cif corporate offer to purchase gold, diamond, platinum, silver.

RFQ Description

We generally follow Swiss procedures and our procedures are equally simple and are summarized as per belowWe have SBLC from our financier in Dubai UAE for 1 year at 50 million1. Seller issues signed Full Corporate Offer (FCO).2. Buyer returns signed Letter of Intent (LOI) indicating acceptance.3. Seller issues/delivers to Buyer a signed Purchase and Sale Agreement;4. Seller supplies to Buyer evidence of legal ownership, current Assay Report, bank statement.5. Seller provides a letter from their bank indicating that the Seller is ready to commence the contract and that the Bank is ready to transact with full bank responsibility.6. On successful verification of the documentation the Buyer will arrange an acceptable institutional Payment Guarantee for the full contract value as instructed by the Seller.7. Buyer and Seller lodge contracts with their respective banks.8. Seller��s bank will SWIFT to Buyer��s bank confirming the existence and transferability of merchandise;9. Buyer��s bank will respond by SWIFT with confirmation of payment;10. Transaction is completed electronically with exchange of AU and Funds on a bank-to-bank basis.NOTE: Bank-to-bank could be substituted with ledger-to-ledger as the terms of the contract may require.If not following Swiss procedures and dealing with suppliers in need to export AU, contact us for those instructions.NOTE: Performance Bonds in this business are not worth the paper they are printed on since actually accessing the funds can take a year; hence almost impossible to collect. So if your client like most others is asking for that, I am afraid it is non starter for us.