Gold Bullion (Aurum Utalium) 999.5% / 12% gross/9.0% net discount
CIF DUBAI
IS NECESARY THE ACCEPTANCE OF PROCEDURE
We hereby confirming with full corporate responsibility under the penalty of perjury, that we the seller is ready,
willing and able to sell the offered “AU” Bullion Bars Commodity, according to the terms and conditions stated below.
DRAFT SOFT CORPORATE OFFER
PRODUCT NAME AND DESCRIPTIONS:
COMMODITY : Gold Bullion (Aurum Utalium)
FORM : 12.5 kilo bars of GLD Standard
FINENESS : 999.5% or better
HALLMARK : Internationally accepted hallmarks with less then 3 years. (JOHNSON
MATTHEY)
ORIGIN : CANADA, NORTH AMERICA, MEXICO, AUSTRALIA, AND OTHER.
LOCATION : United Kingdom, Switzerland, Hong-Kong, Germany, Singapore, Brunei
and Other
DELIVERY : CIF DUBAI
QUANTITY : 24 MT WITH ROLLS & EXTENSIONS.
FIRST TRANCHE : 2 MT
SUBSEQUENT TRANCHES : 2 MT
DURATION : 12 MONTHS (2 X 12)
PRICE : The agreed purchase price is the quoted price in USD or EUR as set forth
in the latest valid Second Fixing Rate (PM) Issued by the London Bullion
Market Association (LBMA) on the Day-of-Transaction. In the event that
the LBMA is not operating on that scheduled day, the price calculation
used Shall be based on second LBMA fixing of the next change to last
Market opening day and per tranche.
DISCOUNT : 12% gross/9.0% net discount
COMMISSION : 3.0% Commission, as stated below:
1.5% to Seller side (CLOSED), 1.5% to the Buyer’s Side (Open) (Mandatory
and Intermediares)
PAYMENT : All PAYMENTS by clear, clean money of non-criminal origin and by
BG/SBLC + SWIFT/WIRE TRANSFER MT103 within maximum two (2)
Banking days or by acceptable financial instrument to be agreed
between parties.
TRANSPORT DOCUMENTATION
Each delivery shall be accompanied by a Bill of Lading with all necessary documentation in accordance with
international law, which includes:
1. Original Certificate of Deposit
2. Four (4) Copies of commercial Invoices in favor of Buyer
3. Certificate of Origin
4. Certificate of Legal Ownership
5. Internationally Accepted Assay Certificate
6. Certificate of Insurance
7. Export Permit – Export License
8. Bank Warranty of Delivery
9. Custom Duty Seller’s Certificate stating that the refined Bullions are free and clear of all liens and
encumbrances and freely
tradable and exportable and is of no criminal origin
10. Warehouse Receipts
11. Certificate of Weight List describing each bar as follows:
• Serial Number as stamped on each bar
• Fineness as stamped on each bar
• Raw Weight as stamped on each bar
• Total Weight as stamped on each bar
• Receipt of Custom Duties and Taxes
12. Packing list
PURCHASE PRICE:
The agreed reference purchase price is the quoted price of the second “LBMA” Second Fixing on the day of purchase.
MODE OF PAYMENTS:
Full payment to the seller as per invoice with good clean, cleared funds either by standard Swiss Procedure to seller’s
designated bank account/s or other methods mutually acceptable to the bullion officers.
Irrevocable Master’s Bank Pay Order shall be Integral part of the Contract with full Bank Instructions and Full
Authority to pay to the Seller and its beneficiaries covered in these transactions.
TRANSFER OF OWNERSHIP
Transfer of Title and Goods shall take effect immediately in favor to the buyer, upon receiving clean, clear funds into
the seller’s bank account.
NON-CIRCUMVENTION, NON-DISCLOSURE:
All parties hereto irrevocably and covenant not to circumvent any person or company or entity involved in these
transactions directly or indirectly, by any means or device or any manner whatsoever. It is further agreed and
covenanted that this transactions shall in no way to be divulged or revealed to any party outside the confines of this
transactions. This non- circumvention and non-disclosure shall be in accordance with the requirements of
International Chamber of Commerce (ICC) Paris, France and shall be enforceable for (5) five years from the dated
hereto.
This FCO Issued by the seller /seller representative shall supersede any and all prior offer. This FCO is valid until for 7
days and subject to renewal at the option of the seller otherwise this FCO shall become expired, null and void. No
changes, alterations, or substitutions shall be permitted unless the same shall be notified in writing and signed by
both Parties.
The Further Terms in the draft contract, upon being signed by the parties, will replace the FCO.
IMPLEMENTATIONS AND PROCEDURES:
1. NCND Agreement is prepared and signed by all parties involved.
2. SELLER sends F.C.O to the BUYER OR BUYER’S MANDATE to complete and sign after perusal and acceptance
of all details.
3. BUYER sends L.O.I (LETTER OF INTENT) RWA to the SELLERS MANDATE.
4. After mutual agreement, Buyer or Buyer’s Mandate and Seller or Seller’s Mandate sign and seal the Sales
and Purchase Contract with full banking coordinates. (NOTE: EDT OR FAX COPY IS LEGAL AND BINDING.)
