NOTE:

1. A mandatory bank guarantee to be mutually agreed – payment released after assay.​

2. Brinks to Brinks procedures available on orders over 396 MT – details available on request.

3. Procedures are non-negotiable.

4. Seller SPA to be used.

5. Seller commissions closed.

6. Buyer commissions open from the addressee above.

7. This offer is valid for 72 hours from the date above.     

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COMMODITY:              International Precious Metal HS71081200 in Bar Importable and Exportable Worldwide Original GLD                                             registered AU Bars in 1 Kg and 12.5 Kg weight (GLD expired recyclable and used).

SHAPE / SIZE:              1 Kg and 12.5 Kg Bars of AU Metal (1 Kg = 32.1507425 Fine Troy Ounces)

FINENESS/ PURITY:        999.95% or 999.99% (24 CARATS, Minimum, Plus)

FIRST TRANCHE:            At least 400KG

QUANTITY:                   Up to 10MT per month – higher quantities on request

ORIGIN/LOCATION:     Multiple (option of the End Seller)

DELIVERY/ LIFTS:            DDP or CIF ASWP Airport or End Buyer's gold refinery (Incoterms® 2020 or latest). In terms of exporting, we                                       will use third party logistics such as Brinks or Malca-Amit to handle shipping and customs clearance

PURCHASE PRICE:          The base rate discount is GROSS, LBMA -10% / NET -7% to End Buyer based DDP or CIF ASWP Airport or                                       End Buyer's gold refinery, per Kilogram based on Second Price Fixing at the LBMA on the prior day of                                               execution for Good Delivery Bars with a minimum grade of 99.95% AU. In the event LBMA is not operating                                       on that scheduled day, the price calculation shall be used based on the 2nd LBMA fixing of the Market                                             opening day. Inclusive of Malca-Amit or Brinks Security Insurance. The payment guarantee must cover the first                                     shipment. All bank-to-bank SWIFTs must be fully RMA established, authenticated and confirmed through the                                         SWIFT headquarters in Brussels, Belgium and the internal department of the bank.

 

COMMISSION:             One point five percent (1.5%) for Seller's representatives (Closed),

                                   One point five percent (1.5%) for Buyer's representatives (open, starts with Forne & Berg Ventures), the End                                         Seller is the commission payer.

 

PACKING:                     Export Packing/Pallet by Metal Strapping/ Bubble Wrap & Insurance

 

PAYMENT GUARANTEE:  Mandatory payment guarantee, details to be mutually agreed; DLC, SBLC, Blocked Funds or Bank Guarantee.                    Further details available on request.

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MATURITY:                     Gold expired / recyclable (1999-2015)

 

INSPECTION:                SGS or equivalent

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PROCEDURES:               Reach out to info@forneandberg.com for complete procedures. Mention "Dual Mandate Gold deal"