GOLD ON CIF. BY PAYMENT GUARANTEE (SBLC, MT760 ETC)
4. COMMODITY DESCRIPTION
The commodity that the seller will sell to the buyer is specified as follow:
4.1. Commodity: Gold Dore Bars
4.2. Delivery Terms: XXX Kg per Month for 12 months
4.3. Origin: Ghana
4.4. Form: Gold Dore 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: 10% less LBMA/Kg GROSS
7% Discount to Buyer
3% Commission to Intermediaries
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, valid for One 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: By Air
4.14. Designated Airport: XXXXXXX XXXXXXXX XXXX
4.15. DOCUMENTS:
a) Commercial Invoice
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 PMMC
4.16. All above documents / certification to be signed, notarized and issued by the relevant issuing
authorities.
5. PROCEDURE
5.1. Buyer and Seller sign the Sales and Purchase Agreement (SPA), where delivery protocol is
delineated. Each page must be initialled.
5.2. Seller after signing contract, shall forward all copies of company incorporation certificates to
Buyer.
5.3. Buyer’s Bank issues operative SBLC via SWIFT MT760 to Seller Financier’s
Bank. The SBLC will be for one year and one day.
5.4. After authentication and confirmation of BUYER’S SBLC, Seller Financier’s
Bank issue operative Performance Bond of 2% to the Buyer Bank.
5.5. Within 21 (twenty-one) banking Days, Seller notifies the Buyer of the first delivery with all
export documents.
5.6. 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.
5.7. Upon final assay at Buyer Refinery, in under 24 / 48 (twenty-four / forty-eight) banking
hours, Buyer transfers payment to Seller’s bank account.
5.8. Upon confirmation of payments, Seller releases ownership to Buyer and the Refinery
releases the Gold to Buyer.
CONTACT: INFO@GOLDDELIVERYSERVICE.COM directly for more information.
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