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    K .Industrial Graphite Co.: Commodity: Iron Ore Pellets 66.5% Fe, Rejection Below 65%

    Uploaded by

    Rahul Patel
    This letter of intent outlines a proposed term contract between K. Industrial Graphite Co. and an end seller for the purchase of 1,000,000 metric tons of iron ore pellets over 10 months. Key terms include a price of $75 per metric ton CFR, inspection by SGS, shipment from an unspecified origin to Bandar Abbas, Iran, and payment via irrevocable letter of credit. The letter also provides technical specifications for the iron ore pellets, including chemical composition and size distribution requirements.

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    K .Industrial Graphite Co.: Commodity: Iron Ore Pellets 66.5% Fe, Rejection Below 65%

    Uploaded by

    Rahul Patel
    120 views3 pages
    This letter of intent outlines a proposed term contract between K. Industrial Graphite Co. and an end seller for the purchase of 1,000,000 metric tons of iron ore pellets over 10 months. Key terms include a price of $75 per metric ton CFR, inspection by SGS, shipment from an unspecified origin to Bandar Abbas, Iran, and payment via irrevocable letter of credit. The letter also provides technical specifications for the iron ore pellets, including chemical composition and size distribution requirements.

    Original Title

    LOI_FOR_IRON_ORE_PELLETS_66.5___CIF_IRAN (1)

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    This letter of intent outlines a proposed term contract between K. Industrial Graphite Co. and an end seller for the purchase of 1,000,000 metric tons of iron ore pellets over 10 months. Key terms include a price of $75 per metric ton CFR, inspection by SGS, shipment from an unspecified origin to Bandar Abbas, Iran, and payment via irrevocable letter of credit. The letter also provides technical specifications for the iron ore pellets, including chemical composition and size distribution requirements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    120 views3 pages

    K .Industrial Graphite Co.: Commodity: Iron Ore Pellets 66.5% Fe, Rejection Below 65%

    Uploaded by

    Rahul Patel
    This letter of intent outlines a proposed term contract between K. Industrial Graphite Co. and an end seller for the purchase of 1,000,000 metric tons of iron ore pellets over 10 months. Key terms include a price of $75 per metric ton CFR, inspection by SGS, shipment from an unspecified origin to Bandar Abbas, Iran, and payment via irrevocable letter of credit. The letter also provides technical specifications for the iron ore pellets, including chemical composition and size distribution requirements.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    of 3

    1

    K .Industrial Graphite Co.


    -Head office:, Mashhad, Iran. Zip code:9173795655

    C/o South east trades LLC Inc


    .

    To ,

    The end seller

    Via : Mr Vector / Mr.Martin Held

    LETTER OF INTENT FOR THE TERM CONTRACT

    Commodity: Iron ore Pellets 66.5% Fe, rejection below 65%

    Term Purchase Quantity: quantity is 1,000,000 MT in 20 part and 10 months


    Taget Price: 75 usd /mt CFR
    Inspection: SGS inspection agency at seller's expense
    Origin:
    Unload Port: Bandar Abbass (Persian Gulf)
    PAYMENT TERMS: L/C 100% at sight
    Payment via non-transferable LC 100% at sight from buyer's bank in exchange for Original
    OBOL, commercial invoice, SGS Report, Packing List, etc.
    Ship to Company: K. Industrial Graphite co
    Ship to address: Basij Square- Mashhad- IRAN
    Ship to Phone
    Ship to Fax:)
    Buyer's Bank name: MELLAT BANK, ASTANEH GHODS BRANCH
    Bank Street Address: SHAHID RAJAEE AVE, SHOHADA CROSSROAD, BAZAR BOZORG
    MARKAZI
    Bank City& State: MASHHAD, KHORASAN RAZAVI, IRAN
    ABA/SWIFT: BKMTIRTH059
    2

    Bank Code: 75580


    Bank Account Number:
    Bank Account Holder: K. Industrial Graphite Co

    We hereby acknowledges seller the following:


    □Seller should release the vessel information 48 hours after loading.
    □The terms and conditions of the contracts entered into between the parties are not subject to any third –
    party determination.
    □The buyer acknowledges that failure to pay for a shipment that has been loaded is deemed an act of
    financial terrorism punishable under international law.
    □If the cargo's properties will be different from the contract; the buyer should have the authority to return
    the vessel without any cost.
    □The buyer should have the authority for keeping the vessel maximum 7 working days at
    unloading port.
    PRODUCERS:
    1. Buyer and Seller already understand and agree to the terms of the contract, Seller pulls the
    actual Contract and send s it to Buyer for signature.
    2. The Buyer initials, and sends the draft Contract back to the Seller (via TCGI) along with the
    sample verbiage of the Letter of Credit from Buyer's issuing bank. The sample verbiage
    allows the Seller's bank to review text/wording of the LC so when the actual LC is tendered,
    no issues would prevent it from being processed smoothly.
    3. Within Five (5) working days of successful verification and approval of LC verbiage format,
    the Buyer will issue an Irrevocable LC for the 1st month's delivery.
    4. First shipment shall proceed within 15-30 days and continue according to the schedule agreed
    in the contract.
    Succeeding shipments leave port every 30 days. Corresponding LC's shall be opened each
    month or an auto revolving LC could be issued instead.

    Properties:
    Technical Specifications
    Physical composition (on dry basis @ 1050 C):
    Item Guarantee
    Tumble Index (+6.3mm) Min 93%
    Abrasion Index (-0.5mm) Max 4%
    Cold compression strength Min 260(Kg/p) Average. Max 1% below 100(kg/p)
    Porosity 20% Min(indicative)
    Reducibility-Linder at 8600C) 65(indicative)
    3

    Bulk density 2.0T / M3 (Indicative)


    Physical composition (on natural basis):
    Item Guarantee
    Size distribution %+8-16 mm Min 90%
    Above 16 mm Max 5%
    Below 8 mm Max 5%
    Moisture:
    Item Guarantee
    Fair Weather season (Oct-May) Max 4%
    Monsoon Season (June-Sept) Max 6%
    Chemical composition on dry basis:
    Item Guarantee
    Fe 66.5% Typical, 66% Min, rejection Below 65%
    Sio2 Max 3.5%
    FeO 0.5% Max
    Al2O3 Max 1% (Note: Al2O3+ Sio2≤ 4.5% Max)
    CaO 1.0% (Indicative)
    MgO 0.15% (Indicative)
    Phosphorous Max 0.07% (Tolerance – +/–0.02%
    Sulphur Max 0.009%

    Thanking you .

    Regards.

    For K. Industrial Graphite Co

    ( Md Emendhi Bin Ali )

    President

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