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  • Letter of Intent for Gold Bullion Purchase

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    daeng cool
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    This letter of intent outlines a proposed transaction between a buyer mandate and seller for physical gold. The buyer intends to purchase approximately 9,500 metric tons of gold bullion bars per month from the seller. The gold would be delivered to a secure warehouse in Zurich, Switzerland. The parties would then follow the Swiss procedure: the buyer would assay the gold, both parties would sign price protocols, and the buyer would pay the seller before taking possession of the gold. The purchase price would be the LBMA London Fixing for the day minus a 10% gross discount and 3% total commissions. The letter requests the seller's signature to accept the terms.

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    loi

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    LOI Mr

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    This letter of intent outlines a proposed transaction between a buyer mandate and seller for physical gold. The buyer intends to purchase approximately 9,500 metric tons of gold bullion bars per month from the seller. The gold would be delivered to a secure warehouse in Zurich, Switzerland. The parties would then follow the Swiss procedure: the buyer would assay the gold, both parties would sign price protocols, and the buyer would pay the seller before taking possession of the gold. The purchase price would be the LBMA London Fixing for the day minus a 10% gross discount and 3% total commissions. The letter requests the seller's signature to accept the terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Flag for inappropriate content
    405 views2 pages

    Letter of Intent for Gold Bullion Purchase

    Uploaded by

    daeng cool
    This letter of intent outlines a proposed transaction between a buyer mandate and seller for physical gold. The buyer intends to purchase approximately 9,500 metric tons of gold bullion bars per month from the seller. The gold would be delivered to a secure warehouse in Zurich, Switzerland. The parties would then follow the Swiss procedure: the buyer would assay the gold, both parties would sign price protocols, and the buyer would pay the seller before taking possession of the gold. The purchase price would be the LBMA London Fixing for the day minus a 10% gross discount and 3% total commissions. The letter requests the seller's signature to accept the terms.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
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    of 2

    FB Frank Brenner

    Commodities + Consulting
    Im Oberen Tal 22, D-74858 Aglasterhausen, Germany

    Page 1 of 2
    owner: Mr. Sutanto To Seller
    Mandate: Mr. Sayaiful

    via: General Projektmanager Mr. Hüseyin Acikgöz, Maastrichter Str. 6-8, D-


    50672 Köln, Germany
    Tel. +49-176-63-11-61-49, email: info@gollmann-Immobilien.de

    Letter of Intent (LOI & RWA),


    I, Frank Brenner, Managing Director, the undersigned (please see attached colored passport copy, here
    at page 2), as Buyer Mandate of the Consortium, hereby confirm, with full legal and corporate
    responsibility (incl. full single signature rights) and under penalty of perjury that the Buyer is Ready,
    Willing and Able (RWA) to purchase the Commodity as described below:
    Commodity physically Old Gold
    1 (One) and / or 12.5 (Twelve point Five) KG (Kilograms) Gold Bullion Bars,
    Form
    physically Gold Internationally Accepted.
    Purity / Finenesses Regular purity to expect to be usually 999.5/1000 Fineness and above.
    Hallmark Internationally Recognized Hallmarks, less than five years

    Approximately 9500 MTs (Nine Thousand Five hundred Metric Tons),


    Quantity
    monthly , to be agreed between BUYER and SELLER, and if requested by
    BUYER.
     Seller delivers the Lots of the goods to Zurich-Kloten airport Free zone
    Secure Warehouse Loomis, Steinackerstr. 49, CH-8302 Kloten (Zurich,
    Switzerland), or (if Buyer requested), to Loomis International (DE),
    Seinestrasse 3, D-65479 Raunheim (Frankfurt), Germany, and invites
    Buyer with a “Depository Confirmation Letter” (describing Deposit and
    start time for Assay and Payment).
    Swiss Procedure  Buyer does the Assay (Spectograph equipment),
     after Assay of a Lot, legal representatives of Seller and Buyer sign the
    Price Protocols,
     Buyer initiates the payment (bank to bank MT 103) for the respective Lot
    to Seller following Price Protocols,
     after Payment Seller releases (within 5 minutes) the (fully liftable,
    movable, exportable out of Switzerland) respective Lot to Buyer
    Per Lot LBMA London Fixing at day of purchase minus Gross discount 10%
    Purchase price and (Ten percent), Net for Buyer 7% (Seven and a half percent), Total
    commissions Commissions 3 % (to split 1.00 % Seller mandate side, 1.00 % Intermediary
    1,00 %)

    If needed, Buyer sends SPA to Seller for signing.


    Seller and Buyer (or their legal representatives) meet at Depository to start Assay and Payment, in
    accordance with the international legal regulations within the Gold Business.
    With sincere and best regards, Seller accepted:

    Signature:

    Managing Director & Buyer Mandate


    06 Aug 2019 .............................. 2019
    FB Frank Brenner
    Commodities + Consulting
    Im Oberen Tal 22, D-74858 Aglasterhausen, Germany

    Page 2 of 2

    Buyer Mandate Passport

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