Copper (Cu) Newsgroup

Location: HONG KONG, KWUN TONG KOWLOON

Copper Cathod sheets..
We have direct Supplier ( Manufacturer) of Copper Cathode supply from Switzerland originated from Kokwezi-DRC to export based on CIF i.e AWSP with the following details: Commodity: Electrolytic Copper Cathodes ( No LME registered ) Specification: Grade A Min CU- Purity 99.97% - 99.99%. Origin: Congo and or Zambia. Loading ports: Durban,Beira or Dar-es-salam. Price: LME USD cash official Price minus 19% discounts CIF AWSP. The LME (London Metal Exchange) fixing is established at the time of issue of the commercial invoice at the time of loading at loading port based on the average of the last 3 LME Trading days. If the 3 days average LME price deviates from the price set at the time of signing agreement by plus or minus 15%, The discount must be re-negotiated. In the event that the re-negotiation does not lead to an agreement between the parties, the contract can be dissolved. Step by Step Procedure as follow: 1) Buyer issue LOI and BCL or ICPO. 2) Seller respond by sending a Full Corporate offer (FCO) 3) if Seller agree, signs the FCO with company chop and send back to Seller. 4) Seller issues Sales & Purchase Agreement (SPA) to review or sign back after mutual agreement and sed it to seller. 5) After signed SPA, Seller issue the Proforma Invoice with price calculated as described above for the purpose of issuing the SBLC/MT760. 6) Buyer’s bank will send a pre-advice to the seller’s bank via MT799/RWA with the SBLC Verbiage. Once the draft is accepted,The advising bank will reply to buyer’s bank with a message MT799 for acknowledgement and confirmation that it is willing ad able to receive the SBLC/MT760. 7) Seller’s bank will send the draft of conditional PB (performance Bond) of 2% the value of total Invoice. (This PB is the PG called Performance guarantee) 8) The buyer’s bank will send the operative SBLC/MT760 to the designated seller’s Bank. 9) within 30 days after the financial instrument is operative,The seller makes first shipment and the following shipment would proceed every 30 days but never before the former shipment has been paid in full. 10) seller shall be exclusively responsible for any Tax, Insurance, Transportation cost etc. 11) Inspection at the destination port should be finalised within 10 days of the arrival of the goods and the payment via TT/MT103 transfer within 3 days after successful inspection. In case of delay of payment,The buyer agrees to pay an additional 0.1% of the commercial invoice amount per day,Subject to a maximum of 5% except in case of “Force Majeure” immediate effect. NOTE: Direct buyer or Buyer’s mandate or Intermediary Wellcome but strictly no chain of brokers please. Commission would be Paid to intermediary with a Separate (FPA) Fee protection agreement. Product stock personal visit can be arrange after signing agreement.