LME Copper Confirmation Contract
Buyer:
Phone No.and Fax No.
Email:
Place:
Seller:.
Phone
Email:
Place: Qingdao, China.
Date of Deposit：
Provisional price ($/Ton) LME：
Final price ($/Ton) LME：
Fixed Quantity (Metric Tons)：
Request Shipping Date：
Payment Terms: T/T
And . reached an agreement of LME Copper pricing as following:
The buyer authorizes Mr. Mobile: to book the LME copper price.
The buyer should contact
to book the LME copper price. Fixed Line: Mobile:
Terms and Conditions
1. PRICE
Any unknown London Metal Exchange spot price prior by 22:00 Beijing time on each LME dealing day over Quotation Period. Should buyer not have price fixed the tonnages prior by 17:00 Beijing time on then any remaining unpriced quantity shall be automatically price fixed basis the LME official cash settlement quotation of
2. QUOTATIONAL PERIOD (Q.P.):
The buyer has the right to price on any LME working days starting from the seller’s confirmation of receipt of pricing deposit or L/C at sight sent by buyer until inclusive. QP extension is not possible.
3. PRICING DEPOSIT
Seller will issue Provisional Invoice to buyer based on seller’s copper price. Buyer sends 30% of total PI value or open irrevocable L/C At sight within 5 days from the date of PI before pricing. Buyer could fix the price only after Seller’s rec eipt confirmation of 30% pricing deposit or L/C At sight.
4. PRICING PROCEDURE
Buyer sends pricing instruction to seller with required target price, quantity and validity by calling, SMS and email. Seller sends Copper Confirmation Contract to buyer if the target price is reached. Buyer should sign and send back within one day from the time seller sends the contract to the time seller receives it. After receiving signed copper confirmation contract from buyer, seller issues formal commercial invoice as per the fixed copper price.
5. REMARK
1. The firmed LME price in this contract is deemed to the final copper price in the Provisional Invoice.
2. All the indications of time in this contract is deemed to Beijing standard time
3. This contract becomes effective from the point when we receive it with valid signatures sent by buyers by fax or email
4. The LME price firmed in this contract is deemed to the material copper price in the sales contract, including LME 3 month seller price and the quantity firmed in this contract is deemed to the quantity with plus/minus 10% in the sales contract
5. In order to make sure this contract is well received, when you confirm this contract with our Sales Manager, all the Copper Firm Requests shall be submit to following either way:
a. Option 1 Fax to
b. Option 2 Email to our sales manager on the following ID
c. You must call the Sales Manager when you submit this contract; otherwise, we reserve the right to cancel it
6. The print name and the signature must be the same letters made by the same person.
7. The signing person in this contract is deemed to the person authorized by the company. Issued By:
Sign and Stamp
Customer Confirmation:
Sign and Stamp