Offer Gold
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Offer Gold
Admin Fri Feb 24, 2023 1:38 pm
Dear Sir,
Please see below offer, we are selling Gold Bullion AU CIF & FOB as below procedure. Only to buyer who can accept seller terms of procedure, procedure is NON NEGOTIABLE.
Below attached FCO template and LOI template for CIF and FOB for your reference only. To discuss further please contact my phone number below for faster communication :
FOB
1 pallet = 400kg
Min 400kg - 800kg
Price - Discount.8/5 (gross/net).
12.5kg x 32 bar = 400kg ( 1 Pallet)
More than 3 pallet and above for One Delivery
Price - discount 9/6 (gross/net)
1.5% seller side.(closed)
1.5% buyer side (Open).
CIF Europe/turkey/Switzerland/USA delivery to buyer refinery LBMA registered.
Discount.9/6 (gross/net) .
1.5% seller side.(closed)
1.5% buyer side (Open)
Min 12 pallet max 35MT For One Delivery by airways.
We only send SCO/FCO to whoever buyer that accept seller terms. We are not sending OPEN SCO/FCO without buyer/ mandate company name to avoid circulating entire broker. No outside bank transaction and no upfront fees at all. Our seller is genuine and reliable with good record and we are working with 4 main supplier :
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Please take note from seller :
“Brink to Brink or Ledger to Ledger Procedure or Cash and carry”, is applicable specifically for the AU metal below 5 years old according to the Swiss Procedure of AU on LBMA market price.
Unfortunately, our product had exceeded 5 years old period, therefore, we are unable to comply to the suggested procedure since it is now classified under different term of “Execution of international trade, import, export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics’.
In our SOP all funds and products confirmation must be verified and authenticated with the SWIFT exchange key via a secure inter-bank SWIFT confirmation only, it had been regulated by LBMA for the Sale and Purchase of the second-hand gold.
Thus, our Seller have no other alternative but to comply and commit to the procedure guideline. We are sincerely apologized for any circumstances that your end had and may encounter.
Ready Stock for FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled) :
Zurich Switzerland 400MT
Geneva Switzerland 400MT
London UK 400MT
Frankfurt Germany 400MT
Istanbul Turkey 400MT
New York USA 400MT
Los Angeles USA 400 MT
Miami USA 400MT
Bangkok Thailand 400MT
India 400MT
Dubai 12,00MT
Singapore
:
Hong Kong 400MT
PENALTY
The Buyer and the Seller hereby agree to strictly follow the time limited in the a transaction procedure, if the POF (Proof of Funds) and POP (Proof of Product) fail to verify and confirm at the verification Process, that the defaulting party will pay 2% penalty in cash immediately to the aggrieved party, and if the defaulting party fails to pay 2% penalty, then aggrieved party shall be entitled to immediately commence legal proceeding against the defaulting party, and recover all of its legal fees, on an indemnity basis.
For both Seller and Buyer security, preferable only deal via bank-to-bank transaction for the Buyer to send POF and Seller to proof the POP.
No proving of POF and POP allows outside bank system, this to protect the documents from circulating and false information.
Thank you
Best Regards
We are working with 4 main supplier :
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Ready Stock FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled):
Zurich Switzerland 400MT
Geneva Switzerland 400MT
London UK 400MT
Frankfurt Germany 400MT
Istanbul Turkey 400MT
New York USA 400MT
Los Angeles USA 400 MT
Miami USA 400MT
Bangkok Thailand 400MT
India 400MT
Dubai 12,000MT
Singapore:
Hong Kong 400MT
Thank you
PRODUCT BACKGROUND
For info, we do sell second-hand goods of international precious metal HS 71081200 in the bar form of 1kg and 12.5kg weight with purity of 99.5%-99.9% (year 1999-2014). Nevertheless, we would like to brief you on our recommendation to resolve this matter. The gold that the seller is selling and its series have expired as recorded in the LBMA-SPDR-GLD system and to be proceed for certificate renewal before the Buyer can sell these products in the market.
This gold has been refined before between 6 and 20 years. The LBMA has qualified these gold as "recyclable" gold. The seller must not sell gold that competes with or fluctuates with the current LBMA gold market. The seller must sell "expired, recyclable and used" gold on the basis of business and banking procedures only. The Buyer shall require both the import and export license as they will become a reseller of the renewed product. In accordance with LBMA regulations, the gold that the Seller sells in Hong Kong, Switzerland, Canada, United States, England, German, United Arab Emirates or Thailand has already expired from the LBMA system.
HALLMARK Internationally recognised kindly refer to the list in SPA
PRICE
The advantage of buying this type of gold, the price of gold is always negotiable since the buyer not require to perform the payment to the seller unless the gold has been sent to undergo the refining process and a new certificate is issued. Refining cost shall be borne
by the Buyer. After the full payment made and receipt via MT103 then the title deed of
equal amount will be transferred to the Buyer.
COSTING
Secondly buyer does not incur much loss on the product costing for example, upon
sending 100kg bar with purity 99.5% or 99.8% for refining, the final quantity of refined bar with the purity 99.99% obtained is 98kgs. Therefore, buyer is required to pay for the final quantity of 98kgs only. The final quantities maybe vary depending on the presence of impurities in the initial bar of 99.5% or 99.8% prior refining. The appointed refinery must be recognized by the LBMA, before being authorized to proceed with the refining process to produce gold purify 999.9%.
SOP
We as the End Seller, are suggesting we deliver and sell the
precious metal with 99.5% ~ 99.9% purity directly to your appointed refinery recognized by LBMA in your country, US. In order for the seller to arrange the shipment, the seller would require the buyer to provide a guaranteed payment of Bank Payment Undertaking (BPU) such as SBLC via MT 799, or DLC via MT700, or BANK DRAFT via MT110 or BG via MT100 mortgage to the appointed correspondent bank provided by the seller, that suffices to cover one transaction the equal amount of precious metal. Buyer is required to use a "payment guarantee" or a "bank promise to pay blocked funds". Do note that it is not the final payment. This is approach to provide an assurance to the Seller that seller is indeed to receive the payment upon delivers of gold, ownership has been transferred, final refined and a new certificate has been issued, Buyer pay the seller with MT103 or some other money. This can be from a third party or a gold retailer.
In the event, if the final transaction is failed, the seller can use the blocked funds as compensation instead. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked. The procedure is creating the fairness and balance in trade.
Conversely, the seller must confirm this "expired, recyclable and used" gold with a
bank-to-bank confirmation via “SWIFT MT600”. The BPU is to verify that the buyer is indeed having a strong financial background. 2% performance bond is issued by Seller via MT 760 with the face value of the lift amount to activate the blocked fund issue by Buyer, prior to the seller releasing the product for delivery to refinery for a new, final assay.
In the event that the Seller shall fail to deliver any mutually agreed quantity to the Buyer’s appointed refinery within 5 days of the expected date, the Buyer shall be entitled to terminate this Integrated FCO and Sales and Purchase Agreement (SPA) or written notice to the Seller, without prejudice to its right to claim pursuant to the 2% performance bond or penalty. The procedure does not involve any risk for the Buyer and the Seller. The SOP itself is indeed win to win situation where no potential loophole in the procedural practise. Kindly refer to our FCO for the details of the SOP practise.
