GFS Service Ltd.
Commercial

Bankable terms for serious counterparties.

Transparent offtake structures, market-referenced pricing, and clear risk allocation — designed for procurement and legal teams who require certainty before committing.

Offtake TermsPricing FormulaRisk Allocation
Offtake Terms

Standard commercial terms at a glance.

All terms are negotiable within the parameters below. Long-form agreements are available on request under mutual NDA.

Agreement Structure

Contract Duration1, 2, 3, or 5 years (renewable)
Governing LawEnglish Law — LCIA Arbitration
Minimum Volume500 metric tonnes per annum
Maximum Volume5,000 metric tonnes per annum
Volume Flexibility±10% per quarterly tranche

Pricing & Payment

Pricing BasisLME Antimony Metal Monthly Average
Premium / DiscountAgreed at contract inception; reviewed annually
Payment Terms100% by irrevocable L/C at sight, or T/T 30 days with approved credit
CurrencyUSD (default); EUR available
Invoice DateD+3 from Bill of Lading date

Quality & Delivery

GradeSb ≥99.50% (standard); ≥99.85% (high-purity)
Packaging25 kg PP drums or 1 MT big bags
IncotermsCIF, CFR, or DAP — buyer's election
Lead Time45–60 days from order confirmation
InspectionJoint PSI; SGS / BV / Intertek

Termination & Force Majeure

Termination for Cause30-day cure period; then immediate
Termination for Convenience90-day written notice; volume make-whole applies
Force MajeureStandard ISDA-style; 60-day trigger
Change of ControlConsent required; not to be unreasonably withheld
Pricing Methodology

Transparent, market-
referenced pricing.

Our pricing is fully indexed to publicly available benchmarks. There are no hidden fees, no opaque intermediary margins. Every component of the price is disclosed in the term sheet.

Standard Price Formula

P = LMEMA × (1 + δ) + Flog

P

Invoice price per metric tonne (USD)

LME_MA

LME Antimony Metal Monthly Average

δ

Agreed premium/discount (basis points)

F_log

Freight & insurance (CIF basis)

Fixed-price structures available for contracts ≤12 months. Multi-year contracts may incorporate annual price reset mechanisms indexed to CPI or LME rolling averages.

Floating Price

Most Common
  • Monthly LME-referenced price reset
  • Full price transparency
  • No basis risk for buyer
  • Suitable for all contract durations
  • Quarterly premium review option

Fixed Price

≤12 Months
  • Price locked at contract inception
  • Budget certainty for buyer
  • Premium applied to LME at signing
  • Subject to credit approval
  • Available in USD and EUR
Risk Allocation

Clear risk allocation for both counterparties.

We believe counterparties should enter agreements with full visibility on who bears which risk. The table below reflects our standard allocation; deviations are negotiable.

None / Protected
Shared
Full Liability
RiskDescriptionSellerBuyerMitigation
Commodity Price RiskExposure to LME Antimony price movementsShared (floating price)Shared (floating price)Fixed-price option available ≤12M
Supply InterruptionFailure to deliver contracted volumeFull liabilityNoneBonded buffer stock at Rotterdam / Antwerp
Quality Non-ConformanceSb grade below contracted specificationFull liability + replacementNoneJoint PSI + umpire assay protocol
Transit & InsuranceLoss or damage in transit (CIF basis)Full (CIF terms)None (CIF terms)ICC (A) all-risks marine insurance
Regulatory / ExportExport licence denial or sanction exposureFull liabilityNonePre-shipment export licence obtained
Payment DefaultBuyer fails to pay on due dateNoneFull liabilityL/C at sight or credit insurance
Force MajeureEvent beyond reasonable controlSharedShared60-day trigger; make-whole mechanism
Change of ControlMaterial change in ownership of either partyConsent requiredConsent requiredChange of control clause; 30-day notice