About Copper Ore
What is Copper?
A copper is reddish brown nonferrous mineral that is a soft, malleable, and ductile metal. It is most electrically conductive of all the metal elements and can be used to conduct heat and electricity, as a building material, and as a constituent of various metal alloys, such as sterling silver used in jewellery, coins, and thermocouples for temperature measurement.
Just like many other natural resources, the total amount of copper on Earth is vast, with around 10tons in the top kilometre of the Earth’s crust, which is about 5 million years’ worth at the current rate of extraction. However, due to the present-day prices and technologies, only a tiny part of these reserves is economically viable.
Trade Process
Our trade process spreads across CIF, FOB, TTO, and TTT, depending on the buyer’s preference.
Here’s what they entail:
1). Cost Insurance and Freight (CIF): Here, the seller will handle everything from loading the vessel, paying for insurance, and sending the product to wherever the buyer wants it delivered.
2). Freight On Board (FOB): Here, the seller pays for the transportation of the goods to the port of shipment, plus loading costs, while the buyer pays the cost of marine freight transport, insurance, unloading, and transportation from the originating port to the final destination.
3). Tanker Take Over (TTO): Here, the buyer will take over the vessel, offload the product at their destination, and return it.
4). Tanker To Tanker (TTT): Here, the buyer uses their own vessel, long sides with the seller’s vessel, and then the cargo is transshipped when the transaction is fully settled.