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LOI-RWA - 500MT (Or MORE) Gold Bullion With Rolls and Extensions
LOI-RWA - 500MT (Or MORE) Gold Bullion With Rolls and Extensions
FINENESS
: 999.9% or better
HALLMARK
: Internationally accepted hallmarks
(Johnson Mathey Hallmarked)
AGE : Less than 5 years
ORIGIN: Canada, North America, Australia etc.
LOCATIONS: Europe, etc.
DELIVERY
QUANTITY
: 500MT (Five hundred metric tons) up
to 2,000MT (Two thousand metric tons) with rolls and
extensions
FIRST TRANCHE
: 500MT (Negotiable)
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BUYER LETTERHEAD
Date: February 04, 2015
PRICE: The agreed purchase price is the quoted price in USD or EUR as set
forth in the latest valid Second Fixing Rate (PM) Issued by the London
Bullion Market Association (LBMA) on the Day-of-Transaction In the event
that the LBMA is not operating on that scheduled day, the price calculation
used shall be based on second LBMA fixing of the next change to last Market
opening day and per tranche
DISCOUNT: 10% gross/7% net discount
COMMISSION: 3% Commission, as stated below: - [1.5% to
Seller Side (CLOSED); 1.5% to Buyers Side].
PAYMENT: All PAYMENTS by clear, clean money of non-criminal origin and
by BG/SBLC + SWIFT/WIRE TRANSFER MT103 within maximum two (2)
Banking days or by acceptable financial instrument to be agreed between
parties.
TRANSPORT DOCUMENTATION
Each delivery shall be accompanied by a Bill of Lading with
all
necessary
documentation
in
accordance
with
international law, which includes:
1. Original Certificate of Deposit
2. Four (4) Copies of commercial Invoices in favor of
Buyer
3. Certificate of Origin
4. Certificate of Legal Ownership
5. Internationally Accepted Assay Certificate
6. Certificate of Insurance
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BUYER LETTERHEAD
Date: February 04, 2015
Warehouse Receipts
11.
Certificate of Weight List describing each bar as
follows:
Serial Number as stamped on each bar
Fineness as stamped on each bar
Raw Weight as stamped on each bar
Total Weight as stamped on each bar
Receipt of Custom Duties and Taxes
2. Packing list
PROCEDURE:
SELLERS OPERATIONAL STANDARD NOT NEGOTIABLE BUT
OPTIONAL (A, B OR C) SELLING PROCEDURES.
NOTE: BUYERS ARE URGENTLY REQUIRED TO CHOOSE ANY
ONE OF THE BELOW GIVEN OPTIONS A, B, C AND D SALES
PROCEDURES TO CLOSE THE DEAL. SELLER WILL ISSUE AN
OFFICIAL FCO AND SPA TO THE BUYER BASED ON ANY ONE
OF THE SALES OPTIONS THE BUYER HAS CHOSEN FROM
BELOW.
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BUYER LETTERHEAD
Date: February 04, 2015
approves
the
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BUYER LETTERHEAD
Date: February 04, 2015
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BUYER LETTERHEAD
Date: February 04, 2015
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BUYER LETTERHEAD
Date: February 04, 2015
(RDD) to the seller's Bank attorney trust account upfront before the TTM for
issuance of the SKR/POP to Buyer for his verification. The partial RDD is
U.S. $250,000.00 which will be refunded after the TTM or deducted from final
payment of the Gold by the Buyer. But the balance payment of the U.S.
$250,000 will be paid by the buyer or buyers mandate after the buyer or
buyers mandate must have received original copy of the POP/SKR making it
the total payment of the U.S. $500,000.00 RDD and payment to the seller at
the bank by wire transfer less the total RDD paid to the bank where gold is
stored through the bank attorney.
The SKR/POP will be in the name of the seller. The Buyer is able to verify the
SKR/POP after the bank attorney receipt and confirmation of buyer's partial
RDD payment upfront payment.
6. After verification of SKR/POP the Buyer will present his POF (Proof of
Funds) for the first tranche to Seller's Bank during TTM. Seller will invite the
Buyer's Bank Officers along with his team of assayers to inspect the AU in the
Seller's Bank Bonded Warehouse; the inspection will be completed within one
or two weeks depending on the quantity the buyer wants to buy.
7. After completion of verification of the AU, a TTM will be held in the seller's
bank between Buyer and Seller and/or their Bullion Officers for final
transaction.
8. At the TTM the ownership of the Gold/SKR/POP will be transferred
immediately to the Buyer and the funds for the first tranche will move by
swift from Buyer's account to Seller's account simultaneously. In the same
TTM the date and time for the next meeting for transaction of next tranche
will be decided.
9. The Commissions will be paid immediately and without delay to each
appointed Paymaster or Beneficiary after each tranche delivery and as per
Terms and Conditions of the NCND-IMFPA.
(C) ISSUANCE OF POP/SKR IN ADVANCE:
If the buyer needs to have the POP/SKR from seller to
verify and confirm the gold, buyer will be required to pay
an Indemnity Refundable Deposit (IRD) of US $500,000.00
against misuse of POP/SKR to the sellers bank, bank
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BUYER LETTERHEAD
Date: February 04, 2015
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BUYER LETTERHEAD
Date: February 04, 2015
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BUYER LETTERHEAD
Date: February 04, 2015
January
, 2013
________________________
Buyers Full Name: Mr.
PASSPORT N:
DATE OF ISSUE:
EXPIRATION DATE;
NOTE:
For your information the refundable U.S. $500,000 IRD
security deposits to the bank where our gold is deposited
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BUYER LETTERHEAD
Date: February 04, 2015
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