Commodity : GLD Standard Bullion
Format : 12.5 KG Bars
Purity : 999.5/1000 or better fineness
Hallmarks : Internationally Accepted Hallmarks,
Less than 5 years old. Principally Johnson Matthey
Delivery : FOB/CIF at buyers designed place
Origin : North America/
First Tranche : 10MT
Quantity : 400 MT
Storage : RBS & Barclays Bank, UK-sanctioned private security warehouse
Insurance : Insured by Lloyd's of London for full LBMA market value
Trade Status : Freely liftable and tradeable and fully exportable
All governmental clearances and approvals
No liens, charges or encumbrances
Export permits already issued in the name of Seller
.
PRICE : The agreed purchase price is the quoted price in USD or EUR as set forth in the latest valid Second Fixing Rate (PM) issued by the London Bullion Market Association (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 second LBMA fixing of the next change to last Market opening day and per tranche.
Discount: 12% Gross Discount,
8% Net to Buyer
Commission: 3.0% Commission, as stated below: 1.5% to Seller’s side (closed For Seller Mandate)
1.5% to Buyer’s side opened.
1.0 % for intermediaries.
Payment: All Payments by Clear, Clean Money of Non-Criminal Origin and By Swift/Wire Transfer Mt103 within Maximum Three (3) Banking Days.
Transport Documentation
Each delivery shall be accompanied by a Bill of Lading with all necessary documentation in accordance with international law, which includes:
1. Original Certificate of Deposit
2. Four (4) Copies of commercial Invoices in favor of Buyer
3. Certificate of Origin
4. Certificate of Legal Ownership
5. Internationally Accepted Assay Certificate
6. Certificate of Insurance
7. Export Permit – Export License
8. Bank Warranty of Delivery
9. Custom Duty Seller’s Certificate stating that the refined Bullions are free and clear of all liens and encumbrances and freely tradable and exportable each bar and is of no criminal origin
10. Warehouse Receipts
11. Certificate of Weight List describing each bar as follows:
• Serial Number as stamped on each bar
• Fineness as stamped on each bar
• Raw Weight as stamped on each bar
• Total Weight as stamped on each bar
• Receipt of Custom Duties and Taxes
12. Packing list