Bauxite Business
Commodity: Bauxite Ore of Indian Origin (NPG Grade Bauxite)
Packing: Bauxite in Bulk.
Quantity: 50,000 - 200,000 MT (+/-10 % in Seller’s option)
Delivery Team: FOB Porbandar or Oka Port / CIF China / Any Other Country
Quality/Specification: Our Plant Grade Bauxite (≥ 52% Al2O3) and Non-Plant Grade Bauxite (40% -51.99 %Al2O3)
Specification
Al2O3:- 46.00 % +/- 2.00 %
Sio2:- 6.00 % +/- 2 %
Fe2O3:- 25.00 % Maximum.
Cao: - 4.00 % Maximum.
Tio2:- 4.00 % Maximum.
L.O.I.:- 28.00 % Maximum.
Size: - 0 To 100 MM - 95.00 %
Payment: The Buyer or their approved nominated assignee will open a fully workable, irrevocable Letter of Credit for100% shipment value at sight in seller’s Acceptable Format and Established by a First Class Bank Latest 20 days Prior to Vessel Arrival at load Port.
Seller Procedures:
1. Buyer Send ICPO Along With Banking Detail
2. Seller Send FCO to Buyer
3. Buyer Sends FCO Sign & Sealed Along BCL (Bank Comfort Letter) To Seller.
4. Seller Sends CI to Buyer.
5. Buyer Signs CI Along With LC Draft and Reverts To Seller.
6. Within 5 (Five) Banking Days, Buyer Bank Sends ALC by Top Prime Bank for Total Shipment Value to the Seller’s Bank.
7. Shipment Starts Within 20/45 Days After The Buyer's Bank Released The Financial Instruments To The Seller's Bank.
