Description
there\'s a SCO within the characteristics are
in terms of quality, quantity, years, discounts, and
sales procedure to analyze it and if it is ok for you please send a
LOI.
PRICE & DISCOUNT LBMA, 2ND FIXING OF THE DAY FROM 1 MT TO **9
MT *2% Gross 9% Net FROM **0 AND MORE *5% Gross *2% Net TO BUYER
FOR PURITY **9.*6 / ***0 (MIN
GUARANTEE BY PRIME BANK BEFORE DELIVERY SWIFT MT **3/**2 ON LEDGER
- TO- LEDGER TRANSFER . PRIME BANK PAYMENT GUARANTEE BY **0%
CONFIRMED, IRREVOCABLE GPI SEMI AUTOMATIC OR SWIFT MT **3/**2 ON
LEDGER-TO-LEDGER TRANSFER WITH EVIDENCE OF: 1/. WHITE SLIP COPY,
2/. BLACK SLIP COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE, 5/.
MT**0, and on the same day
4. WARRANTS & PAYMENT INSTRUCTIONS: WHEREAS the Buyer confirms
with full corporate authority and legal responsibility, that he is
Ready, toissue VIA GPI SEMI AUTOMATIC OR SWIFT MT **3/**2 ON LEDGER
TO LEDGER PAYMENT TRANSFER TO SELLERS NOMINATED RECEIVER FIDUCIARY
DESIGNATED BANK ACCOUNT as a Guarantee of payment to purchase TBA
MT ofthe said Gold Bars. WHEREAS; the Seller also confirms with
full corporate authority and legal responsibility, that he is
Ready, Willing and Able to sell the said Gold Bullion Bars and
provides Proof of Product, via SWIFT MT**0 from the gold CUSTODIAN
BANK, for the quantity of the TBA MT of Gold Bullion to the Buyers
Bank Officer(copied to Buyer) ONLY upon receipt of the Buyers
confirmed and authenticated GPI SEMI AUTOMATIC OR SWIFT MT **3/**2
ON LEDGER TO LEDGER TRANSFER PAYMENT GUARANTEE PROVIDING THE
FOLLOWING TRANSFER DOCUMENTS; 1/. WHITE SLIP COPY, 2/. BLACK SLIP
COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE AND 5/.MT**0 LEDGER
ACCOUNT STATEMENT on the same day to the Sellers Nominated Receiver
Fiduciary Designated Deutsche Bank Account,
6. TRANSACTION PROCEDURES. The Seller and Buyer solemnly agree as
follows for FOB: B.6.A. Seller issues FCO to Buyer. B.6.B. Buyer
returns the FCO signed and sealed to Seller and along with Buyers
LOI. B.6.C. Upon receipt Seller IMMEDIATELY issues Sales and
Purchase Agreement SPA + NCNDA + IMFPAfor Buyer to review, accept,
initialed and return to Seller. B.6.D. Both Parties exchange the
executed the SPA/NCNDA/IMFPA and negotiated SPA filling in
theirrespective coordinates, including but not limited to; banking
information, International color passport copy, Company Trade
License or Company Certificate of Incorporation. B.6.E. SPA is
lodged into both Buyer and Seller Banks. B.6.F. Buyers Bank issues
GPI SEMI AUTOMATIC OR SWIFT MT **3/**2 ON LEDGER TO LEDGER PAYMENT
TRANSFER as Payment Guarantee to Sellers nominated Bank for the
trial delivery of 1 TO 5 MT to be followed by monthly tranche of
TBA MT and buyer sends the following documents for authentication
purposes; 1/. WHITE SLIP COPY, 2/. BLACK SLIP COPY, 3/. REMITTANCE
ADVICE, 4/. DEBIT NOTE, 5/. MT**0, and6/. ECB RELEASE CODE on the
same day. B.6.G. Upon receipt confirmation from buyer\'s On
Ledger-to-Ledger swift confirmation with evidence of Swift
correspondence document, seller will issue a 2% Performance Bond to
buyer against non- performance of the contract and seller draws 2%
from buyer\'s Ledger-to-Ledger account should buyer fails to
perform the contract. B.6.H. Upon receipt and authentication of the
Buyers supplied documents; 1/. WHITE SLIP COPY, 2/. BLACK SLIP
COPY, 3/. REMITTANCE ADVICE, 4/. DEBIT NOTE, 5/. And MT**0, on the
same day, the Seller\'s Gold Bars Custody Bank shall issue to the
Buyer a Depository Confirmation Letter (DCL)along with Authority To
View - ATV AND evidence of Proof Of Product POP via SWIFT MT**0
toBuyers Bank and copy made available by email to Signatory Buyer
only. B.6.I. Within three (3) banking days the Buyer or his
Appointed Agent will be invited by ATV to theVault/Gold Bullion
storage facility of the Custodian Bank, for physical inspection.
B.6.J. After, Post Inspection and acceptable Assay Report, Buyer
instructs his bank to RELEASE paymentfor the Gold Bullion into the
Sellers Nominated Bank Account, via SWIFT MT**3 while the ON LEDGER
TO LEDGER PAYMENT TRANSFER instrument revolves until the entire
quantity is exhausted, with tranches as per refinery schedule, to
be determined. B.6.K. Parties execute the change of Title of
Ownership between Seller and Buyer, upon each settlement. B.6.L.
Seller paysthe Seller Side Nominated Beneficiaries in the IMFPA or
to the Nominated Paymaster ofthe Beneficiaries. Buyer pays the
Buyers Side Nominated Paymaster of the Buyer Beneficiaries. B.6.M.
TRANSACTIONCONCLUDED.
DOCUMENTS: All tranches of au metalshall be accompanied by but not
limited to the following documents: a) Certificate of Purity b)
Weight and size of each Gold Bar c) Certificate of LegalOwnership
d) Serial Number per Gold bar e) Year of manufacture f) Certificate
of Origin and Internationally accepted Assay stamp of the refiner
g) Warehouse Safekeeping Receipt (SKR) from storage warehouse h)
Commercial Invoice and orsimilar made out to the Buyer. i) Packing
list and packing specifications (for uplifting)
TRANSACTION CONFORMITY WITH INTERNATIONAL REGULATIONS: The Seller
and the Buyer each declare to one another that the commodity
offered herein for sale and the origin of the funds used for
purchasing the commodity do not contravene any of the following
LAWSor any other illegal or criminal activity: a) The Drug
Trafficking Act of ***6. b) The Criminal Act of ***8. c) The
Prevention of Terrorism (Temporary Provisions) Act of ***9. d) The
Criminal Justice (International Cooperation) Act of ***0. e) The
Criminal Justice Act of ***3. f) Trade Secret of ***9: Economic
Espionage Act of ***3 [*8 U.S.C. ***9 (3)] g) The Anti-Terrorism
Act and the Patriot Act l and ll.
