Congolese Trading Corporation (CTC) Details
- City:Kinshasa / Bandalung
- Operational Address:Sydney Belsey, North York, Ontario, Canada
- Business Type:Trading Company, Agent, Other
- Year Established:2008
- Number Of Employees:5 - 10 People
- Total Revenue:Below US$1 Million
- Trade Capacity:Africa : 100.00%
- Production Capacity:- -
- Main Products:Diamonds
- Address:91, rur Sundi, quartier Makelele
- Main Markets:Africa
- Location:Congo, The Democratic Republic Of The
- Website:Visit website
- Congolese Trading Corporation "CTC" in acronym, wich is headquatered in Kinshasa/Democratic Republic of Congo, is Seller mandate or representative for a group of African Traders and will act as consultant and acting under Congolese law.
The DRC offers a ready-made reputation of "geological and mining scandal" because of the abundant variety of minerals that cannot cease to discover, beyond those already covered that operating and marketing.
HoCongolese Trading Corporation (CTC)ver, recent events, combined with a lack of resources for the development of its huge mineral potential, the will of the Congolese government to attract and offer the best conditions for new buyers and investors that come to purchase the Congolese minerals and investing to the new and modern equipment.
And, in this context that why CTC initiatives to become a seller mandate and found the potential buyers to transact of some of valuable and precious minerals from Congolese mining, and contribute to Congolese mining development. So there are so many chances that the buyers succeeds to buy easily those precious minerals from Congo but only if they follow and satify the requirements of the Congolese law and undertaking any steps to understa how it works and CTC will facilitate the operation.
That why it is in context that our partnership is very important and establishing a Convention Committee purchases of precious stones, which discribes the procedure to be followed in transacting between the parties: Congolese Trading Corporation, acronym CTC as a seller mandate and buyers or buyers mandate.
Terms and Conventions
This document, called Terms and Conventions describes how to perform any transaction between Buyers and Congolese Trading Corporation , abbreviated as "CTC ", whose headquarters is in Kinshasa/Congo
By its purpose, CTC offers to any person or entity, among other precious commodities: diamonds, gold or other minerals from the Democratic Republic of the Congo or any other mining area in Africa.
Potentials buyers outside the Congolese territory cannot directly enter any trade agreement if the agreement is endorsed by CTC .
Before signing a trade agreement between CTC, the potential buyer has to send a letter of intent (LOI) in which he specifies the product (s) desired and the total transaction amount in U.S. dollars.
In return, CTC meets prospective customers by giving consent (or not) for operation with a manifest or a complete offer of cooperation ( FCO) and providing a fee schedule for all products .
The prices listed in the fee manifest are indicative. Prices of precious resources vary less or more depending on the market fluctuation or depending on the time of extraction.
After agreement by the potential buyers, they return the manifest or the FCO to CTC with the signature, preceded by read and approved.
The accepted usual practice in Democratic Republic of Congo for gems is the cash payment. To do so, before entering into any transaction, the potential buyer or his agent or representative of buyers must make the trip to Kinshasa in order to ascertain the actual existence and conformity of precious resources and payment.
Purchases are made directly in the presence of the purchaser and are sanctioned by a purchase order (invoice) that closes the transaction. Therefore, the package becomes exclusive property of the buyer. All charges or expenses which will come after, such as storage expenses and / or transportation shall be take care by the buyer. The only existing formula is cash.
A parcel cannot leave the Congolese territory without payment of the full amount of the transaction and the various government taxes.
At the conclusion of the agreement, CTC will make available to the buyer to help complete all formalities related to export and thus leaving the territoy with the goods.
THIS IS OUR TERM