GLD Standard Bullion (C) Buying through a Bank & Ledger to Ledger 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

Buying through a Bank & Ledger to Ledger Procedure

Details of the Buying through a Bank & Ledger to Ledger Procedure
Transfer of Ownership via Issuance of Gold Bullion Financial Safekeeping Receipt & Bank Custodian Administrative Charges:

1.Since the buyer want the Transfer of Ownership Via Issuance of Gold Bullion Financial Safekeeping Receipt and later move the physical gold bullion to his nominated destination at the end of the contract , according to the Buy & Sell contract from the Seller Depository Holding Bank, The Seller Gold Bullion Holding Depository Bank will process & issue to the buyer a fresh Transfer of Ownership Transfer Documents Like Gold Bullion Financial Safekeeping Receipt together with other Gold Bullion Related Depository Documents in the name of the buyer.

2.Meanwhile,before this above is done the buyer will be urgently required to Deposit/Pay the sum of GBP 500,000 .00 (Five Hundred Thousand Great Britain Pounds) within 48 hours after both seller and buyer sign/seal SPA being the Indemnity Refundable Transfer Of Ownership Documentary Deposit (IRTODD) and the Bank Administrative Custodian Charges into the Gold Bullion Holding Depository Bank Bullion Officer bank account or into the bank account of the Transfer of Ownership Attorney ,within 48 hours after this payment by the buyer .

3. The Gold Bullion Holding Depository Bank will confirm through Tele fax Notification to buyer or buyers bank the receipt of the Buyers Payment of the IRTODD to their Bank Bullion Officer indicating full bank responsibility.

4. According to the Seller Gold Bullion Holding Depository Bank policy all the processed IRTODD Like Gold Bullion Financial Safekeeping Receipt in the name of the buyer will be first send to the buyer Via Bank To Bank MT760 swift to buyers bank for their verification/confirmation that actually the Transfer of ownership of the Gold Bullion in the buyers name has been done.

5.Immediately this above is done, the Gold Bullion Holding Depository Bank will set a TTM appointment day with the seller and the Buyer in Seller Holding Depository Bank Custodian, on the appointment TTM day seller and buyer will meet face to face at the TTM and the Depository Bank will officially hand over the original Gold Bullion Financial Safekeeping Receipt /other Gold Bullion related documents to the buyer and buyer will pay the actual cost of the Gold Bullion to the seller’s Bank Account simultaneously by wire transfer less the Indemnity Refundable Transfer Of Ownership Documentary Deposit (IRTODD) and the physical gold bullion will be deliver to the buyers destination according to the sales and purchase agreement or this deal will be close by Bullion Officer To Bullion Officer.

6. The Commissions will be paid immediately and without delay to each appointed Paymaster or Beneficiary after each delivery and as per Terms and Conditions of the IMFPA.

Download full documentation and Application Form HERE