WANTED: Iron Ore And Sponge Iron
Buy Requirement Specifications & Trade Terms
A buyer from India is looking for wholesale iron ore and sponge iron. Quantity required: 100000 Metric Ton/Metric Tons(sample). Shipping terms: CIF. Payment terms: L/C. Review the full specifications and submit your competitive quote.
Shipping Terms & Destination Port
The buyer requires CIF shipping terms. Exporters from any country capable of shipping to India are encouraged to submit their best FOB or CIF pricing.
Submit Your Quotation
Verified suppliers can submit their wholesale quotation including FOB pricing, MOQ, production capacity, and shipping terms. Click "Submit Quotation" to respond directly to this iron ore and sponge iron requirement.
Similar Wholesale Iron Ore And Sponge Iron Buy Leads
Browse more active buy leads for iron ore and sponge iron and related B2B Products products from importers worldwide on EximNext B2B Marketplace.
100,000 Metric Tons(sample) of Iron Ore And Sponge Iron Sought by a Verified Importer in India
An importer in India has posted an active requirement for iron ore and sponge iron, indicating a volume of 100,000 Metric Tons(sample). The buyer has specified CIF shipping, with settlement by an irrevocable letter of credit, so responding sellers should be positioned to perform on a seaborne cargo rather than a small parcel. Suppliers preparing an offer should be ready to evidence iron ore and sponge iron on a current certificate of analysis, covering the assay (for ore, Fe or metal content, silica, alumina, phosphorus and sulphur, moisture, and size fraction such as lump, fines or pellet; for finished metal, grade, dimensions and mechanical properties), reported against standard ISO sampling and assay methods. At first contact, proof of material and a clear statement of available tonnage count for more than a headline price. Quality and quantity are normally established by an independent inspector such as SGS or Intertek, with sampling and a draft survey at the load port and re-check at the discharge port. Iron ore and sponge iron moves as bulk-carrier cargo, so the offer should name the load port, the vessel class the parcel suits, the laycan, and the tonnage genuinely available, rather than container or packaging detail. Trade terms most often negotiated are FOB at the load port and CFR or CIF to the discharge port; under CFR the seller arranges the vessel through to the buyer's port. Quote Incoterms 2020 explicitly so risk transfer is unambiguous. Payment on cargoes of this size is usually an irrevocable documentary letter of credit, often with final settlement against the inspected content at discharge, which matches the instrument this buyer has specified. A complete first response covers grade compliance against the buyer's note, a delivered price with a clear validity window and any index linkage, proof of material and available tonnage, the load port and laycan, the inspection and assay arrangement, and the bank instrument the offer can perform against.
Frequently Asked Questions About Iron Ore And Sponge Iron Buy Leads
How much iron ore and sponge iron is this buyer looking to source?
The buyer has indicated a requirement of 100,000 Metric Tons(sample). Confirm your available volume against it, state your MOQ if it sits below this figure, and give the production or shipment schedule you can hold to.
What shipping and payment terms did this buyer specify?
The buyer has specified CIF shipping and settlement by an irrevocable letter of credit. Quote your price on those Incoterms and set out the documents you can present against an irrevocable letter of credit.
Is this iron ore and sponge iron requirement still open?
This buy lead is now marked closed and is no longer accepting quotations. It was posted on July 7, 2025. Requirements that pass six months without activity are automatically marked closed, so the most recently posted leads are the most likely to convert.
How do I submit a quotation on this iron ore and sponge iron requirement?
This requirement is closed, so it is no longer taking quotations. Use the similar active buy leads listed on this page to reach buyers with live demand for iron ore and sponge iron, and post or follow your own requirement to be matched with new leads.
What HS code applies to iron ore and sponge iron?
Wholesale iron ore and sponge iron is classified under a specific HS heading that sets the duty and documentary regime in the destination market. Confirm the exact ten-digit national tariff line with a licensed customs broker before shipment, and keep that code identical across the commercial invoice, packing list, and certificate of origin so the consignment clears in one pass.
Which Incoterms and payment methods are standard in iron ore and sponge iron trade?
Bulk iron ore and sponge iron usually moves FOB at the load port or CIF and CFR to the discharge port, quoted on Incoterms 2020 to fix the point of risk transfer. Payment is commonly an irrevocable letter of credit at sight, a telegraphic transfer with a partial advance against shipping documents, or platform-mediated escrow on a first order.
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