Our LME Warehouse Delivery Out Procedures (the “Procedures”) are a guideline for the process and policies of our scheduling system, with regard to the allocation of loading slots for delivery out of material, which has been the subject of a cancelled LME warrant. The process and policies may be subject to amendment from time to time in which case, such amendments will be published on our website.
These Procedures are in conformity and in accordance with LME requirements and are applicable in addition to any specifically agreed terms with our Customers for cancelled LME warrants, at our approved LME warehouses. All services provided by GKE Metal Logistics Pte Ltd are subject to the Standard Terms & Conditions of GKE Metal Logistics, a copy which is available upon request or which can be found on our website at www.gkeml.com
Customers must arrange full payment of FOT charges and LME Rents (accrued up to and including the warrant cancellation date for the cancelled warrants) to our designated bank account without deduction and/or set off. These payments must be made prior to requesting GKE Metal Logistics Pte Ltd to make booking arrangements for a collection. Details of any payments made must be given to GKE Metal Logistics Pte Ltd in writing.
With the intention of allocating loading slots in a fair and equitable manner to all customers and to minimize any delays, GKE Metal Logistics Pte Ltd will allocate loading slot(s) strictly on a first come first served basis and, only after receipt of payment of any FOT charge and LME Rent (presentation of SWIFT copy is not sufficient as proof of payment). GKE Metal Logistics Pte Ltd requires two working days’ written notice in order to complete documentary formalities and, prepare the necessary loading slot(s).
LME Rent will continue to accumulate from the date of warrant cancellation up to and including the date of material collection from LME warehouse and, will be invoiced separately.
The FOT charge and LME Rent refer to a collection on the basis of customs uncleared, duty unpaid and shall be invoiced for:
- LME Rent: Basis standard LMElot weight for the applicable material
- FOT charge: Basis actual gross weight of material delivered out
The Customer must inform GKE Metal Logistics Pte Ltd of the collection method being used and provide information on shipping/collection arrangements, including required documentation such as but not limited to (proforma) invoice, packing list and shipping/delivery instructions, etc., specifying GKE Metal Logistics Pte Ltd’s Warehouse Reference Number, metal type and quantity details.
Customs and/or GST formalities (where applicable) must be completed prior to any material being delivered out from our LME warehouses. Customer must ensure that all formalities and paperwork are completed and presented to GKE Metal Logistics Pte Ltd no later than 24 working hours prior to collection of material.
Working days are Monday to Friday, excluding Saturday, Sunday, local Public Holidays and days of port closures. Standard operational working hours at the GKE Metal Logistics Pte Ltd warehouse are as follows:
- 00 to 17.00 Monday to Friday.
- Lunch hour during weekday’s is from 12.30 to 13.30.
- Latest loading time out of the warehouse is 16.30 on weekdays.
GKE Metal Logistics Pte Ltd will advise Customers of any missed loading slot(s) within 1 (one) working day after close of business of the scheduled collection day in order to schedule a new loading slot. GKE Metal Logistics Pte Ltd is not responsible for any delays and/or subsequent charges if loading slots are missed.