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We are Buyer of Gold Dust/Nuggets

  • Brazil Brazil  
  • Last Updated:
    Posted on: 06 Jan 2021

RFQ Details

Dear Sir,

Our company, Grupo Kaizen from Brazil, has extensive relationship with companies from Asia and is now the mandate for a Korean buyer of gold dust. Therefore I am writing you to know if you are able to supply gold dust/nuggets under the following conditions:

TARGET-PRICE: 20.500 per kg (Gross) / 18.5000 per kg (Net)
CONTRACT LENGTH: 12 to 60 months

First tranche (trial): 10 kg
Second tranche: 50 kg
Third tranche and following: 100-200 kg


1) Seller sends a reliable proof of product and other documents, such as exportation license, government register, VAT service registration (or equivalent documents), etc.

2) Buyer issues MT799 LC Pre Advice by CitiBank for first tranche of 10 kg. Seller issues 2% Performance Bond upon receiving LC Pre Advice by MT799. The money for the MT799 LC is already allocated at the CitiBank Korea for this operation.

3) Seller shall send the gold dust in 7-10 days by airway

4) When gold dust is delivered at the international airport of Seoul Incheon (Korea) it will be analyzed by customs and released to the buyer's refinery. After assay is done, buyer releases payment by MT103. Seller or his representative is welcome to South Korea to check the assaying procedure by refinery.

5) After first tranche, a new purchase will be made every 15 days. Since third tranche the quantity shall be 100-200 kg, for a monthly quantity of 200-400 kg.

6) As soon as the quantity goes up to 100kg, buyer may issue BCL or RWA by CitiBank Korea.

7) ** No upfront (in advance) payment will be made. However, other adjustments may be evaluated. **

Note: subject to little modification, if required by seller.

We are looking for a successful long-term partnership.

Awaiting your comments.

Best regards,

Leandro Barros
Rio de Janeiro, Brazil

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