iron ore

Our requests are as follows:

1. Quantity: 40,000Mt-60,000Mt

2. Quality: Fe 63.5%Basis, reject below 62.5%

3. Price: CFR

4. Origin: India

5. Port: Tianjin port/Caobeidian port

6. Payment: L/C we will issue a L/C after three days of contract signed 2% PG-bond request. 98% against B/L , SGS ,Certificate of origin,2% against CIQ

Before you kindly send us the best offer, I want to introduce our purchasing procedure to you:

1.      Inquiry to the potential suppliers.

2.      A simple offer of the cargo provide for the supplier. The following information should be included: specification of the cargo, quantity, price, payment, delivery time, loading port and so on.

3.      Suppliers provide the request information and documents:

1)      Miner or owner and agent business information, such as the company homepage and the registration certificate of the suppliers companies. Meanwhile, the same information should be provided on the buyer side.

2)      Ex-Bill of Loading provided by the suppliers, including the SGS or CCIC inspection report at the loading port. The date of the documents should be after March, 2008.

3)      Storage certificate, origin certificate, location of mine set / cargo.

4.      Buyer open LOI to the suppliers.

5.      Suppliers provide the FCO and draft contract, including the bank information of both sides.

6.      Review and sign the contract.

7.      Seller provides the 2%PB or Bank Swift within 3 days of contract signed.

We want 40,000 tons to 60,000 tons of the first shipment. After that, we need about 200,000 tons per month. If you are the miner or the owner, please contact with us without hesitation. We are looking forward to your reply.

Thank you very much!

Best wishes and regards,

Assistant to Mr. Steven Moon

Australian Federation Freetrade Organization (AFFO) Beijing Office

(Australian Resource Mining Company)