This termsheet outlines the details of a gold bar sale between Mr. Thierry Catherine and Mr. Aboobakar Siddique Karamuth. It involves the sale of 500kg of gold bars at a 9% gross discount and 6% net discount based on the LBMA gold price fixing on September 14, 2022. The sale is a spot deal with weekly discussions planned to establish a potential supply contract. Assay reports will be provided at the buyer's refinery in the UAE. Seller and buyer commissions of 1.5% each will be paid.
This termsheet outlines the details of a gold bar sale between Mr. Thierry Catherine and Mr. Aboobakar Siddique Karamuth. It involves the sale of 500kg of gold bars at a 9% gross discount and 6% net discount based on the LBMA gold price fixing on September 14, 2022. The sale is a spot deal with weekly discussions planned to establish a potential supply contract. Assay reports will be provided at the buyer's refinery in the UAE. Seller and buyer commissions of 1.5% each will be paid.
This termsheet outlines the details of a gold bar sale between Mr. Thierry Catherine and Mr. Aboobakar Siddique Karamuth. It involves the sale of 500kg of gold bars at a 9% gross discount and 6% net discount based on the LBMA gold price fixing on September 14, 2022. The sale is a spot deal with weekly discussions planned to establish a potential supply contract. Assay reports will be provided at the buyer's refinery in the UAE. Seller and buyer commissions of 1.5% each will be paid.
Spot vs. Supply Contract / Spot vs contrat Spot deal
Quantity / Quantite 500 KG
Five Hundred Kilogram Contract duration / Duree de contrat To be discussed after spot deal for 500Kg weekly Specification / Specification ASSAY REPORT AT BUYER’S REFINERY IN UAE COMMISSION Seller’s side – 1,5% paid by the seller Buyer’s side – 1,5% paid by the buyer Paymaster buyer side Thierry Catherine Beneficiaries / Beneficiaries Mr. Aboobakar Siddique Karamuth – 0.75% Mr. Thierry Catherine – 0.75%