Golden Trade International

Golden Export
A 28, Cité R4 Monastir – 5000 Monastir
T +21654636165
E marketing@goldendates.tn; allpro419@gmail.com
W www.goldendates.tn – www.goldentradeinter.com.tn

Date : 02-05-2021 - Ref.: IRON-LOI-149.

LETTER OF INTENT
To: SELLER / SELLER REPRESENTATIVE.

We, GOLDEN TRADE INTERNATIONAL LTD. As a worldwide trader with good client net work
Confirm that it is our intention and willing to inter into a purchase transaction of IRON OR as per the
quantity and delivery terms, representation is made with full corporate authority and responsibility, Please
provide your best price list and working procedure.

Commodity IRON ORE.

Origin WORLDWIDE.
Monthly Quantity 150,000.00 MT.
Total Quantity 1,500,000.00 MT AS PER ANNUAL CONTRACT.
Delivery CIF LIBYA MISURATA PORT.
Price 50.00 USD PER MT.
Packing IN BULK.
Inspection SGS OR EQUIVALENT.
100 % DLC MT700 AT SIGHT, MT103 AGAINST BL & SGS
Payment
INSPECTION REPORT AT LOADING PORT.
Specifications SEE ATTACHED DETAILS

We are looking for long-term business relationship with your reputable company.

Yours Sincerely.

MHAMED KARIM BHOURI

CEO GTI

GOLDEN TRADE INTERNATIONAL 02.05.2021

M.F: 1534850L/N/M/000 - RC: 15204092017 - C.D:

Golden Trade International
Golden Export
A 28, Cité R4 Monastir – 5000 Monastir
T +21654636165
E marketing@goldendates.tn; allpro419@gmail.com
W www.goldendates.tn – www.goldentradeinter.com.tn

SPECIFICATIONS :

Pellet to be delivered hereunder shall conform to the following specifications at the

Loading Port:

Chemical Analysis (dry basis)

Expected (%) Guaranteed (%)
Fe 67.5 67.2 minimum.
Sio2 + Al203 1.8 2.0 maximum.
CaO + MgO 0.9 0.7 minimum.
P 0.040 0.045 maximum.
S 0.005 0.01 maximum.
H20 1.5 3.0 maximum.

Sizing Analysis
Expected (%) Guaranteed (%)
Above 16 mm 3 5 maximum.
Between 8mm and 16mm 90 88 minimum.
Below 6.3mm = 1/4" 1.5 3 maximum.

Physical Analysis (natural basis)

Expected (%) Guaranteed (%)
Porosity 30 -
Average CCS (Kg/pel) 270 250 minimum (*)
180 Tumble Index (- 0.5mm) 55 65 maximum

(*) Cold compression Strength: 250 kg minimum average as per ISO Test for cold compression
strength in fraction of - 16.0 mm to + 12.5mm as per ISO 4700 - 1983 (E) item 6.3 - Size Range.

M.F: 1534850L/N/M/000 - RC: 15204092017 - C.D:

Golden Trade International
Golden Export
A 28, Cité R4 Monastir – 5000 Monastir
T +21654636165
E marketing@goldendates.tn; allpro419@gmail.com
W www.goldendates.tn – www.goldentradeinter.com.tn

TRANSACTION PROCEDURE :

Step 1 SELLER ISSUE FCO.

Step 2 BUYER ISSUE ICPO WITH BANKING DETAILS.
SELLER ISSUE SPA (SALES AND PURCHASE AGREEMENT) TO BUYER FOR
Step 3
AMENDMENT IF NEEDED.
BUYER ISSUE 100% CONFIRMED IRREVOCABLE NON-OPERATIVE DLC
Step 4
AGAINST BILL OF LADING AND SG INSPECTION REPORT.
SELLER SHALL ISSUE 2% PB TO ACTIVATE THE FINANCIAL
Step 5
INSTRUMENT.
SELLER AFTER PAYENT CONFIRMATION WILL START THE PROCESS OF
Step 6
DELIVERY.
SELLER WILL SEND BANK TO BANK BILL OF LADING MARKED (FREIGHT
PREPAID) AND SGS INSPECTION FOR Q&Q (QUANTITY AND QUALITY) TO
Step 7
COLLECT FINAL PAYMENT AND ALSO SEND A COPY OF DOCUMENTS BY
EMAIL TO BUYER.
Step 8 SELLER PAY COMMISSION TO ALL INTERMEDIARIES.

M.F: 1534850L/N/M/000 - RC: 15204092017 - C.D: