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Aurum Utalium |
The undersigned, acting with authority and responsibility does hereby confirm the sale and transfer of the following commodity, subject to the terms, conditions and procedure set out hereunder:
COMMODITY:Gold Bullion (Aurum Utalium) In Bar Form of:
A) WEIGHT: 12.5 Kg
B) PURITY: 999.5%
QUANTITY: 200 MT Hong Kong
500 MT in Bangkok with Rolls & Extensions
TRANCHE :Minimum 10 Metric Tons
HALLMARK:Internationally Recognized and Accepted
PRICE :Shall be based on the Prevailing London Bullion Market
Association (LBMA) on Second Fix on the day of Closing/ Invoicing
DISCOUNTS :Twelve Percent (12%) Net to Buyer & Intermediaries Hong Kong Fourteen Percent (14%) Net to Buyer & Intermediaries Bangkok
PROFESSIONAL FEES: Two Percent (2%) to Facilitators Two Percent (2) to Buyer Intermediaries
PAYMENT :USD or EUR by SWIFT MT 103 or ICBPO for each Tranche
>Full Payment with good, clear, fully useable funds of non-criminal origin
Collateral: Blocked Funds, SBLC, BG, Promissory Note, MT 760 for $50
Millions USD by Buyer; Performance Bond of 2% by Seller
Documentation:
Certificate of Origin
Certificate of Ownership
Certificate of Weight List
Assayer Report
SKR Security House Hong Kong
Customs Clearance
Commercial Invoice
Certificate of Averring
TITLE
OFFERED COMMODITY ABOVE DESCRIBED FOR SALE ARE WITH GOOD, CLEAN TITLE, FREE FROM ANY LIEN, MORTGAGE, BILL OF SALE OR ENCUMBRANCES OF ANY NATURE.
PROCEDURE
1. BOTH THE SELLER AND BUYER WILL SIGN A PRIVATE SALES AND PURCHASE AGREEMENT AT A MEETING IN BANGKOK, THAILAND AND EXCHAN- GE FOUR ORIGINALS, TWO FOR EACH PRINCIPAL; BOTH PARTIES WILL LODGE THEIR CONTRACTS IN THEIR RESPECTIVE BANKS,
2. WITHIN 10 BANKING DAYS, THE SELLER BANK OFFICER SHALL CALL THE BUYER BANK OFFICER TO ESTABLISH A WINDOW FOR THE FOLLOWING SWIFT WIRE:
2.1 BUYER BANK SENDS ACKNOWLEDGEMENT OF CONTRACT NUMBER AND PRE-ADVISE OF COLLATERAL TO SELLER BANK IN FAVOR OF SELLER,
2.2 SELLER BANK SENDS CONFIRMATION OF CONTRACT NUMBER AND A PERFORMANCE BOND OF TWO PERCENT (2%) TO BUYER� BANK TO BLOCK THE BUYER COLLATERAL.
3. AND WITHIN THREE (3) BANKING DAYS, THE SELLER SHALL ENABLE THE BUYER TO VERIFY THAT THE GOLD BULLION HAS FINENESS OF 995.0 PER THOUSAND AND ABOVE, AT THE SECURITY HOUSE IN HONG KONG.
4. THEREAFTER; AFTER ACCCEPTANCE OF GOLD BULLION BY THE BUYER, THE BUYER AND SELLER SHALL CALCULATE THE FINAL PURCHASE PRICE,
THE BUYER SHALL ISSUE A CONDITIONAL PAYMENT TO EFFECT THE TRANSFER OF OWNERSHIP AND ALL DOCUMENTS OF THE SAID GOLD BULLION TO THE BUYER. THE BUYER ON RECEIPT OF OWNERHIP OF THE SAID GOLD BULLION SHALL ENSURE THE FULL RELEASE OF PAYMENT TO THE SELLER.
5. THE TRANCHE SHALL BE CONSIDERED CLOSED WHEN ARTICLE 4 HAS BEEN COMPLETED. ARTICLES 3 AND 4 SHALL BE REPEATED UNTIL THE CONTRACTUAL AMOUNT MENTIONED IN ITEM 2 HAS BEEN ATTAINED. ROLLS AND EXTENSIONS SHALL BE AT THE SOLE DISCRETION OF THE SELLER, AND IF GRANTED, SHALL BE ACCORDING TO THE EXISTING TERMS AND CONDITIONS.
6. SELLER AND BUYER AGREE TO ADHERE AND COMPLY WITH THE INTER-NATIONAL CHAMBER OF COMMERCE (ICC) POLICY.
The Buyer is invited to respond to this FCO within 5 banking days with the intent to buy from receipt thereof; said intent to buy should include the Bank coordinates, inclusive of the name of the Bullion Officer an his / her contact numbers. An Irrevocable Confirmed Purchase Order (ICPO) and IMFPA for Facilitators and Buyer Agents are required.
NOTE: THE ICPO TO BUY MUST BE ACCOMPANIED BY AN ACCEPTABLE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT, AND BOTH DOCUMENTS ARE TO BE NOTARIZED.
In OPEK there are experts from different areas of business and from different countries such as Arabs, British, Canadians, Malaysians, and Chinese. They are capable of conducting deals in a harmonious manner. In addition to our headquarter in Hong Kong our office in Kuala Lumpur will carry out similar business activities covering South East of Asia and the Arabian Gulf in a comprehensive manner.
So, if such an interactive and cooperative method of conducting business appeals to you, please contact us. We look forward to hearing from you and to our mutual cooperation. Your prompt and positive reply will be highly appreciated.
Regards,
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