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Copper Cathode & Copper Concentrate Tender Notice

Commodity:

1-    Copper Cathode :

Quality: NICICo's copper cathodes as per following typical analysis:

Quantity: 24,000 MT +/- 2% (seller’s option)

Shipment: In partial shipments during 12 monthsstarting from July 2018 onward. The exact lot sizes shall be mutually agreed by buyer & seller at the time of contract settlement.

Delivery:FOB Bandar Abbas / Iran

Price:The price per metric ton of the material shall be the official LME cash settlement price for copper grade 'A' in USD as published in the London Metal Bulletin, price fixed during the quotational period plus premium.

Quotational period:On the unknown date in Seller's option during month of actual shipment, Seller may wish to extend the Q/P by one or two additional months without cost.

Weight: Shipped weights as per Bill of Lading to govern for final settlement at loading port.

An International LME approved Inspection Company shall be appointed mutually to perform weighing procedure and the cost shall be shared mutually between seller and buyer 50/50.

 

1-       Copper Concentrate : 

 

Quality: NICICo's Copper Concentrate as per following typical analysis:

 

Cu

25 +/-3

PCT

TiO2

0.21

PCT

K2O

0.42

PCT

Ag

30-45

PPM

Zn

0.41

"

Mo

0.16

"

Au

1-1.5

PPM

Bi

160

PPM

P2O5

0.22

"

Fe

24 +/-3

PCT

Cd

50

"

H2O

6-8

"

SiO2

4 +/-2

"

Cl

180

"

Ni

120

PPM

S

33

"

F

30

"

Sb

0.04

"

Al2O3

1.8

"

Fe3O4

0.8

"

Se

140

"

As

0.17

"

Hg

1

"

Te

42

"

CaO

0.14

"

Insol

4

"

 

 

 

Pb

0.19

"

MgO

0.11

"

 

 

 

 

 

Packing: In Bulk

Quantity: 120,000 WMT +/- 5% (seller’s option)

Shipment: In partial shipments every other month in lot sizes of 20,000 mt -/+5% (seller’s option)starting from March 2018 onward.

Delivery:FOB Bandar Abbas / Iran

Price Terms:

Copper: 96.5% of final copper content subject to a deduction of one unit shall be paid for at the grade ‘A’ official LME copper cash settlement quotations as published Metal Bulletin averaged over the quotational period.

 

Silver: If final silver content is less than 30 gram /dmt then no payment shall be made. If final silver content is equal or greater than 30 g/dmt, 90% of final silver content shall be paid for at London spot quotation for silver as published in Metal Bulletin average over the quotational period.

 

Gold: If the gold content as per final assay is less than one gram/dmt, then no payment shall be made. If final gold content is equal or greater than 1 g/dmt, 90% of final gold content shall be paid for at the mean of London am/pm gold quotations as published in Metal Bulletin averaged over the quotational period.

 

Deduction:

-          Treatment charge

-          Copper Refining charge

-          No refining charge for silver and gold shall apply.

 

Quotational period: For all payable metals shall be the second month following the month of actual shipment from the port of loading as evidenced by B/L date (MOAS +2).

 

Weighing/ Sampling/ Moisture Determination:These operations shall be carried out at load port in an international recognized customary manner upon and during loading the material to the vessel by a LME approved inspection company appointed conjointly by buyer & seller which cost shall be shared equally 50/50 between seller and buyer. The final weight will be determined by draft survey at load port, mentioned on Bill of Lading and shall be final for final invoice settlement. The moisture determined by aforesaid international inspection company at load port shall be final and binding for settlement.

Sampling which is done by aforesaid international inspection company at load port shall be final and binding for settlement.

 

Final Assays:Assays shall be made independently by each party and the results of such assays shall be exchanged on a lot-by-lot basis for copper, silver and gold by registered airmail or special courier on a mutually agreed date (Assay Exchange), but in any event not later than 60 (sixty) calendar days after the date on which the assay samples are sealed and sent to the respective parties.

