10/12/2025
PROCEDURES
8.1. Parties exchange LOI and FCO or Draft contract issued by the Seller
8.2 The Buyer reviews, signs and return this Agreement.
8.3 Buyer issues MT799 including approved MT760 verbiage
8.4 Seller´s bank replies IPCO 4% via MT799 (Irrevocably Pay Corporate Order endorsed by the bank) as a
performance guarantee.
8.5 Buyer sends MT760 SBLC (from a top 25 international bank) to cover one-month shipment of 500KG.
8.6 Delivery of the Gold begins within Fifteen (15) business days after verification of the SBLC. .
8.7 Copies of All swifts MUST be sent bank-to-bank and courtesy copy to the principal for
tracking purposes.
8.8 Seller will provide Buyer with all necessary documentation for its Customs Agent to
clear the product.
8.9 Buyer shall provide Seller with the airport and refinery name and its location.
8.10 Seller shall provide Documents as stipulated in clause 5 & 6.
8.10. All necessary documents will accompany order to Buyer, or Buyer’s destination.
8.11. Seller advises Buyer of expected shipping date, time of gold shipment arrival and provides the
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Buyer with a copy of the AWB, including ETD and ETA of aircraft.
8.12. The export taxes, export documentation, freight cost and other expenses, during export to the
destination airport, will be paid by the Seller. Buyer shall receive the product from the Seller at
the Buyer’s nominated international airport and in the care of its Customs Agent, thereby
ending Seller’s product security and protection responsibility and refinery delivery cost.
8.13. Buyer’s Customs Agent shall clear Customs and forward product shipment with armed guard
service to the Buyer’s refinery.
8.14. Thereafter, Seller’s /security team and Buyer’s /security team shall accompany the products to
the Buyers refinery for inspection and assay by the Buyer’s refinery.
8.15. The costs and expenses related to clearing Customs by Buyer’s Agent and the product’s security
transportation and security detail costs and expenses from the Airport Section to the refinery,
shall be to the account of the Buyer.
8.16. Refinery shall independently inspect, evaluate, and assay the entire quantity of the product for
sale. On receipt of the satisfactory assay from the refinery and mutually agreed to by the parties
to this Agreement, Refinery shall forward the final assay report to both Buyer and Seller
concurrently for acceptance by both parties.
8.17. Thereafter, the Commercial Invoice and Conditional Title Release to Buyer after full, complete,
and immediate payment by MT 103 for the product is executed and confirmed to Seller’s bank
account.
8.18. On confirmation of Seller’s bankers’ receipt of all funds due from Buyer, Seller shall transfer
product title to Buyer.
Only direct buyers should contact.
WhatsApp +1(657) 210-2469
