Gold Offers

We are buying Gold Dore Bars/Bullion.

 

Gold Bullion Seller needed in Switzerland.

 

We need a Bullion supplier for one of our vetted clients.

Location: UBS, Zurich, Switzerland or other Swiss verified security storage.

Deal type: FOB Switzerland. Bank to Bank.

Quantity: 250-1,200 MT per month.

Contract duration: 12-60 Months.

Price: competitive and negotiable.

Gold age: less than 5 years.

PS: Official FCO required +/- DCL.

 

Thank you for holding our hands in partnership.

Regards.

-Mbh Progress Team-

June 2020

we are selling Gold Dore Bars/Bullion.

AU GOLD BULLION FOB HK.

TERMS & CONDITIONS 

Product: AU (Aurum) Gold Bullion Metal in Bar Form

Form: 1Kg or 12.5Kg (One or Twelve-point Five Kilogram) Bars conforming to GLD Specification

Age: Certified Less than Five (5) years from production

Hallmark: Internationally Recognized Hallmark less than 5 years

Total Quantity: 50MTS (Fifty Metric Tons) with possible rolls and extensions

Tranches: 8MT Per Month for 12 months with possible rolls &
extensions

Purity: 999.5/1000 Fineness or Better

Gross Discount Rate: -9% (Minus Nine Percent) Net Discount Rate to the Buyer: -6% (Minus Six Percent)

Brokers: Total -3% (Minus Three Percent); 1.5% (One Point Five Percent) to the Seller Group (CLOSED), paid by the Seller 1.5% (One Point Five Percent) to the Buyer Group, paid by the Seller (OPEN)

Transaction Currency: United States Dollars (USD) or as agreed (EURO/HKD/CNY)

DELIVERY TERM: BANK TO BANK HK

Payment Method: Funds transfer from Buyer’s nominated BANK account to Seller’s nominated BANK account, AFTER the Assay, Verification and Authentication of AU at HK private security warehouse (being the current storage location of the AU used by the Seller) by parties including, but not limited to: Seller(s) or their representative(s), Brinks representative(s), and Buyer(s) or their representative(s). date to be mutual agreed.

Payment Seller: Brinks or Bank account HK to Seller HSBC HK (Paid by Buyer after AU is Assay, Verification and Authentication of AU at HK
private security warehouse)

  • DOCUMENTATION 

1. Certificate of Purity

2. Commercial Invoice

3. Certificate of Ownership

4. Safe Keeping Receipt from storage/warehouse in Hong Kong

5. Packing List

6. Insurance Certificates.

 . PROCEDURES 

  • The Buyer issues and LOI with CIS Package or KYC.

  • The Seller’s Power of Attorney (“Seller’s POA”) issues the Draft SPA for approval and acceptance by the Buyer. Once accepted, the Seller’s POA issues fully executed SPA signed and sealed to the Buyer with procedures below, which includes the Sellers and Buyers details and the colored copy of Sellers and Buyer’s passport. In addition, an Irrevocable Master Fee Protection Agreement (IMFPA) must be concurrently be signed by the Buyer and Seller.

  • • After the SPA has been signed by the Buyer and Seller’s POA, the following steps are agreed:

  • • The Buyer authorizes The Seller to do an ATV/soft probe for minimum funds available for purchase of 8 MT prior to the inspection by the buyer.

  • • The Seller authorizes POP to the Buyer Refinery in Hong Kong on successful POF verification

  • • During this visit Brinks or buyers representative shall conduct all testing, verification and authentication procedures, including but not limited to Assaying the AU, to the satisfaction of the Buyer. Upon successful verification of the AU, the Buyer shall purchase the Seller AU immediately wire MT 103. The Seller shall simultaneously transfer the ownership of the AU to the Buyer. If the Buyer ops the Seller to deliver the AU after the payments are made to the Buyers Brinks Warehouse, the same shall be done by the Seller;

  • • Immediately upon verification that the AU is of minimum purity under 1.7 of this Agreement, both parties irrevocably agree to arrange payment for the AU while at the Warehouse via transferring the agreed sum of moneys from the nominated Brinks accounts or Bank account of the Buyer to the Account of the Sellers HSBC or Nominated Account’

  • • Payment for AU under this Agreement in exchange for transfer of title of AU from Seller to Buyer shall be made through the Brinks system, and simultaneous with step 2.iii) the Seller shall transfer the ownership of AU in the name of the Buyer prior to its’ departure or transport from the Warehouse to Brinks HK warehouse (“Brinks Warehouse”)or Buyers warehouse;

  • • Immediately following registration of the AU in the Buyer’s name, the Seller shall then arrange with Brinks HK to transport the Buyer’s AU to Brinks HK Warehouse and be responsible for costs associated with transport.

