((Copper))
Quantity contracted: 30,000 tons
Price: 45,000 riyals per ton, including tax
Commission: 2,000 riyals, split equally between seller and buyer
Execution mechanism:
1. Commitment letter to purchase and commitment letter for commission, certified by the Chamber of Commerce.
2. Signing of contracts between the parties.
3. Issuance of a preliminary commercial invoice by the seller.
4. Issuance of a bank guarantee by the buyer for 25%.
5. Inspection.
6. Commencement of supply to the buyer at a rate of 200 tons per day.
7. An invoice will be issued at the end of each week and paid by the buyer until the quantity is exhausted.