LOGISTIC, DELIVERY & INSURANCE COVERAGE
As for the "Declaration", "customs clearance" or "government clearance" shall be under the responsibility of the Seller, the Seller's bank, the Seller's insurance company and the Seller's logistics company and not the buyer.
1. Seller only deal through bank to bank transaction and no outside bank transaction are allowed to secure both paties buyer and seller.
2. Our transaction without upfront fees and no deposit at all.
3. Buyer Proof of Fund (POF) secured bank to bank by swift MT199 to seller bank.
4. Bullion Bank will send POP to buyer bank by Swift and NO POP outside bank to protect circulating document and to avoid false the documents over the Internet. Only bank officer incharge will have the copy to handle this transaction.
5. Buyer can request video from current physical stock under their name and passport copy after sign the SPA and before they Swift Block Fund to seller bank.
6. All Commission and payment are secured under ICC international laws.
Switzerland 800MT
London UK 400MT
Frankfurt 400MT
Istanbul 400MT
USA 1200MT
Bangkok 400MT
India 400MT
Dubai 12,000MT
HK 400MT
FOB
Switzerland 50,000MT above
London UK 10,000MT
Frankfurt 1000MT above
Istanbul 1000MT above
USA 5,000MT above
Bangkok 50,000MT above
Dubai 50,000MT above
HK 12,000MT above
Canada 10,000MT above
Our 4 main supplier :
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Dear,
The transaction shall be made ONLY via our bank and our CORRESPONDENT BANK as provided. We never do Ledger to Ledger, Swiss Procedure, or Brinks to brinks as we sell under regulation of our main supplier : LBMA, Comex, DMCC and ToCom. The owner is major members in our consortium and goverment of Thailand also related to this deal. We do private transaction and never disclose anything outside the bank before buyer fullfill the terms. We dont have any other procedure that can secure the transaction and its fair for both parties for a long relationships. We supply large amount of gold not only in Thailand and Dubai, but we do in Switzerland, USA, Canada, Hong Kong and other countries.
The SOP is regulated by LBMA for the secondhand Gold or Gold more than 5 years under the "execution of international trade, import export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics". Buyer may select the provided correspondent Bank according to their own preference and convenient.
Buyer bank start by sending RWA MT999 to Seller bank/ correspondent bank and Seller’s Bank will respond with MT999 for the confirmation of RWA of the POP mentioning readiness willing and able to supply the gold. We have provided bank officer details and information for your reference.
"MT999 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT999 swift message is easily explained as a “chat” message."
After your bank officer received MT999 from our bank, Buyer’s Bank issued Non- Operational DLC via Swift MT 700. Buyer is required to use a DLC via MT700 as a "payment guarantee" or a "bank promise to pay blocked funds". Basically this is to ensure that the Seller will get the payment if the Buyer fail to made a final payment via MT103 upon delivery of the good to Buyer refinery or after assayer. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked.
The DLC amount is equivalent to the lift amount of every tranche. Example : Buyer start with 400kg for 1st lifting, Buyer can take 400kg x 20 working days or every day or every week as long as they put block fund at 400kg value with Seller bank. This is Non Transferable and only value for 1 month. After the next month Buyer can topup or continue the same amount if they want.
After confirmed swift, Seller’s Bank issued Proof of Product (POP) via Swift MT600. Upon received the Non-Operative DLC via MT 700 issued by the Buyer’s Bank, Seller’s Bullion Bank will trigger the POP via Swift MT 600. The Buyer’s Bank shall then verify the authenticity of POP trigger.
Proof of Product (POP) via SWIFT MT600 to the Buyer’s Bank are as follows and a hard copy of POP via DHL to the Buyer’s Bank:
• Safe Keeping Receipt (SKR)
• Certificate of Origin
• Certificate of Legal Ownership
• Seller's Certificate stating that the GLD are free and clear of all liens and encumbrances and freely tradable and exportable and of non- criminal origin
• Certified Weight List and Assay describing each Bar as follows:
- Serial Number as stamped on each Bar
- Raw Weight as stamped on each Bar
- Internationally Accepted Assay Certificate and Hallmark Certificate
- Receipt of paid custom duties and taxes
- Export Permit(s)
- Insurance Certificate
- Commercial Invoice
- Packing List
- Airway Bill.
Seller’s Bank will issue 2% Performance Bond via MT 760
Prior to the confirmation by Buyer’s Bank ( only become operational after Buyer bank officer made a confirmation with Seller bank), Seller will trigger 2% Performance Bond via Swift MT 760 with the face value of the lift amount in order to activate the Blocke…
Gold Ready Stock FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security.
1. Seller only deal through bank to bank transaction and no outside bank transaction are allowed to secure both paties buyer and seller.
2. Our transaction without upfront fees and no deposit at all.
3. Buyer Proof of Fund (POF) secured bank to bank by swift MT199 to seller bank.
4. Bullion Bank will send POP to buyer bank by Swift and NO POP outside bank to protect circulating document and to avoid false the documents over the Internet. Only bank officer incharge will have the copy to handle this transaction.
5. Buyer can request video from current physical stock under their name and passport copy after sign the SPA and before they Swift Block Fund to seller bank.
6. All Commission and payment are secured under ICC international laws.
PRODUCT BACKGROUND
For info, we do sell second-hand goods of international precious metal HS 71081200 in the bar form of 1kg and 12.5kg weight with purity of 99.5%-99.9% (year 1999-2014). Nevertheless, we would like to brief you on our recommendation to resolve this matter. The gold that the seller is selling and its series have expired as recorded in the LBMA-SPDR-GLD system and to be proceed for certificate renewal before the Buyer can sell these products in the market.
This gold has been refined before between 6 and 20 years. The LBMA has qualified these gold as "recyclable" gold. The seller must not sell gold that competes with or fluctuates with the current LBMA gold market. The seller must sell "expired, recyclable and used" gold on the basis of business and banking procedures only. The Buyer shall require both the import and export license as they will become a reseller of the renewed product. In accordance with LBMA regulations, the gold that the Seller sells in Hong Kong, Switzerland, Canada, United States, England, German, United Arab Emirates or Thailand has already expired from the LBMA system.
HALLMARK Internationally recognised kindly refer to the list in SPA
PRICE
The advantage of buying this type of gold, the price of gold is always negotiable since the buyer not require to perform the payment to the seller unless the gold has been sent to undergo the refining process and a new certificate is issued. Refining cost shall be borne
by the Buyer. After the full payment made and receipt via MT103 then the title deed of
equal amount will be transferred to the Buyer.
COSTING
Secondly buyer does not incur much loss on the product costing for example, upon
sending 100kg bar with purity 99.5% or 99.8% for refining, the final quantity of refined bar with the purity 99.99% obtained is 98kgs. Therefore, buyer is required to pay for the final quantity of 98kgs only. The final quantities maybe vary depending on the presence of impurities in the initial bar of 99.5% or 99.8% prior refining. The appointed refinery must be recognized by the LBMA, before being authorized to proceed with the refining process to produce gold purify 999.9%.
