GLD Standard Bullion (B) CIF Buying Procedure

WE ARE SELLING GOLD STANDARD BULLION
Notice to End Buyer:
There are controlling Treaties and international agreements that govern the conduct of sale of this gold bullion. These Gold Bullion accords preclude the Seller from transacting with Buyers who are unable or unwilling to adhere to the terms, conditions and procedures stated herein.

Description of Product:

Commodity: GLD Standard Bullion
Format 12.5 KG Bars
Purity 999.9% or better
Hallmarks Internationally Accepted Hallmarks: Johnson Matthey (JM) London
Age Under: Less than 5 years old.
All products are officially registered with LBMA
Delivery FOB/CIF at buyers designed place
Origin North America
Quantity 1500 MT (One Thousand Five Hundred Metric Tons) with possible rolls and extensions until Seller’s inventory is exhausted.
First tranche Lift Buyer’s Choice
Storage Banks: Barclays Bank HSBC Bank Hang Seng Bank Limited& Other Banks not mentioned.
Location UK & Other Countries
Trade Status Freely liftable and tradable and fully exportable
All governmental clearances and approvals
No liens, charges or encumbrances
Export permits already issued in the name of Seller

Price:
The agreed purchase price is the quoted price in USD or EUR as set forth in the latest valid Second Fixing Rate (PM) issued by the London Bullion Market Association (LBMA) on the Day-of-Transaction. In the event that the LBMA is not operating on that scheduled day, the price calculation used shall be based on second LBMA fixing of the next change to last Market opening day and per tranche.

Discount:
12% Gross Discount
9% Net to Buyer

3.0% Commission:
As stated below:
1.5% to Seller’s side
1.5% to Buyer’s side opened.

Payment: All Payments by Clear, Clean Money of Non-Criminal Origin and By Swift/Wire Transfer Mt103 within Maximum Three (3) Banking Days.

Transport Documentation
Each delivery shall be accompanied by a Bill of Lading with all necessary documentation in accordance with international law, which includes:
Original Certificate of Deposit
Four (4) Copies of commercial Invoices in favor of Buyer
Certificate of Origin
Certificate of Legal Ownership
Internationally Accepted Assay Certificate
Certificate of Insurance
Export Permit – Export License
Bank Warranty of Delivery
Custom Duty Seller’s Certificate stating that the refined Bullions are free and clear of all liens and encumbrances and freely tradable and exportable each bar and is of no criminal origin
Warehouse Receipts
Certificate of Weight List describing each bar as follows:
Serial Number as stamped on each bar
Fineness as stamped on each bar
Raw Weight as stamped on each bar
Total Weight as stamped on each bar
Receipt of Custom Duties and Taxes
Packing list

CIF BUYING Procedure

Both Seller and the Buyer will Make payment of the 100% shipping cost of the total amount of gold bullion to the buyers destinations refinery by sharing the 100% the shipping cost into two equal parts Shipping Cost:
. That is seller will pay 50% part
. While buyer will pay 50% part
Payable into the seller’s appointed tested reliable security & shipping company for their confirmation before shipment commence within 72 hours after confirmation of the 100% shipping payment as stated above.

Details
CIF BUYING Procedure

The transaction is being performed as an "Off-Market, Private Transaction", managed exclusively within the banking system. The procedures are fully bank-compliant and have been approved by the Seller's Host Bank. The procedures are, generally, as follows:
a) Buyer nominates the destination for the delivery of the first tranche.
b) Seller/owner of the gold bullion approves the destination nominated by the buyer.
c) After the approval of the delivery destination by buyer and seller, this contract will be signed and copy exchanged between buyer and seller by email regarded as the original copy.

d) The seller and Mr. buyer each will deposit a Refundable Shipment Security Guarantee (RSSG) on the amount of GBP 332,500 (Three Hundred & Thirty Two Thousand Five Hundred Great Britain Pounds into our Bank Bullion Officer (BBO) bank account within 48 hours banking days both seller and buyer agree to charter “Air Cargo Plane Transport For British Royal Family And Government Of United Kingdom” ,which our BBO is the shipping agent of the UK base appointed, tested and reliable shipping UK Government shipping . The buyer will send the Refundable Shipment Security Guarantee (RSSG) of the transfer notification to the seller, via email address. The amount may vary depending on quantity.
e) Within 72 banking hours of the seller and buyer each exchange the transfer notification of the (RSSG), the seller will send to the buyer via bank to bank MT600 Precious Metal Trade Confirmation confirming POP swift message the POP/SKR for the entire gold bullion bars and all the processed shipping documents in the name of the buyer for the first tranche of the gold bullion bars to verify and confirm the incoming shipment.
f) Within one (1) international banking working days from the buyer's confirmation of the POP/SKR of the entire gold amount from seller bank to buyer’s bank via bank to bank MT600 swift, seller shall instruct his tested and reliable appointed shipping company to commence the first shipment of the out of the total amount to the buyer's designated refinery
g) The buyer will coordinate with the seller and the seller tested and reliable appointed shipping company the receipt of the shipment and the securely move it to buyers designated refinery for assay.
h) Upon completion of the assay at the buyer's designated refinery, buyer shall send a copy of the assay report to the seller, via email address or by facsimile.
i) Within three (3) banking working days from the assay completion the buyer shall transfer the payment of the first shipment according to the appearing in the assay report to the seller's nominated bank account and the seller shall instruct his shipping agent that accompanied the shipment to release the gold bullion bars to the buyer and transfer the title in the name of the buyer or its assignee.
j) The seller and the buyer shall perform (E) to (J) until the entire depository is finish

Download full documentation and Application Form HERE