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Posts : 29
Points : 1022
Join date : 2017-01-31
View user profilerenateanisio

SCO Copper Cathode

on Sat May 13, 2017 10:45 pm
SOFT OFFER COPPER CATHODES
1. Product : Copper Cathode
2. Quantity : Tried order 500 Ton after 3,000 Metric Tons per month
3. Specification : Cu99.99%-99.97% min, COPPER GRADE A (ASTM B-115-00)
99.99% -99.97%purity, non-LME registered, rejection below99.95% Cu.
4. Delivery : 30 days from receipt of workable L/C
5. Discharge port : AnHui Tong Ling of China
6. Price & Discount : LME Cash Price Minus 15% gross, Minus 15% Net to the Buyer CIF China.
7. Contract Period : 12 months with rollover and extension
8. Payment : 100% sight DLC
9. Quality : CIQ or SGS.
10. PB : Buyer issues a Non-operative DLC which will activate the sellers 2% PB
11. Remark : Buyer will visit to the Seller at warehouse or loading port after DLC draft.

PROCEDURES:
2. THE SELLER ISSUES DRAFT SALES AND PURCHASE AGREEMENT (SPA) FOR BUYER’S REVIEW AND ACCEPTANCE.
3. THE BUYER RETURNS EMENDED AGREEMENT WITH BUYER’S SIGNATURE AND SEAL WITHIN THREE (3) WORKING DAYS AFTER THE BUYER RECEIVES DRAFT AGREEMENT.
4 THE SELLER COUNTERSIGNS AND COMPLETES AGREEMENT WITH ALL APPLICABLE BANKING COORDINATES, COPIES
OF PASSPORTS, CERTIFICATE OF INCORPORATION, BENEFICIAL OWNERSHIP DECLARATION. THE FINAL AGREEMENT WILL BE RETURNED WITHIN THREE (3) WORKING DAYS.
5. BOTH PARTIES LODGE EXECUTED FINAL AGREEMENT WITH RESPECTIVE BANKS.
6. THE BUYER ISSUES AN IRREVOCABLE MT 700 DLC FROM A TOP 50 WORLD BANK IN FAVOUR OF THE SELLER AND
IS FOR THE VALUE OF ONE MONTH’S SHIPMENT AND WILL ACT AS COLLATERAL IN THE EVENT THAT THE BUYER OR HIS DESIGNATED PAYMASTER FAIL TO KEEP ITS PAYMENT OBLIGATION. THE SWIFT MT 700 DLC WILL BE ISSUED BY A TOP 50 WORLD BANK THAT IS ACCEPTABLE TO THE SELLER, AND CAN BE VERIFIED BANK TO BANK OR BY THE SELLER’S NOMINATED BANK AND THE BUYER WILL SEND THE ISSUED SWIFT COPY OF THE AGREED DLC TO THE SELLER FOR CONFIRMATION.
7. SELLER SENDS INVITATION LETTER TO BUYER WITH AVAILABLE SCHEDULE FOR BUYER OR BUYER S REPRESENTATIVE TO SEE COPPER CATHODES IN DAR ES SALAAM.
8. UPON THE ISSUANCE OF THE IRREVOCABLE SWIFT MT 700 DLC FROM A TOP 50 WORLD BANK, AND AFTER INSPECTION BY OCC, CEEC OR OTHER GOVERNMENT AGENCIES IN COUNTRY OF ORIGIN AT LOADING PORT, SELLER DELIVERS PRODUCT TO BUYER’S DESTINATION PORT AT HIS EXPENSE.
9. SELLER SENDS ALL SHIPPING DOCUMENTS AND TRANSFERS TITLE OF PRODUCT TO BUYER WHICH IS NECESSARY FOR CLEARANCE OF PRODUCT AT DESTINATION PORT.
10. BUYER COMPLETES PRODUCT INSPECTION WITHIN FIVE (5) DAYS OF PRODUCT’S ARRIVAL.
11. BUYER SUBMITS DISCHARGING PORT INSPECTION REPORT TO BUYER’S BANK AND SENDS COPY TO SELLER.
12. THE SELLER NEGOTIATES PAYMENT VIA DLC AS PER CONTRACTUAL TERMS AND ALL OTHER PAYMENT DOCUMENTS AS PER CONTRACT.
13. AFTER SUCCESSFULLY COMPLETION OF THE FIRST SHIPMENT, PROCEDURES 8 12 WILL REPEAT IN SEQUENCE FOR EACH DELIVERY AS PER THE AGREED DELIVERY SCHEDULE
THE GOODS SHALL BE CLEAN COPPER CATHODES, FREE OF DIRT, METAL SCRAPS, WOODS, PLASTIC, GREASE, ALLOY OR ANY PROHIBITED ITEMS. THERE SHALL BE NO MATERIALS RELATED TO WAR, EXPLOSIVE AND ARMOUR, GAS CYLINDER, SEALANT OR ANY HARMFUL MATERIALS.
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