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GOLD BARS

  • South Africa South Africa  
  • Last Updated:
    Posted on: 22 Apr 2022

  • Time Left: 27D 7H

RFQ Details

My buyer need gold in Dar Es Salaam Tanzania, can buyer 20-30kg weekly fob. Read ??his terms below [11/30, 12:00 AM] patrick - Gold: Should the gold be in the mine , seller can obtain a Movement Permit from Ministry of Commerce / RMO in order to move the gold legally to Dar . [11/30, 12:00 AM] patrick - Gold: Procedures for FOB buying in Dar , Tz : 1- Buyer is a duly registered Co. dealer / exporter in Dar , two equal shareholders / directors ( 1 SA, 1 Tz). 2- The deal is finalized at NHC building in the presence of seller and buyer , where Customs has an office . Payment is made at NBC Bank close by . 3- Seller takes the gold to NHC house and it gets tested and weighed in the presence of : buyer, seller, official of Min. Of Commerce &TRA and an official of the security Co. SGA/Ferrari who will safekeep the gold issuing an SKR . 4- Based on the above , value is agreed upon and invoiced . This buyer pays LBMA minus 16% after adjusting for % purity . Note : Central bank in Tanzania gives indicator prices , LBMA of the day minus 20% . On that value Customs calculates the export tax that this buyer will be paying when he exports . 5- From there , buyer and seller proceed to NBC bank and payment is processed. Same day payment . No need for LOI , FCO , SPA . To start with , all the buyer needs is a copy of the mining license ( PML ) . Once the buyer does DD , I will host a conference call with Buyer and Seller , not mandate , in order to familiarize and kick start the process . The buyer will disclose info that the seller may want . This buyer is very familiar with the law in Tz and the legal procedures . The way he does business is clear and never gives headaches . He has been doing deals this way for over 10 years. His Bank credentials and status at Customs are the best . The price he pays , being FOB are difficult to beat .