Our Terms

Overview

PRODUCT NAME - Copper Millberry scrap

QUALITY: 99.99% purity
ORIGIN: East Africa
CAPACITY: 7000 tons per month
MIN ORDER QUANTITY: 100 tons per month
PRICE: $3800/ton FOB any East African port
PACKAGING: In Jumbo bags of 500kgs each into 40ft containers
DELIVERY TIME: 10 days from the date of payment confirmation
PAYMENT TERM: 40% deposit after signing contract and inspection of the stock before loading commences, 50% upon completion of loading and presentation of all original shipping documents and the balance 10% payable at the port of destination after final confirmation of the quantity and quality.
SAMPLE : Available, but buyer will pay the courier charges for delivery.
SITE VISIT: Accepted after completion of procedure
Partial shipment allowed based on the shipping schedule.
TRADING TERMS: T T Only NO LC/DLC/SBLC/ESCROW ETC

PROCEDURES:

Buyer send LOI
Seller issue FCO
Buyer after review and signing the FCO will return to the seller
Seller send Draft Sales and purchase Agreement to buyer
Buyer after review and confirmation of the terms, will sign seal and return the SPA to the seller in PDF format
Seller send Proof of Product (POP) to the seller. This will be a video/pictures of the name of the buyer’s company written on a piece of paper with current date and time showing the stock with the image of the seller on the videos/pictures.
Buyer after confirmation of the POP, will send his or her scan copy of international passport to the seller for the seller to issue an official invitation letter to the buyer. ( this apply only if the buyer wish to visit the stock for personal inspection and witness loading procedures)
Buyer after receiving the invitation letter will send scan copy of yellow fever vaccine to the seller for the seller to issue the buyer and entry Visa. ( charges here are applied).
Buyer upon arrival in Kenya, will be taken to the stockyard the following day depending if is a working day or not to see the stock and confirm.
Buyer after completing the physical examination of the stock, seller will then issue a corresponding Proforma Invoice (PI) in favor of the seller.
Within 3 banking days, buyer’s bank will make payment accordingly based on the invoice via MT103 Direct wire bank transfer in favor of the seller and thereby issue a swift MT103 confirmation as proof of payment.
Seller after confirmation of the lodging of the funds in his local bank account, will notify the buyer officially by email of this lodging.
Buyer will then issue the shipping instructions to the seller accordingly.
Within 10 days from the date of the confirmation of funds in the local bank account of the seller, the seller will commence loading immediately in the presence of the buyer.
Upon completion of the loading, the seller must issue the following documentation as proof of shipment dispatched to the seller:

15.1. Bill of Lading 3/3 originals marked Freight Prepaid in favor of the buyer
15.2. Certificate of Origin
15.3. Phytosanitary Certificate
15.4. Health Certificate
15.5. Parking List
15.6. Insurance 110% cover in favor of buyer
15.7. Customs declaration Certificate
15.8. Beneficiary Certificate
15.9. Certificate of Circulation
15.10. Official VGM of all loaded containers all 3/3 original copies
End of transaction.