Copper Cathode
| Commodity | Copper |
| Form | Cathode Sheet |
| Purity | 99.99% |
| Origin | DRC or Zambia |
| Export Country | Zambia |
| Supply Ability | 5,000mt per month |
| Agreement Type | 12 month SPA |
| Price | On Request |
| Incoterms 2020 | X-Works Seller Warehouse or CIF |
| Payment | USDT or MT103 |
ASSAY Results
Test and Pay at Seller's Warehouse
Testing shall be done at the seller’s warehouse in Luanshya. After the Final ASSAY, the buyer will make full payment to the seller.
Test and Pay at Buyers Bonded Warehouse
The buyer may request that the stock be taken to a bonded warehouse of his choice in Zambia but the buyer will need to pay a minimum of 10% deposit. If the testing laboratory needs to do destructive testing then a 30% deposit will be required. The buyer can do initial non destructive testing at our warehouse in order to confirm the purity before paying the deposit. Why we require a deposit:
- Once the stock leaves our warehouse we lose our insurance coverage and we are at risk.
- If the testing laboratory does destructive testing we can no longer sell the stock should the buyer not be able to pay for the stock.
- The buyer may change his mind then we are faced with an additional cost to transport the stock back to our warehouse.
- Buyers sometimes use the fact that the stock is at their bonded warehouse to leverage the seller to drop the price.
- If anything happens to our stock at the bonded warehouse it will be nightmare to get paid for the stock.
Test and Pay at the Port
The buyer may request that the stock be taken to the port but the buyer will need to pay a 10% deposit. The buyer can do initial non destructive testing at our warehouse in order to confirm the purity before paying the deposit. The stock can be taken to Dare Salam port, Durban Port or Beira Port at the buyer’s cost. Why we require a deposit:
- Once the stock leaves our warehouse we lose our insurance coverage and we are at risk.
- If the testing laboratory does destructive testing we can no longer sell the stock should the buyer not be able to pay for the stock.
- The buyer may change his mind then we are faced with an additional cost to transport the stock back to our warehouse.
- Buyers sometimes use the fact that the stock is at the port to leverage the seller to drop the price.
- If anything happens to our stock at the port we run the risk of losing our stock.
ASSAY
The buyer will appoint SGS, Alfred H Knight or Elex Stewart International to do testing. The cost of testing will be for the buyer’s account.
Export Documents
After final ASSAY and transfer of ownership, the buyer will apply for its own export documents using the ASSAY report and the consignment documents received from the seller. The buyer can request the seller to attain the export documents for it providing the buyer pays for its cost.
Payment
After the final ASSAY, the seller will present the buyer with a commercial invoice stating the net weight and total payment due. Payment can be made via USDT or TT Payment. If payment is TT, then the buyer must ensure special clearance of the funds. TT payments are only accepted at the seller’s warehouse.
Documents Provided
The following documents will be shown before testing and provided to the client after payment;
- Certificate of Origen
- Analyses Report
- Title Deed
Please note: we only provide the documents as required by the ministry in order for the buyer to raise its export documents. This is stated above in addition to the SGS report done by the buyer. These are all the documents that are required. We do not provide anything other than what is required by the ministry.
Procedures - Sale at Seller Warehouse
- Seller and Buyer agree and the parties sign the SPA.
- The Buyer will send the Seller the following Documents:
- Proof of funds – must be a bank statement showing the company name and a positive balance for the amount payable.
- Buyers CIS.
- The seller will send to the buyer its CIS.
- Buyer and seller will meet at an agreed location. The buyer will show the seller his live proof of funds by logging into his bank or USDT account.
- Seller will take the buyer to his warehouse in Luanshya.
- The seller will show the buyer its certificate of origin, the analysis report and its title deed.
- The buyer may direct his testing laboratory to proceed with testing.
- After successful testing, the seller will present the buyer with its commercial invoice or payment.
- The buyer will immediately make payment for the full amount due on the commercial invoice.
- Once payment is received and reflected in the seller’s bank account, the seller will transfer ownership to the buyer.
- The buyer may then move the copper to its bonded warehouse or apply for its export documents then move the copper.
Procedures - Sale at Bond Warehouse or at the Port
- Seller and Buyer agree and the parties sign the SPA.
- The Buyer will send the Seller the following Documents:
- Proof of funds – must be a bank statement showing the company name and a positive balance for the amount payable.
- Buyers CIS.
- The seller will send to the buyer its CIS.
- Buyer and seller will meet at an agreed location. The buyer will show the seller his live proof of funds by logging into his bank or USDT account.
- Seller will take the buyer to his warehouse in Luanshya.
- The seller will show the buyer its certificate of origin, the analysis report and its title deed.
- The buyer may direct his testing laboratory to proceed with initial testing.
- After successful testing, the seller will present the buyer with its commercial invoice for payment of the and the cost of logistics to the bonded store or port.
- The buyer will immediately make payment for the amount due on the commercial invoice (depost plus logistics).
- Once payment is received and reflected in the seller’s bank account, the seller will transport the stock to the buyer’s bonded store or port.
- Once stock arrives at the bonded store or port, the testing laboratory will do the final ASSAY.
- The buyer will make the final payment of the balance owed.
Acceptance
Should you be happy with the terms above then please proceed to click the button below for an offer.