SOP
We as the End Seller, are suggesting we deliver and sell the
precious metal with 99.5% ~ 99.9% purity directly to your appointed refinery recognized by LBMA in your country, US. In order for the seller to arrange the shipment, the seller would require the buyer to provide a guaranteed payment of Bank Payment Undertaking (BPU) such as SBLC via MT 799, or DLC via MT700, or BANK DRAFT via MT110 or BG via MT100 mortgage to the appointed correspondent bank provided by the seller, that suffices to cover one transaction the equal amount of precious metal. Buyer is required to use a "payment guarantee" or a "bank promise to pay blocked funds". Do note that it is not the final payment. This is approach to provide an assurance to the Seller that seller is indeed to receive the payment upon delivers of gold, ownership has been transferred, final refined and a new certificate has been issued, Buyer pay the seller with MT103 or some other money. This can be from a third party or a gold retailer.
In the event, if the final transaction is failed, the seller can use the blocked funds as compensation instead. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked. The procedure is creating the fairness and balance in trade.
Conversely, the seller must confirm this "expired, recyclable and used" gold with a
bank-to-bank confirmation via “SWIFT MT600”. The BPU is to verify that the buyer is indeed having a strong financial background. 2% performance bond is issued by Seller via MT 760 with the face value of the lift amount to activate the blocked fund issue by Buyer, prior to the seller releasing the product for delivery to refinery for a new, final assay.
In the event that the Seller shall fail to deliver any mutually agreed quantity to the Buyer’s appointed refinery within 5 days of the expected date, the Buyer shall be entitled to terminate this Integrated FCO and Sales and Purchase Agreement (SPA) or written notice to the Seller, without prejudice to its right to claim pursuant to the 2% performance bond or penalty. The procedure does not involve any risk for the Buyer and the Seller. The SOP itself is indeed win to win situation where no potential loophole in the procedural practise. Kindly refer to our FCO for the details of the SOP practise.
LOGISTIC, DELIVERY & INSURANCE COVERAGE
As for the "Declaration", "customs clearance" or "government clearance" shall be under the responsibility of the Seller, the Seller's bank, the Seller's insurance company and the Seller's logistics company and not the buyer.
Please take note from seller :
“Brink to Brink or Ledger to Ledger Procedure or Cash and carry”, is applicable specifically for the AU metal below 5 years old according to the Swiss Procedure of AU on LBMA market price.
Unfortunately, our product had exceeded 5 years old period, therefore, we are unable to comply to the suggested procedure since it is now classified under different term of “Execution of international trade, import, export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics’.
In our SOP all funds and products confirmation must be verified and authenticated with the SWIFT exchange key via a secure inter-bank SWIFT confirmation only, it had been regulated by LBMA for the Sale and Purchase of the second-hand gold.
Thus, our Seller have no other alternative but to comply and commit to the procedure guideline. We are sincerely apologized for any circumstances that your end had and may encounter.
Ready Stock for FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled)
Important Notes:
A- Physical inspection - Our private company's world-class vaults located in tax-free zones and/or bonded warehouses around the Bangkok region enable End Buyers to view, inspect and show high-value assets (gold bars) in secure, discreet, neutral and comfortable location.
B- The Seller will use Bangkok Bank to complete the transaction. Bangkok bank is NOT a bullion bank. They will not supply the MT600. We will use a third-party bank outside of Thailand. The banks that supply the MT600 are global banks that engage in bullion banking, including JP Morgan Chase & Co. and HSBC Holdings PLC, most of which are members of the London Bullion Market Association. We will use these banks as a third-party correspondent bank, as Thailand is NOT a "Bullion" country.
C- The recyclable gold stored in Thailand are foreign owners of 4 origins (no Thai because Thai gold has only 96.5% purity)
Dear,
SKR is part of POP and all related documents are belongs to Bullion Bank and those kind of documents will not disclose outside from the Seller bank. Only bank to bank swift communication can solve the problem.
Here is the things, the Seller company is a consortium company hold their authorisation to sell from their committee member behind them which is many owner behind them that cannot be disclose any of their information and only can be disclose by bullion bank officer after bullion bank received instructions from the owner of to gold after owner received their SWIFT MT700/MT799 from the buyer bank to seller corresponding bank.
The Buyer should create RMA if they doesnt have any relationship with seller bank by sending MT999/MT199 to Seller bank before Seller bank reply with RWA MT199/MT999 confirming ready, willing and able from their side ( confirm POP Ready and able to supply).
After the Buyer bank received MT199/MT999 from Seller bank, their bank reply with MT700/MT799 and this time after Seller confirmed and received swift, they will instruct Bullion Bank to send MT600 ( Soft Copy POP ). So, Buyer bullion bank will confirm first and authenticate documents before Seller send 2% PB to activate buyer MT700/MT799 swift. Swift will not become operational until Buyer bank officer said confirmed.
Then if all is okay, Bullion bank will send hard copy POP and 2% PB by courier to Buyer bank via DHL courier service. This time their MT799/MT700 will become operational.
All swift will be answer between 24 to 72 hours due to time zone different.
All offer is still valid and no time limit. We sent soft offer as sanitize only and for full corporate offer only can be send after Buyer send LOI. FCO will be more specific to focus on quantities, location and also will be more specific whether the Buyer choose CIF or FOB Basis. So the Buyer have to mention clearly what actually they looking at. And to be more specific our CIF or FOB DDP it will be depends on Buyer refinery capacity or quota of smelting. For take over at Seller warehouse we can do 10,000 mt weekly per Buyer....
Payment MT700 or MT799
Owner will not meeting up with Buyer..all by bank to bank...thays why we do LOI and then follow by FCO and SPA. Actually this deal easy if Buyer can cooperate with us by giving their loi according to our procedure and template..becauze from there we know they need what kind of procedure and qtty and whether they want to take over or CIF to Buyer refinery
Base with sco...qtty can change..location can change
note from seller :
“Brink to Brink or Ledger to Ledger Procedure or Cash and carry”, is applicable specifically for the AU metal below 5 years old according to the Swiss Procedure of AU on LBMA market price.
Unfortunately, our product had exceeded 5 years old period, therefore, we are unable to comply to the suggested procedure since it is now classified under different term of “Execution of international trade, import, export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics’.
In our SOP all funds and products confirmation must be verified and authenticated with the SWIFT exchange key via a secure inter-bank SWIFT confirmation only, it had been regulated by LBMA for the Sale and Purchase of the second-hand gold.
Thus, our Seller have no other alternative but to comply and commit to the procedure guideline. We are sincerely apologized for any circumstances that your end had and may encounter.
Ready Stock for FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled)
Important Notes:
A- Physical inspection - Our private company's world-class vaults located in tax-free zones and/or bonded warehouses around the Bangkok region enable End Buyers to view, inspect and show high-value assets (gold bars) in secure, discreet, neutral and comfortable location.
