ORIGIN : South Africa PORT OF LOADING : Durban Port, RSA PACKAGING : 500t Batches in drums SHIPPING TERMS : FOB QUANTITY : 5,000 MT/month QUALITY : Cr2O3 ~ 41.3% Fe ~ 19.7% Cr/Fe ratio ~ 1.43 PRICE : Price on submission of LOI PAYMENT TERMS : L/C NOTE: The buyer or their representative have total permission to supervise the pre-shipment inspection and loading. PROCEDURES: Seller's Mediator issues a Soft Corporate Offer (SCO). Buyer/Buyer's Mediator sends a Letter Of Intent (LOI). (The price will be indicated in the Full Corporate Offer (FCO) and laboratory report attached) Seller's Mediator issues an FCO to Buyer/ Buyer's Mediator. Buyer/Buyer's Mediator signs, stamp the FCO and returns it to Seller's Mediator. (Contracts are issued only after receipt of a Buyer`s countersigned FCO) Seller issues Sales Purchase Agreement (SPA) to the Buyer for revision and acceptance. Both parties sign and exchange copies of SPA.
