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gold Dore bars

  • China China  
  • Last Updated:
    Posted on: 07 Apr 2021

RFQ Details

Hello, I am end buyer for gold dust with refinery in USA. Sellers who will accept my nonnegotiable transaction procedures are very welcome to contact me , Otherwise you don't have to reply as I will trash any transaction proposals, soft offer/FCO/draft contract initiated by seller or broker. Procedures 1. The Seller and the Buyer sign a contarct 2. The Seller deposits in the Buyer's Safe Keeping entity of choice collateral to the value of Five percent of the value of the gold quantity to be shipped, in gold Dore bars or cash or any other collateral acceptable to the Buyer collateral of no encumbrance that the Buyer will have easy access to should the Seller fail to deliver or what he delivered is not the gold product as he stated. 3. Seller's bank issues to Buyer's bank, in favor of the Buyer, cash backed Five percent Performance Bond (PB). 4. Buyer's bank issues to Seller's bank, in favor of the Seller, Standby Letter of Credit (SBL/C) to the value of the gold quantity shipped. 5. The Seller exports/delivers the gold product to the Buyer's destination airport in USA. 6. The Buyer issues the import bond, pays to clear customs, arranges delivery to the refinery and pays for refining. 7. The Buyer's refinery processes the gold product and then pays the Seller, according to the Final Assay Outpour Report by MT 103 wire transfer.