Country: Guinée-Conakry
LOI № : Al2O3-241015001
Date : October 15, 2024,
FULL CORPORATE OFFER
Subject: FULL CORPORATE OFFER № FCO1001
To: CHANGSHU ECONOMIC & TRADE CO.,LTD
From : Longkou City - Shandong - China
Adresse : Business Fang, No.102, Building 14, Nan Dormitory Area, Naner Street,
Nanding Town, Zhangd ian District Zibo, Shandong, 255000 China
Attn : ESTIM’ACTIONS SARL – Mamadou Lamine NIENGUE
Dear
We, E. G. C. T. SARLU, hereby state and represent that we confirm with full legal
and corporate responsibility under penalty of perjury that we are ready, willing and
able to sell and deliver the following unencumbered commodity, as follows:
Commodity : PRODUCT: BAUXITE ORE
Origin : Guinée Conakry
Packing : : Bulk
Quality : {Aluminium above 45% and the Silicon below 3%
Moisture 10.2%} Trihydrate
Export quantity : Four hundred thousand (400,000) Metric Tons per month
Specification : As per Annex #
Total quantity : Four million eight hundred thousand (4,800,000) M.T. per
year
The total contracted quantity of the goods sold and
purchased under this contract is Four million eight
hundred thousand (4,800,000) total metric tons per
annum being of:
Four hundred thousand (400,000) Metric Tons per month
with a change of plus/minus 5% (five percent) of the
seller's and buyer's option. This specified quantity is
equivalent to 1 (one) month's supply to be repeated for:
Four hundred thousand (400,000) per consecutive
calendar month as referred to in Article 4, with possible
renewals and extensions.
Delivery per month : Four hundred thousand (400,000) Metric Tons per month
Contract period : October 2024 - October 2029
Terms of delivery : CFR port
Price : The fixed price to be 42USD
Payment : Irrevocable, Documentary, Transferable, Divisible,
Revolving Letter Of Credit, issued by Buyer’s Bank,
covering cost of One month shipment.
Transaction procedure: a) BUYER SENDS ICPO WITH BANK DETAILS.
b) SELLER ISSUES THE DRAFT CONTRACT
(SPA) OPEN AMENDMENTS.
c) BUYER RETURNS THE SIGNED DRAFT
CONTRACT.
d) SELLER SHALL VERIFY AND IF ACCEPTED
SHALL SIGN FINAL CONTRACT AND RETURNS TO
BUYER, BOTH PARTIES LODGE SIGNED CONTRACT
WITH THEIR RESPECTIVE BANKS. THE EXCHANGE
OF CONTRACT WITH BUYER SHALL BE BY
ELECTRONIC TRANSMISSION OR BY COURIER
SERVICES.
e) SELLER SENDS INVOICE AS PER CONTRACT,
BUYER SIGNS AND RETURN BACK.
f) WITHIN 5 (FIVE) CALENDAR DAYS UPON
CONTRACT SIGNATURE, BUYER’S BANK SENDS
100% IRREVOCABLE, TRANSFERABLE AND
OPERATIVE SBLC CONFIRMED BY A PRIME BANK IN
EUROPE/USA/UK AND 100% PAYABLE AT SIGHT AT
LOADING PORT AGAINST SHIPPING DOCUMENTS,
THROUGH TT/ MT103.
g) WITHIN 45 WORKING DAYS AFTER LC
CONFIRMATION, DELIVERY WILL BE MADE.
FULL CORPORATE OFFER № FCO1001
Inspection : Seller and Buyer mutually agree that SGS or INSPECTORATE an
internationally recognized first Class independent surveyor company shall be
appointed at loading and/or discharge ports, to assess the quality and quantity of the
cargo according to the provisions herein stated.
Seller pay SGS or INSPECTORATE inspection cost at loading port.
Cargo Size : According to Contract’s condition. The Seller shall have to arrange
vessel or vessels to the loading port as per lay-can time.
Delivery Date : The date mutually accepted by both Seller and Buyer as the
date on which the nominated international surveyor company has ascertained the
quantity and quality of the product.
Note:
1. All parties including consultants' fees, will be protected by the issuance of an
irrevocable fee agreement and pay order by buyer, including all rolls and extensions
of any spa bearing the same parties, and original transaction code.
2. This FULL CORPORATE OFFER № is for the exclusive benefit of the
addressee only and supersedes any previous FCO. This FCO cannot be published or
transferred.
3. This FULL CORPORATE OFFER № is valid for a period of ten (10) days,
starting with the date of signature.
For and On Behalf of
Yours faithfully,
MOUSTAPHA CAMARA
Chief Executive Officer (CEO
