller is willing and is able to supply the commodity as per specifications and for the price as specified in the terms and conditions hereinafter.

COMMODITY:

IRON-ORE FINES Fe 63% (Rejection Below 62%)

INCOTERM:  EX-MINES (LOADED INTO RAKE)

PRICE –

Rs. 2,350 / MT (If Paid by Advance DD / RTGS)

Rs. 2,450 / MT (If Paid by Domestic LC)

(Above prices against Form – C under CST Act, in case Form – C is not provided then additional applicable taxes will be charged extra apart from the prices)

                

PAYMENT –

If Paid by Advance DD / RTGS

Buyer shall issue Demand Draft in Advance of Send Advance RTGS in favor of Miner (for Material), Supplier (for Loading Charges and Local Transportation) separately.

If Paid by Domestic LC

Buyer shall issue Revolving Irrevocable Letter of Credit of total order in advance in favor of Seller (for Material, Local Transport and Loading Charges).

OR

Buyer shall issue Irrevocable Letter of Credit of 4,000 MT in advance as Primary Security. Then Buyer makes total payment to Seller’s Current Account through RTGS on the same day after loading the cargo at the Railway Rake/Wagon.

RAILWAY FRIEGHT – 

Railway freight has to be paid 100% in advance prior to loading of rake & will be charged as on actual Basis.

JOINT SAMPLING –

Joint Sampling will be carried out at the Plot end for determining GCV contents only. You may depute your authorized representative to associate in joint sampling.

WEIGHT MEASUREMENT –

R.R. Weight will be the basis of payment. If weighbridge goes out of order, weight recorded in the R.R issued by railways will be the basis of payment.

VALIDITY OF THIS OFFER - TILL STOCK

Kindly send following document Before Confirm the Order

Trading License, 

IBM Registration Certificate,

Pan Card,

VAT Registration Certificate, 

Plant Document,

Plot Detail.

OTHER TERMS & CONDITIONS: - All disputes are subject to KOLKATA Jurisdiction.

NOTE: Material will be loaded at Plot on before dispatch of rake; you can perform a joint sampling at Plant for determining Grading result; if result is satisfied then Material sent to siding for loading of rake. No deductions on quality end shall be acceptable.

Looking forward to work with you.

In case of any clarification Or Negotiations So please feel free to do contact with the undersigned.

We hope you will find our offer acceptable and afford us an opportunity to serve you.

For Any Concern You May Contact.

Thanking You,

With Regards,