We would like to offer You a long-term business partnership with supplying raw copper ore with the following specification (sulfide ore):
33 – 43 % mineral content proved by assay report of Robinson International
Fraction: 40-70 mm
Packing: Packed in 1000 kg big bags
Trial batch: from 1000 tons to 3000 tons
Contract: from 2,500 tons to 5,000 tons x 12 months
Delivery terms: EXW as per Incoterms 2020
Copper ore price: "LME" copper cash seller and settlement price x Cu % x Coefficient of valuation factor %.
"LME" means London Metal Exchange ( www.lme.com )
Payment terms: SBLC / BG / DLC
Inspection: SGS, Alex Stewart, Alfred H Knight or equivalent inspection at warehouse
1. Buyer sends signed Letter of Intent (LOI) + Know Your Customer (KYC) and Proof of Funds (POF) together in one e-mail;
2. Seller sends FCO, the buyer confirms the FCO (optional);
3. Contract period: seller sends a draft contract for the buyer to review, upon agreement on terms;
4. Buyer opens SBLC / BG / DLC on lot amount for the shipment.