Electrolytic Copper Cathodes, Grade A
Provision of the commodity as follows:
Commodity: Electrolytic Copper Cathodes, Grade A, 99.99% (99.97% Minimum)
Origin: Democratic Republic of Congo
Packing: Palletized, steel/aluminium bands
Size: 914mm x 914mm x 12mm
Net weight ̸ Sheet: 125 KG (+/- 0.1%)
Delivery Terms: FOB Tanzania
Quantity: Trial 500 – 3000 MT followed by 3000 MT x 12 months
Price: Minus 15% LME
Contract Period: Trial + 12 Months
Shipping: TO BE DEFINED BY THE BUYER
Payment: Cash back ESCROW ACCOUNT or Bank Guaranty LC/DLC/SBLC
Inspection: SGS or ROBINSON INTERNATIONAL by Seller at Seller Warehouse
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PROCEDURE
- The Buyer issues a Letter of Intent (LOI) and sends it along with CIS.
- The Seller issues a Full Corporate Offer (FCO).
- The Buyer signs and stamps the FCO, issues an Irrevocable Corporate Purchase Order (ICPO), and provides Proof of Funds (POF) via bank-to-bank communication.
- The Seller issues a Sales and Purchase Agreement (SPA). The Buyer reviews, amends if necessary, signs, and returns the SPA in PDF format to the Seller.
- The Seller invites the Buyer or the Buyer’s representative for a face-to-face meeting and a visit to the factory and warehouse.
- The Seller sends the final approved SPA along with the Proforma Invoice to the Buyer in PDF format.
- Both parties lodge copies of the signed contract and the Proforma Invoice with their respective banks.
- The Buyer’s bank issues a Documentary Letter of Credit (DLC), and the Seller’s bank issues a 2% Performance Bank Guarantee (PBG).
- Upon delivery of the Proof of Product (POP), including a fresh Quantity and Quality (Q&Q) inspection, the Buyer’s bank releases payment to the Seller.
- The Buyer issues a Standby Letter of Credit (SBLC) or a Revolving Documentary Letter of Credit (RDLC) covering one month’s cargo value for the duration of the contract, with payment made via MT103 for each successful delivery..
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- Term of Contract: 12 months, renewable
- Inspection: SGS/ Alex Stewart/ Alfred H Knight/ROBINSON
- First Delivery: Spot. Trial Expedition: 500 to 3000 Metric Ton
- Monthly Delivery: 3000 metric tons.
Thank you for the confidence that you have expressed in us to be working together, we are looking forward to a long and productive agreement.
More info: +31- 61 66 61 606
