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MANGANESE ORE  NIGERIA


AUGUST 01, 2021

MANGANESE ORE PRESENTATION

PRODUCT: Manganese Ore

ORIGIN: Nigeria

QUANTITY: i) 500 Metric Tonne (trial order, 20 Containers)

ii) Monthly shipment 20,000MT – 30,000MT

QUALITY: 40% MN

Rejection below 36.5% MN

PROPERTIES: FE: 6% MAX

AL2O3: 5% MAX

SIO2: 8% MAX

P: 0.03% MAX

S: 0.03% MAX

Ca0: 18%

Moisture < 1% MAX

SIZE: 10 -75 MM (90%) Minimum Approximately 10% production below 10MM

PACKING: In bulk – in used 50kg bags loaded in 20ft container

PRICE: Grade 36.5% - 40% = US$4.00/dmtu CIF Ex Tianjin or Qinzhou Port

$4.00 x 40%

= $160. per metric tonne. CIF Ex Tianjin or Qinzhou Port


MANGANESE ORE PAGE 2

TOTAL VALUE: 500 Metric Tonne (trial order, 20 Containers) US$80,000

TERM OF PAYMENT: By Irrevocable confirmed 100% Letter of Credit from a prime bank payable at sight for 95% provisional and 5% at destination.

PERMOMANCE BOND: Seller shall issue 2% (US$1600) Performance Bond to buyer, to Guarantee Performance

SHIPMENT: 20 days maximum after received of confirmed Letter of Credit

PORT OF LOADING: Apapa Lagos, Nigeria

PORT OF DESTINATION: Tianjin or Qinzhou Port

INSPECTION: CCIC International (CCIC International is a Chinese Inspection Institution) http://www.ccicinspection.com

PROCEDURE:
  1. Buyer and Seller Sign Contract.
  2. Buyer issues LC draft
  3. Seller confirms LC draft
  4. Buyer issues his irrevocable non-operative Letter of Credit at sight in favour of the seller.
  5. The Seller issues a performance guarantee 2% Performance Bond (US$1600) in favour of the buyer to activate the Letter of Credit.
  6. Shipment commences as per agreement.
  7. Seller summit documents


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