Description

COMMODITY:            Aurum Utalium

COMMODITY:            GOLD DUST

PURITY:                *2.7%
FITNESS:                *2.1 K

PRICE:    US $ *6,**0 Per Kilogram refined to *2 carats in the Final Assay Report issued by Buyers Refinery.

QUANTITY:    6,**0 Kilograms (**0 kg x *2)

FIRST SHIPMENT:    **0 Kilograms per month (**5 kg each week)

ASSAY REPORT:    Final assay to be made by buyers refinery and this assays value will accepted by both buyer and seller.

ORIGIN:    México.

DELIVERY:    CIF (buyer options)


PROCEDURE OF THE CONTRACT:

1. The Buyer issue LOI with procedure and payment terms.
2. The Seller issue FCO to the Buyer, and the Buyer returns the FCO duly signed and sealed.
3. The Seller issues a Draft Contract to the Buyer, and the Buyer returns revised Draft Contract to the Seller. The Seller review and confirm any changes made in the Draft Contract by the Buyer. If the Seller agrees to the changes made by the Buyer, the Seller issues, signed, sealed and send to Buyer.
4. The Buyer returns the final agreement Contract duly signed and sealed.
5. Once the Contract is signed, the seller sends to the Buyer the following documentation for such verification within five (5) banking days, as a previous step to the issue of the BG (Bank Guarantee). There are the following:
a. Test Report SGS for the Gold to be delivered (like part of the Contract). A full analysis will be issued to accompany the first consignment of Gold Dust.
b. Affidavit which manifests that in the mines doesn’t work children’s and do not use products that pollute the environment.
c. Certificate of Origin.
d. Certificate of ownership.
e. Certificate with the name of the mine where gold was extracted.
f. Honesty statement about the origin of gold, which certifies that it is free and clear and of non-criminal origin, unencumbered and free from all liens, and is transferable and exportable.
g. Export License Seller.
6. The Seller will issue to the Buyer four (4) original hard copies of the Contract via courier (DHL) to the Buyer’s address and stated in the Contract.
7. After receive the sign/seal the Contract, the Buyer’s Bank (Top *0 Banks), will send a Swift MT**9 or MT**9 to the Seller’s Bank where he will indicate that “we are ready and prepared to send the BANK GUARANTEE” (Annex 1) and the Seller’s Bank will respond that “we are ready to receive the BANK GUARANTEE and send the 2% Performance Bond”confirmed by a Top *0 banks.
8. After receipt the answer from Seller’s Bank, the Buyer’s Bank will issue NON-OPERATIVE BANK GUARANTEE, issued or confirmed and guaranteed by a Top Prime World Bank acceptable to the Seller, for the value of USD $XXXX (XXXXX MILLION UNITED STATE DOLLARS).
9. Within 5 (five) banking days of receipt of the BG from the Buyer’s Bank, the Seller’s Bank will issues a PB (Performance bond). The PB changes automatically the Non-Operative Bank Guarantee in Operative.
*0. The shipment of the Gold will commence within 7 (seven) natural days from the date of Seller’s receipt of the acceptable operative instrument. The Seller will notify *8 hours before each shipment the aircraft departure from point of export, the airline, flight number, dates or expected departure and arrival time to the Buyer.


PAYMENT TERMS:

**0 Kg will be secured by BG and paid by TTP or MT/**3.
After trial delivery, the Buyer issues conditional “BG” Bank Guarantee via MT***0 to the Seller’s Bank through SWIFT with the value of amount of **0 Kg with maturity of **6 days to guarantee full contract. A scan copy of the swift transmission of the said BG –MT**0 will be sent to the Seller.
Seller will issue PB 2% that will activate the” BG”.
Upon Activation the said BG from the Buyer, the Seller initiates the delivery process.
• The Buyer shall make the full payment due to Seller after Final Assay Report from the refinery and within *2 hours, by wire transfer, TT (Telegraphic Transference), or Swift MT/**3.


DELIVERY TERMS:

• Being **0 Kg per month our contract agreement we keep rights to make weekly deliveries of **0/**0 kg. This subject will be agreed on contract.
• The export taxes, export documentation, freight cost and other expenses during exportation to the buyer’s location, are on the account of the Seller.
• Seller is responsible to deliver the Gold Dust to the Refinery, in the buyer account in the refinery. Seller will provide all the necessary documents in order to transfer the Gold from the Destination Airport to the buyer’s Refinery.
• The seller shall use Secured Logistic (BRINKS or similar) for transport until buyer’s refinery.
• The import customs, VAT, taxes and other applicable taxes at country destination, are on the account of the buyer.
• Buyer is responsible for all charges from the Destination Airport to the Refinery. And to provide all necessary services for cleared from customs.