Terms & Conditions
GOLD CIF PROCEDURES TO BUYERS COUNTRY DESTINATION
The Following are part of the SPA Offer PROCEDURES as shown on our SPA.
CIF
to Buyers Destination XXXXXX International Airport and to Buyers Government Registered Refinery as final destination.
PRODUCT : GOLD BARS –MINIMUM 96% -22 + KARATS PURITY
FORM : 1 KG DORE BAR
ORIGIN: TANZANIA: or GHANA (Sellers Choice)
PACKAGING : EXPORT PACKAGE BOXES
PAYMENT TERMS AND PROCEDURES
FINAL PAYMENT shall be made by TT SWIFT MT103 for 100% of the value of each shipment after Buyers Refinery Assay, guaranteed by a bank irrevocable Ready Willing and Able (RWA) SBLC MT760 for the value of one shipment, revolving monthly, issued from a World Top 100 bank or approved by SELLER.
** NOTE: BUYERS OR BUYERS PARTY WHO SIGNS AND ACCEPT THE SPA CONFIRMS THAT THEY UNDERSTAND AND WILL FOLLOW THE PROCEEDURES WITH NO DELAY. WILL NOT TOLERATE NON PERFORMER BUYER”s”.
BOTH SELLER & BUYER OR BUYERS PARTY AGREES THAT IN THE EVENT THEY FAIL TO PERFORM, SELLER HAS THE RIGHT TO POST AT VARIOUS SITES AND LABEL THEM AS, SCAMMERS & FRAUDULENT.
• Seller Representative presents SPA to Buyer or Buyers Representative for review and approval. Buyer sends confirmation of acceptance and signs
SPA. Seller and Buyer enter into this signed Agreement for the quantity, price and payment methods. Buyer and Seller both agree to Comply &
Perform 100%. Buyer provides Seller “ KYC” Know Your Client Document.
• After Buyer signs and initial each page within 7 Days on approval and acceptance by the Buyer will present RWA signed by the Bank officer their
willingness to comply and issue SBLC SWIFT MT760 to the SELLERS APPOINTED BANK at ING or HSBC.
• The PROFORMA INVOICE will be issued with the Buyers name together with the Buyers destination refinery (NAME) in XXXXXX. Refinery name (XXXX) information in XXXXXX to be provided by the Buyer as part of this agreement.
• Without Delay, after Buyer receives the and Proforma Invoice within maximum 3 days, the BUYER’s Bank will send SBLC MT 760 to SELLER’s Financier bank account.
Buyer agrees to send a copy of the Swift transmission to the seller to allow us to have the bank verify receiving the Swift SBLC MT760 .
• ** The “POP” PROOF of PRODUCT DOCUMENTS is provided after the BUYER and BUYER BANK has issued the bank instrument SBLC SWIFT MT 760
and confirmed by sellers receiving Bank **
PART of the POP will be Current Photo with DATE and NAME of the BUYER.
• Buyer agrees to send a copy of the Swift SBLC SWIFT MT 760transmission to the seller VIA email to allow us to have the bank verify receiving the
Swift SBLC SWIFT MT 760transmission. When the Sellers Bank confirms the SBLC SWIFT MT 760 has been received., the Seller prepares gold Bars
for Delivery to the Buyers Destination Airport in XXXXX, then to be transported by Secured Armored Vehicle to " REFINERY in XXXXXX.
• Within, Twelve (12) working days after the confirmation of SBLC SWIFT MT 760Seller will ship to the Buyer's International Airport in XXXXXX.
• Buyer to provide Seller the govt. registered Refinery Destination information The SELLER sends the trial shipment of gold to buyer destination XXXXX
INTERNATIONAL AIRPORT. The Seller will be respondsible for Export fees, transportation of the Gold Dore Bars to destination country XXXXXXX
International Airport.
• Seller will notify the Buyer of the flight details dates of expected departure and arrival time.
• Seller will provide to the Buyer copies of all necessary valid and confirmed necessary Documents PROOF OF PRODUCT “POP”` as listed on the SPA
via email.
