Gold / Silver / Minerals (Sellers) Published date: March 3, 2020
Modified date: March 11, 2020

4. COMMODITY DESCRIPTION
The commodity that the seller will sell to the buyer is specified as follow:
4.1. Commodity:AU – Dore Bars (Gold)
4.2. Delivery Terms: 500 Kg per Month for 12 months Revolving Contract.
4.3. Origins:WEST AFRICA (Ghana/Burkina faso/Togo/Mali/DRC/Guinea Conakry/Uganda
forfurther CIF deliveries

4.4. Form: Gold Bars
4.5. Quality:Delivered at 22+ Carats (as per Certificate of Analysis at origin)
4.6. Fineness:Delivered at 92%+ Purity per thousand of the fine Gold or better (as per Certificate of Analysis / Assay at origin)
4.7. Price:Twelve Percent (12%) less LBMA/Kg (Gross: 12% - Net: 10% - Intermediates: 2%)
4.8. Payment: By SWIFT based upon the final Assay Report via MT-103 Wire Transfer.
4.9. Payment Guarantee: Confirmed Standby Letter of Credit (SBLC), via Swift MT-760, validforOne Year and One Day.
4.10. Validity of SBLC: One Year and One Day.
4.11. Quality: 22+ Carats
4.12. Packaging: Internationally Accepted Metal box
4.13. Delivery: CIF Buyer’sRefinery
4.14. Designated Airport: To Be Determined
4.15. DOCUMENTS:
a) Commercial Invoice notarised at chamber of commerce of shipping country
b) Packing list
c) Certificate of origin
d) Certificate of Ownership
e) Export Certificate (Export Permit)
f) Airway Bill
g) Declaration that the goods is free and clear of encumbrance and of none criminal origin and source (Letter confirming that the Gold is from a non-conflict zone and thus the purpose of selling the gold is not to finance any rebellious organization in a conflict zone)
h) Certificate of Assay from Geological Survey Authority

4.16. All above documents / certification to be signed notarized and issued by the relevant issuing authorities.
5. PROCEDURE
5.1. Before signing the Contract, the Buyer sends the Seller an Authorization To Verify (ATV) on his letterhead authorizing the financial partner to check his financial capacity in his bank, a copy of which is attached to this sales Contract. In the meantime Seller send to buyer an Authorization To Verify (ATV) on his letterhead authorizing the financial partner to check his financial and comoditties supplying capacity in his bank, a copy of which is attached to this sales Contract
5.2. Buyer and Seller sign the Sales and Purchase Agreement (SPA), where delivery protocol is delineated. Each page must be initialed.
5.3. Seller after signing contract, shall forward all copies of company incorporation and mining certificates to Buyer.
5.4. Upon successful delivery of the 5kgs collateral to the Buyer against the issuance of an SBLC for monthly shipments of 200Kg of gold for One (01) Year.
5.5. Buyer’s Bank issues aRWA via MT799 to issue the SBLC via SWIFT MT760 to Seller Financial Bank. The SBLC will be for one year and one day.
5.6. After receipt and authentication of the RWA, Seller Financial Bank confirms via MT199/799 readiness to receive the SBLC via SWIFT MT 760.
5.7. Buyer Bank issue the SBLC via SWIFT MT 760 to the Seller Financial Bank.
5.8. After authentication and confirmation of the SBLC, Seller Financial Bank will issue operative Performance Bond of 2% to the Buyer Bank.
5.9. Within 10 (TEN) banking Days, Seller notifies the Buyer of the first delivery with all export documents.
5.10. Upon Buyer’s confirmation of readiness, Seller flies together with the Gold to Buyer’s choice of destination where Buyer shall wait for Seller at the Airport to clear and handle all import taxes as well as further fees related to Gold delivery to Buyer Refinery. All export costs of the Gold from Seller’s Country to Buyer’s designated Country Airport, shall be borne by the Seller; and all cost from Buyer’s designated Country Airport to Buyer Refinery shall be handled by the Buyer.
5.11. Upon final assay at Buyer Refinery, in under 24 / 96 (twenty four / ninety eight) banking hours, Buyer transfers payment to Seller’s bank account.
5.12. Upon confirmation of payments, Seller releases ownership to Buyer and the Refinery releases the Gold to Buyer.

• Company Name: ADWENPA CONSULT
• Country: GHANA

Send a message to this company

You need to log in or register to send a message to this company from the website.

         

NCNDA.org - Important information

• - This website is NOT associated with any user registered here!
• - Never pay anyone by Western Union, Moneygram, or another payment system.
• - Contact us about a user who sends scam offers. This account will be blocked.