5. Within two (2) Banking days of signing the Sales and Purchase Contract, buyer’s Bank shall provide via MT
799 BY TO BANK TO BANK BEFORE RECEIVED THE POP/ SKR BY MT600 FROM SELLER’S BANK FROM THE
1,000 KG OF GOLD BULLION AGAINST THE TTM, for the First Tranche of 1,000 KG PER MONTH. Upon receipt,
confirmation and acceptance of Buyer’s via SWIFT MT-799 as per agreed verbiage, Seller will submit within
one (1) banking day, POP and SKR via MT600 for entire first tranche, to Buyer’s Bank to verify and confirm
the gold. Buyer may, at his option, choose to perform a TTM at Seller’s location (EUROPE. AND OTHER) or
may choose to have the gold shipped to Buyer’s designated location.
6. Seller shall instruct his Bullion Officer to confirm to Buyer’s Bullion Officer, with full bank responsibility, the
quantity of AU-Metal available and to verify that gold is free from any liens and encumbrances.
7. Upon satisfaction of both Bullion Officers that the Contract can be consummated, the Buyer will instruct his
Bullion Officer to confirm to Seller’s Bullion Officer, the availability of funds to be used as payment and both
Seller and Buyer will instruct their Bullion Officers to complete the transaction.
8. Seller’s Bank will transfer the agreed amount of the Hallmarked Bars for the tranche and subsequent tranches
to the Buyer’s Bank upon receipt of payment via SW/WIRE Transfer within 24 hours, together with the
Transfer of Ownership of the metal.
9. The Commissions will be paid immediately and without delay to each appointed Paymaster or Beneficiary
after each delivery and as per Terms and Conditions of the IMFPA / 3% to be SPLIT 50/50 between SELLER
SIDE 1.5% (Closed) and BUYER SIDE 1.5%.
(A) SWIFT MT-799
WE, [BANK] ____________________________________ HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT
OUR CLIENT, FIN INVESTMENT FUND, AS OF THIS DATE, HAS, _________________________ IN THE ABOVE
REFERENCED ACCOUNT WITH US. WE ALSO CONFIRM THAT THE FUNDS IN THE AMOUNT
OF_______________________, ARE HEREBY IN FAVOUR AND BENEFIT OF
________________________________________________AND THAT THESE FUNDS SHALL REMAIN SO FOR A
PERIOD OF ______________ CALENDAR MONTHS, FROM THE DATE OF THIS SWIFT, FOR THE FULL USE OF THE
BENEFICIARY AS PROOF OF FUNDS.
THESE ASSETS ARE UNRESTRICTED, FREE OF ANY LIENS OR ENCUMBRANCES, CLEAN AND LEGALLY
OBTAINED AND ARE FREELY AVAILABLE TO SERVE AS COLLATERAL/SECURITY FOR AGREED
INVESTMENTS. WE FURTHER CONFIRM THAT THIS CALLABLE, TRANSFERABLE AND ASSIGNABLE BANK
INSTRUMENT IS FULLY OPERATIONAL AND IS VERIFIABLE ON A BANK TO BANK BASIS BY AUTHORIZED BANK
OFFICER .THIS INSTRUMENT BANK IS SUBJECT TO THE UNIFORM CUSTOM AND PRACTICE (1993 REVISION) UNDER
INTERNATIONAL CHAMBER OF COMMERCE PUBLICATION NUMBER 500.
YOURS TRULY,
FOR AND ON BEHALF OF …………………..
AUTHORIZED BANK OFFICER (1) AUTHORIZED BANK OFFICER (2)
FULL NAME: FULL NAME:
TITLE: TITLE:
PIN CODE: PIN CODE:
VALIDITY of S.C.O: "This F.C.O. is valid for Five (5) Banking days from the date of issuance and subject
ISSUANCE OF POP /SKR IN ADVANCE: IF THE BUYER NEEDS TO HAVE THE POP /SKR ADVANCE FROM SELLER TO VERIFY AND CONFIRM THE GOLD
BULLION, BUYER WILL BE REQUIRED TO MAKE A REFUNDABLE INDEMNITY DOCUMENTARY
DEPOSIT (RIDD) SUM OF USD 300,000.00 AGAINST MISUSE OF POP/SKR. YOU KNOW THAT MOST BUYERS ONCE GIVEN
THE POP/SKR WILL USE THE POP TO OBTAIN LOAN FROM BANK OR USE SAME FOR PPP (PRIVATE PLACEMENT PLATFORMS) AND THEREBY
MISUSING THE POP/SKR. IF THIS HAPPENS THE BUYER LOOSES THE USD 300,000.00 RIDD. IF THE BUYER DID NOT MISUSE THE POP/SKR, THE
USD300, 000.00 RIDD WILL BE RETURNED TO THE BUYER AFTER THE VERIFICATION AND CONFIRMATION OF THE GOLD BULLION WITH THE BANK.
