Copper Cathode 99.99%

- COMMODITY: Electrolytic Copper Cathode Grade A
- Delivery: Immediately
- Specification: Copper Cu 99.97% -99-99%
- Dimensions : 914 mm x 914 mm x 12 mm (LME Standards) Weight of each sheet: 125 Kilograms (Approximately �± 2%)
- Documents
Seller will provide all relevant documents (POP); these include Analysis Certificate, Certificate of Ownership, and Certificate of Origin. Bill of Lading, Packing List and Insurance 110% are obtained once the goods are loaded into the vessel.
- Procedures
i. The Buyer issues LOI & parties execute an NCDA
ii. Seller Mandate issues FCO which is signed and returned by the Buyer
iii. The Seller issues draft Sales and Purchase Agreement (SPA) for Buyer's review and acceptance.
iv. The Buyer returns amended SPA with Buyer's signature and seal together with Proof of Funds (RWA Bank letter or MT799 or Bank Comfort Letter).
v. The Seller countersigns and completes SPA with all applicable banking coordinates.
vi. The Seller confirms the availability of the Copper Cathodes and provides a full set of
Proof of Product (POP) documents.
vii. Buyer's bank issues draft DLC MT700 to seller's financier's bank and the parties confirm
the verbiage of the LC payment guarantee.
viii. Buyer issues revolving LC in the amount equal to one month's supply (10,000MT) and
this activates Seller's 2% Performance Bond (PB)..
ix. Seller arranges shipping of the trial shipment of 1,000 MT and provides the Buyer with
full shipping documentation, including SGS or equivalent inspection at port of lading.
x. Buyer pays for the trial shipment by T/T SWIFT MT103 within 72 hours of SGS/CIQ
inspection at Buyer's discharge port. The process repeats for each of 36 monthly shipments.