Copper Sheets

PRODUCT NAME & GRADE NON LME REGISTERED -COPPER CATHODES - ELECTROLYTIC GRADE “A” – STANDARD Cu CATHODE – 1

SPECIFICATION

**COPPER (CU) PURITY 99.99% (REJECTION BELOW MINIMUM 99.95%) **COBALT (CO) 0.2 PPM **LEAD (PB) 0.2 PPM **IRON (FE) 2.0 PPM **ALUMINIUM (AL) 0.5 PPM **MANGANESE (MN) 0.1 **NICKEL (NI) 0.2 PPM **ANTIMONY (SB) 0.1 PPM **ARSENIC (AS) 0.1 PPM **SILICA (SI) 0.3 PPM **BISMUTH (BI) 0.1 PPM **TELLURIUM (TE) 0.05 PPM **SILVER (AG) 10.0 **SELENIUM (SE) 0.3 **MAGNESIUM (MG) 0.4 **SULPHUR (S) 4.0 PPM **OXYGEN (O) 0.00NIL **ZINC (ZN) 0.04 **ARGENT (AG) 10.0 PPM ** SELENIUM  (SE) 0.3 PPM

DIMENSIONS & MEASUREMENTS

LENGTH, WIDTH AND THICKNESS OF EACH SHEET SHALL BE EQUIVALENT TO GENERALLY ACCEPTED LME AND INTERNATIONAL ACCEPTED MEASUREMENTS. THE COPPER CATHODE SURFACE CONDITION SHALL BE FREE OF IMPERFECTIONS, DEFECTS AND EXCESS EXPOSURE TO OUTDOOR WEATHER.

DIMENSIONS                                                914 mm x 914 mm x 12 mm / 36” x 36” x 0.5” (APPROX)

WEIGHT OF EACH SHEET               125 KILOGRAMS (+/-1%)

NET WEIGHT F EACH PALLET                    2.000 KILOGRAMS (+/-1%)

NET WEIGHT PER CONTAINER                 20 METRIC TONNES (+/-1%)

GROSS WEIGHT PER CONTAINER             22.2 METRIC TONNES (+/-1%)

PACKING, MARKING & SHIPPING

THE PRODUCT SHALL BE PACKED IN A WAY THAT GUARANTEES THE SAFETY OF THE COPPER CATHODES DURING TRANSPORTATION. SELLER SHALL SEND THE COPPER CATHODES PACKED BY THE MANUFACTURER ACCORDING TO THE SPECIFICATIONS IN ALUMINIUM PALLETS. WODDEN PALLETS ARE NOT ACCEPTABLE. TEH GOODS SHALL BE PROTECTED FROM WATER AND ODXIDATION BY SUITABLE COVERS. ALL PACKING CONDITIONS SHALL MEET THE INTERNATIONAL SAFE STANDARDS. EACH PACKAGE SHALL CONTAIN THE FOLLOWING INFORMATION (1) CONTAINER NUMBER (2) CONTAINER IDENTIFICATION (3) GROSS WEIGHT AND NET WEIGHT (4) CONSIGNEE INSPECTION STAMP (5) NUMBER OF BUNDLE (6) MINE BRAND

COUNTRY OF ORIGIN

AFRICA AND BRAZIL

QUANTITY & BASIS OF DELIVERY

48.000 METRIC TONNES TO BE SHIPPED IN 12 MONTHS IN 12 SHIPMENTS OF 4.000 METRIC TONNES PER MONTH WITH THE FIRST SHIPMENTT O COMMENCE WITHIN 15/20 DAYS FROM DATE OF RECEIPT OF THE OPERATIVE DOCUMENTARY LETTER OF CREDIT IN THE SELLER’S BANK (WE CAN BREAK THIS DOWN TO 02 ORDERS OF 24.000 METRIC TONNES (± 1%) TO BE SHIPPED IN 12 SHIPMENTS OF 2.000 METRIC TONNES (± 1%) TO GIVE TO YOUR 02 BUYERS)

PORT OF DESTINATION & INCOTERMS   

____ (TO BE NOMINATED BY THE BUYER) ____  ON CIF BASIS (COST, INSURANCE & FREIGHT) - INCOTERMS 2000 WILL BE APPLIED.

PRICE

THE PRICE IS BASED AT LME (LONDON METAL EXCHANGE) MINUS __% FIXED ON THE DATE OF THE CONTRACT SIGNING

PRODUCT INSPECTION

LOADING PORT

EACH SHIPMENT SHALL BE INSPECTED AND A CERTIFICATE ISSUED FOR QUALITY, QUANTITY AND WEIGHT BY SOCIETE GENERALE DE SURVEILLANCE (SGS) AT SELLER’S EXPENSES.

