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LME Pricing Agreement点价协议
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 receipt 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 for
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