GOLD DORE BAR FOR SALES. ORIGIN AFRICA. CIF - Etats Unis

Selling  N°495918:   06/08/2021 20:26:21
product name : dore bar
quality / purity: 23 carat, 96%+ purity
price: lbma 12% gross discount, 9% net to buyer
commission: 3% with 1% to buyer side , 1% intermediary side and 1%
buyer side / facilitator delivery terms: sblc or mt 700 or bg / mt 103 for
delivery to buyer refinery trial : first lift 1 to 250 kg trial sample, then
subsequent monthly lifts delivered delivery : cif to buyers destination, tba by
buyer.
payment : buyer will issue one of the following guarantee of payment options:
1. top 25 bank revolving swift mt760 sblc / bg valid for 366 days, via swift into seller nominated
fiduciary receiver bank account.
2. mt799 block funds in buyer own bank account.
3. confirmed swift mt700 sight letter of credit on top 25 international bank.
final payment: by mt103 or wire transfer 48 hours after report of final assay report at buyers
destination refinery.

delivery date: first delivery within 20 days from the date seller financier bank
confirm receipt of standby letter of credit (sblc) or mt 700 or bg on seller enclosed
approved verbiage.
1) execution procedure
a) sales purchase agreement (spa to be submitted by seller to buyer within 48
hours of buyer signing this fco.
b) seller and buyer execute spa and deposit with their respective banks.
c) buyer’s bank issues pre advice ready willing and able (rwa) by swift mt799 to

sellers bank confirming readiness to issue standby letter of credit (sblc).
c.) within 48 hours seller’s bank respond via swift mt799, confirming readiness to
fund the instrument as according to contract and also confirm readiness to
receive standby letter of credit (sblc) via swift mt760
d.) within 48 hours buyer’s bank swifts irrevocable, transferable and confirmable
standby letter of credit (sblc) to seller’s bank.
e.) within 10 days upon receipt and confirmation of sblc seller shall issue a 2%
performance bond (pb) to buyer designated account.
f.) within 10days of issuing the pb to buyer, seller prepares the 1st monthly tranche
for shipment to buyer’s nominated destination airport.
g.) before shipment, the gold is assayed at the government approved refinery in
ghana and the assay report, with other shipping documents are sent to buyer
and copies to both seller’s and buyer’s banks.
h.) gold arrives at buyer’s destination airport. buyer shall be responsible for duties
and government taxes at the destination port and buyer shall be responsible for
clearance of the gold to buyer’s destination refinery.
i.) buyer’s refinery conducts a final assay and issues a report to determine the
actual weight and purity of the gold, which will serve as the bases for payment.
j.) based on the final weight of the gold and the final purity of minimum 92% of the
assay, seller will present a commercial invoice for full value of assayed gold.
k.) buyer shall, within 48 hours of receipt of the final assay report and commercial
invoice send payment via swift wire transfer to seller nominated account. failure
on the buyer to make payment to the seller means that the (sblc) will be cashed
after delivery of total quantity of gold.
l.) upon successful delivery of the total quantity on the contract, the seller shall
return the standby letter of credit bank (sblc) back to the buyer,
unencumbered, without any deductions. seller’s agrees to issue a loc (letter of
credit) for the value of each payment, to the buyer, within 48 hours of the
payment of each tranche.
m.) all documents regarding the transaction shall be copied to buyer, seller and
seller financier’s banks for records.