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 / Bonded Warehouse in Congo
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

– The buyer issues a L0I along with CIS;

– Seller issues a Revocable Full Commercial Offer (RFCO);

– Buyer returns the signed and stamped RFCO and issues POF MT799 Bank to Bank.

– Seller sends the pro-forma invoice.

– Both parties deposit the copy of the TRIAL DEAL or IFCO and the pro-forma invoice in their banks

– The seller delivers the products to the buyer’s bonded warehouse 

– The inspection company does a dip test, and the buyer releases the money 

 

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 Revolving Documentary Letter of Credit (RDLC) or Standby Letter of Credit (SBLC), 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.

  The supplier banks: 
  
  UNITED BANK FOR AFRICA DRC, SA
  Adresse: 1853, AV. De la Libération, Kinshasa-Gombe
  République démocratique du Congo

  United Bank For Africa DRC
  Address: Avenu De La, Liberation,
  Kishasa – Gombe – RDC

Thank you for the confidence you have expressed in us to work together. We look forward to a long and productive agreement.

More info: +31- 61 66 61 606