Procedure
Option
# 1 1.
The buyer authorizes the seller to conduct a soft probe between the
respective bank officers. 2.
The seller comes to 3.
Once in Italy, the seller will be accompanied to a notary (the seller
may indicate one of his choice, in consultation with the embassy of his
country in Italy) to prepare a Notary act in favour of seller, which
document gives to the seller the right for collecting the payment of the
stock related to the transaction in question, against the presentation
of the documents displayed on the contract. By the occasion, the same
contract will be signed between the two parties, in front of the Notary.
Whole documentation
will even be able to be authenticated by the Embassy of the seller’s
country. 4.
The seller calls his people and gives them the disposition for shipment. 5.
Buyers and sellers wait the goods and assist to the essay in the
refinery. 6.
Sellers and buyers go to the buyer’s bank to arrange the payment for
the goods against the transfer of the title of ownership. Procedure
Option
# 2 Delivery
CIF to an LBMA approved Facility, assay is done and payment is against
Transfer of Title of Title of ownership. Procedure
Option
# 3 Delivery
CIF to
Each
delivery shall be accompanied by:
Purchase price is agreed at LBMA (2nd Fix) less (10 % OR GREATER ) on refined Gold quantity and Buyer will pay for the total cost of Gold to Seller’s bank account within 72 hours (3 days). All Payments being made under this Contract shall be in United States Dollars to any bank nominated by the Seller after final confirmation from Buyer’s Refinery. Sellers please Click and Read this information before you issue your FCO |
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Guidelines
for Gold Dust & Gold Bar Exporters The
Seller shall ensure that the Material is properly identified as Gold
Dust or Gold Bars. The
delivery shall be registered for tracking, and the material fully
insured. It
is hereby agreed that the following documents will be forwarded to the
Refinery together with the Gold Dust or Gold Bars: a)
Metallurgical
Assay Report. b)
Airway Bill. c)
Packing List. d)
Export
Declaration. e)
Import Entry. f)
Commercial Invoice. g)
Declaration of Ownership and
Origin. h)
Certificate of Provenance, Origin
and Non-criminality. i)
Export Permit (Authority to Load) j)
Evidence that taxes and duties
paid. The
Seller will arrange for the insurance, export documentations, payment of
tax’s and duties, and shipment of the Gold Dust or Gold Bars to the
Refinery’s collection facility. Buyer
will not be liable to assist with payment for various fees and charges
of the first tranche. For
the second and subsequent tranches, the Seller will pay for the shipping
charges, The
Seller represents, with penalty of perjury, and with full legal
responsibility, a)
Is
the sole, legitimate and legal owner of the Gold Dust or Gold Bars; b)
Is
ready, willing and able to sell the Gold to the Buyer; c)
Will
prepare the necessary documents including export permit, export
declaration, Certificate of Origin and Certificate of Ownership legally
required by Refinery to process the Gold Dust or Gold Bars and for
Seller to pass legal ownership of the gold to the Buyer. d)
Will
forward all the above-referenced documentations together with the
packing list prior to shipment, to allow Buyer to verify and to clear
with Refinery. e)
Agrees
that the Gold Dust or Gold Bars will be unencumbered, free and clear
of liens and encumbrances with legally transferable ownership and
title, as set out in this agreement. Sellers please Click and Read this information before you issue your FCO |
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