WANTED: Magnetite Iron Ore
Buy Requirement Specifications & Trade Terms
A buyer from Philippines is looking for wholesale magnetite iron ore. Quantity required: 1000000 Metric Ton/Metric Tons. Shipping terms: CIF. Payment terms: T/T. 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 Philippines 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 magnetite iron ore requirement.
Similar Wholesale Magnetite Iron Ore Buy Leads
Browse more active buy leads for magnetite iron ore and related B2B Products products from importers worldwide on EximNext B2B Marketplace.
Magnetite Iron Ore Buy Lead: 1,000,000 Metric Tons Wanted by an Importer in the Philippines
A verified buyer in the Philippines has posted an active requirement for magnetite iron ore, indicating a volume of 1,000,000 Metric Tons. Delivery is sought into Manila on CIF terms, with settlement by telegraphic transfer, so responding sellers should be positioned to perform on a seaborne cargo rather than a small parcel. A credible offer evidences magnetite iron ore on a certificate of analysis: 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), against standard ISO sampling and assay methods. Proof of material, a verifiable load port, and available tonnage carry more weight than price alone at first contact. 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. Magnetite iron ore 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, here Manila; under CFR the seller arranges the vessel through to the buyer's port. Confirm Incoterms 2020 so the point of 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. 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 Magnetite Iron Ore Buy Leads
What quantity of magnetite iron ore does this buyer need?
The buyer has indicated a requirement of 1,000,000 Metric Tons. 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 telegraphic transfer. Quote your price on those Incoterms and set out the documents you can present against telegraphic transfer.
Where does this buyer want magnetite iron ore delivered?
The buyer has named Manila as the delivery point. Factor the freight, insurance, and transit time to that discharge port into a CIF or CFR offer, and state the vessel or routing your price assumes.
Is this magnetite iron ore buy lead still active?
This buy lead is now marked closed and is no longer accepting quotations. It was posted on June 30, 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 magnetite iron ore 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 magnetite iron ore, and post or follow your own requirement to be matched with new leads.
What HS code applies to magnetite iron ore?
Wholesale magnetite iron ore 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 magnetite iron ore trade?
Bulk magnetite iron ore 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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