Au Dust & Dory Bars

RFQ Description

SCOPE OF THE CONTRACTa) The seller, under full authority and responsibility, declares that he as the clear and qualified right to sell the Gold and that he guarantees that the Seller has the means to legally transport the Gold Dust to a refinery in Canada. b) The Buyer, under full corporate authority and responsibility declares that he and his associates have the full capability to purchase the gold Dust.COMMODITY SPECIFICATIONSa) Commodity:Aurum Utalium (AU) b) Form:Gold Dustc) Purity:92% preferreda. Assay: Final assay to be made at and by buyers registered I.Refinery in Canada and subject to final review from sellers assayer.d) Origin:Africa QUANTITYThe contractual quantity for sale to the Buyer per the terms of this Agreement shall be (3,500) kilograms or more per tranche every month until exhausted or with mutual agreements between parties.PRICEa)The price payable by the buyer to the seller is based on Ask Buyer USD per KG, payable to the Seller for the time in force of this contract.b)Gold is to be refined to 92.5% and total weight resultant as stated in the Assay Report issued by the Refinery will be paid by Buyer based on the price above. c)Referenced funds in this agreement to be wired in USD.DELIVERY TERMSa)The delivery terms for this S.P.A. agreement shall be on a CIF basis to the buyers destination on the Refinery located in Canada, registered buyers refinery. b)The buyer will provide address and information regarding to the refinery.c)Within maximum of five (5) working days, after confirmation of Buyers /sellers executed contract, the Seller will ship the first test Tranche of (3,500 KG) or more Gold Dust to the Refinery. and after first shipment we will ship XXX KG or more per month for XX years. d)The seller will pay all taxes, customs duties, etc, in country of origin, in order for the buyer to pay KLM /Air France airlines for the Gold to be delivered to the buyers Refinery in Canada. e)Buyer is responsible for Customs fees and all charges incurred from the clearance of the product through the Canadian Customs at Canadian Port of entry to and at their refinery. The gold goes into the account of the Buyer only after the swift transfer confirmed by the bank of the seller.f)The Seller of the Gold Dust will notify the Buyer ahead of time via fax or E-Mail of the Air way bill, date of transport of Sellers Gold Dust from Sellers departure point (Origin) in order for the buyer to pay for the transportation.g)KLM /Air France airlines will ship direct to the buyers refinery in Canada. Prior to the aircraft departure from point of origin, the Seller will notify Buyer of the airline, flight number, dates of expected departure and arrival time. Buyer, on behalf of Seller, will clear the shipment of the Gold Dust to the refinery.h)During the Sellers first shipment, the seller will be officially invited to visit and review and inspect the completed process of settlement, assaying process. The seller may invite his associates to visit with him. i)The Buyer will assist and issue visa invitation in order for the seller to obtain a Canadian visa for the seller to travel to Canada with his representatives in order for them to be physically present at the Canadian Customs at the Canadian Port of entry and at the refinery to ensure that all the procedures have been followed and actual delivery was completed to the refinery. PAYMENT TERMSa)The payment shall be by a prime bank Swift Wire Transfer (CASH) to the Sellers nominated bank account within seventy two (72) hours following Buyers receipt the Final Assay Report issued by the Refinery against changing the Ownership into the Buyers Name. b)Buyer warrants that the Payment time shall not exceed 72 hours after receipt of final assay report from refinery, with the exception of the initial payment as stated herein.PROCEDURE (In time sequence)1.The Buyer and Seller sign this contract in counterparts, simultaneously, and exchange it, via Fax or email. 2. PLEASE NOTE: This contract is time-sensitive. If Seller and Buyer do not execute and remit this Agreement to Seller within FIVE (5) Working Days of receipt thereof failing which this Agreement is terminated without further notice unless a written permission is received from the Seller.a)After the execution of First Step, The seller within 5 (five) Banking days after acceptances of the contract will notify the buyer of the Gold Dust (Test Tranche) certified Air Line Airway bill number information (pre-collect) in order for the buyer to pay for transportation in order to have it directly delivered to the refinery in Canada.2. Payement shall be executed to the Sellers nominated Bank, within seventy-two (72) hours following Buyers receipt of the Final Assay Report to be issued by the Canadian Refinery against changing of the Ownership in the name of the Buyer.NON-PERFROMANCE CAUSE The Buyer agrees to be liable and pay a penalty for (1M) one million US dollars if the buyer does not perform as per to this Gold contract terms, and transaction. na gold dust,dory bars