Quotation For Buy Quality Gold Bar | Gold Dust | Gold Nuggets

RFQ Description

ABC GENETICS Ch. De Bel-air 13, 1299 Crans, - Switzerland Legal Representative : Michael Schrago Tel/whatsapp : +41 7878 31133 or +57 301 ******* Email : *******@*****.com Representative in Brazil : Dante Mannaro Tel/whatsapp.: +55 77 9 9931 2478 Email : *******@*****.com SOFT CORPORATE OFFER ATT. Mr…….. We, ABC GENETICS in association with a miner from Burkina Faso, in our capacity as legal representatives of said miner, with full legal authority and corporate responsibility, declare and confirm that we are The Seller Mandate, ready, willing and able to supply Gold Bars, in accordance with the terms and conditions indicated in this instrument or by any eventual modification that may occur and accepted by the Seller and the Buyer before the final signature of the Sales and Purchase Agreement: Product: Pre-Refined 22ct Gold Bars format firstly refined at Seller’s appointed refinery in Burkina Faso, then finally refined at Buyer’s appointed Refinery. Size: 1.0 Kg. Bar Purity: 97.0 to be refined to 99.9 Quality: 22 ct to be refined to 24 ct Origin: Burkina Faso Packaging: Export Grade boxes maximum 50kg per box Quantity: Up to 125Kg (One hundred and Twenty-five Kilograms) of 22 ct gold for the first month plus up to 125Kg of 22 ct gold per month x 12 (twelve) months subject to rolls and extensions. Purchase Price: The Price is the London Bullion Market Association (LMBA) Price per troy ounce in US$ Monday through Friday during 13:30 and 17:00 p.m. on the date of exchange (Except Legal Holidays) minus a gross discount of 10% (8% net plus commissions of 1% to the Buyer’s side and 1% to the Seller’s side (closed), granted by Seller, in accordance with a separate IMFPA. (IMFPA attached) Delivery: CIF to the International Airport assigned by Buyer. Air freight and customs bond. are 100% at Seller’s expense until the point of transfer of ownership. Payment: Under the control of the Buyer’s and Seller’s Bank officers, Buyer’s Bank opens a Non- Operative Documentary Letter of Credit (DLC) which will be rendered automatically Fully Operative immediately when the Performance Bond Guarantee becomes Operative. In case of mutual interest, Buyer and Seller may discuss another Bank Instrument, such as SBLC, BG or a Guarantee issued by the Buyer’s Internationally Accredited Refinery. Performance Bond Guarantee: Seller will issue a 2% (two percent) Performance Bond in favor of the Buyer Guarantees: The Seller will guarantee by Legal Authentication that prior to the first consignment to the Buyer, at least the following Certificates: Export Licenses, Mineral Licenses and Business Licenses are provided to prove to the bank that required foundry and government clearances and approval have been obtained. Seller’s Obligations: - Seller will issue duly verifiable POP/SKR for the quantity of goods issued by the agreed air freight delivery mode for export to Buyers’ destination, CIF assigned International Airport, and for all costs to the point of ownership at the allocated Refinery - Seller will at his cost arrange Pre-Assay for whole consignment at Refinery and thereafter pays Safe Keeping Charges, Export Charges, Buyer Permit, Export Documents, Insurance and Freight to commence shipment for delivery at Buyer’s assigned International Airport paying all Export Taxes-Charges &Documents. -Seller will arrange G4S/Brinks Logistics & Security duly insured for Full Value to transport the Gold Bars Cargo Shipment from the assigned International Airport to Buyer’s Refinery. .-Seller will transfer ownership of Gold to Buyer after verifying payment in his nominated bank account. This will be done via a formal written statement by the authorized executive of the Seller. -Seller at this same instance transfers the1%commission due to the Seller’s agent and the 1% commission due to the Buyer’s agent to their designated bank accounts in accordance with the IMFPA, attached to the SPA Buyer’s Obligations -Buyer ensures/guarantees to pay the Final Payment (deducting the 8% discount granted to Buyer, as per the SPA) according to Buyer’s Refinery Assay Report within 48 hours. -Upon successful completion, Buyer sets up for the benefit of the Seller a rolling POF mechanism via bank to bank to ensure the Seller that there are sufficient funds in place to pay for each consignment of the gold. Inspection and Final Considerations: Buyer’s Refinery will conduct/start Final Assay by Refining the delivered Gold Bars within 24/48 hours. Buyer’s Refinery will conduct weighting of the delivered Gold Bars in presence/witness of Seller’s authorized representative. Buyer’s Refinery will publish Final Assay Report after refining and will make available copies of the same to Buyer and Seller. Upon receipt of Buyer’s Refinery Final Assay Report by E-mail or through their observer/visiting representative to witness Final Assay, Seller shall Print, Scan, and send Final Commercial Invoice according to Buyer’s Refinery Final Assay Report within 24 hours to Buyer and all concerned by Email and Hard Copy to Buyer through bonded courier. The Final Assay Report published by Buyer’s Refinery shall be binding and acceptable to both Parties for Final Payment. The Final Commercial Invoice must enclose the Final Assay Report Certified by the Buyer’s Refinery and signed as acceptance by Buyer’s and Seller’s Representatives for release of payment to the Seller’s nominated Bank Account.