Selling N°681692:
Wholesaler Customer search metals 06/05/2025 20:42:25 non-registered LME Electro copper Cathode
we are seeking reliable and genuine buyers for non registered lme electro copper cathode with the following specifications:
product specifications:
electro copper cathode top grade 99.99%
> dimension : 914mm x 914 x 12mm (appr.) (+/ 1%) (lme standard)
> weight of each sheet: 125kgs (+/ 1%)
> net weight per pallet 2mt approx (+/ 1%)
> min. weight in each container: 20mts approx.
> copper (cu) min% 99.99% 99.97% min
> meets astm b 115 standard
> packing: palletized banded by aluminum bands
non negotiable transaction terms & cif procedure:
please note that the following transaction terms and procedures are non negotiable. by expressing interest, you acknowledge and agree to these terms:
1. letter of intent (loi) & full corporate offer (fco): the buyer submits a letter of intent (loi). the seller will then issue a full corporate offer (fco).
2. fco acceptance & purchase agreement: the buyer signs and returns the fco. the seller will provide a draft purchase agreement for review and endorsement by both parties. the buyer signs and returns the purchase agreement, along with a copy of the data page of the buyer's passport and the buyer's company certificate of registration.
3. legalization & proof of product (ppop): the seller will legalize the signed purchase agreement at their own expense and subsequently send the legalized contract and proof of product (ppop) documents to the buyer.
4. bank guarantee/letter of credit (sblc/mt760): upon receipt of the ppop documents, the buyer is required to issue an acceptable, irrevocable standby letter of credit (sblc) or bank guarantee (mt760) via swift to the seller's nominated bank account for the total value of the first shipment within seven (7) banking days. this financial instrument enables the seller to commence the transportation of the cargo to the buyer's designated port.
5. security deposit (in case of sblc/bg delay): should the buyer fail to issue the sblc/bg mt760 within the stipulated seven (7) banking day period, the buyer is obligated to make a security deposit equivalent to 1.5% of the total product value. this deposit serves as a performance guarantee for the seller and allows the seller to proceed with the shipment to the agreed discharge port.
6. sblc/deposit confirmation & performance bond (pb): upon successful receipt of the sblc or the 1.5% security deposit, the seller's bank will issue a 2% performance bond (pb) guarantee to the buyer's bank only if an sblc/mt760 was issued. if the buyer provides the 1.5% security deposit, no 2% pb will be issued by the seller. following this, the buyer will be invited to inspect the order at the seller's premises, and the seller will authorize the transportation of the cargo to the buyer's nominated discharge port.
7. arrival, inspection, and offloading authorization: upon arrival of the cargo at the discharge port, the buyer will conduct a quality and quantity inspection. upon satisfactory completion, the buyer will provide the seller with the authorization to offload the cargo.
8. release of pop documents & final payment: the seller will release the full set of proof of product (pop) documents. the buyer will then make the remaining 98.5% (if a security deposit was made) or 100% (if an sblc/mt760 was issued) payment of the total product value.
9. commission & subsequent shipments: the seller will settle any agreed upon commissions with mandates/intermediaries. both parties will then discuss and negotiate the terms for any potential future monthly shipments, if applicable.
we are seeking serious and end buyers who are prepared to adhere strictly to the outlined non negotiable transaction terms and procedures.
