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copper cathodes

  • China China  
  • Last Updated:
    Posted on: 29 Feb 2024

  • Payment Terms: L/C
Buyer Information

RFQ Details

LETTER OF INTENT

Dear Sir/Madam

We, Wuhan China Wealthy Resources Development Corporation confirm the intension of our China Copper Plant to purchase the following goods, subject to final contractual terms and conditions.

Commodity: Copper Cathodes (Cu 99.97% min)

Specifications: Chemical Composition Guaranteed Rejection
Cu 99.97 <99.97

Size: 914mm*914mm*12mm

Quantity: 3000MT for the trial order

Packing: Palletized banded by aluminum band

Unit Price(Target Price)
With LME register No.(FOB): LME price less discount 15%
Without LME register No.( FOB): LME price less discount 25%

Performance Bond:
Seller should open an unconditional performance bond for the value of 2% of each shipment after 5 working days from the contract signed date but before buyer open LC.

Payment:
100% at sight letter of credit for every shipment issued before 30days according to the contract delivery schedule in 95% + 5% payment as below:

95% Provisional Payment required documents:
- Invoice, B/L, Loading port's SGS Quality & Quantity Certificate, Certificate of Origin & Shipping Advice.

5% Final Payment required documents:
- Invoice, Discharging Port CIQ Quality &Quantity Certificate
- In case buyer not provided CIQ Certificate to seller within 20 days after discharge, the SGS Certificate at loading port is valid for the payment.

Loading Port:
Discharge Port:
Inspection: SGS at load port, CIQ at discharge port

Others:
Seller should issue FCO, pass export documents (SGS, CO, BL, ect.) to buyer within 3 working days after receiving this LOI.

Buyer and seller should exchange POF from buyer & POP from seller through bank after receiving the above mentioned documents from seller within 5 working days.


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