Copper Ore, Copper Concentrate, Copper Cathodes and Other Metal Commodities

PROCEDURES FOR COPPER CATHODES

  1. The Buyer mandate will provide the Buyers Profile. Once the Seller is satisfied with the profile will move on to the next step to engage further.
  2. The Buyer will arrange to issues LOI to the Seller on their legal letterhead.
  3. The Seller will issue the Full Corporate Offer (FCO) to the Buyer.
  4. The Buyer will sign the FCO and return it to the Seller.
  5. The Seller will send The Sale Purchase Agreement (SPC) draft in MS WORD to The Buyer.
  6. The FINAL SPA will be issued in Acrobat with password protection so that the T&Cs are not changed. The Signed and Stamped Copies must be accompanied with the following necessary documents:
    1. Company registration
    2. Passport copy of the authorised signatory
    3. Tranche details
    4. Banking coordinates and banking officers
    5. Quality specifications
  7. The Seller will send the Proforma Invoice to The Buyer.
  8. The Buyer will open an SBLC to the Seller. The Seller will issue the PB of 2% as per ICC guideline.
  9. Goods will be delivered in a bonded warehouse in ZAMBIA/DRC/SOUTH AFRICA. Depending on the distance of the warehouse, the delivery could take anything between 7 to 15 days from the opening of the SBLC.
  10. The Buyer is to arrange at their own expense to get the quality and quantity checked within 72 hours after delivery into the Bonded Warehouse.
  11. The Buyer will arrange to pay the full sum as per the Proforma Invoice into The Seller’s Account. Once the payment shows in The Seller’s Account, the OWNERSHIP will be transferred to The Buyer.

NB: Other Incoterms available for delivery.