Dimension: 914 mm x 914 mm x 12 mm (LME standard)
Weight of each sheet: 105 kg (+/- 1%)
Net weight of each pallet: 2 MT (+/- 1%)
Gross weight each container: approx. 22.20 MT
Packing: Palletized - Aluminum banded
Price: US $ per MT CIF ,Price On Soft LOI
Quantity: 2,000 per month for 12 months (24,000)
Origin: RDC – Zambia and/or DRC Congo
Loading Port: Dares Salaam, Tanzania (Port visit allowed)
Inspection: Quality, Weight CCIC/SGS at Seller's expense
Shipment mode: Total quantity to be shipped and delivered monthly is 2,000 MT. The shipment of the Copper Cathodes shall be made in stuffed containers. Shipment will be made within 12 days from signing the Contract and opening of the payment instrument RDLC
Shipping documents: Shipping documents: Captains Bill of Lading documents and certifications, SGS + Assay + Quality Certificate + Tiscan Ltd evaluation report + Alfred H Knight Certificate of Inspection + Shipping Line loading Tally report + Alfred H Knight Test quality report
Payment: LOADING PORT ONLY by Irrevocable, Confirmed, Automatically Revolving, Non-Transferable, 100% Documentary Letter of Credit at sight Seller Bank
Performance Bond: 2 % issued by Seller (+ Buyer Port visit OK)
Specifications: Copper (Cu) 99,99 %
Specifications: Copper (Cu) 99,99 % - Other materials may be present as described
Oxygen 02 --
Sulphur S 4 ppm
Iron Fe 2 ppm
Silver Ag 10 ppm
Lead Pb 0,2 ppm
Nickel Ni 0,2 ppm
Selenium Se 0,3 ppm
Antimony Sb 0,1 ppm
Silica Si 0,3 ppm
Arsenic As 0,1 ppm
Bismuth Bi 0,1 ppm
Manganese Mn 0,1 ppm
Tellurium Te 0,05 ppm
Magnesium Mg 0,4 ppm
Zinc Zn 0,4 ppm
Procedures:
Seller Mandate: Issues soft FCO as above
Buyer: Issues: ICPO + BCL to: ‘’Seller Mandate’’ above (Ref: TV-SGL-GK)
Seller Mandate: Issues confirmed Order Acknowledgement + Draft Contract
Buyer: Signs Contract within 5 (five) Banking days Buyer shall issue a Pre-advice Irrevocable, Non-Transferable, Automatically Revolving, Documentary Letter of Credit as POF, 100% payable at sight LOADING PORT ONLY
Seller: Upon receipt of the Bank Commitment Letter (BCL) AND Pre-Advice DLC from Buyers Bank shall issue a two (2%) (of 1 x Months Contract value) Performance Bond and Seller issues POP via Bank Officer to Bank Officer
Buyer: Upon receiving POP and the Performance Bond, Buyer shall issue an Operative, Irrevocable, Non-Transferable, Automatically Revolving, Documentary Letter of Credit (DLC) 100% payable at sight at LOADING PORT, from a TOP 50 International Prime Bank acceptable by the Seller’s Bank for every shipment.
Seller: Shall load the goods within 12 days upon effective Bank confirmation of DLC.
Shipping Documents Issued to Buyer for Payment:
· The Seller shall provide with the consignment a full set (3/3) clean on Board Ocean Bill of Lading signed by an authorized representative of the shipping company, signed by the Master and showing vessel’s stamp and showing “CLEAN ON BOARD”.
· Commercial invoice issued by seller: 3 originals and 3 original copies showing Contract Number, description of goods, pieces of bundles of goods, unit price, total amount, gross/net weights of the goods.
· Original Certificate of Origin
· Certificate of Change of Ownership
· Export Permit Certificate from the Country of Origin.
Quality and Quantity Documents Issued to Buyer for Payment:
· Upon successful completion and safe stowage of the Copper Cathodes on board the Seller nominated Vessel and confirmation of the above Shipping documents,
· The Buyer shall pay by Irrevocable, Non-Transferable, Automatically Revolving, Documentary Letter of Credit 100%, against the above named Shipping documents, at PORT OF LAODING ONLY.
· Quality and Quantity: Seller shall provide to Buyer, Certifications: SGS/CCIC/Alex Stewart Assay + Quality Certificate + Tiscan Ltd + Alfred H Knight Certificate of Inspection + Shipping Line loading Tally report + Alfred H Knight Test quality report,
· THE BUYER IS GRANTED THE RIGHT TO VISIT DURING THE LOADING PROCEDURE AND INSPECT THEIR COPPER CATHODES ON LOADING
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