Copper Cathode( Congo origin)

[dkchoi]

구리케소드 오파

CORPORATE OFFER

Date: SEPTEMBRE  2008      

Reference: SCO/CU/

COPPER CATHODES 99.99%

We, XXXXXXXXXXXX., are hereby pleased to confirm‎ that we are ready, willing and able to supply Non LME registered Copper Cathodes with 99.99% purity, subject to mutually agreed commercial covenants and final contract acceptance.

   The end seller,  is in direct cooperation with the mining company based in D. R. Congo.  

The end seller produces the copper cathodes in Congo through MILUBA CONGO, MUNGUALU EXPLOITATION S.A. / GECAMINES and KABABANKOLA.

Ø      Product       : ELECTROLITIC COPPER CATHODES GRADE A, 99.99% purity.

Ø      Origin          : Democratic Republic of Congo or at seller’s option.

Ø      Quantity      : METRIC TONS

Ø  Destination  :  

Ø      Delivery       : Delivery starts 30 to 40 days after receipt of the acceptable

                        RDLC at  Seller’s bank.

Ø      Price          : CIF USD/MT

DENOMINATION	PRICE
500 MT X 12 MONTHS	6250
1.000 MT X 12 MONTHS	6150
2.000 MT X 12 MONTHS	6050
3.000 MT X 12 MONTHS	6000
4.000 MT X 12 MONTHS	5950
5.100 MT TO 8.000 MT  X 12 MONTHS	5900
8.100 MT TO 10.000 MT X 12 MONTHS	5850
10.100 TO ………… MT X 12 MONTHS	5750

Ø      Guarantee    : 2% Performance Bond by seller thru  European Top Bank

Ø      Documents   : All Certificates are provided by the seller, prior to loading.

Ø      Inspection    : Quality, Quantity and Weight by SGS, Alex  Stewart, CCIC or

                         Alfred H. Knight, if available.

Ø      Payment      :  By an Irrevocable, Transferable, Divisible, Revolving Documentary

                         Letter of Credit, issued or confirmed by a Top 25 Bank, payable 100%

                         at sight against Clean Ocean Bill of Lading, commercial invoice.   

PROCEDURE:

1.        Seller’s agent to issue Corporate Offer .

2.        Buyer reviews, and accepts the Corporate Offer and sends an LOI.

3.        Seller’s Mandated agent sends the FCO with the request to issue a BCL in

           the seller’s name.

4.        Buyer signs, seals and returns the FCO along with the correct BCL.

5.        The seller’s issues the contract.  Buyer signs and seals the contract and

           sends it back to the seller’s Mandated agent by e-mail.

6.        Buyer sends the signed 3 hard copies to the seller’s office address by courier.

          Seller signs the hard copies and returns 2 by courier to the buyer.

7.        Buyer’s bank issues Payment instrument as agreed in contract.

8.       Seller issues 2% Performance Bond

9.       Cargo delivery as per contract

          Please provide the Buyer’s details for both parties to start the binding negotiation of the transaction for the above mentioned goods and order.

Annex “A”

COPPER CATHODES

SPECIFICATIONS

The Seller guarantees to the Buyer that the Goods delivered under the present Contract will correspond to the characteristics shown below:

COPPER – CU	99.99 %
IRON – FE	2 PPM
SULPHUR – S	4 PPM
OXYGEN – O	0
SILVER – AG	10 PPM
LEAD – PB	0.2 PPM
NICKEL – NI	0.2 PPM
SELENIUM – SE	0.3 PPM
ANTIMONY – SB	0.1 PPM
SILICA – SI	0.3 PPM
COBALT – CO	0.2 PPM
ARSENIC – AS	<0.1 PPM
BISMUTH – BI	0.1 PPM
MANGANESE – MN	<0.1 PPM
TELLURIUM – TE	<0.05 PPM
ALUMINIUM – AL	0.5 PPM
MAGNESIUM – MG	0.4 PPM