1. We have buyers for copper cathodes in China, their official representative is located in Israel, an Israeli businessman.
Those companies buy on a regular basis and have their people on the ground in Africa.
Due to not successful experience with African suppliers they are very cautious in terms of engagement.
This is why their procedure can be :
1. Proof of product ( Video or other proof ( like SGS etc).
2. If all good, inspection
3. Payment
Simple but not simple as a seller will ask for LOI, Proof of funds etc... which they are not willing to do as I mentioned due to past bad experience.
This is the situation with this specific buyer, but it is a real one as I know he has done successful deals with them.
Qty : 20-25K MT monthly
Spot deal + annual contract
can start with a small trail order to build the trust.
They have their own logistics, they can take it at the official warehouse or FOB terms.
Commodity : Copper Scrap Millberry No.1 As per ISRI 99.99% Min purity Total Quantity : 3,200 MT trial quantity Monthly Quantity 1000~2000 MT x 12Months after successful trial Shipment Shipping Terms for Sale : CIF Origin : Supplier Choice of Origin. Time of Shipment : First Shipment within 10 days after Letter credit issuance. Packing : Pressed baled Copper Scrap with 99.99% purity. Target Price in US$ : US$5400 CIF Destination : Mumbai – India Inspection : SGS or similar PSIC approved by DGFT, India. After providing POF, buyer will visit for inspection of goods and then issue Letter of Credit. Insurance : 110% Payment Terms : 100% Irrevocable, confirmed, letter of credit / SBLC. LC/SBLC at sight payable at destination port after inspection. Validity 5 days
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