DELIVERY INSTRUCTION & LOGISTICS ADDENDUM
A42C Ltd | Company No. 16627000 | 27 Old Gloucester Street, London, WC1N 3AX
This Delivery Instruction & Logistics Addendum (“Addendum”) forms part of and is subject to the Master Copper Sale & Allocation Agreement (“Master Agreement”) and the applicable Trade conirmation(s) between C4Cu / Cooper 4 Copper (“Seller”) and the Buyer.
This Addendum applies only where the Buyer has elected physical delivery in accordance with the Master Agreement.
1. Trigger for Delivery
Physical delivery may only be elected once the Buyer’s cumulative allocated copper position equals or exceeds twenty-ive (25) metric tonnes (25,000 kg).
Election of delivery is subject to Seller conirmation and availability.
2. Method of Delivery
Delivery shall be effected solely by way of an in-warehouse transfer of copper cathodes at an LME-approved warehouse selected exclusively by the Seller.
Delivery shall be completed by transfer of goods and/or LME warrant within the warehouse system.
No physical transportation, shipment, or removal of goods by the Seller is included.
3. Warehouse Selection
The LME-approved warehouse used for delivery shall be selected at the Seller’s sole discretion.
The Buyer has no right to nominate, request, or reject any warehouse selected by the Seller.
4. Delivery Quantity & Final Weights
The Buyer acknowledges that LME warrant parcels are nominally twenty-ive (25) metric tonnes, but that inal delivered quantities may vary slightly above or below this amount.
Final delivery quantities and weights shall be determined exclusively by the applicable LME warrant and warehouse records and shall be inal and binding.
5. Pricing & Final Settlement
The Buyer agrees to pay the full value of the inal warrant quantity, calculated in accordance with the Master Agreement, prior to inal release or transfer of the goods.
Any variance between indicative and inal quantities shall be settled solely on the basis of the actual warrant weight.
6. Costs & Charges
Unless otherwise expressly agreed in writing, the Buyer shall bear all costs and charges associated with:
- In-warehouse transfer
- Warehouse handling and load-out
- Storage charges
- Insurance
- Onward transport
- Duties, taxes, and customs requirements
The Seller’s responsibility is limited to effecting the in-warehouse transfer.
7. Title & Risk
Title and risk shall pass to the Buyer upon completion of the in-warehouse transfer in accordance with LME rules and warehouse procedures.
8. Buyer Responsibilities
The Buyer is responsible for:
- Appointing any logistics providers following transfer
- Complying with all applicable laws, customs, and regulations
- Arranging insurance following transfer
9. No Seller Logistics Obligation
The Seller shall have no obligation to arrange, manage, or fund transport, shipping, insurance, or customs clearance beyond the in-warehouse transfer.
10. Governing Terms
This Addendum is governed by and subject to:
- The Master Copper Sale & Allocation Agreement
- Applicable Trade conirmation(s)
- C4Cu Terms & Conditions
In the event of any inconsistency, the Master Agreement shall prevail.
11. Governing Law
This Addendum shall be governed by the laws of England & Wales.