B- The Seller will use Bangkok Bank to complete the transaction. Bangkok bank is NOT a bullion bank. They will not supply the MT600. We will use a third-party bank outside of Thailand. The banks that supply the MT600 are global banks that engage in bullion banking, including JP Morgan Chase & Co. and HSBC Holdings PLC, most of which are members of the London Bullion Market Association. We will use these banks as a third-party correspondent bank, as Thailand is NOT a "Bullion" country.
C- The recyclable gold stored in Thailand are foreign owners of 4 origins (no Thai because Thai gold has only 96.5% purity)
Owner not only 1 person..we can say more than 20 to 30 ownership under members
Dear,
The transaction shall be made ONLY via our bank and our CORRESPONDENT BANK as provided. We never do Ledger to Ledger, Swiss Procedure, or Brinks to brinks as we sell under regulation of our main supplier : LBMA, Comex, DMCC and ToCom. The owner is major members in our consortium and goverment of Thailand also related to this deal. We do private transaction and never disclose anything outside the bank before buyer fullfill the terms. We dont have any other procedure that can secure the transaction and its fair for both parties for a long relationships. We supply large amount of gold not only in Thailand and Dubai, but we do in Switzerland, USA, Canada, Hong Kong and other countries.
The SOP is regulated by LBMA for the secondhand Gold or Gold more than 5 years under the "execution of international trade, import export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics". Buyer may select the provided correspondent Bank according to their own preference and convenient.
Buyer bank start by sending RWA MT999 to Seller bank/ correspondent bank and Seller’s Bank will respond with MT999 for the confirmation of RWA of the POP mentioning readiness willing and able to supply the gold. We have provided bank officer details and information for your reference.
"MT999 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT999 swift message is easily explained as a “chat” message."
After your bank officer received MT999 from our bank, Buyer’s Bank issued Non- Operational DLC via Swift MT 700. Buyer is required to use a DLC via MT700 as a "payment guarantee" or a "bank promise to pay blocked funds". Basically this is to ensure that the Seller will get the payment if the Buyer fail to made a final payment via MT103 upon delivery of the good to Buyer refinery or after assayer. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked.
The DLC amount is equivalent to the lift amount of every tranche. Example : Buyer start with 400kg for 1st lifting, Buyer can take 400kg x 20 working days or every day or every week as long as they put block fund at 400kg value with Seller bank. This is Non Transferable and only value for 1 month. After the next month Buyer can topup or continue the same amount if they want.
After confirmed swift, Seller’s Bank issued Proof of Product (POP) via Swift MT600. Upon received the Non-Operative DLC via MT 700 issued by the Buyer’s Bank, Seller’s Bullion Bank will trigger the POP via Swift MT 600. The Buyer’s Bank shall then verify the authenticity of POP trigger.
Proof of Product (POP) via SWIFT MT600 to the Buyer’s Bank are as follows and a hard copy of POP via DHL to the Buyer’s Bank:
• Safe Keeping Receipt (SKR)
• Certificate of Origin
• Certificate of Legal Ownership
• Seller's Certificate stating that the GLD are free and clear of all liens and encumbrances and freely tradable and exportable and of non- criminal origin
• Certified Weight List and Assay describing each Bar as follows:
- Serial Number as stamped on each Bar
- Raw Weight as stamped on each Bar
- Internationally Accepted Assay Certificate and Hallmark Certificate
- Receipt of paid custom duties and taxes
- Export Permit(s)
- Insurance Certificate
- Commercial Invoice
- Packing List
- Airway Bill.
Seller’s Bank will issue 2% Performance Bond via MT 760
Prior to the confirmation by Buyer’s Bank ( only become operational after Buyer bank officer made a confirmation with Seller bank), Seller will trigger 2% Performance Bond via Swift MT 760 with the face value of the lift amount in order to activate the Blocked Fund issued by the Buyer. That mean non-operational Blocked Fund will become fully operational after receiving MT 600 POP and 2% PB.
Contrary in the event that the Seller shall fail to deliver any mutually agreed quantity to the Buyer’s appointed refinery within 5 days of the expected date, the Buyer shall be entitled to terminate this Integrated FCO and Sales and Purchase Agreement (SPA) or written notice to the Seller, without prejudice to its right to claim pursuant to the 2% Performance Bond or penalty.
After activation of the Blocked Fund the Seller will instruct Depository or Security Warehouse officer in charged to issue DCL “Deposit Confirmation Letter” to invite Buyer, Buyer’s mandate as well as Buyer’s Assay team and Paymaster team to the Warehouse.
For the Purchase without Smelting, all business transaction and facilities provided and can be done in Warehouse as per explanation inDear,
The transaction shall be made ONLY via our bank and our CORRESPONDENT BANK as provided. We never do Ledger to Ledger, Swiss Procedure, or Brinks to brinks as we sell under regulation of our main supplier : LBMA, Comex, DMCC and ToCom. The owner is major members in our consortium and goverment of Thailand also related to this deal. We do private transaction and never disclose anything outside the bank before buyer fullfill the terms. We dont have any other procedure that can secure the transaction and its fair for both parties for a long relationships. We supply large amount of gold not only in Thailand and Dubai, but we do in Switzerland, USA, Canada, Hong Kong and other countries.
The SOP is regulated by LBMA for the secondhand Gold or Gold more than 5 years under the "execution of international trade, import export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics". Buyer may select the provided correspondent Bank according to their own preference and convenient.
Buyer bank start by sending RWA MT999 to Seller bank/ correspondent bank and Seller’s Bank will respond with MT999 for the confirmation of RWA of the POP mentioning readiness willing and able to supply the gold. We have provided bank officer details and information for your reference.
"MT999 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT999 swift message is easily explained as a “chat” message."
After your bank officer received MT999 from our bank, Buyer’s Bank issued Non- Operational DLC via Swift MT 700. Buyer is required to use a DLC via MT700 as a "payment guarantee" or a "bank promise to pay blocked funds". Basically this is to ensure that the Seller will get the payment if the Buyer fail to made a final payment via MT103 upon delivery of the good to Buyer refinery or after assayer. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked.
The DLC amount is equivalent to the lift …
1. Seller only deal through bank to bank transaction and no outside bank transaction are allowed to secure both paties buyer and seller.
2. Our transaction without upfront fees and no deposit at all.
3. Buyer Proof of Fund (POF) secured bank to bank by swift MT199 to seller bank.
4. Bullion Bank will send POP to buyer bank by Swift and NO POP outside bank to protect circulating document and to avoid false the documents over the Internet. Only bank officer incharge will have the copy to handle this transaction.
5. Buyer can request video from current physical stock under their name and passport copy after sign the SPA and before they Swift Block Fund to seller bank.
6. All Commission and payment are secured under ICC international laws.
Final payment by MT103 for final payment
https://brinksglobal.com/
Please see below offer, we are selling Gold Bullion AU CIF & FOB as below procedure. Only to buyer who can accept seller terms of procedure, procedure is NON NEGOTIABLE.
