You Shall write to us @ email@example.com, firstname.lastname@example.org, mentioning the type of offer you have , to deal with.
PURCHASE OF GLD STANDARD BULLION
CIF - DUBAI AIRPORT DELIVERY
We are an established Bullion Purchasing Group - PROFESSIONAL, RELIABLE & RESPONSIBLE- With a proven record of successful performance. We have very considerable financial resources at our disposals and are leading global buyers of internationally hallmarked GLD standard and GLD registered bullion.
We will purchase a Seller’s GLD standard bullion stored in a private security facility or custodial bank any where in the world on a “CIF Dubai Airport” basis. Delivery to Dubai International Airport, Free Trade Zone, for inland transport by our security and logistics company to our nominated UAE refinery for a new, final assay prior to sale.
Transactions are conducted on a "bank-to-bank” basis, utilizing major international bank. As a guarantee of payment we will issue Blocked Funds via "SWIFT MT 799" to the seller to the face value of the lift amount prior to the seller releasing the shipment for delivery to Dubai International Airport. Payment is made to the Seller via SWIFT MT 103 within three (3) banking days of issuance of the Refinery Final Assay Report.
We can purchase reasonable amounts of product. No seller performance bond is required. Deliveries/transfer dates will be approved and coordinated jointly by the Parties. Lift size and frequency are subject to transport logistics and the refinery’s scheduling and capacity. We can utilize multiple refineries to support large shipments.
The Seller is responsible for all costs and expenses related to delivery of the product to Dubai International Airport, inclusive of all export charges, freight and insurance, The buyer is responsible for import and clearance of the product and for all costs and expenses incurred up until completion of the final assay at the Buyer’s UAE refinery.
Step 1: The buyer and seller complete and sign the SPA/IMFPA electronically. The SPA including the IMFPA, now constitutes a legally binding, fully enforceable contract.
Step 2: The Seller lodges the Agreement with its bank and provide the buyer with a Bank Letter, addressed to the seller, confirming that the bank hold in its possession the product documents and inviting the buyer’s bank officer to contact the Seller’s bank officer to conduct the transaction.
Step 3:The buyer upon receipt of the Seller’s bank letter, lodges the Agreement with its bank and confirms the Bank Letter on a “bank-to-bank“ basis.
Step 4: The Buyer’s bank officer contacts the Seller’s bank officer and conducts the exchange of Proof of Funds for Proof of Product as appropriate. The Buyer’s Bank officer then issues Blocked Funds Swift Mt 799 for the benefit of the Seller’s account for the face value of the initial Lift of Product.
Step 5: The Seller, after receipt and confirmation of the Blocked Funds Swift MT799 by the seller’s bank, releases the lift of product to its secure air transport and logistics company for air transportation and delivery to Dubai International Airport .
Step 6: The Buyer arranged for its internationally recognized security and logistics company to clear the shipment through Customs and deliver the product via armored-vehicle ground transport to the buyer’s nominated UAE refinery for a new, final assay.
Step 7: The Buyer’s bank officer notifies the Seller’s bank officer of the completion of the assay and provides a copy of the Refinery Final Assay Report. The Bank officers close the transaction on a “payment-against-delivery” (transfer of title) basis with payment made to the Seller via SWIFT MT103 within (3) banking days of issuance of the Assay report.
Successive transfers/deliveries of Product, including rolls/extensions, will follow the same procedures as above.