You Shall write to us @ email@example.com, firstname.lastname@example.org, mentioning the type of offer you have , to deal with.
TRANSFER / DELIVERY- SELLER’S LBMA REFINERY
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, provided the seller is willing , after contract–signing,to move the product , in agreed lot sizes in to any Seller’s LBMA refinery worldwide for a new, final assay prior to sale. Pl chk www.lbma.org.uk for the updated List of Refineries.
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 product for delivery to refinery for a new, final assay. 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 all the seller’s inventory on offer. “Large-Tonnage” amount accepted. No Seller Performance Bond 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.
Transportation costs to the refinery and the refinery charges are at the seller’ expense. Lifting the gold from the refinery to the Buyer’s chosen destination, including all costs and arrangement associated with exporting the product, is the buyer’s responsibility. The final price can be adjusted to offset the Seller’s Metal relocation costs.
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 regarding the initial Lift of product, including a copy of the Seller’s refinery account at an LBMA refinery, and inviting the buyer’s bank officer to contact the Seller’s bank officer to conduct the transaction.
Step 3: The Buyer verifies the Seller’s bank letter on a “bank-to-bank” basis and the Buyer's Bank officer contacts the Seller’s Bank officer and conducts the formal exchange of Proof of Funds for Proof of Product as appropriate and then issues Blocked Funds via SWIFT MT 799 for the benefit of the seller’s account for the full face value of the initial Lift of Product.
Step 4: The Seller after receipt and confirmation of the SWIFT MT799 Blocked funds by the bank, releases the Lift of product to its security and logistics company for delivery of the product to the Seller’s LBMA refinery for the new, final assay
Step 5: The Seller’s Bank officer notifies the Buyer's Bank’s Officer of the completion of the assay and provides a copy of the Refinery Final Assay Report. The bank officer close the transaction on a “Payment-against-delivery” (transfer of title) basis with payment made to seller within (3) banking days of issuance of the Final Assay Report.
Successive transfers/deliveries of Product, including rolls/extensions, will follow the same procedures as above.