Dear Sir,
The seller
of AU Bullion in Asia has a stock of 5,000 MT for sale
under Bullion Account.
Herein is our Addendum approval for your review and FCO forwarding.
Kindly fill up
Addendum in your letter head and provide the required
details and documents then forward to us for
action.
The goods are
in India and Dubai and your responsibility and ownership
will commence from Dubai as soon as your offer
is received and
analysed.
The stock is sold FOB Dubai.
Kindly give your
offer as soon as possible.
Thank you.
Dr. Geophrey
+254721395585
EMAIL:
E-mail:intermineralmarketing@gmail.com
APPENDUM APROVAL DETAILS.
(BUYER’S LETTER HEAD)
Date :
(Transaction Code:XXXXXXXX)
(Buyers Code:XXXXXXXXXXX)
(Sellers Code:TBA on the FCO)
ADDENDUM APPROVAL
Dear Sir/Madam,
We hereby confirm
that we are Ready willing and Able to purchase a total quantity of 5,000
Metric Tons of Au on EX WORKS BONDED WAREHOUSES at DUBAI/LONDON.
Terms:
Gross Discount of 7 % and a Nett Discount of 5%
2% to be paid by us to Seller/Buyer side
Mandates, Facilitators and Intermediaries as per NCND, IMFPA.
We confirm that we
are aware of the following vitally essential points:
• -Metal is sold as
OFF MARKET PRIVATE TREATY.
• -Metal is OUT OF
THE SYSTEM.
• -Metal can be put INTO THE
SYSTEM under full Buyer’s financial responsibility.
• -Metal is NOT UNDER Bank responsibility or in
an LBMA approved Security House.
• -Metal is
stored in private bonded Warehouse and linked to Seller’s appointed Bank
which will conduct and conclude the whole transaction through its
selected Bullion Officer.
• -Metal applies to
GLD specifications and is less than 5 years old.
• -Metal has current assay reports which have
been kept up to date on regular basis by prime qualified Assayer,
inclusive Tally Sheets.
• -Metal can be
partially or totally assayed/verified by the Buyer at his own expenses
as there is no need for re melting.
• Metal
existing Insurance, which has been paid on yearly basis without any
fail, can be taken over by the Buyer during Transfer of Ownership or
substituted by Buyer’s new appointed Insurance policy.
• -Metal can be lifted from the existing
warehouse to Buyer’s destination at his own expenses
• -Metal housed and contained in other
locations are all deemed and claimed lift able and exportable with the
appropriate documents.
• -Export Permits are
available from the Seller for all the Metal through Seller’s Bullion
Officer if requested, here indeed all incurred expenses to be borne by
the Buyer.
• -Yearly Bank Statements are with
no encumbrances, mortgages, liens or any impediments what so ever.
• -Beside FCO from the Seller to the Buyer, no
further sensitive documents will be provided UP FRONT in order to avoid
floating documents into the market. Only Seller appointed Bullion
Officer will forward the necessary documentation at the appropriate time
once Buyer’s Bank or Bullion Officer will accept invitation to
physically inspect and authenticate all documentation which allows the
Metal to be sold and freely lift able.
We use only XXXX bank
as payment as per instructions. Payment will be based on the usual
London fix on the day prior to transfer of ownership.
We are willing to
comply with the following procedure:
1. Seller will send the Full Corporate Offer
(FCO) to Buyer detailing procedures.
2. Buyer will response by using their corporate
letterhead a Letter of Intent/Ready, Willing and Able (LOI/RWA),
incorporating therein their Banking Coordinates. (Note: It is very
important that the name of Buyer’s Bullion Officer and its Bank Officer
shall be named).
3.
Upon receipt of Seller of the Buyer’s LOI/RWA, usually in advance copy
thru email, Seller shall then forward the formats of the Sales and
Purchase Agreement (S) and the Irrevocable Master Fee Protection
Agreement (IMFPA) for Buyer’s acceptance.
4. Buyer will accomplish the S and IMFPA for
notarization at Buyer’s place.
5. Buyer shall then send to the Seller via
Courier (DHL/Fed Ex/UPS) the following documents:
A. Four (4) sets
Original Copies of Buyer’s LOI/RWA.
B. Four (4)
sets Original Copies of the Sales and Purchase Agreement, together with
the same sets of Irrevocable Master Fee Protection Agreement. (These
sets of documents must be signed by Buyer and his Witness, stamped with
corporate seal and to be duly notarized at Buyer’s place.)
C. Copy of Corporate Secretary’s
Certificate/Board Resolution authorizing the Buyer’s Signatory – to be
notarized.
D. Copy of Passport of Buyer’s
Signatory.
6. Upon
receipt, the Seller’s Mandate will then sign the Seller’s side portion
of the S, seal and have it notarized.
7. The Seller will also send via Courier the two
(2) sets each of the original documents to the Buyer and to their
Bullion Officer.
8.
The Seller will also provide copies of the whole sets of documents to
Seller’s Bullion and Bank Officer.
9. The Seller’s Bullion Officer shall then
invite the Buyer’s Bullion Officer at a scheduled Window Time for the
Proof of Product (POP). It is during this stage where the Seller’s
Bullion and Bank Officers shall show to the Buyer’s Bullion Officer the
original (hard) copies of the documents for authentic verification.
Visits to the storage facilities (bonded warehouse) shall also be
facilitated, but this will be at the option of both Bullion Officers.
10. The Proof of Funds (POF) comes next
wherein the Buyer will show the existence of funds blocked for payment
of the transacted volume.
11. Transfer of Ownership - The Beneficial
Owner/Signatory/Seller will finally sign the transfer of Certificate of
Ownership to the Buyer after payment in full has been received.
We are expecting your well esteemed FULL
CORPORATE OFFER(FCO) as a way forward.
Kindest regards,
__________________________
(Buyers Name)
__________________________
(Company Name)
(Designation) (Company SEAL)
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