GOLD REFINERY PROCEDURE
FULL CORPORATION OFFER
IS NECESARY THE ACCEPTANCE OF PROCEDURE
We hereby confirming with full corporate responsibility under the penalty of perjury,
that the seller is ready, willing and able to sell the offered “AU” Bullion Bars
Commodity, according to the terms and conditions stated below.
1. PROCEDURE DESCRIPTION
COMMODITY : Gold
FORM : Gold Bars
FINENESS : 99% or better
ORIGIN : ÁFRICA (Ghana, Serra Leoa, Camerron etc)
LOCATION : Ghana
DELIVERY : CIF or FOB
QUANTITY : Agreed between Buyer and Seller
FIRST TRANCHE : 50-1000 Kg
SUBSEQUENT TRANCHES : 50-1000 Kg
DURATION : 1-60 MONTHS
PRICE : The agreed purchase price is the quoted price
in USD as set forth in the latest valid Second
Fixing Rate (PM) Issued by the London Bullion
Market Association (LBMA) on the Day-ofTransaction.
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 : 10% gross/7.0% net discount
COMMISSION : 3.0% Commission, as stated below:
1.5% to Seller side (CLOSED),
1.5% to the Buyer’s Side (Open)
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.
2. PROCEDURES
- Buyer sends SBLC (Bank Guarantee)
- The seller will be responsible for all fees, taxes, transport and insurance until the
arrival of Airport gold buyer.
- The buyer will be responsible for the gold coming into your country (customs duties)
and transportation to their refinery.
DETAILS OF THE DELIVERY OF PROCEDURE: CIF
The operation is being performed as an "Off-Market Private Transaction" managed
exclusively within the banking system.
The procedures are fully compliant database and have been approved by the host Seller
Bank. The processes are generally as follows:
a) Buyer appoints the destination for the delivery of the first installment.
b) The seller approves the destination specified by the buyer.
c) Following the adoption of the delivery destination by Buyer and Seller, this contract
will be signed and copy exchanged between buyer and seller by email considered as the
original copy.
d) The buyer along with your office bank will send proof of funds letter of credit
directly to the seller's bank bank agent.
e) Within one (1) banking international business days of the Bank's confirmation
guarantee the seller, the seller must instruct tested and reliable shipping company
named for the first shipment out of the total refinery buyer designated
f) The seller will deliver the gold at the airport as contract and from that time, the
buyer will be responsible for gold for the country and, as the transport gold to buyer's
refinery
g) Upon completion of the test at the refinery designated by the buyer, the buyer must
send a copy of the test report to the seller by e-mail address or fax.
h) within one (1) business days after the end of the trial the buyer must transfer the
payment of the first installment, according to what appears in the test report to the
designated bank account of the seller and the seller shall instruct the Agent transport
that accompanied the expedition to liberate the gold bars to the buyer and transfer the
title on behalf of the buyer or his representative.
i) At the time of final payment to the seller, the buyer shall deduct the amount agreed as
commission and deposit the amounts according to the NCND signed with mandates and
intermediate data.
delivery process:
- Seller sends FCO to the buyer.
- Buyer send LOI to the seller
- The seller sends SPA agreement with NCNDA contracts for all involved in the
commissioning signal.
- With contracts signed, the seller and the buyer submit their contracts with their banks
- Buyer sends Bank Guarantee Bank seller to the first portion (500 kg)
- After one (1) business day of confirmation of the bank guarantee, the seller confirms
with your shipping company to send the gold to the contracted site
PROCESS OF PROPERTY TRANSFER:
1) Upon arrival at the Airport Free Zone Buyer before the custom clearance procedure
with the coordination of the refinery, gold shipment will be recorded in the seller
Name.
2) gold shipment will be properly marked, the original bill of gold will be signed with
the number of cargo tracking.
3) The property will not be changed and can not be changed until the final payment and
full of the purchase money will be carried out according to the test report by Swift.
bank transfer to the designated bank account of the seller, bank to bank.
4) customs clearance costs and import charges and costs for safe and secure
transportation from the airport location to the location of the refinery will all be
covered by the Buyer.
5) The seller / owner or his representative will be asked to approve and
acceptance and confirmation and approval of the test report and published its
definition of components contained for gold semi refined.
6) To start the payment procedure gold fineness / purity should be allowed from
salesman.
7) After confirming the seller / Essay purchase Report buyer cash owner
payment procedure can begin. Normally, bank transfer, at the base of the bench,
optionally order other special request for payment must be negotiated and should be
approved as an annex to this document FCO.
8) After full payment of the certificate will be issued for the transfer of ownership.
basic options for the transfer of ownership:
A: The seller / owner had agreed to automatically transfer property under condition of
full payment and after the bank confirmation that the seller / owner received the full
amount of payment purchase money according to the contract and according to the test
report I accepted and authorized.
B: The seller / owner shall be authorized document to the dealer. The representative of
the seller / owner will be present throughout the process of smelting / refining.
Moreover, after the acceptance and approval of the representative of the seller test
report / owner will also the necessary authorization for the transfer of ownership.
NOTICE TO BANK buyer / purchaser. electronic copy or FAX IS LEGAL / Binding:
PAYMENT TERMS & Payment Guarantee
1) Within two days (1) Bank of signing the Sales and Purchase Agreement, the buyer
must provide the Bank via MT 799 TO NEAR bank to bank is the first installment of 500
kg per month. Upon receipt, confirmation and acceptance of the buyer via SWIFT MT-
799 in accordance with agreed wording. Payment will be made via MT 103 within 48
hours of testing on Refinery Buyer.
2) To pay the seller should be made by bank transfer SWIFT to the designated bank
account of the seller within 24/48 bank hours after the final test and after satisfactory
completion of the refining and simultaneous transfer of the Gold title (ownership).
3) At the same time the buyer pays the seller, you must authorize the payment to the
commissioners described in NCNDA attached to the SPA Agreement
