Copper Cathode Plates

1.1. Commodity : CU Copper cathode plates
1.2. Delivery Terms : 5,000 Tons per Month for 12 months Revolving Contract
1.3. Origins : Democratic Republic of Congo for further CIF deliveries
1.4. Form : Copper Plates
1.5. Quality : CU 99.96-99.99% purity (as per Certificate of Analysis at origin)

1.6. Price : 20% less LME
1.7. Payment : By SWIFT based upon the final Assay Report via MT-103 Wire Transfer.

1.8. Payment Guarantee : Confirmed Standby Letter of Credit (SBLC), via Swift MT-760, valid for One Year and One Month Revolving Monthly
1.9. Validity of SBLC : One Year and One Month
1.10. Packaging : On pallets
1.11. Delivery : By Boat/Air/Rail
1.12. DOCUMENTS

a) Commercial Invoice notarised at chamber of commerce of shipping country
b) Packing list
c) Certificate of origin
d) Certificate of Ownership
e) Export Certificate (Export Permit)
f) Declaration that the goods is free and clear of encumbrance and of none criminal origin and source .
1.13. Certificate of Assay from ......................

2. PROCEDURE
2.1. Buyer and Seller sign the Sales and Purchase Agreement (SPA), where delivery protocol is delineated. Each page must be initialed.
2.2. Seller after signing contract, shall forward all copies of company incorporation certificates including POP (verifiable proof of product,) to Buyer.
2.3. Buyer’s Bank issues a RWA via MT799/199 to issue the SBLC via SWIFT MT760 to Seller Financial Bank. The SBLC will be for one year and one day.
2.4. After receipt and authentication of the RWA, Seller Financial Bank confirms via MT199/799 readiness to receive the SBLC via SWIFT MT 760.
2.5. Buyer Bank issue the SBLC via SWIFT MT 760 to the Seller Financial Bank.
2.6. After authentication and confirmation of the SBLC, Seller Financial Bank issue operative Performance Bond of 2% to the Buyer Bank.
2.7. Within 10 (Ten) banking Days, Seller notifies the Buyer of the first delivery with all export documents.
2.8. Upon final assay at Buyer Destination Warehouse , in under 24 / 48(twenty four / forty eight) banking hours, Buyer transfers payment to Seller’s bank account.
2.9.Upon confirmation of payments, Seller releases ownership to Buyer and the Warehouse releases the Copper Cathode Plates to Buyer.