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GOLD DORE BARS 23 CAROTS

MOQ250 KG
PortNAIROBI AIRPORT
Packaging1 KG BARS
Lead Time21 DAYS

Product Details

CIF SALE & PURCHASE PROCEDURES

1. ALL PARTIES, INCLUDING THEIR RESPECTIVE INTERMEDIARIES, WILL SIGN THE NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT ATTACHED AS ANNEX “A” TO THIS AGREEMENT.

2. THE SELLER ISSUES THIS AGREEMENT IN FAVOUR OF THE BUYER FOR APPROVAL AND SIGNATURE.

3. THE BUYER WILL SIGN AND SEAL / STAMP THIS AGREEMENT AND SEND IT TO THE SELLER WHO WILL, IN TURN, DISCLOSE HIS BANKING DETAILS, SIGN AND SEAL / STAMP THE AGREEMENT AND RETURN IT TO THE BUYER BY EMAIL. THE BUYER WILL SIGN SIMULTANEOUSLY HIS COMMISSION AGREEMENT TO BE PAID TO HIS AGENTS AND SEND COPY TO THE SELLER FOR SIGNATURE.

4. THE PARTIES EXCHANGE TWO HARD COPIES OR ELECTRONIC COPIES DULY SIGNED TOGETHER WITH THE RELEVANT PROOF OF THE AUTHORITY OF THEIR RESPECTIVE REPRESENTATIVES TO SIGN THIS AGREEMENT ON THEIR BEHALF IF NEED BE.

5. AFTER CONTRACT SIGNATURE, THE BUYER’S REFINERY WILL ISSUE A LETTER TO THE SELLER TO CONFIRM IT’S ACCEPTANCE TO RECEIVE THE GOLD AS PER ARTICLE 10.1 OF THIS AGREEMENT.

6. AFTER CONTRACT SIGNATURE, THE SELLER WILL SENT TO THE BUYER THE INVOICE FOR THE AMOUNT OF DEPOSIT / ADVANCED COST NEEDED FOR THE EXPORT AND SHIPPING OF THE GOLD TO THE NOMINATED AIRPORT OF DESTINATION.

7. UPON RECEIPT OF THE INVOICE, BUYER WILL PAY TO THE SELLER/ FACILITATOR THE AMOUNT OF THE DEPOSIT / ADVANCED COST INDICATED IN THE INVOICE.

8. THE SELLER’S REPRESENTATIVE WILL ORGANIZE THE EXPORT AND SHIPPING OF THE GOLD DORE BARS WHICH INCLUDE THE PAYMENT OF ALL NECESSARY TAXES AND COSTS AS INDICATED IN THE SELLER‘S INVOICE SENT TO THE BUYER.

9. THE SELLER OR HIS APPOINTED REPRESENTATIVE IS RESPONSIBLE FOR THE SAFE KEEPING OF THE GOLD UNTIL THE DELIVERY AT THE NOMINATED AIRPORT OF DESTINATION.

10. SHOULD FOR ANY REASON THE GOLD NOT BE DELIVERED AT THE DESTINATION AIRPORT OR NOT BE AS DESCRIBED IN AND INVOICED BY THE SELLER, THE SELLER WILL REPLACE I.E. SEND A NEW CONSIGNMENT ON DAT (INCOTERMS 2010) BASIS, WITHIN 10 CALENDAR DAYS OF THE INITIAL DELIVERY DATE. IF ALL ATTEMPTS TO DELIVER FAIL AND THE SELLER FAILS TO REIMBURSE THE ADVANCE COST DEPOSIT, THE BUYER WILL HAVE FULL RIGHT OF OWNERSHIP AND ACCESS TO THE 2 KG OF 96.22%+ PURITY GOLD DORE BARS HELD AS SECURITY/COLLATERAL FOR THE ADVANCED COST DEPOSIT AT AN AGREED SECURED WAREHOUSE IN ZAMBIA.

11. ON COMPLETION OF THE DOCUMENTATION FOR EXPORT, THE SELLER WILL SEND A COPY OF THIS DOCUMENTATION TO THE BUYER TO DELIVER THE GOLD DORE BARS SECURELY PACKED FOR SHIPMENT TO THE BUYER’S REFINERY.

12. AFTER PAYMENT OF ALL ADVANCED COSTS AND RECEIPT OF ALL NECESSARY EXPORT DOCUMENTATION, THE SELLER WILL EXPORT THE COMMODITY AND DELIVER IT TO THE NOMINATED AIRPORT OF DESTINATION.

13. THE SELLER’S REPRESENTATIVE WILL ACCOMPANY THE SHIPMENT AND WILL BE PRESENT AT THE NOMINATED AIRPORT OF DESTINATION AND AT THE BUYER’S NOMINATED REFINERY FOR THE ASSAY CERTIFICATION. WITHIN 48 (FOURTY EIGHT) HOURS OF RECEIPT OF THE SHIPMENT, THE REFINERY WILL PRESENT ITS ASSAY REPORT TO THE BUYER WITH COPY TO THE SELLER.

14. AT THE NOMINATED AIRPORT OF DESTINATION (CUSTOM AREA), THE REFINERY REPRESENTATIVE WILL MEET THE BUYER AND WILL HANDLE CUSTOM CLEARANCE PLUS TRANSPORT FROM AIRPORT TO REFINERY. THE SELLER’S REPRESENTATIVE WILL ACCOMPANY THE GOLD TO THE REFINERY.

15. THE SELLER WILL ISSUE AN INVOICE TO THE BUYER IN THE AMOUNT AS DESCRIBED IN ARTICLE 7 CALCULATED ON THE CONTAINED GOLD STATED IN THE REFINERY REPORT.

16. PAYMENT OF THE AGREED PRICE SHALL BE EXECUTED TO THE SELLER WITHIN 72 HOURS (THREE INTERNATIONAL BANKING DAYS) AFTER RECEIPT OF THE SELLER’S FINAL INVOICE.

YSR Associates

2A CONNAUGHT AVENUE, LONDON E4 7AA, UNITED KINGDON

United Kingdom

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