Commercial Overview
Structured Supply.
Principal Buyers Only.
Deal Structure
Long-term supply contracts with defined commercial terms.
Meridian Mercantile Group structures iron ore supply agreements on a monthly recurring basis. Contracts are executed under a standard Sale and Purchase Agreement following the completion of our 10-step transaction procedure.
All transactions are principal-to-principal. We do not participate in intermediary chains, NCND arrangements, or unverified buyer networks. Counterparty KYC and financial instrument readiness are required before FCO issuance.
Buyer Profile
Who we work with.
Steel Mills
Direct procurement divisions of integrated steel producers requiring consistent monthly volumes with verified origin documentation.
Commodity Intermediaries
Mandated commodity trading firms with confirmed end-buyer relationships and demonstrated financial instrument capability.
Industrial Processors
Sinter plants, pellet producers, and direct reduction facilities requiring Fe 62%+ fines or lumps on a recurring basis.
Port Operators
Bulk terminal operators and port-based processors with confirmed vessel readiness and discharge port infrastructure.
Delivery Terms
Seller delivers cargo on board the nominated vessel at loading port. Buyer assumes risk and freight cost from that point.
Suitable for: Buyers with established freight arrangements and vessel nomination capability.
Seller arranges and pays for freight and insurance to the named discharge port. Risk transfers on loading.
Suitable for: Buyers preferring a delivered price with seller-managed logistics.
Seller pays freight to discharge port. Buyer arranges insurance. Risk transfers on loading.
Suitable for: Buyers who self-insure or have existing marine cargo cover.
Payment Instruments
LC / DLC
Irrevocable Letter of Credit or Documentary Letter of Credit transmitted via SWIFT. Preferred instrument for first-time transactions and large-volume contracts.
Issued by top-100 bank. Must be operative and irrevocable.
Documentary LC
Irrevocable Documentary Letter of Credit. Accepted for established counterparties with confirmed transaction history.
Confirmed by seller's bank. UCP 600 terms apply.
DLC
Deferred Letter of Credit. Available for qualified buyers on agreed deferred payment schedules.
Subject to credit assessment and prior transaction record.
Why Meridian
Confirmed Cargo Only
We issue FCOs only against confirmed, ready cargo. No speculative offers, no unverified supply chains.
Fixed Procedure
Every transaction follows the same 10-step procedure from SCO to MT103. No deviation. No surprises.
Independent Inspection
SGS, Bureau Veritas, Intertek, CCIC, or CIQ at every loading port. Certificates issued before vessel departure.
Principal Access
Direct access to mine-level principals. No intermediary markups, no chain dilution.
Nine Origins
Brazil, Chile, Egypt, Laos, Mexico, Peru, Philippines, South Africa, Venezuela. Diversified supply reduces single-origin risk.
Responsive Execution
Qualified enquiries receive FCO within 5 business days. Contracts executed within agreed timelines.
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