Chem. Specs (%): Fe 64.5, rej.<63.5
Al2O3 1.4max, rej.>2.00
SiO2 2.08max, rej.>3.5
P 0.051max, rej.>0.06
K2O 0.02, rej>0.06
CaO 0.02max
MgO 0.1max
Na2O 0.1max
TiO2 0.08max
Mn 0.55max
S 0.0009max
PF (L.O.l.) 1.22max
free moisture loss at 105 degrees
centigrade max
Inspection: SGS to determine
quality and quantity at loading
port (cost borne by seller)
Payment: automatic revolving
DLC with 1 month value SBLC or
BG for 368 days to be returned at
completion of shipments
Procedures: 1) buyer issues ICPO + soft probe
+ NCNDA in response to seller's
soft offer
2) after checking documents and
buyer's funds and after approval, FCO is issued
3) buyer signs FCO and returns
within 24 to 48 hours
4) seller issues draft contract
5) buyer returns contract signed
and sealed with 24 hours
6) POP sent to buyer via bank to
bank
7) with receipt of BG or SBLC and
initial month fees, delivery begins
within 45 to 60 days
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