Nickel Wire Asset Specifications
Technical Description: Nickel NP1
Length and Quantity: The total length is 7,325,289.3 meters.
Nickel Specifications:
Net Weight: 32,231.66 grams (32.23 KG)
Diameter: 0.025 mm
Packaged in plastic boxes with 188 bobbins
Purity Grade: 99.98%
Price: USD$ 43 per meter
Terms and Conditions
Payment Terms: Payment via bank-to-bank transfer through a Paymaster/Settlement Agent. Payments must be clean, non-criminal funds, transferred via Paymaster Bank. The bank will issue a swift MT103 irrevocable, transferable documentary letter of credit at sight. Paymaster fees are excluded.
Inspection: Inspection to be conducted at the buyer's expense within 7 working days after receiving the Letter of Intent (LOI) and upon approval.
Costs & Expenses: All logistics and VAT expenses from the storage location in Dubai to the final destination are to be borne by the buyer.
Available Documents:
Power of Attorney from Dubai Court (available after receiving LOI and proof of funds)
Deposit slip from the Safe Deposit company in Dubai
Evaluation report of the Nickel Wire Asset
Pictures of the Nickel Wire Asset
Passport copies of representatives involved
Seller's company trading license
Transaction Procedure
Soft Corporate Offer (SCO): Issued to the Buyer or Buyer's Mandate, detailing terms, available documents, and conditions.
Signed SCO: The buyer or buyer's mandate returns the signed SCO.
NCNDA: A Non-Circumvention, Non-Disclosure Agreement to be signed by both parties.
Letter of Intent (LOI): The buyer issues a signed LOI, specifying purchase terms, payment method, and timeline.
Physical Inspection: Arranged at the buyer's expense to verify product specifications.
Approval: The buyer approves the inspection and evaluation report.
Sales Purchasing Agreement (SPA): The seller submits the SPA to the buyer for signature.
Signed SPA: The buyer's mandate returns the signed SPA.
Execution of SPA: Both parties sign the SPA and share it with the Paymaster.
Paymaster Instructions: Paymaster executes payments per SPA terms.
Invoice Issuance: The seller issues an invoice reflecting agreed terms to the buyer and Paymaster.
Fund Transfer: The buyer's bank wires funds to the Paymaster's account.
Letter of Credit (LC): The Paymaster Bank issues a swift Irrevocable, Transferable Documentary Letter of Credit in favor of the seller.
Invoice Signing: The buyer signs the original invoices as required by the seller's bank.
Change of Ownership: The Nickel Wire Asset's title is transferred to the buyer.
Completion: The seller's bank releases funds to the seller's account, finalizing the transaction.
This procedure outlines the steps necessary for a smooth and secure transaction, ensuring all parties meet their obligations and the Nickel Wire Asset is transferred efficiently.
