Contract length One Year Commodity Copper Cathodes Purity 9999 Cu Form Electrolytic Origin Republic of Zambia Quantity 61000MT Sixty One Thousand Metric Tons First shipment 1000 MT One Thousand Metric Tons Monthly shipment 5000 MT Five Thousand Metric Tons Price Less 12 Twelve Per cent LME Price of the day Loading Port Dar Es Salaam Port Tanzania or Durban Port South Africa Discharge Port xxx xxxxxxxx Incoterms Strictly CIF Cost Insurance and Freight Delivery term Strictly CIF Cost Insurance and Freight Payment Terms Secured by SBLC MT 760 Operative Irrevocable Non Transferable Unconditional Confirmable Standby Letter of Credit MT 760 as Payment Guarantee and finally by Telegraphic Wire Transfer MT 103 After Final Inspection of Quality and Quantity by SGSCICC report at final destination port until Five 5 banking days Note No advance payment will be required by Seller or his representative as long as the SBLC MT 760 is in place and is in active Seller shall use his own resources to ship the copper cathodes to Buyers destination Refinery 1SPECIFICATIONS NONLME Electrolytic Copper Cathodes Grade A Purity Cu 9999 Maximum 9997 Minimum conforming to the LONDON METAL EXCHANGE LME specification Cathode Grade Designation Cu Cath 1 CHEMICAL COMPOSITION ON DRY BASIS PERCENTAGE IN WEIGHT Cu 9996 9999 Rejection below 9996 Sulphur Sppm 4 Cobalt Coppm 02 Iron Feppm 2 Arsenic Asppm 01 Silver Agppm 10 Bismuth B1ppm 01 Lead Pbppm 02 Manganese Mnppm 01 Nickel Nippm 02 Tellurium Teppm 005 Selenium Seppm 03 Aluminium Alppm 05 Antimony Sbppm 01 Magnesium Mgppm 04 Silica Sippm 03 Zinc Znppm 04 2MEASUREMENT 914 mm x 914 mm x 12 mm LME Standards App 36 X36X05 Weight of each sheet 125 Kilograms Approximately 2 Net weight of each pallet 2000 Kilograms Approximately 2 Net weight per container 200 Metric Tons Approximately 2 Gross weight per container 222 Metric Tons Approximately 2 3 PACKING Palletised Aluminium banded Bundles of bare unsoiled nonoxidized Copper Cathode plates and banded by aluminium bands suitable for long distance transportation and well protected against scattering shock and rust Net weight of each bundle 25MT 1 No wooden packaging allowed 4PRICE AND PAYMENT GUARANTEE PROCEDURE Value of SBLC MT 760 shall be equivalent to one 1 month shipment value with a validity period of One Year and One Day Rolls and Extensions Both parties understand and agree that SBLC via MT 760 shall be issued only from one of the Top Prime Banks located in major cities of Middle east Western Europe Asia or US
