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Nigerian Ore Sales Agreement Details

The document is a corporate offer from Oak Ekeson Enterprises to sell various ores including copper ore, lead ore, zinc ore, manganese ore, cobalt ore, and lithium ore. It provides the purity levels and pricing terms based on percentage. The minimum order quantity is 500 metric tons and maximum is 2,000 metric tons. Payment is 100% upfront via irrevocable letter of credit. The delivery procedure involves inspection, issuing shipping documents, and payment release in two parts - 90% on loading and 10% after reinspection at destination.

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Namaevi pur
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375 views2 pages

Nigerian Ore Sales Agreement Details

The document is a corporate offer from Oak Ekeson Enterprises to sell various ores including copper ore, lead ore, zinc ore, manganese ore, cobalt ore, and lithium ore. It provides the purity levels and pricing terms based on percentage. The minimum order quantity is 500 metric tons and maximum is 2,000 metric tons. Payment is 100% upfront via irrevocable letter of credit. The delivery procedure involves inspection, issuing shipping documents, and payment release in two parts - 90% on loading and 10% after reinspection at destination.

Uploaded by

Namaevi pur
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd

DATE: 11TH FEBRUARY 2022

TO: END BUYER/ BUYER MANDATE

FULL CORPORATE OFFER


WE, OAK EKESON ENTERPRISES DO HEREBY CONFIRM FULL LEGAL AND CORPORATE
RESPONSIBILITY THAT WE ARE READY, WILLING AND ABLE TO ENTER INTO A CONTRACTINTO
YOUR COMPANY TO SELL, DELIVER AND EXPORT ORE SUCH AS (COPPER ORE, ZINE ORE,
MANGANESE ORE, COBALT ORE, LITHIUM ORE AND OTHERS.)
UNDER THE FOLLOWING TERMS AND CONDITINS.

MATERIAL PURITY
COPPER ORE 10% - 20%
LEAD ORE 60% - 75%
ZINE ORE 30% - 45%
LUMPS 30% - 45%
MANGANESE ORE
FINE 20% - 30%
COBALT ORE 10% - 15%
LITHIUM ORE 03% TO 05%

PRICE DETERMINE ON %
ORIGIN NIGERIA
MINIMUM ORDER QUANTITY 500 PER METRIC TON +/- 5%
MAXIMUM ORDER QUANTITY 2,000 PER METRIC TON +/-5%
SHIPMENT TYPE CIF
PAYMENT TERM 100% CONFIRM, TRANSFERABLE SBLC - DLC
INSPECTION CCIC

DELIVERY PROCEDURE:
1. THE SELLER SENDS SCO – BUYER SENDS ICPO.
2. SELLER PREPARE SPA – BUYER AND SELLER SIGN AND STAMP SPA DOCUMENT.
3. INTERMEDIARIES SIGN NCNDA / IMFPA.
4. BUYER SENDS POF, SELLER SENDS POP.
5. SELLER SEND PERFORMA INVOICE.
6. BUYER ISSUE 100% CONFIRMED, IRREVOCABLE, OPERATIVE, TRANSFERABLE SBLC
MT760 / DLC MT700 FOR 100% OF INVOICE VALUE (BANK INSTRUMENT DETERMINE BY
FIDUCIARY INSTITUTE) WITHIN 3 - 5 DAYS.
7. UPON VERIFICATION ISSUED LC, SELLER ISSUE 02% PB.
8. THE SELLER DELIVERS THE CARGO TO THE PORT TO BE LOADED ONTO THE VESSEL.
9. AFTER LOADING, INSPECTION AND ORIGINAL BL WOULD BE RECEIVED WITHIN 10
WORKING DAYS. THEN SELLER SUBMIT DOCUMENTS TO HIS BANK FOR THE PAYMENT
TO BE RELEASED BY THE CONFIRMATION BANK.
 MANUAL SIGNED COMMERCIAL INVOICE ISSUED BY THE SELLER, SHOWING
AGREEMENT, BUYER NAME, SELLER NAME, SEAL NUMBER OF THE INSPECTION
COMPANY, DESCRIPTION OF GOODS, UNIT PRICE, TOTAL AMOUNT, AND
GROSS/NET WEIGHT OF GOODS.
 FULL SET OF SIGNED “CLEANED” “ON BOARD” OCEAN BUY OF LANDING MADE
BUT TO ORDER AND BLANK ENDORSED MARKED “FRIGHT POST-PAID”.
 MARINE INSURANCE POLICY OR CERTIFICATE (ORIGINAL + COPY)
 SIGNED PACKING LIST IN TRIPLICATE.
 PRE – INSPECTION CERTIFICATE (PSIC)
 QUALITY AND QUANTITY CERTIFICATE RECEIVED AT THE LOADING PORT, ISSUED
BY THE INSPECTION COMPANY, APPOINTED BY BUYER AND SELLER, IN
DUPLICATE, SHOWING IT MEETS THE QUALITY AND ITS CHEMICAL
COMPOSITION AND STANDARDS.
 QUALITY AND QUANTITY CERTIFICATE RECEIVED AT THE DISCHARGE PORT,
ISSUED BY THE INSPECTION COMPANY, APPOINTED BY BUYER AND SELLER, IN
DUPLICATE, SHOWING IT MEETS THE QUALITY AND ITS CHEMICAL
COMPOSITION AND STANDARDS.
 CERTIFICATE OF ORIGIN.
 CERTIFICATE OF NO RADIO ACTIVITY ISSUED BY STEWART/CCIC OR EQUIVALENT.
10. BUYER RELEASE 90% OF THE INVOICE VALUE TO THE SELLER ACCOUNT.
11. AFTER THE RE – INSPECTION AT DESTINATION PORT AND CONFIRMING THE RESULTS
ARE RECEIVED THEN BALANCE 10% PAYMENT SHALL BE RELEASED WITHIN 3 – 5
WORKING DAYS. THEN SELLER TRANSFER THE TITLE OF THE PRODUCT TO THE BUYER.
12. NEXT SHIPMENT SHALL BE DONE FOLLOWING THE SAME PROCEDURE.

NOTE:
FCO VALIDITY 14 WORKING DAYS.
ICPO ADDRESS TO: OAK EKESON ENTERPRISES
ATTENTION TO: MR. EKERIN KENNY VIA MR. KHAN

AUTHORIZE SIGN

DATE: 11TH FEBRUARY 2022

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