  • • Title to the AU shall pass to the Buyer at payment at the Warehouse with payment being between Buyers Brinks or Bank account and Seller’s accounts as per 2.iii) and 2.iii) in this Agreement.

  • • Tranches shall be 8MT AU per month to the Brinks Warehouse with a maximum total of 50MT.

  • • All supporting documents following 2.ii) of this Agreement comprise the following:

  • • Certificate of Purity

  • • Commercial Invoice

  • • Certificate of Ownership

  • • Insurance Certificates

  • • Declaration that the Product is Free from Liens and Encumbrance.

  • • Safe Keeping Receipt from Warehouse

  • • Packing List

  • • Within 24 hours, after the exchange of funds and ownership, the Sellers and Buyers IMFPA’s will be paid to the respective Buyer Brokers, Sellers Brokers, Buyer Mandate, and Seller Mandate, or any Agent or Pay Master and party nominates.

  • • Any changes agreed to be made to this Agreement by mutual agreement between the Seller’s POA and the Buyer shall not affect the rights of any intermediaries being brokers or mandate holders as listed in the IMFPA which is appended to this Agreement.

  • • These Terms and Conditions are subject to the Sales and Purchase Agreement (SPA) acceptable by both parties, Buyer and Seller. If the Sales and Purchase Agreement (SPA) is not accepted by both parties, Buyer and Seller, this agreement is null, and void and no claims can be made by either party.

  • • Delivery and payment for each tranche of AU under this Agreement shall be on a monthly basis following the conclusion of the previous tranche transacted between the Buyer and Seller.

 

 

Thank you for holding our hands in partnership.

Regards.

-Mbh Progress Team-

June 2020

We are selling Gold Dore Bars/Bullion.

AU GOLD BULLION CIF

  • TERMS & CONDITIONS

1.

Product:

AU (Aurum) Gold Bullion Metal in Bar Form

2.

Form:

1Kg or 12.5Kg (One or Twelve-point Five Kilogram) Bars conforming to GLD Specification

3.

Age:

Certified Less than Five (5) years from production

4.

Hallmark:

Internationally Recognized Hallmark less than 5 years

5.

Quantity:

A minimum of Eight metric tones (8MTS) with possible Rolls & Extensions

6.

Delivery Tranche:

Monthly tranches of 8MTS

7.

Delivery Frequency:

Monthly

8.

SPA Term:

Twelve (12) months

9.

Purity:

999.5/1000 Fineness or Better

10.

Discount to daily 3pm LMBA price:

Gross Discount Rate: 8% (Eight Percent)

Net Discount to the Buyer: 5% (Five Percent)

11.

Commission:

Total 3% (Three Percent);

1.5% (One Point Five Percent) to the Seller Group (CLOSED),

paid by the Seller

1.5% (One Point Five Percent) to the Buyer Group (OPEN),

paid by the Seller

12.

Transaction Currency:

United States Dollars (USD) or as agreed (EURO/HKD/CNY)

13.

Delivery

Term:

D.D.P.  (Incoterms 2020 ) Free-Zone Dubai

14.

Transaction:

Transaction of PSKR (Private Safekeeping Receipt) issued by HSBC Hong Kong Bank

15.

Payment

Method:

MT103 from Buyer’s bank account to Seller’s bank account or any payment method as agreed by the Parties. Blocked funds MT799 and MT600 for each tranche or shipment.

  • DOCUMENTATION

The Seller shall provide, with each shipment or tranche, the following documents under this SPA and these documents are collectively the ‘Documents List’.

  1. Air Waybill.

  2. Pro-form Commercial Invoice.

  3. Certificate of Purity.

  4. Packing list.

  5. Certificate of Origin.

  6. Certificate of Incorporation.

  7. Export Certificate.

  8. Certificate of Ownership.

  9. Safe Keeping Receipt from storage/warehouse issued by HSBC Hong Kong Bank.

  10. Insurance Certificates.

  11. Export Tax Paid Receipt.

  12. Declaration that gold is free and clear, of non-criminal origin, free from any encumbrances and devoid of constraints, transferable and exportable.

