Copper Cathodes
PRODUCT: 99.99% copper cathodes (rejection below 99.97%)
ORIGIN: DR DEL CONGO
DESTINATION: CIF ASWP
LME PRICE- 18% gross
PACKAGING: 20 MT / 20FT CONTAINER
CONTRACT AMOUNT: 5,000-10,000MT / month x 12 months
Supplier also has the ability to produce more with issued specs
SOP:
Buyer issues LOI
NDA signed by all intermediaries and buyer.
The seller issues a fco or directly a draft of the contract.
Seller and the buyer sign the agreed terms as per contract, which will then become a legal and binding document after it has been signed and sealed by both parties.
Both parties lodge the contract with their respective banks.
Buyer's post to seller a non operative transferable SBLC
Sellers provide POP via coded video according to Buyer marks.
After receiving the instrument, Seller issues the CI and transports the trialorder to BW or to buyer port of discharge.
Upon accepting trialorder (500mt minimum) the buyer then pays per MT103 on sight to sellers bank.
BW
After the execution of the trialorder The seller will issue 2% PB to activate the instrument for following monthly deliveries.
The seller pays all the costs and local customs fees involved in arranging transportation of the cargo to the buyer designated port or Bond after the issuance of the non operative payment instrument by the Buyer.
Partial shipment not allowed.
CIF.
The first trial order will be shipped within 25 calendar days of receipt of the confirmed transferable Instrument from the buyer.
This shipment cannot be partially shipped.
The Seller's representative may travel and attend the final inspection at the Buyer's designated port of discharge.
The international surveying company designated by the buyer SGS must re-inspect the cargo at the port of destination thereafter buyer settled per MT103 100 % of the invoice amount within 3 banking days.
