Iron Ore & Steam Coal
Our supplier of iron ore & steam coal is a German based company with operations in Indonesia for over 20 years.
The SELLER has various mines under contract in Indonesia (Kalimantan and Sumatra). It is his business principle to contract only with those mines that have been carefully proven regarding their capacities and logistic facilities and whose owners agreed to conclude long-term supply contracts with the SELLER.
The SELLER controls the mining of commodities (Iron Ore and Steam Coal) and transportation to the loading stations. He has his own representatives and experts in Indonesia to control the process. Additionally he concludes contracts directly with the shipping companies for transportation when CIF terms are requested by the BUYER, and is responsible for all export documentation.
The BUYER has the advantage of closing contracts with a German company that carefully supervises the mining, loading and transportation and assures a safe and reliable delivery of the material – all these issues are detailed in the final contract. The SELLER maintains all required and necessary documents for every mine under contract and can provide these to qualified buyers.
The SELLER has contracts with each of the mines he works with; additionally, he invests in further exploration and expansion of the mines and facilities. The SELLER is currently planning and constructing four processing plants for the filtering, crushing, washing, storing and mixing of iron ore which will increase his yearly capacity from 4 mil MT to approximately 16 mil MT by the end of 2008.
Commodities Available:
Iron Ore: Fines, Lumps, Raw and Sand. Currently sold out until further notice here.
Steam Coal: (5.800-6.300; 6.300-6.500; 6.500-6.700 kcal/kg) Taking orders for immediate delivery.
The SELLER only wants to deal with buyers & end users; not companies that will re-sell the Steam Coal.
Price: Please contact us for latest price lists and payment alternatives.
Procedures:
1) Buyer issues LOI (Letter of Intent) to Mandate.
2) Seller sends to Buyer FCO for Buyer signature.
3) Buyer sends to Seller ICPO with full banking details.
4) Seller sends to buyer full draft contract.
5) Buyer and Seller negotiate draft contract and reach agreement.
6) Seller and Buyer sign and exchange hard copies at a tabletop meeting or via courier service.
7) The buyer will issue non-operative payment instrument by SWIFT from a top 50 prime bank within 7 international banking days after signing final contract.
8) The Seller’s bank will present the 2% performance bond letter (PB) within 7 international banking days, which will activate the payment instrument.
9) Delivery is scheduled as agreed between Buyer and Seller, and shall begin within 45 days after the payment instrument is activated.
We request that you are either the buyer or next to the buyer. No long chain of brokers.
