Silica. US$ 0.10 (US$ zero point one zero) per dry metric ton of the Ore for each 1% (one percent) by which the Silica content exceeds 4.50% (four point five zero percent). If the Silica content exceeds 8.0% (eight point zero percent) Buyer and Seller shall agree on a new deduction in line with prevailing market rates at the time of shipment. US$ 0.05 (US$ zero point zero five) per dry metric ton of the Ore for each 0.01% (zero point zero one percent) by which the Sulphur content exceeds 0.08% (zero point zero eight percent). Buyer shall have the right to reject the Ore if the Sulphur content exceeds 0.150% (zero point one five zero percent). All fractions pro rata.
Appears in 2 contracts
Sources: Purchase Contract (Iron Mining Group, Inc.), Purchase Contract (Iron Mining Group, Inc.)