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

Trial Order with Bonded Warehouse + Contract

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PROCEDURE

1. The Seller sends the complete list of trucks to the refinery and their contacts

2. After receiving the list, the manufacturer will be invited to the factory to finalize the contract and obtain the final loading date (normally 24 hours after signing)

3. After loading, the seller will be responsible for carrying out the counter-expertise on site and the procedure for obtaining all the necessary documents for export on behalf of the buyer

4. The convoy will be accompanied by the Congolese state services and sellers to secure the product to the CONNEX or buyer warehouse BONDED WAREHOUSE, KOLWEZI

Procedure for Contract: 

1. The Buyer issues a Letter of Intent (LOI) and sends it along with CIS. 
2. The Seller issues a Full Corporate Offer (FCO).
3. 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.
4. 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.
5. The Seller invites the Buyer or the Buyer’s representative for a face-to-face meeting and a visit to the factory and warehouse.
6. The Seller sends the final approved SPA along with the Proforma Invoice to the Buyer in PDF format.
7. Both parties lodge copies of the signed contract and the Proforma Invoice with their respective banks.
8. The Buyer’s bank issues a Documentary Letter of Credit (DLC), and the Seller’s bank issues a 2% Performance Bank Guarantee (PBG).
9. 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.
10. 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 tons
• 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