A. Client sends letter of interest including quantity, frequency of deliveries and
C. The Buyer and Seller enter into contract signed and sealed, upon
acceptance by both parties;
D. Seller ships the Gold Dust (trial shipment) to the buyers Nominated Refinery
with all required export documents, and commodity description.
E. The buyer shall clear the shipment through Customs and completes the
delivery to the refinery as stated in contract. All refinery charges are paid by
F. While this refining process takes place seller or this Representative (one
person only) will be invited to be present.
G. The Dust remains at all time the property of the Seller using the account of
the Buyer at the refinery, and shall only be released to the Buyer once the
Commercial Invoices are signed and Accepted by the Buyer and Payment shall
be released to the Sellers Bank Account immediately.
J. Upon successful assay - Buyer opens a STANDBY LETTER OF CREDIT
(SBLC) covering the contract total quantity in favour of the Seller’s Bank, to
activate signed contract and enable further shipments stated in SPA.
I. The duration of the SBLC will be 30 days after the last shipment of the
contract in favour of the Seller’s Bank, to activate signed contract and enable
further shipments stated in SPA.