GOLD BULLION - FULL CORPORATE OFFER

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.         

FULL 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 than 3 years.

ORIGIN                                                : Mali/ Burkina Faso

LOCATION                                        : HSBC London

DELIVERY                                         : CIF at Buyer’s designated place

QUANTITY                                        :  5 MT.  WITH ROLLOS & EXTENSIONS .

FIRST TRANCHE                             :  1 MT.  GOLD BULLION BANKARED

SUBSEQUENT TRANCHES           : To be agreed between Seller and Buyer.

DURATION                                       :   POSIBLE 12 months

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                                         : 11% gross/ 8% net discount

COMMISSION                                   : 3.0% Commission, as stated below:

  1.5% to Seller Side (CLOSED), 1.5% to Buyer’s Side 

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

2.      Packing list

PROCEDURES:

 1.Seller agrees to issue Full Corporate Offer (FCO) with banking coordinates and contract number to end Buyer, valid for 5 days.   

2. Buyer or Buyer’s Mandate agrees to sign and seal FCO as acceptance of terms and conditions submit Draft Sales and Purchase Contract for Seller’s approval or amendments if any and submit signed and sealed IMFPA for Seller’s acceptance.    

3. 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.   

 4. Within two (2) Banking days of signing the Sales and Purchase Contract, Buyer’s Bank shall provide an operative POF via MT799 for the first tranche standing as payment collateral for the entire first tranche. Upon Seller’s Bank receipt, confirmation and acceptance of Buyer’s POF via MT799   as per Seller’s verbiage, Seller submits in one (1) banking day POP and SKR via MT600 for the entire first tranche to Buyer’s bank to verify and confirm the gold.   Buyer may choose to perform TTM at Seller’s location (Europe, Honk Kong or Korea) OR they can choose to have gold shipped to Buyer’s designated location.   

5. Seller shall instruct his Bullion Officer to set up an appointment with Buyer’s Bullion Officer in the Bullion Depository to verify the AU metal, the quantity available and to verify that gold is free from any liens and encumbrances.   

6. Upon satisfaction of both Bullion Officers that the Contract can be consummated, the Buyer will instruct his Bullion Officer to confirm the availability of funds to be used as payment and the Seller and Buyer will instruct their Bullion Officers to complete the transaction.

7. Buyer will transfer the agreed amount of the Hallmarked Bar tranche and subsequent tranches to the Seller’s Bank via SWIFT/WIRE MT103 Transfer within 24 hours against the Transfer of Ownership of the metal.  

8.  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.

(A)        SWIFT MT-799

WE, [BANK] HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT OUR CLIENT, [NAME], AS OF THIS DATE, HAS ,  [AMOUNT] 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 to International Market Price variations, as well as the availability of the commodity if not accepted by expiration date."   

"ACCEPTANCE OF F.C.O. BY BUYER”

We, the Buyer, _________________________________ are Ready, Willing and able to buy the AU   Hallmarked Gold Bullion  (12.5Kg )offered in this F.C.O. which is returned to you duly signed and sealed as acceptance of the terms and conditions printed herein.

Signature/Seal of Buyer

Name of the buyer        :

Passport Nº                      :

Company Name             :

Country of Issue            : 

Date    

Yours Sincerely,

Signature/Seal of Seller  

Owner’s Full Name:

Passport Number:    

Country of Issue: Switzerland                                                                 -------------------- END OF THE PAGE ------------------