Offer Gold Brinks to Brinks

**Admin** Thu Aug 25, 2022 9:37 am

Offer Gold +++++

COMMODITY DESCRIPTION:
TERMS AND CONDITIONS
1 Product: Aurum Utalium (AU) Gold Bars (1 kilogram bar form)
2 Quantity: Total: 25 MT PER MONTH X 12 MONTHS
3 Price: CIF PRICE – LME (twenty percent -20% / twenty percent -16% net to the Buyer )
4 Hallmark: LS Nikko (LS Nikko Korea)
5 Purity: 99.95/1,000 (99.95 – 99,99%)
6 Shipping: Valex or Brinks in Korea (FOB & CIP)
7 Payment: The buyer shall make payment via TT or SWIFT to the bank designated by the
seller
8 Smelting period: Less than five (5) years
9 Seller Side Commission Fees: NCNDA IMFPA Application (4%)
10 Group One 1.5% buyer side and Group Two 2.5% to Seller’s Side (Closed)
11 Buyer Side Commission Fees: Payable by the Buyer
TRANSACTION PROCEDURES:
CIF TRANSACTION PROCEDURE
1 THE SELLER PROVIDES A PASSPORT COPY, BUSINESS REGISTRATION COPY, THIS SALE AND PURCHASE AGREEMENT
TO THE BUYER AND BUYER COUNTERSIGNS THE DRAFT SPA IN 48 HOURS. BY SIGNATURE, SEAL AND EXECUTION,
IT BECOMES A FULL COMMERICAL RECOURSE CONTRACT.
2 WITHIN THREE (3) BANKING DAYS AFTER CONCLUSION OF THE MEETING OF THE PARTIES IN SOUTH KOREA. AND
THE DUE DILIGENCE BY THE BUYER REGARDING THE EXISTENCE AS WELL AS THE EXPORTABILITY OF THE GOLD,
BUYER’S BANK ISSUES A BANK CONFIRMATION LETTER (PROOF OF THE FUNDS) VIA SWIFT MT199/799. AND THE
SELLER’S BANK ISSUES FULL PROOF OF PRODUCT (POP) VIA MT600. POP AND POF MUST BE EXCHANGED AT THE
SAME TIME BETWEEN THE RESPECTIVE BANK OFFICERS.
PROOF OF PRODUCT (POP) LISTS WILL BE PROVIDED BY THE SELLER IN SOUTH KOREA :
• INTERNATIONALLY ACCEPTED PRESENT ASSAY CERTIFICATE AND HALLMARK CERTIFICATE
• CERTIFICATE OF OWNERSHIP

IN THE FORM OF AN AFFIDAVIT, TO BE PROVIDED AS PART OF THE PROOF OF PRODUCT IN THE DUE DILIGENCE
PROCESS BY THE BUYER CERTIFICATE OF NON-CRIMINAL ORIGIN AND, THAT THE GOLD IS FREE FROM LIENS AND
ENCUMBRANCES
• PACKING LIST
• SAFE KEEPING RECEIPT FROM STORAGE/WAREHOUSE (SKR)
• CERTIFICATE OF ORIGIN
• CERTIFICATE OF INSURANCE OF HALLMARK FOR FIVE YEARS
• TAX CLEARANCE CERTIFICATE
• EXPORT LICENSE
3 AFTER THE POP/POF VERIFICATION HAS CONCLUDED, THE BUYER TRANSFERS HIS FUNDS INTO SHINHAN BANK,
SEOUL, INTO AN ACCOUNT IN THE BUYER’S OWN NAME, TO FACILITATE THE "LEDGERTO-LEDGER" TRANSFER OF
PAYMENT UPON CLOSING. THE SELLER’S BANK OFFICER, UPON REQUEST, CAN FACILITATE THE OPENING OF THE
DEDICATED BANK ACCOUNT FOR THE BUYER.
4 ONCE THE BUYER’S FUNDS HAVE CLEARED ON DEPOSIT, THE SELLER'S BANK OFFICER CONTACTS THE BUYER’S BANK
OFFICER AND PROVIDES TRUE COPIES OF ALL THE PRODUCT DOCUMENTS NECESSARY TO CONVEY LEGAL TITLE OF
THE LIFT AMOUNT TO THE BUYER.
5 THE BUYER’S BANK OFFICER, AFTER POSITIVE VERIFICATION OF THE SELLER'S PRODUCT
DOCUMENTS, UPON INSTRUCTIONS OF THE BUYER, BLOCKS THE BUYER’S FUNDS FOR THE VALUE OF THE FIRST
TRANCHE LIFT AMOUNT AS A GUARANTEE OF PAYMENT FOR THE AU METAL.
6 THE SELLER/BUYER JOINTLY DELIVERS THE LIFT AMOUNT TO THE BUYER'S METAL REFINERY THROUGH BRINKS,
FOR A FINAL ASSAY/GOLD CERTIFICATE. BUYER MAY USE THEIR OWN CERTIFIED ASSAYERS TO PERFORM THE FINAL
ASSAY IN PLACE.

A NOTE: THE SELLER IS ALSO WILLING, UPONNB REQUEST, TO ARRANGE FOR SHINHAN BANK, SEOUL TO COLLECT
THE NEWLY ASSAYED BULLION DIRECTLY FROM METAL REFINERY AND MOVE THE FIRST TRANCHE LIFT AMOUNT
INTO THE BANK'S VAULT OR OUTSIDE BANKCONTROLLED DEPOSITORY

7 AFTER ASSAY COMPLETION, THE PARTIES’ BANK OFFICERS JOINTLY CALCULATE THE PURCHASE PRICE, BUYER MUST
RELEASE BLOCKED FUND AND RELEASE TO SELLER’S SHINHAN BANK ACCOUNT, THEN PLACE THE PRODUCT DOCUMENTS
INTO THE NAME OF THE BUYER AND PROCEED TO CLOSE THE TRANSACTION ON A "PAYMENT-VERSUS-DELIVERY
(TRANSFER OF TITLE)" BASIS.
A NOTICE: OUR PREFERENCE IS TO ENGAGE WITH KNOWLEDGEABLE AND EXPERIENCED BUYERS WHO POSSESS THE
DISCIPLINE AND FOCUS NECESSARY TO UNDERTAKE AND COMPLETE A LARGE-SCALE, BANK-MANAGED TRANSACTION,
AND DO SO IN AN ORDERLY, TIMELY AND PROFESSIONAL MANNER. BUYERS ARE ENCOURAGED TO UTILIZE
COMPETENT LEGAL COUNSEL AS APPROPRIATE.

8 PAYMENT CONDITION: AS MENTIONED ON (7), AFTER NEW ASSAY REPORT AT BUYER’S REFINERY, FINAL PAYMENT
VIA MT 103 CASH TRANSFER AND FUND RELEASE OF THE BLOCKED FUND TO SELLER’S BANK ACCOUNT. AFTER FUNDS
ARE RECEIVED, OWNERSHIP TITLE WILL BE CHANGED TO BUYER’S NAME.

We look forward to a positive reply from you and hopefully we can cooperate together.

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