Copper Cathodes Transaction Procedure & Specifications

Product Specifications

• Commodity: Copper Cathodes (Electrolytic Copper, Grade A – LME registered)

• Purity: Minimum 99.99% Cu (ASTM B115-00 standard)

• Form: Rectangular plates

• Dimensions: Approx. 914 mm x 914 mm x 12 mm (±2%)

• Weight per Plate: 125 kg ± 1%

• Packing: Strapped bundles of approx. 2 MT each, suitable for containerized shipping

• Minimum Monthly Quantity: (to be specified in SPA, e.g., 500 MT – 5,000 MT)

• Inspection: SGS, Cotecna, Alex Stewart, or equivalent, at loading port and/or buyer’s refinery

Commercial Procedure

1. FCO Issuance:
   The seller issues a Full Corporate Offer (FCO) for copper cathodes, which is accepted by the buyer.

2. Contract Signing:
   The buyer and seller sign the FCO and subsequently the Sales and Purchase Agreement (SPA).

3. Visa / Documentation Support:
   The buyer shall provide assistance (e.g., invitation letter or invoice) if the seller needs a visa to the buyer’s destination.

4. Advance Payment:
   The buyer shall render a 10% advance payment covering logistics and handling costs to ship the copper cathodes to the agreed destination.

5. Export & Shipping Arrangements:
   The seller, through the shipping agent, will:

   • Organize the initial inspection and assay of the copper cathodes,

   • Complete all export documentation (Bill of Lading, Certificate of Origin, Commercial Invoice, Packing List),

   • Pay all export duties/taxes,

   • Arrange insurance and shipment to the buyer’s designated port/refinery.

6. Shipment & Escort:
   The seller and facilitator shall accompany the copper cathodes to the buyer’s chosen refinery or bonded warehouse.

7. Final Assay at Buyer’s Refinery:
   The final assay of the copper cathodes will be conducted at the buyer’s refinery or by an internationally recognized inspection company (SGS, Cotecna, Alex Stewart, etc.).

   • The certified result (minimum Cu 99.99%) shall be binding on all parties.

8. Final Payment:
   The buyer shall pay the seller and facilitator the agreed price per metric ton of copper cathodes within 24 hours after receiving the final assay report.

9. Payment Method:
   Payment will be made via Telegraphic Transfer (TT) from the buyer's authorized bank account to the seller’s nominated account, as stipulated in the SPA.

10. Transfer of Ownership:
    Upon full payment, title and ownership of the copper cathodes shall pass from the seller to the buyer.

11. Subsequent Shipments:
    All subsequent tranches of copper cathodes deliveries, as defined in the SPA, will follow the same procedure.