Buyer Mandate Order for Bullion - DOC by xgb15077

VIEWS: 0 PAGES: 3

More Info
									> This is the general outline of the offer. Please note we are willing to amend procedures so suggest your
preferences. AU will be proven in Dubai and not in Hongkong .
>
> 30 MT BULLION
>
> COMMODITY: Gold Bullions (Aurum Uranium).
>

> FORM: 0.5 Kilogram (Kg) Bar.>
>
>
> FINENESS: Minimum of 99.95% or better.

>
> AGE: More than 2 years.>
>
>
> HALLMARK: NIL (IF NEED, SELLER MAY ARRANGE HALLMARK AND CHARGE PER GRAM RMB 12.-
/GRAM EXCESS AFTER GOODS PAYMENT DONE. HALLMARK STANDARD WILL ACCORDING TO
> GREATWALL REFINERY IN CHINA, AND FORM OF THE GOODS WILL DEPENDED ON THE
> REFINERY'S REQUIRMENT AND OR AFTER CIF HONG KONG DELIVERY AT BUYER'S OPTION
> AT HIS COST .

>
> QUANTITY: 30 M/T (Thirty Metric Tons) for the First tranche, or more at the discretion of the Seller. The
renewal or roll and extension of said quantity will be on mutual consideration basis.


> LOCATION: *Bonded Warehouse in P. R. China.

>
> DELIVERY: C.I.F. Metalor in Hong Kong total Thirty (30) Metric Tons delivery.
>
>
> DISCOUNT TO BUYER: Gross 12 % (TWELVE PERCENT) Net 8 % (EIGHT PERCENT) *from selling
price on the London Bullion Metal Exchange (LBME) basis 2nd Fixing on the day of delivery. Should there
be no quoted price published on the day of delivery, next day price prevails.>
>
>
> PROFESSIONAL FEES: (As per IMFPA forming an integral part of this contract) 4% (FOUR PERCENT):

         1% (ONE PERCENT) Seller's Consultants (CLOSED).
>         1% (ONE PERCENT) Seller's Mandate Consultants.
>         1% (ONE PERCENT) Buyer's Mandate Consultants.
>         1% (ONE PERCENT) INTERMEDIARIES Fees.
>
> The payment of the all the Professional Fees will take place immediately after the transaction and are to
be wire-transferred to the beneficiaries as per the Irrevocable Master Fee Protection Agreement (IMFPA)
which is an integral part of this agreement and attached as Addendum-3.

>
> DOCUMENTS:
>
> 1. Certificate of Ownership.
> 2. Certificate of Origin.
> 3. Certificate of Assayer Report.
> 4. Commercial Invoice (USD).
> 5. SKR/Depository Receipt.
> 6. Bank Warranty of Delivery.
> 7. Certificate of Averring. (Free of all liens, encumbrances and freely tradable).

> TRANCHE: ONE TRANCHE FOR 30 m/t (Plus any rolls and extensions). Further tranches to be agreed
upon between Buyer and Seller.
>
>
> PURCHASE PRICE: The agreed purchase price is the quoted price in USD as set forth in the second
fixing of the LBMA on the Day-of-Transaction. In the event that the LBMA is not operating on that scheduled
day, the price calculation used shall be based on the second LBMA fixing of the next Market opening day. >
>
>       *Note:* Day-of-Transaction is defined as the day when the buyer accepts ownership or possession of
the Gold Bullion. This day shall be used to fix the price of the gold bullion applicable for the Tranche.

>
> TRANSACTION CURRENCY: The transaction currency shall be good, clear, fully usable USD $. (United
States Dollars) *of Non-Criminal Origin.

>
> TRANSACTION PAYMENT: Buyer shall pay Seller by MT 760 (or/and) and T/T Swift payment for the
transfer of ownership of the SKR and Metal Certificates representing the Gold Bullion to the Buyer. Other
payment methods are dependent on mutual agreement.

>
> DURATION OF AGREEMENT: This agreement shall expire after Ten Banking Days from signing by both
parties. Extensions shall be at the discretion of the Seller.>
>
>
> TRANSACTION PROCEDURES:
>
>                  2.1* This contract shall be signed and sealed by both buyer and seller and this contract
is final.
>
>                  2.2* Both buyer and seller shall lodge their completed contracts with their bank officers
within the period of five International banking days from the date of this contract, otherwise this contract will
be deemed as void.>
>
>                  2.3 Buyer shall send confirm to Seller's bank by MT760 that his Bank is ready and good
finance to performance the deal within five working days after contract signed.
>
>                  2.4 After get this MT 760 messages from their bank, the seller will arrange visit and
inspection the goods with buyer in their stocked bank to verify the goods together.> *
>
>                  2.5* After verification, the buyer's bank shall confirm the payment by MT760 and Seller
within three Banking days arrange CIF delivery at Hong Kong and Buyer shall payable within five (5) working
days by 100% T/T to seller's bank when/after quantity/quality inspection in Hong Kong.> *
>
>                  2.6*. The seller after performance CIF Hong Kong delivery. And Buyer shall arrange all
these goods to the BANK/REFINERY in Hong Kong at Buyer's option if inquiry. As buyer want the goods in
international Hallmark style in Hong Kong. Views Seller are allowed within five (5) days payment by 100%
T/T to seller's bank as Buyer's Bank MT 760 notify in order. and or Seller when/after received Buyer's Bank
MT760 confirmed payment by their bank. The seller may arrange to GREATWALL Refinery in China to
refine under the international style at Buyer inquiry.> *
>
>                  2.7* If the buyer wants AU to be CIF Dubai, then the air freight expenses are to be shared
50 : 50 by seller and buyer.> *
>
>                  2.8* All pay orders are stamped and sealed by the buyer's bank as soon as the
transaction is complete.> *
>
>                  2.9* All paymasters and intermediaries shall be paid upon completion of this contract and
within 24 hours.
>
>                  2.10 *The invoice for the au metal must be issued by the seller in USD (United States
Dollars).
>
>                 2.11* A full set of ownership documents and invoices must be given to the buyer by the
Seller's Bank or Bank Officer upon completion.

								
To top