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Copper
COMMODITY:
Copper Cathodes Grade A (Electrolytic Copper Grade) Standard Cu Cathode-1, purity 99.99%
- Dimensions: 914m x 914mm x 12 mm
- Weight of each sheet: 125kgs (+/- 1%)
- Net weight of each pallet: 2mts (+/- 1%)
STANDARD OPERATING PROCEDURE:
BUYER
1. Submit Letter of Intent (LOI) and Sign FCO, Document require Passport, Company certificate, NCNDA/IMFPA
BUYER
3. Lodge the signed SPA+PI to the Bank
4. Send draft Letter of Credit (L/C) for review
BUYER
6. Send non-operative L/C via MT700
BUYER
11. Receive, inspect, and make payment via MT103 (within 72hours after issuance of assay report)
SELLER
2. Issue Sales & Purchase Agreement (SPA)
SELLER
5. Review and approve the draft L/C
SELLER
7. Banks receive, verify, and authenticate L/C
8. Within 48 hours thereafter, Banks send 2%Performance Bond and Proof of Product to trigger L/C
SELLER
12. Transfer ownership title within 48 hours of receipt of funds
13. Ship further tranches per the agreed delivery schedule
LIVE COPPER SPOT PRICES:
CHEMICAL COMPOSITION:
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