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RFQ Description

LETTER OF INTENT (LOI)Date: June 15th ,2013Our Ref: CuCaCoxWe, U G E LLC, hereby that we are ready willing and able under the act of perjury to purchase the following commodity as specified below for our client and that funding is available.Commodity / Product: Copper cathode,copper powder,copper ingotOrigin:Specifications & target:Order 1)Copper cathode,Cu99.99%,A grade,Non-LME register(urgent order)Quantity: 500MT trial order + 2000- 30000MT/month x 12 monthsOrder 2)Copper cathode,A grade,LME register.Reply:1. Contract draft or FCO(with specs,CIF price,loading port,shipping term)2. Analysis report(CCIC/SGS or CIQ or other confirmed certificates)3. Export certificate, of origin.Note:1. Payment:100%LC at sight after CIQ/SGS/CCIC at the destination port.Dont contact if cash,SBLC.(Our bank is top 50 in the world: Bank of China; or HSBC,Standard Chartered Bank)2. We can do FOB or CIF Shanghai port.We can arrange shipping from loading port to Shanghai port.3. We only sign with miner/factory/End seller directly.4. We will sign sole agency contract with end seller,we prepare to give 3000MT/Month orders at least.Main operating process:1. The buyer send LOI.The seller issues contract draft or FCO,exportlicense,CCIC/SGS,and the report of supplier.Buyer confirm them.2. Buyer and Seller sign contract,and buyer may see factory/ mine to inspect.3. After Contract within 5 (Five) banking days, Seller shall (directly by themselves orthrough their group companies) issue applicable non- operative Performance Bond 2% to Buyer bank.4. Buyer receive seller 2% (PB) and within 5(Five) banking days, shall issue irrevocable L/C, which automatically activates the PB.5. Buyer is to inspect the Cargo/goods, in loading port.6. Shipment commences as per contract.Awaiting your earliest response.Regards ISHAQ AZAM.