S20191126coppercathodes Exdrc Lme 17 3
S20191126coppercathodes Exdrc Lme 17 3
S20191126coppercathodes Exdrc Lme 17 3
Electrolytic Copper Cathode Grade A 99.99%. the Seller, hereby state and declare that, we are ready,
willing and able to deliver Electrolytic Copper Cathode Grade A 99.99% under the following terms and
conditions. We also hereby declare and confirm that the offered Copper Cathodes is of clean origin,
clear and free from all liens and encumbrances and not of any criminal origin and freely movable in
Africa without perjury nor defrauding and abiding the laws and rules of the ICC and compliant with
Basel III regulations subject to the terms and conditions provided below:
The Commodity
Non-LME Registered Electrolytic Copper Cathodes Grade A Origin: Congo Current Stock at COPPER
BELT, ZAMBIA: 4,500 TONS Loading Port Dar es Salaam, Tanzania / Durban Port, South Africa
Delivery: Immediately.
Port of Destination: ASWP.
Packing: Pallet banded by aluminum bands inside 20 feet containers
Contract Length: Term (ICC 600 Rules INCOTERMS 2010)
Price: LME -17% DISCOUNT PER METRIC TON
CIF Inspection/Laboratory: The quality analysis (which indicates chemical compositions) shall be as
per the ASSAY CERTIFICATE issued from the country of origin (CONGO), duly signed by Office
Congolese de Control (OCC). If the Buyer wishes to RE-CONFIRM the quality of the Goods (chemical
compositions) then Buyer will need to engage a THIRD PARTY independent international survey
company (SGS, Alex Stewart
Payment Terms:
Buyer issues Irrevocable, Transferable SBLC MT760 for the value of the COPPER CATHODES being
shipped. The SBLC is to act as collateral in case the buyer or his designated paymaster fail to keep
their payment obligations.
THE BUYER SHALL OPEN THE SBLC MT760 OF THE FIRST SHIPMENT WITHIN 10 DAYS AFTER
SIGNED CONTRACT DATE. THE SBLC MT760 IS PAYABLE 100% BY TT MTl 03 AFTER FINAL
INSPECTION REPORT in Buyer's Discharge Port of Choice.
Commission:
The commissions for consultant/intermediaries shall be paid in accordance with instructions noted in
the ICNDAI IMFPA by an agreed paymaster to the designated bank accounts at same time as
settlement to Seller.
Guaranteed Specifications
Grade A (ASTMB-II5-00» 99.99%Purity, Non-LME register
1).The Buyer issues LOI, ICPO or Buyer agrees by signing this FCO as acceptance of procedures,
terms and conditions and provides some sort of evidence of financial capacity to engage.
2). Seller issues Sales and Purchase Contract for Buyer's approval or amendments, if any. After
mutual agreement, Buyer and Seller sign and seal the Sales and Purchase Contract with full
banking coordinate.
3). Buyer provides POF to seller in this case a verifiable RWA CONFIRMATION LETTER/Bank
Comfort Letter (BCL) signed and stamped by two Bank Officers.
POF shall be confirmed by the seller's bank.
4). After the seller's bank confirms POF, the seller provides POP (In this case stock video
and photos with buyer name).
5). After receiving POP, the buyer shall within 5 working days instruct his bank to issue a Buyer
issues Irrevocable, Transferable MT760 SBLC (as per the agreed Verbiage) for the value of
the current copper cathodes being shipped to Buyer and send the SWIFT Copy to the Seller.
6). Seller 's bank issues the 2% Performance Bond Guarantee (PBG). The SBLC MT760 is subject
to 2% (TWO PERCENT) PERFORMANCEBOND GUARANTEE being received and confirmed
buyer's bank. The SBLC MT760 shall get active just on condition that PBG is issued.
7).Upon confirming the SBLC MT760 swift and issuance of the 2% Performance Bond Guarantee
(pBG), Seller commences with the logistics and shipment for delivery of the copper cathodes.
The seller shall have delivered the copper to buyer 's agreed discharge port in a maximum of 30
days.
8). Seller to export copper cathodes direct to the buyer's selected discharge port.
9). Seller sends all shipping documents and transfers title of product to Buyer, which is
necessary for clearance of product at destination port.
10). Buyer completes product inspection within 5 (five) days of product's arrival. Buyer
submits discharging port inspection report to Buyer's bank and sends copy to Seller.
11). Buyer's bank releases payment via T/T MT 103 within five days of final inspection by CIQ
or SGS or an equivalent at destination port.
NOTE: Under this offer we are to deliver on CIF basis ONLY to a buyer who is able to issue
SBLC MT 760 as a guarantee of payment. But if buyer wishes to issue LC/DLC then in that case
we will be obliged to engage buyer in facilitating total transportation and shipping cost as it will be
advised.
TERMS AND CONDITIONS BEING VALID FOR OUR OFFERS AND CONTRACTS
FOR SPOT - QUANTITIES
BY IRREVOCABLE, TRANSFERRABLE LETTER OF CREDIT OPENED OR CONFIRMED BY AN ACCEPTABLE PRIME
BANK, COVERING TOTAL QUANTITY ORDERED AS SPOT-LOT.
THE PRICES FOR SPOT-DEALS DEPEND ON QUANTITY REQUIRED AND SHALL BE PROVIDED UPON REQUEST.
MIN. QUANTITY FOR SPOT-LOT DEPENDING ON THE PRODUCT REQUIRED.
FOR ANNUAL CONTRACTS
EACH MONTHLY QUANTITY BEING PAID BY IRREVOCABLE , TRANSFERRABLE LETTER OF CREDIT OR PAYABLE
BY MT 103 AGAINST DOCUMENTS AS PER CONTRACT. TO SECURE SUCH PAYMENT, BUYER-BANK SHALL ISSUE
A TRANSFERRABLE BANK-GUARANTEE / SBLC / LC, COVERING A ONE MONTH’ QUANTITY AND BEING VALID TILL
END OF CONTRACT + 1 MONTH. CREDIT AVAILABLE BY NEGOTIATION OF DOCUMENTS AT SELLER’S BANK-
COUNTER. FUNDS TO BE PROVIDED OR CONFIRMED BY PRIME BANK ACCEPTABLE TO SELLER / SELLER-BANK
MIN. QUANTITY FOR SPOT-LOT DEPENDING ON THE PRODUCT REQUIRED.