Terms and Conditions
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Effective Date: January 1, 2026
Entity: Atlas Copper Trade (Port of Newark, NJ)
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Non-Binding Inquiries: Information, estimates, and specifications presented on this website or provided via web forms do not constitute a legally binding offer to sell.
Formal Execution: A legally binding agreement is established only upon the execution of a formal, written Sales Contract signed by authorized representatives of both buyer and seller, and upon receipt and confirmation of an acceptable payment instrument (such as a Confirmed Irrevocable Letter of Credit).
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Commodity Indexing: Contract pricing for ISRI #1 Bare Bright Copper Wire is benchmarked against the London Metal Exchange (LME) Cash Settlement price.
Fixing & Adjustments: Final commercial invoice amounts are subject to price fixing agreements outlined in the signed Sales Contract. Unless explicitly locked via a fixed-price agreement, final pricing will adjust automatically according to the LME official cash price on the mutually agreed fixing date or bill of lading date.
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All trade transactions are executed under Confirmed, Irrevocable Letters of Credit (LC) payable at sight via SWIFT (MT700) issued or confirmed by a top-tier international commercial bank, or via pre-agreed wire transfers.
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Neither party shall be held liable for failure or delay in fulfilling contractual obligations if such failure arises from circumstances beyond reasonable control. Force Majeure events include, but are not limited to: severe acts of God, maritime blockades, port strikes or closures at the Port of Newark or destination ports, government export/import bans, changes in national trade embargoes, war, or major global maritime transit disruptions. Affected parties must provide prompt written notification and documentation.