Electrolytic Copper Cathodes, Grade A

Provision of the commodity as follows:

COMMODITY DETAILS

•          Commodity: Electrolytic Copper Cathodes, Grade A, 99.99% (99.97% Minimum, Non-registered L.M.E)

•          Origin: Democratic Republic of Congo

•          Packing: Pallets

•          Delivery Terms for Trial Shipment: Congo Bonded Warehouse or FOB Dar es Salaam – Tanzania

•          Delivery Terms for Contract Shipment: Congo Bonded Warehouse or FOB Dar es Salaam – Tanzania

•          Quantity: Trial shipment up to 500 MT, followed by 5,000 MT monthly

•          Contract Period: Trial shipment + 12 Months (renewable)

•          Pricing: LME 85% (15% Discount)

•          Shipping Terms: FOB Congo Bonded Warehouse or FOB Dar es Salaam – Tanzania

 

 •         Payment terms: SBLC / DLC for Contract 

 

 

TERMS

For Bonded warehouse Deliveries:

1. The Buyer submits a Letter of Intent (LOI), together with the Buyer’s Corporate Information Sheet (CIS) and any type of POF to the Seller.

 

2. The Seller issues the Sales and Purchase Agreement (SPA) to the Buyer for review, execution, and return.

 

3. Upon execution of the SPA by both parties, the Seller issues the Proforma Invoice (PI).

 

4. For the trial transaction and for the annual contract, the Buyer shall issue the agreed SBLC / DLC  in accordance with the terms of the SPA.

 

5. Upon confirmation of the agreed financial security, the Seller shall provide the complete Proof of Product (POP) documentation for the Buyer’s verification and due diligence.

 

6. Following successful verification of the POP, the Buyer arranges and bears the cost of transportation, loading, and collection of the cargo from the Seller’s designated location, in accordance with the agreed FOB terms.

 

7. The Buyer makes payment by MT103 in accordance with the payment terms of the SPA. Upon receipt of cleared funds, the Seller releases the cargo and transfers title to the Buyer in accordance with the SPA.

 

8. Risk, costs, and responsibilities shall transfer in accordance with the agreed Incoterms® FOB rules and the specific provisions of the SPA.

 

9. Following successful completion of the trial transaction, the parties may execute the annual supply contract covering the agreed quantity, pricing, delivery schedule, payment terms, and financial security.

  

PROCEDURE CONFIRMATION

            Buyer issues LOI together with CIS to:

Danarg Global Company
Attn: Dr. Ahmad Masoomzadeh,

Email: info@danargtrading.com 

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Supplier Bank Details

Beneficiary Bank:
United Bank for Africa DRC S.A.
SWIFT Code: UNAFCDKS
Address: 1853, Avenue de la Libération, Kinshasa-Gombe, Democratic Republic of Congo

Correspondent Bank:
Citibank New York
SWIFT Code: CITIUS33
Address: 399 Park Avenue, New York, NY 10022, United States of America

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More info:
Mr. Ryan: +31-61 66 61 606