 

 
   

Payment Procedure:

 

Provisional payment:

 

Buyer shall pay 100% (one hundred percent) of provisional invoice amount in, EURO or AED prompt net cash payable by telegraphic transfer to a bank which is nominated by seller(and acceptable to buyer) within 5 (five) working days after seller's presentation of the shipping documents and prior to loading of material onto the vessel and a holding certificate. The holding certificate shall be effective after buyer has effected provisional payment, as evidenced by the swift message.

Or:

Incase insurance by international insurance institute cannot become in place, payment shall be done as follow:

 

Buyer shall pay 100% (one hundred percent) of provisional invoice amount in EURO or AED prompt net cash payable by telegraphic transfer to a bank which is nominated by seller (and acceptable to buyer) upon loading of material and against presentation of copy of shipping documents.

 

Note:  Release of original documents is only against receipt of 100% of provisional value of the material.

 

Final payment: The final balance, if any, between the provisional payment made by buyer and the final value of the cargo shall be paid by the owing party by telegraphic transfer against seller's presentation of final invoice within five working days from the date of the final invoice.

 

*** The above sales package is linked to pre-export financing/prepayment with the amount of Euro 100'000'000.00 (Euro One Hundred Million point Zero Zero) as follows:

 

-          The amount of prepayment: Euro 100'000'000.00 for the year 2018.

 (The bank account shall be mutually agreed between Seller and Buyer).

-          Disbursement date: The whole amount of EURO 100,000,000.00 shall be effected into NICICo’s bank account within two weeks from the date of finalizing & settling the sales contract. The aforesaid sales contract for 24,000 MT copper cathodes and 120,000 WMT for copper concentrates also shall be settled and signed within three weeks from the date of email sent by NICICo indicating the winner of the tender.

In case the due amount i.e.  EURO 100,000,000.00  won’t be credited into NICICo’s bank account within the specified time i.e. two weeks from contract settlement, NICICo has this right with its full corporate responsibility to consider this bid null & void and to announce another participant as the winner of the tender respectively.

-          Prepayment/Interest Repayment: the installments shall be settled with mutually determined percentage of the due value amount of provisional invoices of each monthly shipment of copper concentrate or copper cathode. The amortization shall start by one month (30 days) grace period after receipt of full prepayment amount into seller’s account.

 

Important Notes:

 

·         Offers must be presented to NICICo Sales Dept. only through email sent to sales-tender@nicico.comtill Wednesday January 10th, 2018 11:00 a.m. Tehran local time. It is very important that offers shall be definitely sent to the sales-tender@nicico.comand the ones sent to any other email addresses won’t be regarded as the tender participants and won’t be evaluated subsequently.

·         NICICo reserves the right to reject the offers which will be sent after the validity due date.

·         NICICo reserves the right to reject any one or all offers, cancel or prolong the deadline.

·         NICICo reserves the right to sell part or all of above mentioned material to one or several potential buyers.

·         In case the offer is accepted by NICICo, it will be advised via email by return.

·         The offers shall be definitely sent through corporate email addresses and the personal ones through which the offers are to be sent by participants such as gmail, yahoo, hotmail or any other personal or general email addresses are not accepted at all.

 

P.S. Your reply must specifically include following items: 

·         Premium for copper cathode

·         TC / RC for copper concentrate

·         Interest rate for pre-export financing/Loan.

 

The following information re companies of attendees shall be definitely provided as well:

  1. Full Company Name (Both Local & English dictation) :
  2. Company national ID. :
  3. Registered Number :
  4. Registered Date :
  5. Company Type : Private or State-owned
  6. Registered Country :
  7. Registered City :
  8. Ownership Type: A) Public   B) Joint Stock, ….
  9. Company Field of Activity :
  10. Company Address :
  11. Tel :
  12. Fax :
  13. Company Website Address:

 

The above mentioned tender is also available on NICICo website as WWW.NICICO.COM .

 

National Iranian Copper Industries

Sales & Marketing Department

Tel No. : +98 21 8213 8231

 


13:01 - 2018/01/03    /    number : 2155    /    Show Count : 1116



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