FCO (Full Corporate Offer) 100% CIF

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Draft Corporate Requirements for Sale of Gold:

I (the seller`s mandate) on behalf of the seller, whose name and information will be provided upon the buyer`s Letter of Intent (LOI) and acceptance of the procedural steps listed below in this offer, all provided by the seller.

              The seller shall issue the ultimate draft contract plus amended procedures and price's guide leading towards the final draft contract...

                We the End seller through our mandate hereby issue this Full Corporate Offer with given terms and conditions. We confirm our readiness and willingness to move straight to Sales Purchase Agreement, upon your acceptance of our terms and conditions Stipulated below:


COMMODITY SPECIFICATIONS


COMMODITY             GOLD DORE BARS

PURITY:                        95.03% (OR BETTER) 

FINENESS:                   22+ CARAT

ORIGIN:                       GHANA

PRICE:                         NEGOTIABLE

QUANTITY:                TO BE SPECIFIED BY THE BUYER

PAYMENT:                 U.S DOLLAR.


SELLERS DECLARATION OF SELLING CAPACITY AND EXPORT APPROVAL

The Seller declares that he has the full legal title and possession of the offered Raw Gold Dore-Bars and has full Government approval (if where required) to sell and export Raw Gold of non-criminal origin, and with no liens and / or encumbrances attached or pending under the terms of this full Corporate offer.


 BUYER DECLARATION OF FUND AVAILABILITY AND PURCHASE CAPABILITY

The buyer, under full corporate authority and responsibility declares that he and his associates have the full capability to purchase the refined gold and such purchase will be increased with options of annual extensions.


BUYER INVITATION REQUIREMENTS

The seller offers to assist with all necessary documents (Letter of Invitation, copy of seller International passport etc.) required by the consular of buyer`s country of origin, to secure Ghana visa from their respective country.

                              MODE OF TRANSACTION

(1) (a) The seller expects the buyer to visit the product origin (Ghana) for buyer`s inspection, due diligent, goods sighting, and make a preliminary assay test at the government recognized Gold Refinery to check the purity and the carat of the gold and upon buyer's satisfaction with seller`s genuineness and goods availability, both parties will mutually agree on how the transaction will be conducted.

(b) Buyer may decide not to visit product origin (Ghana), both parties will mutually agree on how the transaction will be conducted.

              In any case, No Upfront Payment! (CIF) Payments for the Gold are only after delivery at the Buyer's Refinery. 

No Direct exchange of money between the Seller and the Buyer, Payment is Bank to Bank.

After both sides confirm assay, the buyer shall pays for shipment cost and documentation cost, while the seller shall releases collateral gold equivalent to the shipment costs and related government royalties as collateral to the buyer. The collateral shall be held at the buyer’s safe deposit until shipment is effected. 

Seller is expected to deliver the goods CIF .

Shipment below Ten (10) Kilos is excluded from this CIF terms.

NO TRIAL SHIPMENT; all shipment is shipment, 1 kilos shipment is shipment.

(2) Irrevocable STAND-BY LETTER OF CREDIT by Swift MT-760

SBLC  is now fully incorporated into our FCO.

Payment by financial instruments shall be accepted ONLY by issuance of SBLC CASH BACKED issued for one year and one month for the total sale value of the Gold to be delivered.

Note> Such payment arrangements are made through our  foreign Financiers who will monetize the instrument and fund the supplies of the gold on Monthly basis.

Buyer shall issue an Irrevocable Stand-by Letter of Credit (SBLC) via Swift MT 760 for a term of 1 year and 1 month, and of no less than Five Hundred Kilograms of Gold (500 Kilos) for the entire term of the contract in accordance with our Financier’s Bank verbiage as a guarantee of Payment for 100% CIF.

* Shipments shall be 100% CIF.

* Seller shall pay all expenses to deliver the gold to buyer's refinery in Buyer's country.


·   Mandates are required to negotiate their commission with me before referring the buyer to me. Standard mandate commission is 3.00% (Three percent)

SELLER IS OPEN TO PARTNERSHIP AGREEMENT

The seller is open to partnership with prospective buyer who genuinely wants to cooperate on having a local gold refinery of international standard, which will be Situated in Ghana.

TITLE

THE OFFERED COMMODITY ABOVE -DESCRIBE FOR SALE ARE WITH GOOD, CLEAN     TITLE,     FREE     FROM     ANY     LIENS,     MORTGAGE.  BILL     OF SALES/ENCUMBRANCES.

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