Secondary Aluminum Ingots 99.7% Available on CIF ASWP Basis

Our consulting firm is pleased to announce that we have secured a supplier for secondary aluminum ingots with a purity of 99.7%, offered on a CIF basis to the buyer’s destination port. Interested buyers are encouraged to carefully review the procedures, payment terms, product specifications, and other important details outlined below to ensure their acceptance of this offer.

• Product: Secondary Aluminum Ingots
• Purity: > 99% (nominal 99.7%)
• Weight per Ingot: 20 to 25 kgs
• Weight per Pallet: 1 ton
• Net Weight per Container: 20 tons
• Gross Weight per Container: 22.2 tons
• Packaging: Palletized and banded (H805xL105xl85 cm)
• Origin: UAE
• Shipping Port: Jebel Ali Port
• Product Specifications:

 

 

Contract Details:

• Contract Duration: 12 months + trial order
• Minimum Order Quantity (MOQ) for Trial: 500 metric tons
• Monthly Contract Quantity: From 1,000 to 5,000 metric tons (With possible Rolls & Extensions)

 

Pricing: (Pricing may fluctuate without a signed contract without prior notice)

• Fixed Sales Price: $2,290 per Metric Ton
• Market Price (Reference): LME Aluminium | London Metal Exchange
• Incoterms: CIF (Cost, Insurance, and Freight) as per Incoterms 2020
• Port of Loading: To be specified as per the agreement

Payment Terms:

• Payment Method: Transferable, Irrevocable, Assignable Letter of Credit (LC) - At Sight
• LC Verbiage: Locked for buyer’s security
• End Beneficiary
• Commodity
• Second Beneficiary Bank

 

Shipment:

• Shipment Timing: 30-35 days after payment instrument activation
• Shipment Mode: Bulk or container (specific pricing may apply)

 Procedure:

1. Agreement: Buyer and seller reach an agreement after LOI/RFQ and price offer.
2. SPA Issuance: SPA is issued for analysis and revisions.
3. SPA Signing: SPA is signed by both seller and buyer.
4. Proof of Funds: Buyer issues proof of funds (MT199) within 5 working days. (If the Buyers Bank is in China, the Seller’s Bank can request for POF via Bank-to-Bank Communication)
5. 5. Proof of Product: Seller returns proof of product (POP) through swift message.

6. LC Issuance: Buyer issues Draft LC or LC pre-advice (MT705) for approval and mutual agreement on verbiage.
7. LC Activation: Buyer activates LC.
8. Performance Bond (PB): Seller issues PB pre-advice based on EXW value.
9. Seller’s Performance: Seller activates PB, and performance starts.
10. Document Transfer: Commercial documents, COO, SGS report, COA, and other referenced export documents are transferred between banks at loading.
11. Payment: Issued by TT (M103) within 5 days or through LC negotiation between banks within 15 days.
12. Revolving Contract: Trial clauses activate the revolving contract for ongoing shipments.

Product Specification (SPEC):

• Chemical Composition: In line with international alloy designations and chemical composition limits for wrought aluminum and wrought aluminum alloys (AA 2009).
• Production: Made from aluminum scrap (new or old), sourced from post-industrial or postconsumer processes. Additional raw material from dross and salt cake.
• Manufacturing Process: Includes collection, sorting/cleaning of scrap, melting, and casting. Types of furnaces used include reverberatory, rotary, crucible, and electric furnaces. Impurities are removed using salt or gases, and additional elements may be added to meet final product specifications.