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Delivery time and Payment Term
Delivery time:
1,Small order,normally it is 7-15days.
2,If quantity order,special products,busy production season,then please kindly contact our sales person.
Payment options:
1,T/T in advance(telegrafic transfer-bank order),for new customer,or small order, or samples order,or shipment by air.
2,T/T after shippment,for old customers.
3,Western Union cash-for small order or samples order.
4,L/C,for old customers,or big order,more details please kindly contact our sales person.
Policy statement on compliance with responsible mineral supply chain management
Xinchang Mag Magnets Co., Ltd. has a strict management system and has passed the certification of quality, environment and occupational health and safety system. It strictly complies with laws and regulations, respects human rights and performs social responsibilities.
As a responsible enterprise, we are fully aware of the possible negative impact of production and operation activities in conflict affected and high-risk areas. At the same time, we are aware of our obligation to respect human rights and not contribute to conflicts and risks. Therefore, we have been strictly abiding by laws and regulations, respecting human rights, fulfilling social responsibilities, implementing responsible procurement, and striving to promote the sustainable development of the tin industry. We undertake to implement the following responsible mineral supply chain policies to identify and avoid the following risks in business activities:
1、 Gross violations of human rights
（1） The company will neither tolerate nor profit, help, assist or facilitate any party to implement:
1. Any form of torture, cruel, inhuman and degrading treatment.
2. Any form of forced or compulsory labor. Forced or compulsory labor refers to the labor or service that is extracted by any individual under the threat of punishment and is not voluntarily provided by that person.
3. The worst forms of child labour.
4. Other serious violations and abuses of human rights, such as widespread sexual violence.
5. War crimes or other serious violations of international humanitarian law, crimes against humanity or genocide.
（2） Risk reduction
If we have reasonable reasons to believe that the upstream supplier purchases or is connected with any party that has committed serious human rights violations, the raw material procurement department of the company will immediately suspend or interrupt the cooperation with the supplier.
2、 Acts that directly or indirectly support non state armed groups or public or private security forces
（1） The company does not tolerate any direct or indirect support to non state armed groups through mineral mining, transportation, trade, processing or export. Providing "direct or indirect support" to non state armed groups through mineral mining, transportation, trade, processing or export includes purchasing minerals from non state armed groups or their affiliates, making payments to them, or providing logistical support or equipment to them in other ways. These armed groups or affiliates are:
1. Illegally control the mine site, or otherwise control the transportation route, the mineral trading point and the upstream actor of the supply chain.
2. Illegal tax collection or extortion of money or minerals at the entrance of the mine site, along the transportation route or at the mineral trading point.
3. The subject of illegal taxation or extortion against middlemen, export enterprises, or international traders.
The company will put an end to providing direct or indirect support to public or private security forces that illegally control the mine site, transportation route and upstream of the supply chain, illegally levy taxes or demand money or minerals at the entrance of the mine site, along the transportation route or at the mineral trading point, or illegally levy taxes or extort money or minerals from middlemen, export enterprises or international traders.
In the event that we or any enterprise in our supply chain has signed a contract with public or private security forces, we promise or will provide that we will abide by the provisions of the voluntary principles on security and human rights in the process of cooperation with such security forces. In particular, we will support or take measures to apply the screening policy to ensure that individuals or security armed units known to have committed serious human rights violations are not employed.
We will support or take measures to cooperate with local governments, international organizations and civil society organizations. The mineral resources in the supply chain are mined through small workshops or small-scale mining, so as to avoid or minimize the negative impact of public or private security forces stationed at the mine site on vulnerable groups, especially on small workshops.
（2） Risk reduction
If we have reasonable reasons to believe that an upstream supplier purchases from or is associated with any party that provides direct or indirect support to non-state-owned armed groups, we will immediately suspend or interrupt our cooperation with the supplier.
For the risk of public or private security forces, we will formulate, adopt and implement risk management plans with upstream suppliers and other stakeholders according to the specific position of the enterprise in the supply chain, so as to prevent or reduce the risk of providing direct or indirect support to public or private security forces. These public or private security forces illegally control the mine site, transportation route and upstream participants of the supply chain, illegally levy taxes or demand money or minerals at the entrance of the mine site, along the transportation route or at the mineral trading point, or illegally levy taxes or extort money from middlemen, export enterprises or international traders. We believe that there are risks. In this case, if the risk management plan has not worked for six months, we will temporarily stop or interrupt our cooperation with upstream suppliers.
Xinchang Mag Magnets Co., Ltd
2022.2.20
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