Iron Ore 62%+ (Chile Origin)

Reliable Monthly Supply | FOB Chile / CIF ASWP

Product Overview

We are pleased to present a direct supply opportunity for:

Iron Ore (Fe 62% and above)
Origin: Chile
Loading Port: Puerto Las Losas
Vessel Size: Up to 50,000 MT

This material is suitable for steel mills and trading houses seeking consistent Latin American supply under structured international procedures.

Product Specifications

Based on certified laboratory analysis (San Lorenzo Laboratory – Chile), sample assays indicate:

🔹 Iron (Fe):

Approximately 61% – 64% Fe

🔹 Fe Content (Dry Basis):

Up to approx. 68%

🔹 Silica (SiO₂):

Approx. 0.94% – 1.20%

🔹 Alumina (Al₂O₃):

Approx. 0.30%

🔹 Sulfur (S):

Low content (~0.021%)

🔹 Phosphorus (P):

Very low (~0.034%)

🔹 Magnetic Content:

Approx. 38% – 50%

(Full detailed assay available upon formal request.)

Quantity

  • Minimum: 50,000 MT per month

  • Maximum: 200,000 MT per month

Long-term contracts available subject to performance.

Pricing Structure

🔹 FOB Chile:

Platts Index – 30%

🔹 CIF ASWP:

Platts Index – 20%
Minimum CIF floor: USD 96/MT

(Final pricing aligned with current Platts benchmark at time of contract.)

Payment Terms

  • Verifiable Proof of Funds (POF) required

  • Payment Instrument:

    • DLC (MT700) OR

    • SBLC (MT760)

  • Instrument must be Non-Transferable & Non-Divisible

Payment Release:

Payment released at loading port upon presentation of:

  • Fresh SGS Q&Q Report

  • Bill of Lading

  • Shipping documents

Title transfer occurs upon full payment confirmation.

Transaction Procedure

  1. Buyer agrees on price & procedure

  2. Buyer issues LOI + KYC

  3. Seller issues FCO

  4. Buyer issues ICPO + verifiable POF

  5. Seller issues Proforma CI + Draft SPA

  6. SPA signed by both parties

  7. Buyer issues DLC / SBLC as per invoice

  8. Seller arranges shipment

  9. Payment released against SGS + B/L

Important Notes

  • Mine visits are not permitted

  • No samples provided

  • Previous export records (BL/SGS) are not disclosed

  • LOI and KYC must originate from buyer’s corporate email

Delivery

  • Loading Port: Puerto Las Losas, Chile

  • Destination: ASWP or as agreed

  • Shipment by bulk vessel

For Serious Buyers

To proceed, kindly provide:

  • LOI on company letterhead

  • KYC documentation

  • Banking capability details

  • Target monthly volume

  • Destination port

Upon receipt, we will move immediately to FCO stage.