NEW 2025 August SCO – Copper Cathodes – Grade A (99.97 – 99.99%) Purity – Monthly delivery Up to 10,000 Mt – CIF Basis
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SCO Copper Cathodes
We have the pleasure to inform you that our group have negotiated this excellent option related to sale Copper Cathode as per below Draft:
Specification:
- Commodity: “A” Grade Electrolytic Copper Cathode
- Purity: Cu purity 99.97% to 99.99% Cu
- Trial 5000 MT
- Monthly Quantity: Up to 10,000 MT/ per month
- Total Quantity: 120,000 MT/ Year
- Payment terms: SBLC / DLC Usance 90 days is to be used as guarantee of payment from Buyer to Seller only (MT760) payable at the destination port.
- Origin: Democratic Republic of Congo/Zambia
- Packing: (1m x 1m x 7mm – LME Standard) (Electrolytic process), Internationally accepted standards or Custom
- Shipment: Vessels
- Loading Port: Dar Es Salaam, Durban South Africa, Subject to the most available Vessel at the time of shipment
- Incoterms: CIF.
- Destination: CIF Asia/China.
- Inspection: Quality & Quantity (SGS or other inspection company)
- Contract Period: 12 months
PRICE
The fixed price for bulk copper cathode per ton is $0000 calculated on CIF Net LME minus 17% per MT to Buyer. Settlement price is when the copper cathodes arrive to the Buyer’s discharge seaport. Seller will refer to the LME price on the 3rd day after such arrival to issue final commercial invoice. This will be the final settlement price.
QUANTITY
Both Parties hereto hereby agree that the initial quantity of “A” Grade Electrolytic Copper Cathode shall be a monthly supply quantity of 10,000 MT with Roll & Extension for 12 months. The contractual period shall be one year and subject to renewal if possible.
GUARANTEED SPECIFICATIONS
COPPER CATHODES
Product Specifications.
Commodity Copper Cathode
Grade “A” Grade
Copper Cathode Content 99.97 % – 99.99 %
- Dimensions: Cathodes Sheet, 914mm x 914mm x 12mm (LME Standard) or custom
- Weight per sheet: LME standard 125Kg (±1%) or custom
- Net weight per pallet: 2M/T ±1% or custom
- Packaging: Palletized, Aluminum banded (Internationally accepted standards)
- Material: To be free from Contamination by Radiation
- Net weight per container: Min. weight in each container: 20 M/T approx.
- Gross weight per container: Gross weight of each container: 22.2 M/T approx.
SALES PROCEDURE
1.Seller issues SCO.
2.Buyer submit FULL LOI/ICPO
- Both sides negotiate and confirm the contract terms and conditions of the SPA.
- Seller and Buyer show to their bank officer the attached Verbiages/Letter of bank Commitment Letter of Seller-RWA in Appendix-B, Buyer-RWA in Appendix-C, Seller-PB in Appendix-D and Buyer-SBLC / DLC Usance 90 days in Appendix-E of this SPA. If there are any changes or modifications are required to the attached verbiages in Appendix B, C, D, E, both sides shall exchange by email with the amendments and till final agreement on the verbiages of the bank instruments before signing of the SPA.
- Seller and Buyer sign the SPA. And this contract/SPA shall be lodged (presented to) with respective
banks of Seller and Buyer, for future communication between the two banks.
- After finish of verbiage confirmation of step-3 above, within 5 working days, Buyer Financier Bank issues RWA by SWIFT MT-799 message to Seller bank. The verbiage of Buyer Financier Bank’s RWA shall be in the form as of Appendix-C via swift message.
- After receiving receipt of Buyer Financier Bank’s RWA, within 3 working days, Seller Financier Bank issues
a Bank Commitment Letter to Buyer Financier Bank (Bank to Bank) confirming the issue of 2% Performance bond against Buyer’s SBLC / DLC Usance 90 days to be made operative. The draft of
Bank Commitment Letter shall be in the form of Appendix-B.
- After receipt of Seller Financier Bank’s Bank Commitment Letter, within 3-5 working days, Buyer
Financier Bank issues non-operative SBLC/DLC Usance 90 days. The verbiage of Buyer’s SBLC/ DLC Usance 90 days shall be in the form as of Appendix-E.
- After receipt of Buyer’s non operative SBLC / DLC Usance 90 days, within 3-5 working days,
Seller’s Financier Bank opens Performance to make the SBLC / DLC Usance 90 days Operative.
The verbiage of Seller’s Performance Bond shall be in the form as of Appendix-D.
- After receipt of Buyer’s SBLC / DLC Usance 90 days, for trial order commodity quantity, within
15 calendar days, Seller shall offer full shipping documentation (includes SGS report, export
documents and B/L) to Buyer at loading Port.
- After shipment arrival at Buyer destination port, within 5 to 10 Singapore/Hong Kong Banking days,
Buyer conducts Quantity & Quality inspections by SGS/CCIC at discharge port. Seller has the right to send representative to witness the discharge and sampling of product at Buyer’s Destination Port.
(Seller’s representative traveling fee paid from Seller)
- After finishing SGS/CCIC inspection at discharge seaport, within 1 to 3 days, Buyer pays 100% of shipment value by TT/MT103 to Seller bank account and Seller hand over the title of ownership
documents to Buyer on bank-to-bank basis.
- Next shipment repeats above steps.
Note: All the formats/verbiage of bank instruments, including RWA, SBLC / DLC Usance 90 days, PB, must be from the said banks, and must be confirmed acceptable by the receiving bank.
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