GOLD BARS 99,99%

OBJECT: GOLD BARS

 hereby represented by Mr.

 offers to sell GOLD BARS,
As described below:

PRODUCT NAME AND DESCRIPTIONS:

 1 - COMMODITY: GOLD BARS – 200kg.
2 - PRODUCT: GOLD IN BARS- 200kg.
3 - ORIGIN: GHANA
4 - PURITY: 99,99%
5 - QUANTITY: 500 kg SPOT CONTRACT 60 months of 200 kg per months
6 - PRICE: LBMA per kg - Commercial Dollar Exchange Rate Day
7 -DELIVERY : DUBAI - CIF
8 – DISCOUNT : 10% GROSS: 10%
NET: 7%
COMISSIONS: SELLER- 1%
BUYER – 1%
INTERMEDIORS – 1% (INTER.SELLER – 0,50% & INTER.BUYER- 0,50%)


QUANTITY:

1. The total contractual quantity under the terms of this Agreement is a minimum quantity of Five hundred (500kg) per month with terms and conditions revisable and with possible rolls & extensions of over TWO hundred kilograms monthly (No maximum quantities but not less than Five hundred kilo’s (500 kg’s) with a 12 (Twelve) month contract.
2. This will be priced at USD $ 10% less based on LBMA afternoon fixing price day same of the assay, delivered upon a satisfactory delivery of the previous lot and upon satisfactory payment settlement to seller.
3. Each delivery shall be made regularly according to Buyer’s delivery schedule; each delivery must be made to buyer’s destination.

4. PRICE:

1. The total contract amount under the terms of this Agreement is a minimum amount of five hundred (500 kg) per month to the terms and conditions which may be reviewed and possible rolls and more than five hundred monthly kg extensions (No maximum amounts but not less than five hundred kilograms of (500 kg) with a (Sixty) 60 month contract.
2. This will price of $ 10% less based on the LBMA day later fixing of same assay prices, where 100% of purity (999.9%) delivered by a suitable delivering the previous batch and satisfactory settlement payment to salesman.
3. Each delivery should be done regularly, according to the buyer's delivery schedule; each delivery must be made to the buyer's destination.
Commissioners:
Name:
Surname:
Nationality:
Passport N°:
Signature:

TERMS OF PAYMENT:

1. Full payment of the total amount of gold is required by the seller to the buyer after the gold is refined in Refiner indicated by the buyer
2. Payment of Monthly contractual of a minimum quantity of Five hundred (500kg) under the terms of this agreement shall be made upon completion of Final Assay Report from designated refinery within maximum of 3 business days (business day include Ghana business days and/or Ghana business days and/or supplier’s country of origin business days, or working days, being not a public holiday in these countries) after the Final Assay Report which is issued by there finery.
3. The payment shall be made upon presentation of the documents requested and listed below in favors of the Seller.
4. After assay the gold will be kept in a safe place.
Documents list:
1. Commercial Invoice: issued by
2. Seller: 2 originals and 2 original copies showing Contract Number, description of Goods, packing list, unit price, total amount, and gross/net weights of the goods.
3. Certificate of Analysis report issued by the agreed laboratory recognized worldwide.

ASSIGNMENT:

The Buyer (the “Assignor”) may transfer this Agreement to a new party (the “Assignee”), being noted that this original Agreement stays intact and that the Assignor shall only transfers rights, benefits and liabilities under this Agreement.

NOVATION:

The Buyer may also replace this Agreement (the “Novation”) with another Agreement, either between the same parties or others, being noted that the consent of all parties is required prior any Novation, with
complete acceptance of the liability by the new debtor, the acceptance of the new debtor by the creditor, and the acceptance by the outgoing creditor of the new contract as full performance of the old contract.

TERMS OF DELIVERY & PROCEDURES:

Upon signing of contract by both parties, Buyer and Seller must agree and/or perform the following obligations in not more than three (3) business days.
1. The delivery terms for this Sales and Purchase Agreement shall be on CIF as mutually agreed.
2. As per Agreement and/or Commercial Invoice:
3. Within maximum of 5 days, after signatory of this Agreement and the confirmation of the payment, the Seller shall commence the shipment of the gold Dore bars to the Buyer’s agreed destination, according to the agreement.
4. The export taxes, export documentation, freight cost and other expenses during export to the Buyer’s destination to be borne by the Buyer, However;
5. Prior to Aircraft Departure from Point Of Origin, Seller shall notify Buyer, Date of expected Departure and Arrival Date and Time, the Buyer shall clear the Import Customs duty and other VAT taxes applicable at Destination airport.
6. Gold delivery the Seller behind monitor the cargo from the output of the mining company until the delivery of the gold Refining during the period mentioned in
here in this document so for this purpose will be required to pay the plane ticket and hotel room nights during the finalization of selling gold
8.
9. Buyer on behalf of Seller, shall clear the shipment through Customs, and complete the delivery to his destination.
10. Buyer is responsible for all charges at his Nominated destination.

NOTICES:

Any and all notices required to be given by one party to the other party to this Agreement shall be in writing and by posting the same by certified/recorded post at the address or addresses as stated herein and copied by facsimile or email, directly to the parties referenced herein.
GREETINGS,