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Gold(Au) Bars/Nuggets 2018-05-12
 
1. COMMODITY/ORIGIN:

1.1. Name: Gold (Au) Bars/Nuggets.

1.2. African Origan

2. SPECIFICATION:

2.1. Form: Bars / Nuggets

2.2. Purity: Au 95% +.

2.3. Assay: Final Assay to be made at the Buyers Government Registered Refinery and both parties will accept the final value.

3. QUANTITY:10~100kg First Shipment.

3.1. The Buyer and the Seller will agree the said quantities for the Contract.

4.DELIVERY:

4.1 CARGO ARRIVALS at International Airport.

4.2 Transaction & Delivery Procedures:

1, Seller send SCO.

2,Buyer, approves.

3,Sellers, sends SPA and both parties sign and lodge with their banks..

4,Buyer, Bank sends MT799 Pre-advise to Sellers Bank,

5,Seller Bank Officer Confirms.

6,Buyers, Bank issues MT760 for complete Shipment.

7,Seller, bank confirm SBLC and begins to prepare shipment documents and goods to Buyers Airport,

8,Buyer, accepts Goods and pays all charges and Taxes in receiving Country.

9,Seller, receives payment no later than 48hrs

10,Buyer, receives all Title Documents as soon as Payment is confirmed.

5. PAYMENT:

5.1. By SBLC from Top 50 World Banks.

6. PRICE: minus 7% Gross LBMA second fixing.

6.1 Selling Price: The selling price payable by the Buyer to the Seller is based on LBMA Second Fixing price per kg , in United States Dollars per kilograms.

6.2. Final PRICE settlement for Payment: The final price for payment will be determined from the latest second fixing price of LBMA for Gold, minus 7% Gross 5% Net (Commisson 50/50 Split ) discount at the day of the final assay report from the Buyer’s refinery,

This value will be the Unit Price for payment by the release of MT103 or T/T Wire Transfer for the total final quantity and quality directly to Sellers account, and this should not be more than 48 hrs after delivery. And on receipt Seller pays commission.


7. DOCUMENTS

7.1 Each shipment and delivery shall be identified with the Transaction Code, Seller’s Code and Buyer’s Code stipulated herein and shall be accompanied by the following Proof of Product


Documents listed hereinafter.

1. Commercial Invoice in favor of the BUYER/Refinery Importer (3 Originals).

2. Certificate of Origin(1 Original)

3. Customs Declaration Certificate (Original)

4. Original Assay Report(1 Original)

5. Certificate of Movement, declaring that the Gold is free and clear and of non-criminal origin,

unencumbered and free of any liens, and is transferable and exportable. (1 Original)

6. The Seller Title of Ownership

7. Certificate of Insurance

8. TRANSFER OF OWNERSHIP:

8.1 The Gold shall remain the property of the SELLER, until paid for in full.

9. CHARACTERISTICS OF GOLD BARS:

9.1 Deleterious Elements in Refining Material:

In the following, is the most common impurities in refining result are
accepted and limits are formulated below to which are alluvial Gold Bars is acceptable without additional amounts being charged to the SELLER.

These limits are to be considered as indications by the refinery and have to be re-evaluated depending on the alluvial Gold Nuggets and the process of refining it is destined for.

CLASS 1: Impurities which are personally and environmentally hazardous.

ELEMENT SYMBOL ACCEPTABLE LEVELS

Radioactive None

Mercury Hg None

Arsenic As 100 ppm Maximum

Cadmium Cd 100 ppm Maximum

CLASS 2: Impurities which can disturb the refinery process, as well as influence the environmental protection processes.

ELEMENT SYMBOL ACCEPTABLE LEVELS

Lead Pb 3% Maximum

Tin Sn 3% Maximum

Selenium Se 500 ppm Maximum

Tellurium Te 500 ppm Maximum

Bismuth Bi 100 ppm Maximum

Antimony Sb 100 ppm Maximum

These are other elements, which may be present in refining alluvial gold dust, that do not have hazardous properties or disturb the processing significantly if present in minor quantities, but may disturb the homogenization and sampling due to the fact they produce a heavy segregation when the metal solidifies.

These elements in particular are:

ELEMENT SYMBOL
Iron Fe
Nickel Ni
Cobalt Co

BG is also acceptible as payment guarantee,
or 15% deposit is also acceptible.

Please email to sales@petrofinder.com with LOI with banking.

Kindly note, We don’t accept any sanitized docs and only End buyer.

Petrofinder

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