Trade Procedure
A transparent, secure, and standardized workflow ensuring reliability from Letter of Intent to Final Delivery.
Inquiry (LOI / ICPO)
The Buyer issues a formal Letter of Intent (LOI) or an Irrevocable Corporate Purchase Order (ICPO). This document must include the required quantity, target price, destination port, and preferred payment terms.
Full Corporate Offer (FCO)
Pivot Mining Tanzania Ltd reviews the inquiry and issues a Full Corporate Offer (FCO). This outlines our ability to supply, specific mineral grades (e.g., 65% Iron Ore), and the commercial terms of the trade.
Sales & Purchase Agreement (SPA)
Once terms are agreed upon, both parties sign the formal Sales and Purchase Agreement (SPA). This legally binding contract is lodged with our respective banks to initiate the financial instruments.
Verification & Inspection
Product verification occurs. For bulk minerals like Iron Ore or Copper, the Buyer may appoint SGS or Bureau Veritas to conduct an inspection of the quality and quantity at the loading site or warehouse.
Financial Settlement
Buyer activates the agreed payment instrument (typically a Documentary Letter of Credit - DLC or MT700/MT760). Payment is released against the presentation of shipping documents and final assay reports.
Logistics & Delivery
We handle the export documentation and logistics. Minerals are transported to the Port of Dar es Salaam or designated exit points. Shipping documents (Bill of Lading, Certificate of Origin, etc.) are handed over for final clearance.
Standard Export Documentation
Every shipment is accompanied by a full set of documents, including but not limited to:
Important Note for Buyers
Pivot Mining Tanzania Ltd strictly follows the **OECD Due Diligence Guidance** for responsible mineral sourcing. We do not engage in trade that supports conflict or illegal mining. All transactions are subject to standard KYC (Know Your Customer) protocols.