Quotation For Buy Gold Dore Bars

RFQ Description

Dear Mr. Donnelly, Please see our SCO below. Regards Dante Mannaro - Representative image.png 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 Dear Sir, Jan.13,2022 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 23ct 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: 23 ct to be refined to 24 ct Origin: Burkina Faso Packaging: Export Grade boxes maximum 50kg per box Quantity: up to 100Kg (One hundred Kilograms) of 23 ct gold for the first month plus up to 100Kg of 23 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 to be attached to the SPA Delivery: CIF to International Airport designated by Buyer. Air Freight and Customs Bond are 100% at Seller’s expense until the point of transfer of ownership. Payment, Guarantees and Procedure: 1.Buyer will sign, stamp SPA and send it to the Seller. 2.Seller will sign, stamp SPA and send it to the Buyer. 3.Buyer’s bank will provide BLOCK FUNDS, Monthly, via MT760, to the seller's Bank to Guarantee the payment of the amount of kg for each monthly shipment. 4. Immediately upon authentication and confirmation of block funds via MT760 by seller's bank, SELLER WILL INSTRUCT HIS BANK TO SEND 2% BPU ( Bank Payment Undertaking, Performance Bond 2%)TO BUYER’S BANK 5.Within 5-7 banking days the seller will start Shipment of the consignment to the buyer’s designated airport as per agreement and the buyer has to clear the goods from customs at destination airport with the help of his clearing agent and take them to designated refinery for final assaying. 6.After the refining process (24 hours) within 48 hours (total 72 hours from landing in the designated airport) the buyer will initiate the payment of the consignment to the seller designated bank account via TT/MT103 as per the pure gold invoice issued by destination refinery. (99.9 of pure Gold Value) as per second fixing LBMA on date of raising final invoice. 7.The Buyer or Buyer's designated Entity automatically acquires title of the confirmed Commodity immediately after the Buyer makes payment to the Seller Bank Account after final Refining process and final invoice. The Buyer will confirm and notify Seller, in writing, when the payment is made. 8.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 designated 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. Payment will be by Wire Transfer directly into the Seller’s Nominated Bank Account -Upon successful completion, Buyer sets up for the benefit of the Seller a rolling POF, MT799 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. Final Assay Report published by Buyer’s Refinery shall be binding and acceptable to both Parties for Final Payment. 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 Seller’s nominated Bank Account. Validity: This SCO is valid until January 27, 2022 image.png Dante Mannaro for Michael Schrago (SELLER MANDATE)