Below attached FCO template and LOI template for CIF and FOB for your reference only. To discuss further please contact my phone number below for faster communication :
FOB
1 pallet = 400kg
Min 400kg - 800kg
Price - Discount.8/5 (gross/net).
12.5kg x 32 bar = 400kg ( 1 Pallet)
More than 3 pallet and above for One Delivery
Price - discount 9/6 (gross/net)
1.5% seller side.(closed)
1.5% buyer side (Open).
CIF Europe/turkey/Switzerland/USA delivery to buyer refinery LBMA registered.
Discount.9/6 (gross/net) .
1.5% seller side.(closed)
1.5% buyer side (Open)
Min 12 pallet max 35MT For One Delivery by airways.
We only send SCO/FCO to whoever buyer that accept seller terms. We are not sending OPEN SCO/FCO without buyer/ mandate company name to avoid circulating entire broker. No outside bank transaction and no upfront fees at all. Our seller is genuine and reliable with good record and we are working with 4 main supplier :
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Please take note from seller :
“Brink to Brink or Ledger to Ledger Procedure or Cash and carry”, is applicable specifically for the AU metal below 5 years old according to the Swiss Procedure of AU on LBMA market price.
Unfortunately, our product had exceeded 5 years old period, therefore, we are unable to comply to the suggested procedure since it is now classified under different term of “Execution of international trade, import, export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics’.
In our SOP all funds and products confirmation must be verified and authenticated with the SWIFT exchange key via a secure inter-bank SWIFT confirmation only, it had been regulated by LBMA for the Sale and Purchase of the second-hand gold.
Thus, our Seller have no other alternative but to comply and commit to the procedure guideline. We are sincerely apologized for any circumstances that your end had and may encounter.
Ready Stock for FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled) :
Zurich Switzerland 400MT
Geneva Switzerland 400MT
London UK 400MT
Frankfurt Germany 400MT
Istanbul Turkey 400MT
New York USA 400MT
Los Angeles USA 400 MT
Miami USA 400MT
Bangkok Thailand 400MT
India 400MT
Dubai 12,00MT
Singapore
:Hong Kong 400MT
PENALTY
The Buyer and the Seller hereby agree to strictly follow the time limited in the a transaction procedure, if the POF (Proof of Funds) and POP (Proof of Product) fail to verify and confirm at the verification Process, that the defaulting party will pay 2% penalty in cash immediately to the aggrieved party, and if the defaulting party fails to pay 2% penalty, then aggrieved party shall be entitled to immediately commence legal proceeding against the defaulting party, and recover all of its legal fees, on an indemnity basis.
For both Seller and Buyer security, preferable only deal via bank-to-bank transaction for the Buyer to send POF and Seller to proof the POP.
No proving of POF and POP allows outside bank system, this to protect the documents from circulating and false information.
Thank you
Best Regards
We are working with 4 main supplier :
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Ready Stock FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled):
Zurich Switzerland 400MT
Geneva Switzerland 400MT
London UK 400MT
Frankfurt Germany 400MT
Istanbul Turkey 400MT
New York USA 400MT
Los Angeles USA 400 MT
Miami USA 400MT
Bangkok Thailand 400MT
India 400MT
Dubai 12,000MT
Singapore
:Hong Kong 400MT
Thank you
PRODUCT BACKGROUND
For info, we do sell second-hand goods of international precious metal HS 71081200 in the bar form of 1kg and 12.5kg weight with purity of 99.5%-99.9% (year 1999-2014). Nevertheless, we would like to brief you on our recommendation to resolve this matter. The gold that the seller is selling and its series have expired as recorded in the LBMA-SPDR-GLD system and to be proceed for certificate renewal before the Buyer can sell these products in the market.
This gold has been refined before between 6 and 20 years. The LBMA has qualified these gold as "recyclable" gold. The seller must not sell gold that competes with or fluctuates with the current LBMA gold market. The seller must sell "expired, recyclable and used" gold on the basis of business and banking procedures only. The Buyer shall require both the import and export license as they will become a reseller of the renewed product. In accordance with LBMA regulations, the gold that the Seller sells in Hong Kong, Switzerland, Canada, United States, England, German, United Arab Emirates or Thailand has already expired from the LBMA system.
HALLMARK Internationally recognised kindly refer to the list in SPA
PRICE
The advantage of buying this type of gold, the price of gold is always negotiable since the buyer not require to perform the payment to the seller unless the gold has been sent to undergo the refining process and a new certificate is issued. Refining cost shall be borne
by the Buyer. After the full payment made and receipt via MT103 then the title deed of
equal amount will be transferred to the Buyer.
COSTING
Secondly buyer does not incur much loss on the product costing for example, upon
sending 100kg bar with purity 99.5% or 99.8% for refining, the final quantity of refined bar with the purity 99.99% obtained is 98kgs. Therefore, buyer is required to pay for the final quantity of 98kgs only. The final quantities maybe vary depending on the presence of impurities in the initial bar of 99.5% or 99.8% prior refining. The appointed refinery must be recognized by the LBMA, before being authorized to proceed with the refining process to produce gold purify 999.9%.
SOP
We as the End Seller, are suggesting we deliver and sell the
precious metal with 99.5% ~ 99.9% purity directly to your appointed refinery recognized by LBMA in your country, US. In order for the seller to arrange the shipment, the seller would require the buyer to provide a guaranteed payment of Bank Payment Undertaking (BPU) such as SBLC via MT 799, or DLC via MT700, or BANK DRAFT via MT110 or BG via MT100 mortgage to the appointed correspondent bank provided by the seller, that suffices to cover one transaction the equal amount of precious metal. Buyer is required to use a "payment guarantee" or a "bank promise to pay blocked funds". Do note that it is not the final payment. This is approach to provide an assurance to the Seller that seller is indeed to receive the payment upon delivers of gold, ownership has been transferred, final refined and a new certificate has been issued, Buyer pay the seller with MT103 or some other money. This can be from a third party or a gold retailer.
In the event, if the final transaction is failed, the seller can use the blocked funds as compensation instead. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked. The procedure is creating the fairness and balance in trade.
Conversely, the seller must confirm this "expired, recyclable and used" gold with a
bank-to-bank confirmation via “SWIFT MT600”. The BPU is to verify that the buyer is indeed having a strong financial background. 2% performance bond is issued by Seller via MT 760 with the face value of the lift amount to activate the blocked fund issue by Buyer, prior to the seller releasing the product for delivery to refinery for a new, final assay.
In the event that the Seller shall fail to deliver any mutually agreed quantity to the Buyer’s appointed refinery within 5 days of the expected date, the Buyer shall be entitled to terminate this Integrated FCO and Sales and Purchase Agreement (SPA) or written notice to the Seller, without prejudice to its right to claim pursuant to the 2% performance bond or penalty. The procedure does not involve any risk for the Buyer and the Seller. The SOP itself is indeed win to win situation where no potential loophole in the procedural practise. Kindly refer to our FCO for the details of the SOP practise.
LOGISTIC, DELIVERY & INSURANCE COVERAGE
As for the "Declaration", "customs clearance" or "government clearance" shall be under the responsibility of the Seller, the Seller's bank, the Seller's insurance company and the Seller's logistics company and not the buyer.
