Iron Ore
Kingsberg Commodities exports iron ore from Southern Africa for distribution and trading with Southeast Asian countries and markets.
We have two large, established sources of iron ore. We are constantly cognisant of the commodities super cycle and we therefore are very careful in our dealings in this metal and others. A solid understanding of the market and the demands for the product being dictated by mostly what happens in other countries stipulates that our trades are well planned, well hedged and smoothly and most cost effectively executed. We pride ourselves in trading Iron Ore successfully without losses to ourselves and our funders and banks and the same disciplined approach that has served us well will continue to serve us going into the future.
All our iron ore exports sales are on the basis FOB (Incoterms), port of loading. We at all times require a documentary letter of credit from our buyers, sight of shipping documents.
Our efforts over the past several years in sourcing product from large, reliable ore producers have led to us having a reputation for constant, reliable supply, on time and correctly priced in the global marketplace.
- Product sourced in South Africa and shipped out through the port of Saldanha, South Africa
- We hold the necessary rail allocations and port allocations to move a minimum of 100 000 tons per month through Saldanha Port
- We supply product on an FOB basis against receipt of Documentary Letter of Credit from a first class bank
- Our sales terms are “Sight of shipping documents”