Commodity: *_Lithium Ore(Li)_*

Type: *_Lepidolite $ Sprodumene_*

Purity: *_3% min-above_*

Moisture: *_12% max._*

Country of origin: *_Tanzania🇹🇿_*

Price/KG at this moment: *_Ex Warehouse: US$550 x DMTU = ( US$550 x Li2O % )_*

Quantity Order Delivery: *_100MT min to 1,000MT max per month_*.

Size: *_5mm to 40mm max_*

Packing: *_Jumbo bags 500KG to 1TON_*

Inspection: *_Any reputable assayer appointed by the buyer_*.

Duration: *_1 year minimum with roll and extension_*

Terms: *_Ex Dar es Salaam/Tanzania( at buyer's designated CMA warehouse )_*


PAYMENT INSTRUMENT:
A) : *_Contract Value: US$210,000 to US$8,400,000_*

B) : *_Letter of Credit ( LC )/(DLC): Confirmed, Irrevocable, Non-transferable, Documentary Letter of Credit payable 100% at sight, for consignment with presentation documents quality and quantity report from buyer's appointed assayer presented by the seller's bank for the seller to the buyer's bank in accordance with the issued financial instrument payment_*.


PROCEDURE:
1)- Buyer issues a LOI
2)- Seller submits FCO
3)- Buyer sends back FCO with admendments or if FCO accepted, buyer puts signature.
4)- Seller issues contract--SPA and Letter of Credit Verbiage
5)- Buyer signs the contract and sends it back to seller.
6)- Buyer's bank issues LC inform of DLC or LCC to seller's bank.
7)- Seller's bank confirms the LC and notifies the buyer's bank.
8)- Seller delivers the consignment as per contract at buyer's designated CMA.
9)- Buyer appoints reputable entity to inspect the quantity and quality of the product at designated warehouse.
10)- Both seller and buyer with their agent work on paper and deliver the stock to the agreed destination as per contract.
11)- Buyer sends payment to Seller's bank account.