Minerals & Fertilizers

Capability

Mineral and nutrient cargo settles on what the laboratory says, not what the offer claimed. The desk contracts with tolerances stated up front, and where the contract calls for it the invoice follows the certified assay.

Sourcing

Phosphate rock at 28–34% P2O5 and DAP/MAP from North Africa, the Middle East and China. Urea at 46% nitrogen, granular and prilled, from the Gulf, the Caspian and North Africa. Iron ore at Fe 58–65% and chrome ore from Africa and the CIS.

Execution

FOB or CIF against a letter of credit or standby, bagged or in bulk. Working lots run from a 500 MT copper parcel to a 75,000 MT ore shipment, spot or on monthly liftings.

Verification

Sampling and certification at load port, with SGS on urea. Where the contract is assay-settled, value follows the certified result rather than the declared grade — which is the whole point of stating the tolerance first.

How a trade runs

1. 01

   Enquiry and specification. Grade, tolerance, destination.

2. 02

   Allocation confirmed, with the assay parameters stated.

3. 03

   Contract executed, including tolerances and rejection limits.

4. 04

   Independent certification at load port.

5. 05

   Final assay and settlement against the certified result.