Commodity: Copper cathodes LME grade “A” produced .
Quantity: 500-2500 MT/ month
Quality: Copper cathodes LME grade “A” as per following typical analysis:
| Cu | 99.994 | % Min | As | < 1 | PPM | Sb | < 1 | PPM | |||
| Fe | < 2 | PPM | Pb | < 5 | “ | Zn | < 3 | “ | |||
| Mn | < 0.5 | “ | Co | < 2 | “ | Ni | < 1 | “ | |||
| S | < 15 | “ | Cd | < 0.2 | “ | Te | < 1.2 | “ | |||
| O | < 50 | “ | Se | < 0.4 | “ | Sn | < 1 | “ | |||
| Bi | < 1 | “ | Si | < 1 | “ | P | < 1 | “ | |||
| Cr | < 1 | “ | Ag | < 10 | “ |
Standard: ASTM-B115
Packing: In bundles.
Shipment: In partial shipment. The exact shipment schedule shall be mutually agreed between Buyer & Seller at the time of contract settlement.
Delivery: Fob Jebel Ali, based on Incoterms 2020.
Term of Delivery : FOB Mersin ,FOB Jebel ali ,CFR Antwerp
Price: The price per metric ton of the material shall be the official LME cash settlement price for copper grade ‘A’ in USD as published in the London Metal Bulletin, during the quotational period plus premium.
Quotational period: The quotational period shall be five consecutive LME working days commencing from the first LME working day after the delivery note date (i.e. Delivery of cargo in the bonded warehouse evidencing by Delivery note).
Payment Procedure:
- Buyer shall pay 100% (one hundred percent) of manually signed provisional invoice value amount of each shipment maximum within 4 (four) consecutive working days from the date of provisional invoice net cash payable by telegraphic transfer in AED (UAE dirham) or Euro to a bank account nominated by Seller prior delivery of the cargo as per delivery term.
- The price for provisional invoice shall be calculated based on the price of one LME working day of LME cash settlement price for grade ‘A’ copper prior to the date of provisional invoice plus the contractual premium.
- The Seller’s final invoice will be issued based on final weight and final prices once the price is known based on the quotational period and the final value of the material shall be paid by Buyer by telegraphic transfer against Seller’s presentation of final invoice document within (5) working days from the date of the final invoice.
- All calculation of Provisional/Proforma/Final invoices is based on USD, then converted to other mutually agreed currencies for payment.
- The exact payment procedure shall be mutually agreed between Buyer & Seller at the time of contract settlement.
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