1. Seller only deal through bank to bank transaction and no outside bank transaction are allowed to secure both paties buyer and seller.
2. Our transaction without upfront fees and no deposit at all.
3. Buyer Proof of Fund (POF) secured bank to bank by swift MT199 to seller bank.
4. Bullion Bank will send POP to buyer bank by Swift and NO POP outside bank to protect circulating document and to avoid false the documents over the Internet. Only bank officer incharge will have the copy to handle this transaction.
5. Buyer can request video from current physical stock under their name and passport copy after sign the SPA and before they Swift Block Fund to seller bank.
6. All Commission and payment are secured under ICC international laws.
Switzerland 800MT
London UK 400MT
Frankfurt 400MT
Istanbul 400MT
USA 1200MT
Bangkok 400MT
India 400MT
Dubai 12,000MT
HK 400MT
FOBSwitzerland 50,000MT above
London UK 10,000MT
Frankfurt 1000MT above
Istanbul 1000MT above
USA 5,000MT above
Bangkok 50,000MT above
Dubai 50,000MT above
HK 12,000MT above
Canada 10,000MT above
Our 4 main supplier :
• London Bullion Market Association (LBMA)
• CME Group – Market Contract: COMEX
• Tokyo Commodity Exchange (TOCOM)
• Dubai Multi Commodities Centre (DMCC)
Dear,
The transaction shall be made ONLY via our bank and our CORRESPONDENT BANK as provided. We never do Ledger to Ledger, Swiss Procedure, or Brinks to brinks as we sell under regulation of our main supplier : LBMA, Comex, DMCC and ToCom. The owner is major members in our consortium and goverment of Thailand also related to this deal. We do private transaction and never disclose anything outside the bank before buyer fullfill the terms. We dont have any other procedure that can secure the transaction and its fair for both parties for a long relationships. We supply large amount of gold not only in Thailand and Dubai, but we do in Switzerland, USA, Canada, Hong Kong and other countries.
The SOP is regulated by LBMA for the secondhand Gold or Gold more than 5 years under the "execution of international trade, import export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics". Buyer may select the provided correspondent Bank according to their own preference and convenient.
Buyer bank start by sending RWA MT999 to Seller bank/ correspondent bank and Seller’s Bank will respond with MT999 for the confirmation of RWA of the POP mentioning readiness willing and able to supply the gold. We have provided bank officer details and information for your reference.
"MT999 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT999 swift message is easily explained as a “chat” message."
After your bank officer received MT999 from our bank, Buyer’s Bank issued Non- Operational DLC via Swift MT 700. Buyer is required to use a DLC via MT700 as a "payment guarantee" or a "bank promise to pay blocked funds". Basically this is to ensure that the Seller will get the payment if the Buyer fail to made a final payment via MT103 upon delivery of the good to Buyer refinery or after assayer. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked.
The DLC amount is equivalent to the lift amount of every tranche. Example : Buyer start with 400kg for 1st lifting, Buyer can take 400kg x 20 working days or every day or every week as long as they put block fund at 400kg value with Seller bank. This is Non Transferable and only value for 1 month. After the next month Buyer can topup or continue the same amount if they want.
After confirmed swift, Seller’s Bank issued Proof of Product (POP) via Swift MT600. Upon received the Non-Operative DLC via MT 700 issued by the Buyer’s Bank, Seller’s Bullion Bank will trigger the POP via Swift MT 600. The Buyer’s Bank shall then verify the authenticity of POP trigger.
Proof of Product (POP) via SWIFT MT600 to the Buyer’s Bank are as follows and a hard copy of POP via DHL to the Buyer’s Bank:
• Safe Keeping Receipt (SKR)
• Certificate of Origin
• Certificate of Legal Ownership
• Seller's Certificate stating that the GLD are free and clear of all liens and encumbrances and freely tradable and exportable and of non- criminal origin
• Certified Weight List and Assay describing each Bar as follows:
- Serial Number as stamped on each Bar
- Raw Weight as stamped on each Bar
- Internationally Accepted Assay Certificate and Hallmark Certificate
- Receipt of paid custom duties and taxes
- Export Permit(s)
- Insurance Certificate
- Commercial Invoice
- Packing List
- Airway Bill.
Seller’s Bank will issue 2% Performance Bond via MT 760
Prior to the confirmation by Buyer’s Bank ( only become operational after Buyer bank officer made a confirmation with Seller bank), Seller will trigger 2% Performance Bond via Swift MT 760 with the face value of the lift amount in order to activate the Blocke…
Gold Ready Stock FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security.
1. Seller only deal through bank to bank transaction and no outside bank transaction are allowed to secure both paties buyer and seller.
2. Our transaction without upfront fees and no deposit at all.
3. Buyer Proof of Fund (POF) secured bank to bank by swift MT199 to seller bank.
4. Bullion Bank will send POP to buyer bank by Swift and NO POP outside bank to protect circulating document and to avoid false the documents over the Internet. Only bank officer incharge will have the copy to handle this transaction.
5. Buyer can request video from current physical stock under their name and passport copy after sign the SPA and before they Swift Block Fund to seller bank.
6. All Commission and payment are secured under ICC international laws.
PRODUCT BACKGROUND
For info, we do sell second-hand goods of international precious metal HS 71081200 in the bar form of 1kg and 12.5kg weight with purity of 99.5%-99.9% (year 1999-2014). Nevertheless, we would like to brief you on our recommendation to resolve this matter. The gold that the seller is selling and its series have expired as recorded in the LBMA-SPDR-GLD system and to be proceed for certificate renewal before the Buyer can sell these products in the market.
This gold has been refined before between 6 and 20 years. The LBMA has qualified these gold as "recyclable" gold. The seller must not sell gold that competes with or fluctuates with the current LBMA gold market. The seller must sell "expired, recyclable and used" gold on the basis of business and banking procedures only. The Buyer shall require both the import and export license as they will become a reseller of the renewed product. In accordance with LBMA regulations, the gold that the Seller sells in Hong Kong, Switzerland, Canada, United States, England, German, United Arab Emirates or Thailand has already expired from the LBMA system.
HALLMARK Internationally recognised kindly refer to the list in SPA
PRICE
The advantage of buying this type of gold, the price of gold is always negotiable since the buyer not require to perform the payment to the seller unless the gold has been sent to undergo the refining process and a new certificate is issued. Refining cost shall be borne
by the Buyer. After the full payment made and receipt via MT103 then the title deed of
equal amount will be transferred to the Buyer.
COSTING
Secondly buyer does not incur much loss on the product costing for example, upon
sending 100kg bar with purity 99.5% or 99.8% for refining, the final quantity of refined bar with the purity 99.99% obtained is 98kgs. Therefore, buyer is required to pay for the final quantity of 98kgs only. The final quantities maybe vary depending on the presence of impurities in the initial bar of 99.5% or 99.8% prior refining. The appointed refinery must be recognized by the LBMA, before being authorized to proceed with the refining process to produce gold purify 999.9%.