3. PROCEDURES

  1. The Seller’s Power of Attorney (Seller’s POA) hereby issues this draft SPA for acceptance by the Buyer.  Upon this acceptance by the Buyer, the Seller’s POA shall issue the final version of the SPA for both Parties to execute.

  2. Both Parties shall sign and execute, and deliver to the other Party, a signed and executed SPA that shall include: the Seller’s POA and Buyer’s corporate details; colored copies of the Seller’s POA and the Buyer’s and Buyer’s Mandate’s passport; and an Irrevocable Master Fee Protection Agreement (IMFPA) signed by the Buyer or Buyer’s Mandate and the Seller’s POA, with all Documents being delivered also to the other Parties named in the IMFPA.

  3. Upon execution and exchange of the SPA under clause 3.2, both parties shall simultaneously do the following:

  4. The Buyer shall arrange with the Buyer Bank blocked funds under an MT799 facility which the Buyer shall do at its own expense and this MT799 block funds instrument: shall mention the Seller and Transaction Code: SPA_______________; be a minimum value of USD 400,000,000 and remain in place pending the payment at settlement of each monthly shipment of the Product via an MT103;

  5. The Seller shall simultaneously issue an MT600 to confirm proof of product;

  6. Written confirmation of the financial arrangements in 3.3.1 and 3.3.2 shall be exchanged between each Party’s respective Bank Officers in the Banks mentioned in Appendix 1 of this SPA.

  • Both Parties acknowledge that the Buyer’s actions under clause 3.3.1 and the Seller’s actions under 3.3.2 are sufficient as respective Proof of Funds and Proof of Product.

  • Both Parties expressly acknowledge that the steps taken by both Parties under 3.1 – 3.4 are necessary conditions precedent to be fulfilled prior to the following terms and conditions being performed.

  • The Seller shall take all reasonably necessary steps to arrange for the shipment or transport, to the Buyer’s nominated Destination, of Product in the first and successive tranches.

  • The Seller agrees to pay all expenses incurred in the CIF Delivery of Product to Buyer’s Destination Airport and these expenses include but are not limited to freight and transport, export taxes and insurance related costs.

  • The Buyer agrees to pay all expenses incurred in transporting the Product from the destination Airport to its’ Final Destination where payment and transfer of title occur.

  • Both Parties expressly acknowledge that ownership of and title to the Product shall remain in the name of the Seller until:

  • The Buyer pays for the Product by MT103 transfer of funds, where the sum of funds is calculated according to clauses 1.6 – 1.12; at which point

    • The Seller, simultaneously with MT103 payment, transfers ownership of and title to the Product to the Buyer.

  1. Both Parties agree to repeat the process set out in clauses 3.1 – 3.10 for each shipment and both Parties expressly agree that the other Party owe contractual obligations to the other only for each separate shipment.

  2. All supporting documents are presented by both the Buyer’s and Seller’s Bank Officers and is performed under Full Bank Responsibility. The Buyer’s Assayer can enter the Private Safe Keeping Warehouse to inspect and test the AU if the Buyer request and the Documents List for the shipment of each tranche.

  3. Both Parties may vary the procedures outlined in clauses 3.1 – 3.12 in mutually agreed terms in writing.

  4. Once approved and accepted by the Buyer and Seller POA, transfer of funds will be made by the HSBC Buyer’s Bank Officer by MT 103, or ledger to ledger, to the Seller Account and once received, transfer of ownership will be made by the HSBC Seller’s Bank Officer to the Buyer.   Within 24 hours, after the exchange of funds and ownership, the Sellers and Buyers IMFPA’s will be paid to the respective Buyer Brokers, Sellers Brokers, Buyer Mandate, and Seller Mandate.

  5. Any changes to either Party’s banking details in Appendix 1 does not change any obligation owed by the Parties in the SPA to the parties mentioned in the IMFPA.

  6. These Terms and Conditions are subject to the Sales and Purchase Agreement (SPA) acceptable by both parties, Buyer and Seller. If the Sales and Purchase Agreement (SPA) is not accepted by both parties, Buyer and Seller, this agreement is null, and void and no claims can be made by either party.

Thank you for holding our hands in partnership.

Regards.

-Mbh Progress Team-

June 2020

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