COMMODITY DESCRIBTION a. Products ………………………… Raw Gold b. Price …………………………LME LESS 5% c. Purity ………………………… 92% plus d. Quality ………………………… 22.5 plus carats e. Quantity ………………………… Kilograms (based upon request) 2. TERMS OF DELIVERY: Buyer through the proposed refinery is to contract seller or his mandate that fund are ready for the payment covering the said quantity BEFORE seller or his mandate will deliver the product to the refinery for assaying, documentation to enable shipment takes off. This is to say Buyer is depending for supply directly from the refinery so as the seller is also depending solely the payment from the refinery as referee, for SAFETY and PROTECTION for both sides that is why all should UNDERSTAND and ALLOW the refinery to level that ground as contained herein that ALL DELIVERIES will be made DIRECTLY to buyer THROUGH the proposed refinery. AND THAT this will be done upon confirmation of funds ready in the refinery account before seller’s mandate will authorize the refinery to proceed the necessary arrangement to export the gold to buyer or any of destination of choice. The Seller and Buyer both agree to use the refinery for the purposes of assay, payment to the seller and shipment of the gold to buyer’s final foreign destination. The refinery shall not release the gold to either seller or buyer after payment except to ship. 3. TERMS OF PAYMENT AND THAT as contained in the contract, that the seller’s mandate (Rocsaku) will be paid directly by the refinery after confirmation and satisfaction with prove of the GOLD by the refinery, to enable Rocsaku pays the PROVIDER OF GOODS. 4. PROCEDURE: a. The seller or his mandate shall initiate, date and sign the contract then return to the buyer to do the same. This will of operation is to avoid the mistrust in between buyer and seller that is why the refinery is to Act and play the field of referee for maximum protection, safety and understanding. And that after signing of the agreement the buyer has to send a copy to the refinery and make sure funds will be ready for payment of the proposed expectation of the gold required b. AND THAT the seller and his mandate will deliver the said quantity …………….. each, Gold Dore Bar, 92 minimum purity, 22 carats + the buyer’s proposed refinery (SOVEREIGN COMMODITIES GHANA LIMITED) WITHOUT DELAY after confirmation from the refinery that funds are ready for payment. The buyer will then have to call refinery to confirm if indeed the seller has delivered as expected to be supplied and exported to the buyer accordingly through Sovereign Commodities Ghana Limited. CONTACT: egominingcompany@mail
Posted on: Thu, 20 Mar 2014 11:51:04 +0000
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