Description

Details:
Commodity                 : Gold Bullion (Aurum Utalium)
Location                      :  Secured Warehouse, Thailand
Quality                        :  5*0 Metric Tons (MT) with rolls-over and extensions
Form                           : 1.0 – *2.5 per kilogram (kg.) bar
Fineness                      : **9.5/***0 (*9.*5%) or better
Hallmark                     : International Hallmark Accepted (No GLD/No SKR/No Swiss Procedure)
Unit Price                    : Base on Second LBME (London Bullion Metal Exchange) Fixing
Discount                      : Gross: Twenty three percent   (*3%)
                                   : Net: Twenty percent (*0%)
Commission                 : 1.5% to Buyer side
                                   : 1.5 % to Seller side
Delivery                       : FOB Thailand
Contract Period           : One (1) year contract/upon agreement
First Tranche               : ****0 MT with subsequent tranche as agreed in contract
Payment                      : Bank to Bank basis (with Good, Clean and Clear money)
 
Documentation            : 1. Certificate of Purity
                                     2. Commercial Invoice
                                     3. Receipt of Customs and Dut Payment
                                     4. Export Permit
                                     5. Certificate of Assay (or Assay report)
                                     6. Packing List
                                     7. Certificate of Origin
 
Procedure:
1. Buyer shows proof of fund of 5 billions to cover first tranche and 2%  contract warranty.
2. Seller's Bank verifies and confirm with Buyer's Bank for sufficient fund.
3. Buyer & Seller signed SPA and NCND (Contract need to be signed in Thailand)
4. Seller shows physical AU to Buyer for verification.
5. Follow the contract for Delivery.