1. Product Description: AU Gold Bullion 99.95%
2. Form: 12.5kg and 1kg Bars, Code: HS71081200, 71081300
3. Age: More than 5 years old
4. Hallmarks: International Hallmark
5. Origin: Multiple
6. Quantity: 200MT per month for 60Months
And trial quantity is fixed at 4.8MT (4800KG)
7. Shipping company Brinks
8. Purity: 99.95/99.99% Fineness or Better
9. Discount: Net 7% & Gross 10%
10. Price:
Shall be based on the LBMA-published Priced Fix (the P.M. Priced Fix)
on the day of the Assay Report.
11. Consultation Fees: TOTAL 3 %
1.5% Closed for the seller side
1.5% Opened for the buyer side.
This 3% Commission would be paid by the seller.
12. Payment Guarantee
(PG)
CASHIER'S CHEQUE OR BANKER'S DRAFT via Swift MT110
13. Delivery FOB DUBAI
14. Transaction
Currency:
Clean & Clear EURO /USD /HKD or any other major currency
Procedures:
1. Buyer & Seller negotiator shall fix a mutual agreement regarding the price,
procedure, Buyer Capacity & verbiage of PG to send LOI format accordingly.
2. After getting the LOI according to format (Due to the Covid-19 pandemic,
an electronic signature is acceptable), The Buyer and The Seller will sign
and seal this Integrated FCO and Sales and Purchase Agreement (SPA) with
their full banking coordinates.
3. Both parties shall then each lodge one original copy of the Integrated
FCO and Sales and Purchase Agreement (SPA) with their respective banks.
4. Within three (3) banking days after submission of this Agreement to the
parties’ banks, The Buyer’s bank issues an Authenticated SWIFT MT999
RMA by advising the receiving bank of the readiness to send the CASHIER'S
CHEQUE OR BANKER'S DRAFT via Swift MT110 and to set up RMA (SWIFT
KEYS) between parties’ banks.
5. Within three (3) banking days (subject to the final decision of banking
compliance) after Seller’s bank reply and accept Buyer’s MT999 RMA,
Buyer’s bank issues a SWIFT MT199 RWA and advise readiness to issue
Irrevocable, Non-Operational, Confirmed, Non-transferable, and Nonassignable CASHIER'S CHEQUE OR BANKER'S DRAFT via Swift MT110
6. Within two (2) banking days of receipt of SWIFT MT199 RWA after
validation and authentication by the End Seller's bank, the End Seller's
bank issues a Proof of Product (POP).
7. Within Five (5) banking days upon receipt, validation, and
authentication of POP MT600 and a hard copy of POP via DHL by the
Buyer’s bank, then the Buyer’s bank issues Irrevocable, Non-Operational,
Confirmed, Non-transferable, and Non-assignable CASHIER'S CHEQUE OR
BANKER'S DRAFT via Swift MT110
8. Seller’s bank issue Performance Bond 2% to activate Irrevocable, NonOperational, Confirmed, Non-transferable, and Non-assignable CASHIER'S
CHEQUE OR BANKER'S DRAFT via Swift MT110 and becomes operational,
transferable, and assignable.
9. The Buyer along with an assayer of your choice will then be invited to the
Seller’s security warehouse for a physical viewing/inspection.
10. Within 3 banking days of the physical inspection, the Seller will
transport the mutually agreed quantity to the refinery designated by the
Buyer at the Seller’s expense.
11. After refinement and the Refinery Final Assay Report issued by the
Buyer’s refinery, the buyer will settle payment in full for an equal quantity
of precious metals within 5 banking days to the Seller. The transfer of the
Precious Metal Holder is made against the final payment. Then the title
deed of an equal amount will be transferred to the Buyer. Payment will be
made by MT103 Cash Transfer without any delay within 5 banking days
after the issuance of the assay report by the DMCC /Dubai Govt.
ACCREDITED refinery
Refsellgold27 76 909
