REQUEST FOR QUOTATION

MAGOP CODE MAGOP/COM/RFQ/24SEP2016A  
PRODUCT TYPE MINERAL ORE
ORIGIN AUSTRALIA OR BRAZIL
BASE PRODUCTS IRON ORE
Fe CONTENT MINIMUM 64%
FORM ALL FORMS WILL BE CONSIDERED (PELLETS, CONCENTRATE, FINES, LUMP, ETC.)
QUANTITY

MULTIPLE CONTRACTS ARE DESIRED AT THE RIGHT PRICE SO IT’S MORE A MATTER OF THE WHAT PRODUCTION RATE IS THE MINE ACTUALLY CAPABLE OF?

FREQUENCY SHIPPING CAN BE ARRANGED TO ACCOMMODATE STOCKPILING RATES AT PORT(S) OF DEPARTURES
CURRENCY USD or EUR
PRICE AS AGREED
CONTRACT DURATION 12 MONTHS OR MORE
LEGAL JURISDICTION UCP600, INCOTERMS 2000, AND ICC PARIS
DESTINATION BUYER IS A TRADER/FINANCIER WHO IS ALSO INVESTED IN SHIPPING OPERATIONS TO SERVE THE GLOBAL MARKET.
DELIVERY PREFERS FOB (BUYER OWNS SHIPPING OPERATIONS)
SETTLEMENT AS AGREED
PAYMENT SWIFT MT103 OR AS AGREED
BUYER BANKING BNP PARIBAS (GENEVA, SWITZERLAND)
COMMISSIONS AS AGREED
GENERAL NOTES
  • Magister Operis is absolutely direct to the president of a company with main offices located at a prestigious address in New York City and who seeks significant quantities (multiple contracts) of products priced attractive to a reseller.
  • The buyer is intimately involved in global commodities trading, private equity, merchant banking, venture capital, foreign relations and economic forums, as well as wealth management for significant families, ultra high net worth individuals, and corporate clients. The buyer can provide POF upwards of $500M with additional financial infrastructure to pay via established billions in credit lines from a syndicate of hedge funds as well as other capital partners. The buyer/trader will be in complete financial control of every transaction.
  • Purchase of multiple contracts is highly welcome when terms and conditions are an intelligent match for the exit buyers.
REQUESTED PROCEDURE
  1. Magister Operis™ gathers enough evidence to be comfortable that the seller is real, ready, and a match for the buyer as well as knowing any parties in the middle are on the same page with each other.
  2. Seller is provided buyer's corporate profile and addressing information for Seller's issuance of a FCO.
  3. Seller issues FCO on letterhead for review and due diligence by Buyer.
  4. Buyer issues a LOI that makes Buyer's intent perfecty clear in a documented format.
  5. Seller issues draft SPA for Buyer's review. 
  6. Buyer and Seller work together to perfect the draft SPA for signing.
  7. Seller issues final draft of SPA and CI for first liftParties sign SPA together
  8. Buyer signs and returns CI and Contract to Seller.
  9. Seller arranges a bank to bank meeting for POF/POP.
  10. Buyer issues a RDLC for one month shipment that will revolve for the duration of the contract and upon satisfactory delivery of seller.
  11. Full POP is issued by seller for transaction.
  12. Upon matching Q&Q results, Buyer releases payment to Seller and Seller transfers title to Buyer.
SPECIAL NOTES
  1. Sellers must be experienced mine owners or titleholders! No brokers will be considered.
  2. The buyer purchases contracts only. Any spot quantities can be accommodated as scheduled lifts within a contact.
  3. Buyer will bring the capital to increase an experienced operator's mining production and delivery efficiency.
  4. Buyer's name or corporate profile will not be provided without Magister Operis being comfortable that a seller is real, a match, and ready.
  5. The Buyer will not issue any ICPOs since he feels that a real titleholder does not need one. Buyer has the means to be anywhere on the planet quickly for face-to-face meetings and exchange/signing of documents. He will issue an LOI only after being comfortable with the seller being real, a match, and ready.
  6. Product has to be immediately liftable. Buyer will not sign a contract to wait 90 days before lifting begins.
  7. Issuance of SBLC and BG instruments are not acceptable. Buyer will only issue one month Revolving Documentary Letter of Credit (RDLC) at a time. In some cases the buyer will consider a transferable L/C, but will never give a divisible.
  8. Buyer will protect intermediaries but will not sign any IMFPAs...before knowing the seller is real, a match, and ready for buyer's current purchasing conditions. 
  9. Allocation holders: CLICK HERE:
DUE DILIGENCE
  1. Information about the company
    1. Name of the contractual seller.
    2. Name of the mine and/or name of project.  
    3. Name and details of the shareholder(s).
    4. Size of the company on NAV basis - Net Asset Value.
    5. Does the company own assets in the region?
      1. if yes pleases advise value/location.
    6. Location the company is registered.
    7. Commercial references.
  2. Information about the mine 
    1. Location of the mine.  
    2. Estimated reserves/resources.  
    3. JORC studies: measured, indicated, inferred resources.   
    4. Quality of the material (need copy of the SGS analysis report).
    5. Which process was used to ascertain the quality.
    6. Please advise details of the geologic studies.
    7. Licenses - please advise if all environmental/legal/operational licenses are in order.  
    8. Estimated monthly production and when they expect to start the production.
    9. Estimated period of time required to begin delivery of the 1st shipment.   
    10. How much of the production will be allocated in long term agreement. 
  3. Information about the inland logistics
    1. Complete information about the logistics of the project including distance/transport time to the port, breakdown of each modal (trucks, rails, pipelines, barges etc).
    2. If trucks being used, please advise number of trucks and name of the company providing the trucks (has the contract being signed).
    3. If rails please advise number of wagons and also if any agreement 4r5with the rail company.
      1. Same for barges.
    4. USD/ton for each modal.
    5. USD Cost per MT, from Mine to Port transport.
    6. Company(s) involved in each modal.
  4. Port (or ports)
    1. If the terminal that will be used is private or public.
    2. Any contract/agreement has been made with the port.
    3. Stock capacity at the port and where the cargo will be stored at the port.  
    4. Draft of shipping port.  
    5. Size of the shipment.
    6. Loading method (shore cranes/grabs).
    7. Loading speed per day.
    8. Any contract has been done with the stevedores/terminal.
  5. Finance
    1. Breakdown of FOB costs. 
    2. Capital needed and breakdown of how the capital will be used.  
    3. Repayment prospects.
    4. Pricing strategy, ie fixed or formula based.
    5. Any conversations with competitors/steel players?
MAGOP RELATIONSHIP Absolutely direct to financial signatory buyer.

 

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