NEW 2024 Aug Soft Offer – Copper Cathodes – Grade A (ASTMB-115-00) 99.99% Purity – Monthly delivery Up to 30,000 Mt – CIF Basis
SCO Copper Cathodes
From Africa
We have the pleasure to inform you that our group have negotiated this excellent option related to sale Copper Cathodes as per below details:
Commodity: LME Registered Copper Cathodes 99.99%
Max: 5,000 mt to 30,000MT Monthly
Trial Quantity: 500 MT
Origin: Democratic Republic of Congo – DRC
Loading Port: Dar es Salaam, Tanzania
Prices:
LME Minus 12% (For DLC at sight, transferable)
LME Minus 15% (For SBLC at destination Port)
Inspection: Certified at the loading port by SGS/Alex Stewart or Equivalent at loading port
Payment terms: In accordance with ICC UCP 600 agreement and ISP98, Buyer’s bank shall issue a 100% Irrevocable, Transferable, Assignable, at Sight Documentary Letter of Credit (DLC) or Standby Letter of Credit at Destination
ANNEX 1 – GUARANTEED SPECIFICATIONS
Grade A (ASTMB-115-00)) 99.99% Purity
Chemical Composition (Based on ASI Certificate of Assay Report):
Element Base Value Maximum Value
Copper (Cu) 99.97% 99.99%
Iron (Fe) 2 ppm 2 ppm
Sulphur (S) 4 ppm 4 ppm
Silver (Ag) 10 ppm 10 ppm
Arsenic (As) 0.1 ppm 0.5 ppm
Lead (Pb) 0.2 ppm 0.5 ppm
Nickel (Ni) 0.2 ppm 0.5 ppm
Selenium (Se) 0.3 ppm 0.5 ppm
Magnesium (Mg) 0.4 ppm 0.5 ppm
Antimony (Sb) 0.1 ppm 0.5 ppm
Silica (Si) 0.3 ppm 0.5 ppm
Cobalt (Co) 0.2 ppm 0.5 ppm
Bismuth (Bi) 0.1 ppm 0.5 ppm
Manganese (Mn) 0.1 ppm 0.5 ppm
Aluminum (Al) 0.5 ppm 0.5 ppm
Tellurium (Te) 0.05 ppm 0.5 ppm
Packing Details:
- Sheet Dimensions: 914mm x 914mm x 12mm each sheet, approximately 125 kilos per sheet
- Pallet Weight: 2 metric tons per pallet (± 5%)
- Container Weight: Net weight per container: 20.0 metric tons (± 5%)
- Packaging: Each bundle is secured with plastic strapping and labelled with the weight and unique identifying numbers, all in accordance with LME regulations
SALES PROCEDURE
- Agreement: Buyer and Seller reach an agreement after LOI.
- SPA Issuance: SPA is issued for analysis and revisions.
- SPA Signing: SPA is signed by both seller and buyer
- Proof of Funds: Buyer issues proof of funds (MT199) within 5 working days. (Option: Seller’s Bank can also request for POF Bank to Bank or Buyer can open the DLC following the SPA)
- Proof of Product: Seller returns proof of product (POP) through swift message.
- LC Issuance: Buyer issues Draft LC or LC pre-advice (MT705) for approval and mutual agreement on verbiage.
- LC Activation: Buyer activates LC.
- Performance Bond (PB): Seller issues PB pre-advice based on EXW value.
- Seller’s Performance: Seller activates PB
- Document Transfer: Commercial documents, COO, SGS report, COA, and other referenced export documents are transferred between banks at loading.
- Payment: Issued by TT (M103) within 5 days or through LC negotiation between banks within 15 days.
- Revolving Contract
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