Description

Copper Concentrate
2) Specifications: Purity min *6 %,
*0% of Ore Particles not larger than *0mm
Chemical composition
3) Quantity: Total up to **0,**0 MT in one year with monthly shipments of
about *0,**0 MT, and one first trial order of **0 MT
4) Packing : in Bags in Container
5) Origin: Zambia or Democratic Republic Congo
6) Price : LME USD Cash Official Price minus *7% discount * *6% CIF destination port.
7) Destination Ports : CIF Fang Cheng Port China
8) Inspection : Loading port: SGS or CCIC at Sellers expense.
Discharge port : SGS or CCIC at Buyers expense .
9) Performance bond : 2.0%
*0) Insurance: (Seller Side) **0% of the Value of the Shipment.
*1) Payment: SBLC/MT**0 unconditional, confirmed, irrevocable, at sight, with maturity of **6 days, covering **0% of the value of one regular monthly shipment. Financial Instrument must be issued by a World Primary Bank with minimum Rating A.
Payment at destination port against shipping documents and SGS report through TT MT**3.



Procedures:
1. If buyer agrees with the Full Corporate Offer, signs and stamps the document and sends it to the seller.
2. Seller sends a Sales Purchase Agreement (SPA) for the buyer to review and remark until both parties have come to a mutual agreement.
3. Buyers Bank sends a RWA to the Seller. As soon the RWA is received Seller sends a pro-forma invoice with the price calculated as described above for the purpose of drafting the financial instrument.
4. The Buyers Bank will send to Sellers Bank via Swift a draft of the financial instrument as described above. Courtesy copy of the draft or verbiage has to be sent also to the Seller via e-mail. If Buyers bank cannot send the draft SBLC via Swift, this can be sent by email, but once the draft is accepted by the Seller, the Buyers bank has to confirm via Swift MT**9 to the Sellers Bank that it is willing and able to issue the SBLC according the draft and communicate the code no. of the instrument.
5. Upon receipt of this confirmation the supplier will provide the Proof of Product (POP).
6. The sellers bank sends a verbiage of Performance Bond to the buyers bank, with the commitment to activate the performance bond after 3 working days after the operativity of the SBLC.
7. The buyers bank activates the SBLC.
8. The seller\'s Bank issues the Performance Bond (PB).
9. The Seller makes the goods ready for first shipment within ****5 days and delivers:
- Original commercial invoice issued by the seller, 1 original and 3 copies, duly signed and dated.
- Duly signed and stamped packing list, 1 original and 1 copy
- Full set clean on-board bill of lading made out to order quantity marked freight prepaid
and notify applicant (full name and address) 3 original and 3 copies.
- Certificate of origin form A issued by the competent authorities, in 1 signed original and
3 signed copies.
- 2 Originals and 2 copies of quality/quantity and non-radioactivity inspection report issued
by SGS or other equivalent international surveyor at loading port, appointed by the Seller,
indicating quality, quantity, containers, and seal number(s).
- Shipping company declaration attesting the actual date of arrival of the vessel and the
actual date of unloading.
- Seller declaration stating that goods are free and clear of all liens and encumbrances and
freely tradable, exportable and of non-criminal origin.
- Insurance policy/certificate, issued in favor of the applicant, covering all risks as per
institute cargo clause (A), war and S.R.C.C. risks, for **0 pct of the value of goods defined
on the base of the commercial invoice. 2 originals and 2 copies.
- Within 3 days of every shipment, Seller will send of one full set pdf copy of documents via
email to the Buyer.
*0. Shipment of the goods shall proceed.
*1. At destination the Inspection should be completed within 5 working days. After successful
Inspection and presentation of all shipping documents, the payment, according to the
commercial invoice should be executed by MT**3 within 3 working days. If the SGS report
at destination is not sent to the Sellers bank and to the Buyers Bank within 8 days, the
payment is to be done based on the SGS report at loading port.
*2. The regular monthly shipments will follow every *0 days according to the same
procedure but not before the previous shipment is settled and fully paid.