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Contact: Kwame Amankwaah
Company: Ultimate Mining Company Ltd
HNO.11 MILE 11, SOVERIGN CLOED, WEIJA ROAD ACCRA
Accra 00233
Ghana
Phone: 0204526924
E-Mail: Send Inquiry 1st year
Date/Time:  11/14/23 11:25 GMT
 

Large quantity of Gold Dore Bars from Ghana

DELIVERY TERMS & PROCEDURES

1. Buyer and seller sign and exchanges SPA.

2. The Buyer will travel to the source country for TTM with the Seller and
to proceed with the transaction.

3. Delivery terms for this Sales and Purchase agreement is CIF.

4. Upon Buyer’s confirmation of readiness, the Buyer and the Seller move to
the refinery to obtain the assay report prior to the exportation of
commodity to designated locations by the Buyer.

5. Upon assay result at the refinery the Seller pays for the export taxes,
smelting fee, insurance and Export documentation Processing to ship product
to destination.

6. Buyer Pays For PROCUREMENT OF A PRIVATE JET With A Regional Office In
Ghana. Seller shall give collateral to be locked on dual custodial (buyer
and seller sign for it) at an SKR chosen by the buyer and the collateral
shall be tested with the buyer's personal testing instrument and not
refinery testing. After locking the
collateral, payment shall be made to jet company and proof shall be given
to seller. A collateral agreement shall be made separately as an annex of
SPA stating if seller fails to perform after buyer has paid for jet,
collateral shall be forfeited and buyer shall take ownership of collateral.

7. Alternatively, if seller isn't cool with the collateral arrangement,
buyer shall buy the gold
equivalent to the cost for jet charter from seller and pays the seller for
seller to book the jet buy himself. In this case, buyer will test the gold
with his own testing instrument and after confirmation of it's genuineness,
they both go lock it in an SKR pending payment confirmation from seller's
bank. Having confirmed payment the gold is released to buyer and seller
proceed to charter jet. Meaning after final assay at buyer's refinery, the
seller is paid 100% final based on assay report.

8. The Seller or seller’s representative and the Buyer will go to the
designated place of the Buyer and witness the final assay and to have the
funds remitted to designated bank account of the Seller.

9. After final assay at destination, the Buyer pays the agreed amount for
purchasing gold (less the cost of private jet)to the designated bank
account of the Seller within 48 banking hours and ownership of the gold are
transferred to the Buyer’s name when the remittance of fund is confirmed.

10. Upon receipt of payment, the Seller will irrevocably and
unconditionally release the ownership of the commodity to the Buyer
immediately.

11. All commissions are paid to intermediates bank account simultaneously
if there be any
intermediates.

Minimum Order: 20000 kilograms

Large quantity of Gold Dore Bars from Ghana
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