In return the Buyer will confirm receipt of documents, POP and the notice of Gold Shipment Delivery arrival.
• After confirmation of above, the SELLER sends the trial shipment of gold to buyer destination XXXXXX INTERNATIONAL
AIRPORT.
• The Seller will be responsible for Export fees, transportation, and insurance of the Gold Dore Bars to destination country XXXXXX
International Airport.
• Seller will provide to the Buyer copies of all necessary Documents as PROOF OF PRODUCT “POP” ` as listed on the SPA via email together
with the Gold Dore Bars Delivery Schedule.
• Buyer confirms receipt of POP documents and the notice of Gold Shipment Delivery arrival manifest. • 3 days prior to Gold arrival in XXXXXX International Airport , the Seller and Buyer agrees to Pre arrange the Secured Transportation of Gold
and Personnel including insurance of the Gold to the destination XXXXX REFINERY
The day of Gold Dore Bars Arrival, the SELLER meets BUYER at XXXXXX INTERNATIONAL AIRPORT, from the Airport the BUYER
assumes responsibility for all cost, such as Custom Duty, Clearance Fees, Gold assay at refinery, Security transportation of
personnel and Gold to the refinery in XXXXXX.• BUYER and Refinery with Armored Security, takes responsibility of the gold safety from the airport delivering to the BUYERS REGISTERED
XXXXX GOLD REFINERY in XXXXXX.
• ** The Ownership of the Gold remains with Seller until after Assay of the Gold and Buyer pays for the gold fully at Bank. ASSAY COST AT
BUYERS REFINERY IS PAID **
• Seller will be present at the"XXXX GOLD REFINERY" witnessing the smelting and assay of the Gold. Buyer agrees while Gold is being
assayed in "XXXXXX GOLD REFINERY" All other collected metals such as white gold, platinum, palladium etc.. other than the Gold while
refining and assay will be returned to the Seller.
• The Final Assay at the Buyers Refinery “XXXXXX GOLD REFINERY”, will be conducted and the results will be shared between the Buyer and
Seller team for acceptance. Should Gold fall Below the minimum Purity of 96%, the price will be adjusted to meet the minimum purity
standard of 96%.
• Upon acceptance of the Final Assay Report, the Buyer will make full and final payment to the Seller’s Nominated Bank Account via MT103 TT
Same day. (Bank details to be provided after signing of this Contract). Transfer of Ownership is done when Sellers Bank confirms receiving
the Buyers Bank TT Transfer. This can take from 24 to 72 Hours.
• BUYER and SELLER shall immediately decide upon the success of the trial shipment, following which, the BUYER shall instruct its bank to
open a revolving SBLC SWIFT MT 760.
• For subsequent, ongoing shipments, the SELLER advises BUYER full details of the cargo and flight arrangements of the shipment, and Procedures above applies.
7. Seller Commission Payment to Buyer(s) intermediaries upon seller bank confirms receiving payment. Commission will be paid as per signed NCNDA IMFPA to all Intermediary parties . Payment made by Bank wire transfer as per prior agreement on the contract terms.
DOCUMENTS PROVIDED AS POP (PROOF OF PRODUCT)
a. Each shipment and delivery shall be identified with all appropriate Reference Codes and Numbers and a label must be put on the Boxes of the GOLD.
a) Proforma Commercial Invoices in favor of the Buyer
b) Certificate of Origin
c) Certificate of Ownership
d, Government assay report
e) Customs Declaration Form(s) (supplied by Buyer, if applicable)
f) Declaration that the gold is free and clear and of non-criminal origin, unencumbered and free of any liens, and is transferable and exportable
g) Export Permit, Original copy of the Airway bill
h) Full set Airway bill, marked "air freight Pre-paid"
i) Flight number and date of arrival
j) Gross weight and net weight
FOLLOW LINK BELOW FOR GOLD PRICE:
https://www.moneymetals.com/precious-metals-charts/gold-price
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