SOP
We as the End Seller, are suggesting we deliver and sell the
precious metal with 99.5% ~ 99.9% purity directly to your appointed refinery recognized by LBMA in your country, US. In order for the seller to arrange the shipment, the seller would require the buyer to provide a guaranteed payment of Bank Payment Undertaking (BPU) such as SBLC via MT 799, or DLC via MT700, or BANK DRAFT via MT110 or BG via MT100 mortgage to the appointed correspondent bank provided by the seller, that suffices to cover one transaction the equal amount of precious metal. Buyer is required to use a "payment guarantee" or a "bank promise to pay blocked funds". Do note that it is not the final payment. This is approach to provide an assurance to the Seller that seller is indeed to receive the payment upon delivers of gold, ownership has been transferred, final refined and a new certificate has been issued, Buyer pay the seller with MT103 or some other money. This can be from a third party or a gold retailer.
In the event, if the final transaction is failed, the seller can use the blocked funds as compensation instead. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked. The procedure is creating the fairness and balance in trade.
Conversely, the seller must confirm this "expired, recyclable and used" gold with a
bank-to-bank confirmation via “SWIFT MT600”. The BPU is to verify that the buyer is indeed having a strong financial background. 2% performance bond is issued by Seller via MT 760 with the face value of the lift amount to activate the blocked fund issue by Buyer, prior to the seller releasing the product for delivery to refinery for a new, final assay.
In the event that the Seller shall fail to deliver any mutually agreed quantity to the Buyer’s appointed refinery within 5 days of the expected date, the Buyer shall be entitled to terminate this Integrated FCO and Sales and Purchase Agreement (SPA) or written notice to the Seller, without prejudice to its right to claim pursuant to the 2% performance bond or penalty. The procedure does not involve any risk for the Buyer and the Seller. The SOP itself is indeed win to win situation where no potential loophole in the procedural practise. Kindly refer to our FCO for the details of the SOP practise.
LOGISTIC, DELIVERY & INSURANCE COVERAGE
As for the "Declaration", "customs clearance" or "government clearance" shall be under the responsibility of the Seller, the Seller's bank, the Seller's insurance company and the Seller's logistics company and not the buyer.
Please take note from seller :
“Brink to Brink or Ledger to Ledger Procedure or Cash and carry”, is applicable specifically for the AU metal below 5 years old according to the Swiss Procedure of AU on LBMA market price.
Unfortunately, our product had exceeded 5 years old period, therefore, we are unable to comply to the suggested procedure since it is now classified under different term of “Execution of international trade, import, export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics’.
In our SOP all funds and products confirmation must be verified and authenticated with the SWIFT exchange key via a secure inter-bank SWIFT confirmation only, it had been regulated by LBMA for the Sale and Purchase of the second-hand gold.
Thus, our Seller have no other alternative but to comply and commit to the procedure guideline. We are sincerely apologized for any circumstances that your end had and may encounter.
Ready Stock for FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled)
Important Notes:
A- Physical inspection - Our private company's world-class vaults located in tax-free zones and/or bonded warehouses around the Bangkok region enable End Buyers to view, inspect and show high-value assets (gold bars) in secure, discreet, neutral and comfortable location.
B- The Seller will use Bangkok Bank to complete the transaction. Bangkok bank is NOT a bullion bank. They will not supply the MT600. We will use a third-party bank outside of Thailand. The banks that supply the MT600 are global banks that engage in bullion banking, including JP Morgan Chase & Co. and HSBC Holdings PLC, most of which are members of the London Bullion Market Association. We will use these banks as a third-party correspondent bank, as Thailand is NOT a "Bullion" country.
C- The recyclable gold stored in Thailand are foreign owners of 4 origins (no Thai because Thai gold has only 96.5% purity)
Dear,
SKR is part of POP and all related documents are belongs to Bullion Bank and those kind of documents will not disclose outside from the Seller bank. Only bank to bank swift communication can solve the problem.
Here is the things, the Seller company is a consortium company hold their authorisation to sell from their committee member behind them which is many owner behind them that cannot be disclose any of their information and only can be disclose by bullion bank officer after bullion bank received instructions from the owner of to gold after owner received their SWIFT MT700/MT799 from the buyer bank to seller corresponding bank.
The Buyer should create RMA if they doesnt have any relationship with seller bank by sending MT999/MT199 to Seller bank before Seller bank reply with RWA MT199/MT999 confirming ready, willing and able from their side ( confirm POP Ready and able to supply).
After the Buyer bank received MT199/MT999 from Seller bank, their bank reply with MT700/MT799 and this time after Seller confirmed and received swift, they will instruct Bullion Bank to send MT600 ( Soft Copy POP ). So, Buyer bullion bank will confirm first and authenticate documents before Seller send 2% PB to activate buyer MT700/MT799 swift. Swift will not become operational until Buyer bank officer said confirmed.
Then if all is okay, Bullion bank will send hard copy POP and 2% PB by courier to Buyer bank via DHL courier service. This time their MT799/MT700 will become operational.
All swift will be answer between 24 to 72 hours due to time zone different.
All offer is still valid and no time limit. We sent soft offer as sanitize only and for full corporate offer only can be send after Buyer send LOI. FCO will be more specific to focus on quantities, location and also will be more specific whether the Buyer choose CIF or FOB Basis. So the Buyer have to mention clearly what actually they looking at. And to be more specific our CIF or FOB DDP it will be depends on Buyer refinery capacity or quota of smelting. For take over at Seller warehouse we can do 10,000 mt weekly per Buyer....
Payment MT700 or MT799
Owner will not meeting up with Buyer..all by bank to bank...thays why we do LOI and then follow by FCO and SPA. Actually this deal easy if Buyer can cooperate with us by giving their loi according to our procedure and template..becauze from there we know they need what kind of procedure and qtty and whether they want to take over or CIF to Buyer refinery
Base with sco...qtty can change..location can change
note from seller :
“Brink to Brink or Ledger to Ledger Procedure or Cash and carry”, is applicable specifically for the AU metal below 5 years old according to the Swiss Procedure of AU on LBMA market price.
Unfortunately, our product had exceeded 5 years old period, therefore, we are unable to comply to the suggested procedure since it is now classified under different term of “Execution of international trade, import, export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics’.
In our SOP all funds and products confirmation must be verified and authenticated with the SWIFT exchange key via a secure inter-bank SWIFT confirmation only, it had been regulated by LBMA for the Sale and Purchase of the second-hand gold.
Thus, our Seller have no other alternative but to comply and commit to the procedure guideline. We are sincerely apologized for any circumstances that your end had and may encounter.
Ready Stock for FOB ( All stored in Free Trade Zone Private Warehouse with insurance and Security. POP will be provided when seller Terms & Condition are fulfilled)
Important Notes:
A- Physical inspection - Our private company's world-class vaults located in tax-free zones and/or bonded warehouses around the Bangkok region enable End Buyers to view, inspect and show high-value assets (gold bars) in secure, discreet, neutral and comfortable location.
