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Copper Cathode & Copper Concentrate Tender Notice

 

National Iranian Copper Industries Company intends to sell Copper Cathode and Copper Concentrate as per following terms & conditions:

1-       Copper Cathode : 

 

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

 

Cu

99.994

%  Min

 

As

< 1

PPM

 

Sb

< 1

PPM

 

Fe

< 2

PPM

 

Pb

< 5

"

 

Zn

< 3

"

 

Mn

< 0.5

"

 

Co

< 2

"

 

Ni

< 1

"

 

S

< 5

"

 

Cd

< 0.2

"

 

Te

< 1.2

"

 

O

< 50

"

 

Se

< 0.4

"

 

Sn

< 1

"

 

Bi

< 1

"

 

Si

< 1

"

 

P

< 1

"

 

Cr

< 1

"

 

Ag

<  10

"

 

 

 

 

 

 

Quantity: 30,000 MT +/- 2% (seller’s option)

Shipment: In partial shipments during 6 months commencing from October 2018 onward. The exact shipment schedule 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, during the quotational period plus premium.

Quotational period: QP for copper cathode shall be average of the first month following the month of actual shipment from the port of loading as evidenced by B/L date (MOAS+1).

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.

2-       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: 100,000 WMT +/- 5% (seller’s option)

Shipment: In partial shipments during 6 months commencing from October 2018 onward. The exact shipment schedule shall be mutually agreed by buyer & seller at the time of contract settlement.

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 in the London Metal Bulletin averaged over the quotational period.

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

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

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 internationally 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:

·       Buyer shall pay 100% (one hundred percent) of proforma/ provisional invoice value amount in Euro, prompt net cash payable by telegraphic transfer or under an Irrevocable Letter of Credit at sight to a bank which is nominated by seller. Proforma/Provisional invoice amount shall be calculated based on provisional price which is average of five consecutive working days prior date of Proforma/Provisional invoice and analysis mentioned in the contract.

·       All calculation of Proforma/Provisional/final invoices is based on USD, then converted to Euro for payment.  

·       The exact payment procedure shall be negotiated at the time of contract settlement by buyer & seller.

·       The final balance, if any, between the provisional payment made by buyer and the final value of the material 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.

 


Please send us your full offer conditions including but not limited to premium for copper cathode and TC/RCs for copper concentrate.

 


Important Notes:

·         Offers must be presented to NICICo Sales Dept. only through email sent to sales-tender@nicico.com till end of Friday 21st  September, 2018 local time. It is very important that offers shall be definitely sent to the sales-tender@nicico.com and 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 whole quantities of above mentioned commodities from one or several potential sellers.

·         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.

·         Other quotational period for any unknown price is also negotiable.

·         Other currency of payment is negotiable.

·         Other delivery term is negotiable.

·         Quantity less than above mentioned is also negotiable.

·         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  and also is published at Iran Daily and Financial Tribune newspapers.

 

National Iranian Copper Industries

Sales & Marketing Department

Tel No. : +98 21 8213 8231

 


09:14 - 2018/09/11    /    number : 3147    /    Show Count : 1010



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