We have been contacted by a Dubai-based company seeking to buy up to 1000 kg a month of gold.
Please see Form LOI below for more information. Please let us know if you have any credible sources: MANSUR@MNCAPITAL-AFRICA.COM
Re: LOI for sale of Gold Dore Bar at Dubai on CIF basis
Please treat this is as our letter of interest for purchasing Gold Dore Bars, if offered in Dubai, UAE on CIF basis in the following manner in line with a master Sale and Purchase Agreement to be signed later.
1. Your agent/person brings Gold Dore Bars to Dubai.
2. He/They can have this letter of interest with him/them, to show relevant authorities, that we have invited him/the m to buy gold against bank payments from him/your representat I've, with ready stocks duly verified and assayed by prominent Dubai based internationally reputed refinery (Emirates Gold Refinery, JLT, Dubai) as per their assay report.
3. The price that shall be paid will be based on the last day’s LBMA gold prices as per 100% purity LESS X% (X percent) deducted as discount due to us. The amount paid will be proportionate as per the final refinery assay report.
4. Commissions to brokers/mediators/introducers will be paid from the discount obtained from you as written in point 3 above, upon completed transaction.
The following documents should accompany the delivery of the Gold Dore Bars amongst other rel e v an t documents as may be needed by the authorities.
1. Commercial Invoice, ready with all details, to be presented to us, tagged along with the Assay Report and less X% discount as detailed above.
2. Certificate of Origin.
3. Certificate of Non-Criminal origin funds in purchase of Gold Dore Bars at your end.
4. Packing List, to be given to us at the time of delivery, but filled with the actual gold weight as per final assay report.
5. Composite Letter of Transfer of Ownership, men tioning the Assay Report Number after assay.
We, the END-BUYER, assume no responsibility for the purity, weight and assumed monetary value of metal delivered in our care until the metal is refined by Emirates Gold DMCC and assay report is made proving the metal to be Gold (AU) and refined to 24 karat Purity.
Upon receipt of the above mentioned assay report, we hereby give an IRREVOCABLE GUARANTEE to purchase the refined Gold and payment will be made as per No 1.
The price that shall be paid will be based on the last day’s LBMA gold prices as per 100% purity LESS X% (X percent) deducted as discount due to us. The amount paid will be proportionate as per the final refinery assay report.
Payment will made no later than 2 working days after receipt of assay report to END-SELLER by MT 103. We are able to accept up to 1000 kg a month, by the same mode of transaction, if supplied.
Please sign and confirm this letter with signature and company seal and provide us with the passport copy of the person accompanying the Gold Dore Bar to Dubai.
Thank you for the offer and we look forward to completing this first transaction.
For (our company):
DOWNLOAD: Credible Gold Seller Request, 1000kg
SUBMIT PROPOSALS TO: MANSUR@MNCAPITAL-AFRICA.COM