About Magnesium Oxide (MgO) (Food Grade)
What is Magnesium Oxide (MgO)?
Magnesium oxide is a type of magnesium mineral supplement that is mostly made of magnesium and contains more magnesium than other magnesium supplements. Magnesium oxide is acquired by burning magnesium with pure oxygen, but this method is quite costly. The cheaper method is to expose oxygen to magnesium salts using underground deposits, seawater, or salt beds. With this method, the source of the magnesium salt determines the quality of the magnesium oxide that is produced.
The chemical formula of Magnesium Oxide is MgO.
Trade Process
Our trade process spreads across CIF, FOB, TTO, and TTT, depending on the buyer’s preference.
Here’s what they entail:
1). Cost Insurance and Freight (CIF): Here, the seller will handle everything from loading the vessel, paying for insurance, and sending the product to wherever the buyer wants it delivered.
2). Freight On Board (FOB): Here, the seller pays for the transportation of the goods to the port of shipment, plus loading costs, while the buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the originating port to the final destination.
3). Tanker Take Over (TTO): Here, the buyer will take over the vessel, offload the product at their destination, and return it.
4). Tanker To Tanker (TTT): Here, the buyer uses their own vessel, long sides with the seller’s vessel, and then the cargo is transshipped when the transaction is fully settled.