Iron Ore

Full Corporate Offer Iron Ore We, the undersigned, Steel and Minerals / C & C LTDA, declares and confirms with full legal and corporate responsibility, under penalty of perjury, that it is ready, willing and able to sell and deliver the following clearance goods as follows: 1.         COMMODITY: Iron Ore Fe 62% Country of Origin: Chile. 2.         DELIVERY PERIOD AND QUANTITY. 50,000 MT / Month to 100.000 of Fe 62%, with the option of gradually increasing up to 200,000 tons per month 3.         PACKING: Bulk 4.         REJECTION: 60% 5.         PRICE CIF Platts – 7% 6.         Price Fob 64 USD 7.         Payment: of the Letter of Credit will be paid in 98% against the presentation B / L);  2% CIQ China, 8.         Contract Length: 12 month / 60 month, First delivery in the term of: 45/60 days in load port 9.         Inspection: SGS as Buyer shall inspect the commodity at the port of loading. SGS shall issue an inspection certificate of the loaded quantity and quality for each shipment to certify that the Iron Ore is in good conditions and being conform to the specification herein stated. 10.       Procedures and payment conditions. a.         The buyer must confirm that FCO and will send the purchase intention with bank guarantees and proof of funds to buy the merchandise, ICPO b.         The Seller issues the Draft Contract to the Buyer to verify all the Conditions. c.         The Buyer sends a draft of the letter of credit to the seller to verify the terms and both Parties agree to sign the Contract. d.         A maximum of five days after signing the contract, the Buyer issues the letter of credit / IRREVOCABLE, CONFIRMED, NOT DIVISIBLE, in view of one of the 25 (twenty-five) First Classes Banks The Bank's designated beneficiary, The Letter of Credit, must be in favor of the SELLER for an amount in USD sufficient to cover 110% (one hundred ten percent) of the contract. Renzo Pérez Medina CEO