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Looking for gold bars

  • Sourcing Country:Saudi ArabiaSaudi Arabia
  • Required Quantity: Ask From Buyer
  • Posted Date:09 Apr 2024
  • Expiry Date:21 May 2024
  • Buyer Name: Classic
  • Usage:
    Ask From Buyer
  • Buying Frequency: One Time
  • Email:
    s****m***************m
  • Approx Order Value:
    Ask From Buyer
  • Quotations Received: 14 Quotes
  • Contact Number:
    9****4*****5
  • FOB Price:
    Ask From Buyer
  • Time Left: 24 Days
  • Shipping Terms:
    Ask From Buyer
  • Payment Terms: T/T, LC, D/P, PayPal, Western Union
  • Preferred Supplier Country:ChinaChina

RFQ Description

Dear Sir,RE: LETTER OF OFFER TO SUPPLY AU METALWe hereby state and represent that it is our intention to offer the supply of the followingcommodities as per the specifications, quantity and price as specified in the terms andconditions stated below:A) COMMODITY/PRODUCT:B) HALLMARK:AU Metal Physical GOLDInternationally accepted, for example:1) Pamp Suisse - Swiss2) AKK - Swiss3) Mitsubishi - Japan4) Emirates - UAE5) Logam Mulia - Indonesia / Swiss6) Commerz Bank - Swiss7) Perth Mint - Australia8) Argor Heraeus - Swiss9) Metallor - Hong kong/ Swiss10) Johnson Matthey - Canada /Swiss11) LS - Japan999.9CAST 1 KG KILOBAR100 KG per month, starting with 5 kgs per day.C) PURITY:D) SIZE/ WEIGHT:E) QUANTITY:Pick up shall be made on a daily basis and the quantity shall make up the said quantity of100kgs or more per month. The supply volume shall increase after our evaluation that thebuyer is very serious about procuring a bigger volume per month of the said commodity.F) PRICE / LOCKING OF PRICE: AL RAJHI BANK Malaysia price less 2.5 %. The daily pricecan be found at http://www.alrajhibank.com.my/personal_goldprice.shtmlSubject to the price policy changes in Al-Rahji’s gold price. Locking of the price shall be madeon a daily basis starting from 10.30am to 12.00pm on every transaction day. Saturday, Sundayand all Malaysian public holidays is considered a non-transaction day.G) DELIVERY PROCEDURE: Buyer to take delivery at our appointed/ designated banks inKuala Lumpur during banking/ office hours but not later than 3 pm on the same day.H) BANKING PROCEDURE: To facilitate the whole transaction process, we propose that thebuyer forms a local company in Kuala Lumpur and establish a bank account with RHB BankBerhad and Maybank Berhad, where we (as the seller) is currently having an active bankaccount. By having common bank accounts and common bank branches between the buyer andseller, the transaction process will be much easier, faster, safer and more secure where the wiretransfer of the payment can just be made over the bank counter.Once the payment is wired to our account, the commodities will be received by the buyer andthe buyer can store/ keep the commodity in the same bank’s safe-box or arrange for it to belifted away. This method will reduce the multiple-handling risk.To establish a gold trading company in Malaysia does not require any special license from anyauthority or Malaysian Central bank (Bank Negara). We need to only inform the bank concernedthat our business is a gold trading business that it will involve large amounts of transfers ofmoney from account to account. This is necessary to avoid AMLA (Anti Money Laundering Act).I) CURRENCY: Cash in Ringgit Malaysia, and the wire transfer shall be made within the buyer/sellers common bank area. Transactions at Private house, office or hotel will be notentertained.Thank you.

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