Copper Cathode at -25% LME, Ajg International, Mumbai, India

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Copper Cathode at -25% LME : Sell Offer

Unit:	MT
Quantity:	500
Packing:	On Request
Price:	P.O.R
Posted On:	14 August 2009

Description:
SOFT OFFER COPPER CATHODE

TO – END BUYER

We wish to confirm on behalf of our end seller, he is ready, willing, and able to supply the commodity stated below with the following specifications, terms, and conditions. Sales and purchases are base on international procedures.

Commodity: Copper Cathode, 99.99% PURE (non LME registered) Grade A copper cathodes and conforming to LME standards. Dimensions of 914mm x 914mm x 12mm
Specifications and
Chemical composition elements VALUE (%) ELEMENTS VALUE (%)
COPPER (min %age) 99.99
SILICA (Si/ppm) 0.3
IRON (Fe/ppm) 2
COBALT (Co/ppm) 0.2
SULPHUR (S/ppm) 4
ARSENIC (As/ppm) 0.1
OXYGEN (O2/ppm) Nil
BISMUTH (Bi/ppm) 0.1
ARGENT (Ag/ppm) 10 MANGANESE (Mn/ppm) 0.1
LEAD (Pb/ppm) 0.2
TELLURIUM (Te/ppm) 0.05
NICKEL (Ni/ppm) 0.2
ALUMINIUM (Al/ppm) 0.5
SELENIUM (Se/ppm) 0.3 MAGNESIUM (Mg/ppm) 0.4

Origin: Democratic Republic of Congo
Loading Port: Seller’s Port – Dar Es Salaam – Tanzania, East Africa
Destination Port: Buyer’s Choice and Port –
Validity: 5 days
Packing: Aluminum Pallets. Each package contains Contract Number, Consigned Details, Number of a Bundle, Weight Gross and Net. The copper cathodes are packed in bundles of 2.5 MT each that are loaded in 20 foot containers (20MT each). One plate weights approximately 125 kilograms.
Current Capacity NO TRIAL ORDERS
Minimum China Order 500 MT per month x 12 month contract
Minimum ASWP Contract Order 2,000 MT per month x 12 month contract
Minimum ASWP Spot Deal Order 5,000 MT
Delivery Time: Seller’s Choice, usually 30-45 days
Inspection Inspection of the product will be confirmed and available after loading on a certificate issued by the Independent International Survey Company – SGS, CIQ, or CCIC at Seller’s expense.
Net Price LME – 25% (price controlled by seller, negotiable)
Payment Term Options
1. SBLC or BG must be active at loading port + T/T 100% within 15 days after arrival at buyer’s port, off loading, and re-inspection.
2.100% LC active and payable at loading sight
Shipment CIF – Carrier, Insurance, and Freight

PROCEDURES:
1.The buyer issues LOI (Letter of Intent).
2.The Seller issues the FCO, the buyer signs and sends it back with BCL and full banking information
3.The seller issues the Draft Contract, along with MT760 text for Buyer’s approval.
4.The buyer signs and returns the Draft Contract.
5.The seller issues the Final Contract.
6.The buyer’s bank shall open via SWIFT MT760 Confirmation of Funds to the seller’s bank within 7 banking days after Final Contract is signed.
7.The seller’s bank within 10 banking days after receiving the MT760, will issue 2% PB via SWIFT to the Buyer’s Bank OR the seller’s bank will issue 2% Performance Bond to activate the financial instruments at loading sight.
8.Shipping begins according to contract.
9.Payment is released to Seller according to the contract.

NOTE: Buyer is invited to the loading port to witness the goods being loaded and inspected without an invitation. However if the buyer wants to visit the yard, then an invitation is necessary.

PAYMENT TERM OPTIONS:
1.Buyer sends ICPO with full banking details, Seller’s sends SPAC, Buyer signs and returns SPAC.

2.Both Parties hereto hereby agree that the Payment terms under this SPAC (Sales Purchase Agreement Contract) shall be as follows:

oPayment to be guarantee by NON OPERATIVE IRREVOCABLE CONFIRMED TRANSFERABLE SBLC issued via swift MT760, (Confirmation of Funds). After buyer’s inspection at the port of loading, the seller will issue the 2% PB (Performance Bond) to activate the buyer’s SBLC. Payment by 100% swift transfer upon arrival and re-inspection of goods at destination port by SGS or its equivalent within 15 days. (The Buyer is to arrange terms with their bank of a non-operative instrument).

oIf buyers bank cannot issue the required NON OPERATIVE IRREVOCABLE CONFIRMED SBLC, the buyer's bank must issue the OPERATIVE IRREVOCABLE CONFIRMED TRANSFERABLE SBLC issued via swift MT760 (Confirmation of Funds). The seller will then issue the 2% PB immediately. Payment by 100% swift transfer upon arrival & re-inspection of goods at destination port by SGS or its equivalent within 15 days.

Upon signing of this SPAC, the seller hereto shall submit a copy of this SPAC together with relevant documents required by his bank to start the Bank-to-Bank process of issuance of the required transferable, irrevocable SBLC. The buyer’s banking coordinates and instructions shall be given as part of the documents to be submitted to the Seller’s Bank.

Currency: Both parties hereto and hereby agree that the currency for the payments for goods under this SPAC shall only be that of the USD (United States Dollars) Currency.

Payment for the goods will be remitted by swift transfer within Fifteen (15) banking days of goods arrival, presentation of shipping documents, and final inspection (CIQ pass report) at the declared destination port.

WARRANTY: Our seller guarantees that this product and promised quantities exist, and that the seller has the legal authority to supply, sell, and export the product legally from the current governing authority.