JETKING IMPEX
WORLDWIDE COMMODITY RESOURCE
Friday, 24 January 2014
Friday, 3 January 2014
62% drop in iron ore exports to China
India has slipped from being the fourth largest exporter of iron ore to China last year to tenth for the seven-month period between April and October 2013 — a drop of 62% in the country's exports to China from the comparative period in 2012. Between April and October this year, India exported 7.2 million tonnes of iron ore to China, which is less than Ukraine's (10.2mt), Sierra Leone's (7.73 mt) and Canada's (7.6mt), according to metal analysts Ore Team.
India had exported close to 19 million tonnes in the same period, last year. "India's losing its position in the exports market, and is being overtaken by countries like Iran, S Africa, Indonesia and Canada who are expected to increase their volumes. But on the other hand, there are few countries such as Bulgaria, Eritrea and Sudan which are becoming favourites with the Chinese importers despite their small tonnages," says the report.
A ban on exports from Karnataka and with no mining in Goa, which sold most of its low-grade fines to China, India has slipped in the exporters' rankings. Even countries like Iran (13mt) and Indonesia (10.3mt) have surged ahead of India. Australia with 250 mt, Brazil with 86 mt and South Africa with 27 mt are the top exporters of iron ore to China.
Earlier this year, finance minister P Chidambaram had ruled out a roll back on the 30% duty on iron ore exports despite a demand for a reduction of duty to 20% to revive exports and help reduce the current account deficit.
_________________________________________________________
** The original news is Published in The Economic Times, Dated 25 Dec, 2013, By ET Bureau
Labels:
IRON ORE,
IRON ORE EXPORT
Monday, 30 December 2013
IRON ORE FINE PRICE LIST 01-01-2014
DEAR SIR/MADAM,
Due to the increase of transportation cost we revised the rate of our Iron Ore Fines.
This amount would be applicable from 01-01-2014.
Please follow the rates of Iron Ore Fines F.O.R. VIZAG & F.O.R. HALDIA Basis
GRADE
|
REJECTION
|
RATE / MT
FOR HALDIA
|
RATE / MT
FOR VIZAG
|
Fe 55 %
|
< 54 %
|
2,850.00
|
3,050.00
|
Fe 56 %
|
< 55 %
|
3,050.00
|
3,250.00
|
Fe 57 %
|
< 56 %
|
3,250.00
|
3,450.00
|
Fe 58 %
|
< 57 %
|
3,450.00
|
3,650.00
|
Fe 59 %
|
< 58 %
|
3,650.00
|
3,850.00
|
Fe 60 %
|
< 59 %
|
3,850.00
|
4,050.00
|
Fe 61 %
|
< 60 %
|
4,050.00
|
4,250.00
|
Fe 62 %
|
< 61 %
|
4,250.00
|
4,400.00
|
Fe 63 %
|
< 62 %
|
4,450.00
|
4,650.00
|
Payment Terms - Buyer shall issue Financial Bank Guarantee (BG) or Irrevocable Letter of Credit (DLC) of 2,000 MT in advance as Primary Security.
Then Buyer makes payment 80% of product value to Seller’s Current Account through RTGS on the same day after delivering the cargo at the Buyer’s plot. Remaining 20% will be paid after SGS inspection within 48 hrs of delivery.
Minimum Order Quantity - 20,000 MT
These all are FOR rates to VIZAG & HALDIA.
We also supply FOB Basis in that cases include all duties & other charges.
For FOB Rates send your query to us.
Should you require any further clarification please do not hesitate to contact with me. We are in a position performing as per your requirement.
Best Wishes
With Regards
For JETKING IMPEX
## PRICE MAY CHANGE ANY TIME WITHOUT PRIOR NOTIFICATION
Wednesday, 25 December 2013
HOT OFFER, IRON ORE FINES, GRADE - Fe 63% (LOADED INTO RAKE)
Dear Buyer,
We, , on behalf of our Miner/Seller, hereby declare and
confirm that the Miner/Seller is willing and is able to supply the commodity as
per specifications and for the price as specified in the terms and conditions
hereinafter.
COMMODITY:
IRON-ORE FINES Fe 63% (Rejection Below 62%)
INCOTERM: EX-MINES (LOADED
INTO RAKE)
PRICE –
Rs. 2,550 / MT (If Paid by Advance DD / RTGS)
Rs. 2,650 / MT (If Paid by Domestic LC)
(Above prices against Form – C under CST
Act, in case Form – C is not provided then additional applicable taxes will be
charged extra apart from the prices)
PAYMENT –
If Paid by Advance DD / RTGS
Buyer shall
issue Demand Draft in Advance of Send Advance RTGS in favor of Miner (for
Material), Supplier (for Loading Charges and Local Transportation) separately.
If Paid by Domestic LC
Buyer shall
issue Revolving Irrevocable Letter of Credit of total order in advance in favor of
Seller (for Material, Local Transport and Loading Charges).
OR
Buyer shall
issue Irrevocable Letter of Credit of 4,000 MT in advance as Primary Security.
Then Buyer makes total payment to Seller’s Current Account through RTGS on the
same day after loading the cargo at the Railway Rake/Wagon.
RAILWAY FRIEGHT –
Railway
freight has to be paid 100% in advance prior to loading of rake & will be
charged as on actual Basis.
JOINT SAMPLING –
Joint Sampling will be carried out at the Plot end for
determining GCV contents only. You may depute your authorized representative to
associate in joint sampling.
Weight
Measurement –
R.R. Weight will be the basis of payment. If weighbridge
goes out of order, weight recorded in the R.R issued by railways will be the
basis of payment.
VALIDITY OF THIS OFFER - TILL STOCK
Kindly send following document
Before Confirm the Order
Trading License,
IBM Registration Certificate,
Pan Card,
VAT Registration Certificate,
Plant Document,
Plot Detail.
OTHER TERMS & CONDITIONS: - All disputes are subject to KOLKATA Jurisdiction.
NOTE: Material will be
loaded at Plot on before dispatch of rake; you can perform a joint sampling at
Plant for determining Grading result; if result is satisfied then Material sent
to siding for loading of rake. No deductions on quality end shall be
acceptable.
Looking forward to work with you.
In case of any clarification Or Negotiations So please
feel free to do contact with the undersigned.
We hope you will find our offer acceptable and afford us
an opportunity to serve you.
For Any Concern You May Contact
Thanking
You,
With
Regards,
Tuesday, 5 November 2013
AN INTRODUCTION
Hello Visitor,
Welcome to our site,
By reading below you will see how useful and
beneficial our site is when used to prepare for negotiations on an Export-Import Order or LOI received
from your client, and is used as an invaluable reference tool for some of the
best Traders on the planet.
And
I stress the fact, get all information off your client, there is no point in
you offering the lowest possible price then finding out your client
requires $2 commission, you must be armed with all the facts... after it
is just too late, and you will loose the trust of your buyer.
- Weight Required (MT)
- PB if Required
- Laycan Date
- Payment Method
- Shipping Method
- Full Specifications (paying attention to Ash and Sulphur content)
- Commission, to be paid to all in chain inc.you.
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