Description

FOR THE PURCHASE OF AU METAL (GOLD BAR)
  1.COMMODITY SPECIFICATIONS & QUANTITY  

1. PROCEDURE FOR TRANSACTION:

1. Buyer and Seller execute the SPA via email.

1.  Procedure to Process Gold in ASWP from Customs to Payment

• Buyer/Agent will meet Seller/Agent at Customs to clear the gold
• Buyer/Agent and Seller/Agent will walk together through this process
• After final assay is issued by the refinery, the Buyer/Agent and Seller/will go through the payment process.
• The bank will make irrevocable payment based on the documents presented into the Seller Financier nominated bank account via Bank Transfer (MT**3) and the Seller/Agent will witness such payment
• The refinery will not release the gold to the Buyer/Agent until authorized by the Seller/Agent.

1. Seller will procure all export documentation including all tax clearance certificates, insurance and Freight/Airway bill and make the first shipment of between *0 kilogram and **0 kilograms Dore Bar to buyer destination accompanied by thesellers representative. All costs and expenses from country of origin to port of destination of the Buyer, will be for the account of the Seller.

1. Upon arrivalin Buyersdestination,Buyer clears the shipment through customs and completes delivery to Buyers designated refinery. All costs and expenses from destination port to the refinery in country of destination, will be for the account of the Buyer.

1. The gold is placed in Buyers account at the refinery but remains as the property of the Seller until full payment is cleared.

1. Buyer has the gold assayed and refined to *4 karats, and the refinery issues the assay report to the buyer and the Seller.

1. To move forward, please issue LOI to RMM Trading

1. Shipment can begin within 5 days of funding