Gold / Silver / Minerals (Buyers) Published date: July 6, 2019

I. OPTION 1 - CASH & CARRY / F.O.B. GHANA
a. This is our first choice of transaction.
b. Buyer arrives in Ghana under Seller’s invitation.
c. Seller makes the gold available for viewing and testing at a mutually agreed upon Refinery, and buyer shows proof of funds before assay is conducted
d. Buyer makes payment after testing and sealing.
e. Seller transfers Title and Ownership of the gold to the Buyer.

II. OPTION 2 – QUASI CIF
a. Buyer arrives in Ghana under Seller’s invitation.
b. Seller and Buyer arrange a meeting to establish the terms and conditions of the Quasi CIF transaction.
c. In this instance a deposit is payable by the Buyer after testing. Parties agree on the amount.
d. Seller makes the gold available for viewing and testing at a mutually agreed upon Refinery.
e. Buyer seals the consignment after testing.
f. Seller and Buyer place the sealed (by Buyer) consignment in a Secure Warehouse under Joint Custody OR at Fidelity Bank under Joint Custody.
g. Seller waits for buyer to make payment of the agreed upon deposit.
h. Export documents are applied for as soon as Deposit clears in the Bank.
i. Seller and Buyer Party depart for Buyer’s Destination Refinery.
j. Gold will be tested, and Buyer pays for Nett Weight of Pure Gold MINUS the advance deposit made.
k. Seller transfers Title and Ownership of the gold to the Buyer after payment confirmation.

III. OPTION 3 – CIF
a. Seller and Buyer sign a Sales Purchase Agreement.
b. Buyer issues an approved Bank Instrument as guarantee for payment to the Seller’s nominated bank.
c. Seller delivers gold within 10 Bank Days of issue of the Bank Instrument.
d. Gold is refined at Buyer’s Destination Refinery.
e. Buyer pays for Nett Weight of Pure Gold.
f. Seller transfers Title and Ownership of the gold to the Buyer after payment confirmation.

IV. SHIPPER
Stelna Solutions Limited is our preferred Shipper in Ghana or better as brinks don't operate here in Ghana.
You may view their profile on the internet.

V. BANK INSTRUMENTS – IN ORDER OF SELLER PREFERENCE
a. ESCROW with Zenith Bank in Ghana
b. Operative Standby Letter of Credit.
c. Bank Guarantee.


The verbiages of these instruments will accompany this Memo for ease of reference.

VI. PRICE
LBMA minus 15% GROSS and LBMA minus 12% NETT for CIF transactions.
The price may be negotiated favourably for Cash & Carry/FOB transactions in Ghana.

VII. SPECIAL NOTES
a. Please be respectfully informed that we do not entertain “Trial” deliveries. If a Buyer wishes to test the export process, he / she is more than willing to purchase such a “Test Tranche” for cash in Ghana and insodoing, carry out the desired exercise.

b. The minimum quantity of gold to be sold after receipt of a Bank Guarantee, will be 100 kgs. Our Financiers do not wish to entertain smaller Bank Instruments.
The shortest term for a Bank Instrument to be issued to our Financier, will be 6 months and a maximum period of 12 months. Rolls and Extensions will be entertained. Any requests for a 5-year Delivery Contract will be frowned upon.

Prices and procedures
We do MT760

Then seller pays all shipping costs and taxes ...

Origin is Ghana
Purity : minimum of 95%
Quantity : Buyer's preference

I can offer LBMA minus 15% NETT



We don't release any documents before LOI is issued...no pictures or docs to mandates.

The LOI should have buyers letter head ...that's the only time seller will entertain you.

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