B- The Seller will use Bangkok Bank to complete the transaction. Bangkok bank is NOT a bullion bank. They will not supply the MT600. We will use a third-party bank outside of Thailand. The banks that supply the MT600 are global banks that engage in bullion banking, including JP Morgan Chase & Co. and HSBC Holdings PLC, most of which are members of the London Bullion Market Association. We will use these banks as a third-party correspondent bank, as Thailand is NOT a "Bullion" country.
C- The recyclable gold stored in Thailand are foreign owners of 4 origins (no Thai because Thai gold has only 96.5% purity)
Owner not only 1 person..we can say more than 20 to 30 ownership under members
Dear,
The transaction shall be made ONLY via our bank and our CORRESPONDENT BANK as provided. We never do Ledger to Ledger, Swiss Procedure, or Brinks to brinks as we sell under regulation of our main supplier : LBMA, Comex, DMCC and ToCom. The owner is major members in our consortium and goverment of Thailand also related to this deal. We do private transaction and never disclose anything outside the bank before buyer fullfill the terms. We dont have any other procedure that can secure the transaction and its fair for both parties for a long relationships. We supply large amount of gold not only in Thailand and Dubai, but we do in Switzerland, USA, Canada, Hong Kong and other countries.
The SOP is regulated by LBMA for the secondhand Gold or Gold more than 5 years under the "execution of international trade, import export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics". Buyer may select the provided correspondent Bank according to their own preference and convenient.
Buyer bank start by sending RWA MT999 to Seller bank/ correspondent bank and Seller’s Bank will respond with MT999 for the confirmation of RWA of the POP mentioning readiness willing and able to supply the gold. We have provided bank officer details and information for your reference.
"MT999 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT999 swift message is easily explained as a “chat” message."
After your bank officer received MT999 from our bank, Buyer’s Bank issued Non- Operational DLC via Swift MT 700. Buyer is required to use a DLC via MT700 as a "payment guarantee" or a "bank promise to pay blocked funds". Basically this is to ensure that the Seller will get the payment if the Buyer fail to made a final payment via MT103 upon delivery of the good to Buyer refinery or after assayer. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked.
The DLC amount is equivalent to the lift amount of every tranche. Example : Buyer start with 400kg for 1st lifting, Buyer can take 400kg x 20 working days or every day or every week as long as they put block fund at 400kg value with Seller bank. This is Non Transferable and only value for 1 month. After the next month Buyer can topup or continue the same amount if they want.
After confirmed swift, Seller’s Bank issued Proof of Product (POP) via Swift MT600. Upon received the Non-Operative DLC via MT 700 issued by the Buyer’s Bank, Seller’s Bullion Bank will trigger the POP via Swift MT 600. The Buyer’s Bank shall then verify the authenticity of POP trigger.
Proof of Product (POP) via SWIFT MT600 to the Buyer’s Bank are as follows and a hard copy of POP via DHL to the Buyer’s Bank:
• Safe Keeping Receipt (SKR)
• Certificate of Origin
• Certificate of Legal Ownership
• Seller's Certificate stating that the GLD are free and clear of all liens and encumbrances and freely tradable and exportable and of non- criminal origin
• Certified Weight List and Assay describing each Bar as follows:
- Serial Number as stamped on each Bar
- Raw Weight as stamped on each Bar
- Internationally Accepted Assay Certificate and Hallmark Certificate
- Receipt of paid custom duties and taxes
- Export Permit(s)
- Insurance Certificate
- Commercial Invoice
- Packing List
- Airway Bill.
Seller’s Bank will issue 2% Performance Bond via MT 760
Prior to the confirmation by Buyer’s Bank ( only become operational after Buyer bank officer made a confirmation with Seller bank), Seller will trigger 2% Performance Bond via Swift MT 760 with the face value of the lift amount in order to activate the Blocked Fund issued by the Buyer. That mean non-operational Blocked Fund will become fully operational after receiving MT 600 POP and 2% PB.
Contrary in the event that the Seller shall fail to deliver any mutually agreed quantity to the Buyer’s appointed refinery within 5 days of the expected date, the Buyer shall be entitled to terminate this Integrated FCO and Sales and Purchase Agreement (SPA) or written notice to the Seller, without prejudice to its right to claim pursuant to the 2% Performance Bond or penalty.
After activation of the Blocked Fund the Seller will instruct Depository or Security Warehouse officer in charged to issue DCL “Deposit Confirmation Letter” to invite Buyer, Buyer’s mandate as well as Buyer’s Assay team and Paymaster team to the Warehouse.
For the Purchase without Smelting, all business transaction and facilities provided and can be done in Warehouse as per explanation inDear,
The transaction shall be made ONLY via our bank and our CORRESPONDENT BANK as provided. We never do Ledger to Ledger, Swiss Procedure, or Brinks to brinks as we sell under regulation of our main supplier : LBMA, Comex, DMCC and ToCom. The owner is major members in our consortium and goverment of Thailand also related to this deal. We do private transaction and never disclose anything outside the bank before buyer fullfill the terms. We dont have any other procedure that can secure the transaction and its fair for both parties for a long relationships. We supply large amount of gold not only in Thailand and Dubai, but we do in Switzerland, USA, Canada, Hong Kong and other countries.
The SOP is regulated by LBMA for the secondhand Gold or Gold more than 5 years under the "execution of international trade, import export of expired, recyclable and used international precious metals, land and air transport, import and export by third party logistics". Buyer may select the provided correspondent Bank according to their own preference and convenient.
Buyer bank start by sending RWA MT999 to Seller bank/ correspondent bank and Seller’s Bank will respond with MT999 for the confirmation of RWA of the POP mentioning readiness willing and able to supply the gold. We have provided bank officer details and information for your reference.
"MT999 means a is an Interbank Message used between two banks to transmit a SKR or a free format message engaging two bank’s readiness to move forward with a transaction, usually a private one. A MT999 swift message is easily explained as a “chat” message."
After your bank officer received MT999 from our bank, Buyer’s Bank issued Non- Operational DLC via Swift MT 700. Buyer is required to use a DLC via MT700 as a "payment guarantee" or a "bank promise to pay blocked funds". Basically this is to ensure that the Seller will get the payment if the Buyer fail to made a final payment via MT103 upon delivery of the good to Buyer refinery or after assayer. Meanwhile if all goes well with the final payment, the blocked funds will automatically to be revoked.
The DLC amount is equivalent to the lift …
1. Seller only deal through bank to bank transaction and no outside bank transaction are allowed to secure both paties buyer and seller.
2. Our transaction without upfront fees and no deposit at all.
3. Buyer Proof of Fund (POF) secured bank to bank by swift MT199 to seller bank.
4. Bullion Bank will send POP to buyer bank by Swift and NO POP outside bank to protect circulating document and to avoid false the documents over the Internet. Only bank officer incharge will have the copy to handle this transaction.
5. Buyer can request video from current physical stock under their name and passport copy after sign the SPA and before they Swift Block Fund to seller bank.
6. All Commission and payment are secured under ICC international laws.
Final payment by MT103 for final payment
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