NEW 2017 Soft Offer - Barite, BaSO4 > 80% - UP to 30,000 Mt monthly, Origin Mexico- US$ 97 Pmt - CIF Veracruz  

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Chile, July 19, 2017

FCO Barite BaSO4 

FROM MEXICO

We have the pleasure to inform you that our group have negotiated this excellent option related to Barite from Mexico.

·         Seller is R, W and A to advance in faster terms to Draft Contract after receive ICPO.

·         Images, Lab Analysis, available after approve ICPO.

·         Actually working in order to place from 30,000 Mt from first Month, yearly basis.

Dear Sir: 

PRESENT

We Miner Group hereby confirm with full corporate and legal responsibility under penalty of perjury that the following commodity is available under the state and conditions herein:

Barite:…………………………………...  BaSO4   >80%

Quantity:….…………………………….  30,000 Mt monthly,

INCOTERMS:   ……………………….   CIF / Veracruz

Packing:...………………………………. Bulk / Breña

Loading Port: ……………………………Port of Topolabampo, Mexico

Monthly Shipments ………………….…  30, 000 Mt / Monthly.

Price FOB: ……………………………… US$ 77 Pmt 

Price CIF:……………………………….. US$ 97 Pmt 

Contract Length:…….……………….… 1 to 3 years

Inspection:.. ……………………………. SGS o Alex Stewart (Assayers),

Payment terms:..……………………       DLC o RDLC - Irrevocable, NON Transferable or Transferable

                                                          issued by TOP World Bank and paid 100% at sight.

Delivery:………………………………..   30 days after L/C issuance, 45 for first Shipment

Inspection: ……………………………..  SGS or Alex Stewart (Assayers).

Technical Specifications:

Chemical and  physical Composition (on dry basis)

BaSO4…………….. .. …...> 80%

Density………….…….…. 4, 20 gr/cm³

Moisture..………….......... < 1% 

Mercury (Hg) …………… < 1,000 Ppm

Cadmio …………………... < 2 Ppm

Lead (Pb) ………………… 0.087% from Total

Size:……………………… 3/4" to fines (1,90 cm)

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PROCEDURES

0.-  Seller issues SCO duly signed

1.-  Buyer issues  LOI or ICPO with permission for Soft probe.

2.-  Seller issues the FCO

3.-  Buyer signs, seals and returns the FCO.

4.-  Seller issues Draft Contract.

5.-  Buyer signs the Draft Contract and sends it back to the Seller.

6.-  Seller issues the final Contract to the Buyer .

7. -  Buyer's bank issues and sends by swift Non-operative L/C 100% at sight to the Seller's Bank

       within 48 hours.

8.-  Seller posts Performance Bond (PB) for the value of 2% and LC becomes operative.

9.-  Shipment begins. Buyer can do physical inspection together with SGS at the time of Loading.

This representation is made with full corporate authority and responsibility of the above..

Best Regards,

Luis O. Benavente

CORPORATE ITC

Phone: +56 9 71572892