1
The Buyer must have RWA (Ready, Willing, Able,) with the ability to issue Agreed Instrument of Payment, within 14 to 21 days after signing SPA (Sales, Purchase, Agreement) failure to be able to immediately issue the agreed instrument in the SPA, will result in a penalty of 2% of the value of the first 2 shipments
2
Failure by the seller to be able to execute on their responsibilities in accordance to the signed SPA incl setting aside the 2% performance bond & or an ability to ship the product within the timeline agreed to in the SPA with the exception to a normal delay due do to logistical issues or force majeure ( ie… outbreak of war or escalation of unrest in some of the areas that the product is mined or transported , with the above exception the seller will lose the 2% PB (Performance Bond) & the seller will receive an extra 2% discount to LME. if transactions moves forward.