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IRON ORE TERM SHEET

Date 31 Dec. 2018


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

PRICING
FOB Loading Port USD 49.00 per MT Firm for Current Available Quantity
Seller to quote later for Future Available Quantity
Price Base Quality Fe 60%
Price Adjustments 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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