GOLD DORE / GOLD BULLION
DESCRIPTION OF ASSETS:
PRODUCT: Gold Dore Bars
COMMODITY: Mine Gold
PURITY: 94 +% purity.
BAR WEIGHT: Bars 1 KG.
PACKAGING: International standard air freight packaging for precious metals.
ORIGIN: Ghana,West Africa.
COUNTRY: DELIVERY Airport xxxxxxxxxxxxxxxxx, (Incoterms DAT )
CURRENCY: USDollar (USD).
QUANTITY Delivery first month trial 100kg (one hundred kg) and from 500kg (Five hundred kilos) per month until the end of the contract, one year with R&E. Total Contract, __________ kg ( ________________________ kilos).
DURATION :Twelve (12) months, with Rolls & Extensions. Total deliveries Thirteen (13).
PURCHASE PRICE: The agreed purchase price is the quoted price in USD. On the day of transaction Set by 2nd fixing London Bullion Metal (LBMA). In the event that the LBMA is no operating on that operating on that scheduled day, the price the next market day. Minimum 999.9%. After certificate final Assay Report Refinery.
REFINERY NAME:
PRICE DISCOUNT: 99.99% (Bullion): Less 6% NET/-9% GROSS, discount on second LBMA fixing (more quantity TBD).
94%: Less 8% NET/-11% GROSS, on second LBMA fixing, from 300kg weekly (more quantity TBD).
COMMISSION: 3%, is paid by the Seller. Shared as follow: 1,50% Seller side (Closed). 1,50% Buyer side e intermediaries (open).
ASSAY: The final test will be performed in and by the Buyer´s registered refinery and this value will be accepted by both the Buyer and the Seller for the Bullion AU, refined to a purity of 999,9%.
INSPECTION: Refinery Certificate.
GUARANTEES: Buyer´s Guarantee: Buyer will guarantee each delivery.
i.-The Buyer must guarantee each delivery of 300 kg and 500 kilos month until the end of the 12-month contract, with R&E.
ii.-The Buyer Issue an Irrevocable, Confirmed, Non Transferable, Non-Divisible, Non Assignable, SBLC MT760, the with a validity of twelve months and one day in favor of the Seller's bank for an approximate value of (referenced to the price of the LBMA 2ND FIXING London, of the day of signing the purchase-sale contract) as of x/xx/26, $xxxxxxxxxxxx Us Dollars kg for 500 kilos. (completing a total of _________ kilograms in 12-month) shipped from the seller's country of origin to the destination airport where the Refinery is designated by the Buyer.
PERFORMANCE: Guarantee issued by Seller: The SELLER issues the Performance Bond (P.B.) Two Percent (2%) of the Irrevocable, Confirmed SBLC SWIFT MT760, Non Transferable, Non Divisable for a value of one delivery,of 500kgs in favor of the Buyer´s bank.
PAYMENT:
All payments during the contract only will be admited by wire transfer Swift MT103 within 72 hrs after obtaining final and binding Assay Report from the Buyer´s Refinery. All payments by clear money of non-criminal origin
PROPERTY TITLE TRANSFER:
The release of the property title in favor of the buyer will take place within 24 bank hours, from the time the seller's bank notices buyer´s payment is into seller´s account.
For personalized information, send an email with LOI + CIS.