UNLOADING PORT

EACH SHIPMENT SHALL BE INSPECTED AND A CERTIFICATE ISSUED FOR QUALITY, QUANTITY AND WEIGHT BY INTERNATIONAL SURVEYOR COMPANY (SGS/CIQ) AT BUYER’S EXPENSES. THE WEIGHT OF THE PRODUCT AS DETERMINED AND CERTIFIED BY THE SELLER TOGETHER WITH THE FINAL ANALYSIS CERTIFICATE ISSUED BY THE INTERNATIONAL SURVEYOR COMPANY (SGS/CIQ) AT LOADING PORT AT THE TIME OF LADING SHALL BE THE BASIS OF THE COMMERCIAL INVOICE

PAYMENT TERMS

BUYER’S BANK WILL SEND AN IRREVOCABLE, TRANSFERABLE, UNCONDITIONAL, DIVISIBLE, ASSIGNABLE AND CONFIRMED PRIME BANK GUARANTEE/STANDBY LETTER OF CREDIT FOR THE SUM OF USD$ _____.-/ COVERING THE SHIPMENT QUANTITY AND VALUE WHICH WILL ACT AS A COLLATERAL SECURITY GUARANTEE. THE ACTUAL PAYMENT WILL BE MADE BY SWIFT MT-103/23 CASH WIRE TRANSFER PAYABLE UPON ARRIVAL OF CARGO AT PORT OF DESTINATION AGAINST PRESENTATION OF THE SHIPPING DOCUMENTS MENTIONED IN THE CONTRACT. THE PRIME BANK GUARANTEE/STANDBY LETTER OF CREDIT SHALL BE NEGOTIABLE AND PAYABLE AT THE SELLER’S BANK AND SHALL BE TRANSFERRED BY BUYER’S BANK DIRECTLY TO SELLER’S BANK. THE ISSUING BANK SHALL ALLOW ADDING CONFIRMATION AND ADVISING BY ANY BANK AT THE EXPENSE OF THE BUYER’S SIDE. IF THE PRIME BANK GUARANTEE/STANDBY LETTER OF CREDIT ISSUED BY THE BUYER TO THE SELLER IS NOT IN ACCORDANCE WITH THE TERMS OF THIS CONTRACT OR WHAT IS ACCEPTABLE TO THE SELLER AND THE SELLER’S BANK, THE SELLER’S AND BUYER’S BANK MUST DISCUSS AND ATTEMPT TO RESOLVE AMICABLY ANY EVENTUAL MINOR DISCREPANCIES – FORMAT ATTACHED IN THE CONTRACT

PROCEDURES

ª      BUYER SIGNS AND SENDS BACK THE SOFT CORPORATE OFFER ALONG WITH THE OFFICIAL LETTER OF INTENT IN FAVOUR OF THE SELLER

ª      SELLER ISSUES THE FULLCORPORATE OFFER IN FAVOUR OF THE BUYER. BUYER SIGNS AND SENDS BACK THE FULL CORPORATE OFFER TO THE SELLER WITHIN 48 HOURS.

ª      SELLER ISSUES DRAFT CONTRACT IN FAVOUR OF THE BUYER FOR APPROVAL AND SIGNATURE AND SENDS IT BACK TO THE SELLER WITHIN 48 HOURS.

ª      SELLER SENDS BACK A SIGNED CONTRACT ELECTRONICALLY WHICH IS DEEMEND AS ORIGINALS.

ª      SELLER AND BUYER EXCHANGE 02 HARD COPIES SIMULTANEOUSLY BY COURIER AND COPIES ARE DULY SIGNED & SEALED.

ª      WITHIN 10 BANK WORKING DAYS OF SIGNING THE FINAL CONTRACT, THE BUYER WILL ISSUE THE NON-OPERATIVE PRIME BANK GUARANTEE/STANDBY LETTER OF CREDIT IN FAVOUR OF THE SELLER.

ª      WITHIN 10 BANK WORKING DAYS OF SIGNING THE RECEIPT OF THE NON-OPERATIVE PRIME BANK GUARANTEE/STANDBY LETTER OF CREDIT, THE SELLER WILL ISSUE THE PROOF OF PRODUCT IN FAVOUR OF THE SELLER WHICH WILL ACTIVATE THE NON-OPERATIVE PRIME BANK GUARANTEE/STANDBY LETTER OF CREDIT.

ª      SELLER PAYS FOR THE SHIPMENT CHARGES AND LOCAL CUSTOM DUTIES INVOLVED IN THE EXPORTATION OF THE GOODS TO THE FINAL PORT OF DESTINATION WITHIN 15/20 DAYS OF RECEIPT OF THE OPERATIVE FINANCIAL INSTRUMENT IN THE SELLER’S BANK

ª      THE SELLER’S REPRESENTATIVE SHALL TRAVEL AND ATTEND FINAL INSPECTION AT THE PORT OF UNLOADING/DESTIANTION

ª      BUYER APPOINTED INTERNATIONAL SURVEYOR COMPANY (SGS/CIQ) WILL RE-INSPECT THE CARGO AT THE PORT OF UNLOADING/DESTIANTION

ª      PAMENT IS MADE 100% AFTER RE-INSPECTION BY THE BUYER’S APPOINTED INTERNATIONAL SURVEYOR COMPANY (SGS/CIQ) AGAINST PRESENTATION OF SHIPPING DOCUMENTS

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