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Gold bars. fob hong kong. (Offer to Sell)

JA Precious Metals
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Trade Lead Description:

Below is our gold offer and procedure

1.Quantity 1700 MT; (600 mt, 600Mt, 500mt)
Format: 12.5kg or 1kg bar, 999.5% or better.
2.Hallmark: Internationally Recognized. Expired/ Out of date.
Age of gold bars: over 7 years.
3.Discount: 6% net to buyer;
4.FOB Hong Kong

1.Seller issues FCO

2.Buyer signs SPA and issue LOI

3.Seller also signs SPA and henceforth the bullion transaction begins

4.Buyer issues BCL (Bank Comfort Letter) to confirm Euro 250,000,000.00 at HSBC or Standard Chartered Hong Kong; as proof of buyer's financial capability.

5.Within 14 days of POF verification, seller confirms quality and quantity of commodity and issue SKR (security warehouse). Buyer is welcomed to inspect the commodity at safe-house in Hong Kong.

6 MT103/23 shall be issued to Seller’s Bank equal to the value of each and every tranche before each delivery.
7. The Buyer and/or his Bullion Bank has twenty four (24) international banking hours to authenticate the Commodity, once Item #6 above is triggered, and the Buyer and/or his Bullion Bank can inspect with due diligence the supporting documentation.





Posted from Singapore - All on 5 March, 2008
 
Type of Offer: Offer to Sell
Quantity: 1700MT
Packaging: FOB Hong Kong
Price / Incoterms Conditions: 6% net to buyer
Company Name: JA Precious Metals
Contact Person: Faizal Ahmad
Location: Singapore - All
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Classification: Base Metals & Articles - Base Metals
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