PRODUCT DESCRIPTION

Product: Gold (Au) Shape: 1kg Dore Bar

Purity: Purity between 95%/97%

Origin: Brazil, Africa, Europe 

Trial:500 KG 

Place of shipment: maximum 10 tons

Extensive: 2,000 kg per month

Delivery: CIF 

Contract term: 12 months (renewable for three years)

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CIF PROCEDURE AND PAYMENT TERMS

The Buyer issues the LOI (LETTER OF INTENT) with KYC, CIS of the Buyer, being banked with proof of funds via SWIFT MT799.
The Seller issues the SCO (Soft Corporate Office) directed to the payer.

The purchasing company performs its compliance within a maximum period of 03 business days.
ICPO (Irrevocable Corporate Purchase Order) with KYC, CIS of the Buyer, being banked with proof of funds via SWIFT MT799.
The seller sends FCO to the buyer. And/or issues the SPA Draft.
The Seller/Exporter issues the draft of the SPA (Purchase and Sale Agreement).

The buyer and seller sign the "Purchase and Sale Agreement." Each page must be initialed.

The Buyer issues a BCL or RWA as Proof of Funds and submits its full KYC in that sequence to the SELLER.
The Buyer's Bank sends RWA to the Seller's Bank via SWIFT MT799 on readiness to issue SBLC via SWIFT MT760.
After receiving the RWA via SWIFTMT799, the seller's bank sends MT799 to the buyer's bank about its readiness to accept SBLC via MT760.
Upon receipt of SWIFT MT799, upon readiness to accept SBLC via SWIFT MT760 from Seller's bank, Buyer's bank sends SBLC via SWIFT MT760 to Seller's bank account for a period of 1 year and 1 day.
Within XXXXXXXX working days, the Seller notifies the Buyer of the first delivery with all export documents.
Upon confirmation of the SBLC, the Seller shall issue 2% of the Performance Guarantee.
Upon confirmation of the Buyer's readiness, the Seller sends gold to the Buyer's choice of destination. All costs of exporting Gold from the Seller's country to the Buyer's designated country airport will be borne by the Seller.
Buyer pays for the gold to Seller via bank transfers via USDT, TED, PIX, or MT103 after final refinery or final inspection of the gold.

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NOTE 1: The presentation of the BCL or RWA as Proof of Funds by the Buyer, as mentioned above, is essential for finalizing contractual negotiations. It is necessary that the office cards be forwarded with the RWA. All documents presented must be issued on letterhead, stamped, and signed by those responsible for the Purchase and Sale in PDF format.

NOTE 2: The above process is necessary and essential for carrying out the operation. The bank branches that will execute the issuance of the instrument have the procedure to deal with this matter.

PAYMENT TERMS
Upon completion of the Final Test, BUYER will pay SELLER via
S.W.I.F.T MT-103* or bank transfer within (3) business days after the review by the PARTIES and mutual acceptance of the Final Test Report Certificate.
The agreed purchase price will be paid in full according to the agreed discount based on the second LBMA fixing*.
Settlement: Payment (the amount of the remaining balance after the purchase date is fixed) must be made within 3 business days.

The transfer will be made by S.W.I.F.T MT-103 to the account listed by the Seller.

Where indicated, SWIFT or S.W.I.F.T. is agreed and understood to be the Society for Worldwide Interbank Financial Telecommunication (SWIFT} with its registered office at S.W.I.F.T. SCRL ("SWIFT"), Avenue Adele 1, B-1310 La Huipe, Belgium.
The price of GOLD is calculated using international LBMA, the second fixation is based on the London Bullion Market Association in United States Dollars* (''$" or "USO"} or Euro* ("€" or "EURO"} on the date mutually agreed upon by both parties.
United States dollars are the legal tender of the United States of America.
The euro is legal tender in the European Union.

TRANSPORT DOCUMENTS
Each shipment and delivery must be identified with Contract Ref xxxxxxxx2024 stipulated herein and must be accompanied by the following documents listed below, provided by both parties when required.
Commercial Invoice in favor of the BUYER.
Certificate of Customs Clearance and Declaration
Original test report (under five years old}.
Certificate of Insurance.
Airway awareness (AWB}.
Certificate of Origin
Certificate of ownership.
Export License/ Export License.
Packing list/weight list certificate.
Safe Guard Receipt (S.K.R).
Declaration of non-criminal origin, free of encumbrances and free of any encumbrances, transferable and exportable.
Seller's declaration that all duties, charges and taxes to the relevant authorities are paid and AU metal is exempt from any liens, taxes and encumbrances of any kind on delivery

RESPONSIBILITY AND OBLIGATIONS
SELLER's responsibilities end when the physical Gold is delivered to BUYER's Airport; The SELLER will inform the BUYER in advance of the schedule and details of the delivery.
The BUYER must inform the SELLER in advance about the Refinery and/or designated specialists for the issuance of the final test report.
All previous payments for delivered goods will be paid in full by the BUYER before subsequent deliveries are made for shipment.
The final test report from the Refinery and/or experts appointed by the BUYER will be required, and the quantity will be certified by the Refinery or the BUYER's experts for each delivery.

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TRANSFER OF OWNERSHIP
The Gold will remain the property of the SELLER and will go to the BUYER's account at the Refinery at the time of delivery.
The title and ownership of the gold will be released and transferred to the BUYER upon full payment of the transaction less the discount agreed between the buyer and intermediaries.

 

ACCEPTED PROCEDURES
IMPORTANT: The contract is time-sensitive. If SELLER fails to execute and forward this SPA to BUYER within five (5) business days of receipt, this Agreement shall be deemed null and void without notice unless written permission is sought from SELLER and received by BUYER.

The Buyer and Seller/Representative must then escort the shipment cargo to the refinery designated by the Buyer for the final test report.

Upon review of the Party and mutual acceptance of the Final Test Report Certificate, Seller will issue the final commercial invoice to Buyer. And the Gold shall be held and remain in the custody of the Refinery until the Certificate of Ownership is transferred to the name of the Purchaser.

Within three (3) business days, Buyer will transfer the agreed amount of the shipment less the discount agreed by Buyer to the bank account indicated by Seller. And at the same time, the seller will transfer the certificate of ownership to the buyer's name upon receiving full payment for the shipment minus the agreed discount.
All subsequent installments will be based on the same procedure, provided that the agreed quantity of the contract is completed.