Buy Copper Cathode

RFQ Description

PRODUCT: COPPER CATHODES. 99.99 % Cu ORIGIN: EUROPE (GERMANY, ITALIA AND OTHER) TOTAL ANNUAL QUANTITY: (93,500+/- 5%) M.T. per year.MONTHLY DELIVERY: (500 Mt First trial; 3000 Mt 2nd trial and 7,060. Quantity may be extendable at the buyers explicit request to any amount up to 9,000 Mt +/-5%) MT TECHNICAL SPECIFICATION: COPPER CATHODE 99.99 % Cu (Data sheet is requested) CONTRACT PERIOD: 62 months LOADING PORT: Germany or other EU PortDELIVERY: CIF Fangcheng Port. ChinaPRICE AND DISCOUNT: CIF 4700.00/MTPAYMENT CONDITIONS: The BUYER’S Bank will deliver to the Seller’s Bank a Non-Transferable, irrevocable DLC equivalent to the first shipment amount, payable 30% of the Pro-Forma Invoice value at loading port against delivery documents and SGS report and the remaining amount of 70% will be paid at destination port against all shipping documents agreed in the SPA. PAYMENT PROCEDURES: According to the terms of the contract to be mutually agreed upon by Buyer & Seller.INSPECTION: SGS for Quantity and Quality (Q&Q) and physical inspectionPERFORMANCE BOND: 2% Performance BondPRELIMINARY PROCEDURAL SUBJECT TO MUTUAL CONSENT. 1.Buyer issues Letter of Interest or ICPO (LOI/ICPO) to Seller and pricing is agreed upon by the parties2.Seller issues Formal Corporate Offer (FCO) to Buying interest3.Buyers and Sellers agree to FCO basis terms and conditions4.Seller’s sends pictures and video of the material with the current date with our company name on it (Grupo DUAO SpA), to give buyers confidence that material is currently reserved.5.Seller or Buyer initiate Sales Purchase Agreement (SPA) to be negotiated as executed and sealed by the parties6.Sellers organize a site visit to the origin of the subject material as Buyers will travel to site upon described date. This can be avoided if the seller provides us with the images and videos of the required material with the current date and verified information as requested in part 4. 7.The BUYER’S Bank will deliver to the Seller’s Bank a Non-Transferable, irrevocable DLC equivalent to the first shipment amount, payable 30% of the Pro-Forma Invoice value at loading port against delivery documents and SGS report and the remaining amount of 70% will be paid at destination port against all shipping documents agreed in the SPA. 8.Within 48 hours after delivery of the DLC, the Seller’s bank will deliver to the Buyer’s Bank an operative 2% performance bond (PB) from a top banking institution9.Shipment will start according to the conditions of the contract and according the agreed schedule.How much time will you take to deliver the goods