Minerals
Minerals transaction procedure
A structured, documented sequence for copper, cobalt and lithium transactions, designed to protect both buyer and seller at every stage.
The nine steps
- 01LOI or ICPO with company profile and passport of the signing director
- 02Soft offer issued by Eagle Star Group
- 03KYC and sanctions screening on both sides
- 04Full corporate offer
- 05Contract
- 06Independent inspection by SGS or Alex Stewart
- 07Buyer's 20% mobilisation deposit held in escrow against proof of product, refundable if inspection or assay fails the declared specification
- 08Balance paid against documents by SBLC or DLC at sight
- 09Trial shipment, then rolling monthly tonnage
Indicative terms
- Minimum monthly quantity
- [tonnes]
- Maximum monthly quantity
- [tonnes]
- Packing
- [packing]
- Incoterms
- [Incoterms]
Independent inspection
