11/06/2020
MARKET SPECIFICATIONS
PRODUCT: GOLD BARS Minimum 97% - 98% OR 23 + PURITY OF KARATS
FORM: 1 KG BAR OF DORE
ORIGIN: TANZANIA
DELIVERY POINT: Incoterms CIF (DAT - Delivered at Terminal) 2010 by Air Freight to Dubai International Airport, United Arab Emirates in the Free Trade Zone;
(The price includes total commission)
DELIVERY: Brinks, KLM, Air France, Emirate, Qatar - or similar.
PACKAGING: Standard international air freight packaging for precious metals at cargo value
Export Package Boxes.
FIRST TRANCHE: First test from 100 kg to 500 kg followed by 1,000 kg x 11 months with rollers and extensions
CONTRACT QUANTITY: Total 11,500 KG per year (12 months)
LBMA DISCOUNTED PRICE: LBMA 2nd Fixture, less 9% NET Discount (Gross 12%) on the day
of the final test report according to the seller's commercial invoice (on refined Dore gold bars to a purity after testing 99 gold, 99%) in US gold dollars per kilogram published on the seller's commercial invoice based on the date buyer's refinery confirmation in the final test report. The conversion of kilograms (kg) to Troy ounces will be 32.150743126506 Troy ounces = 1 kg.
(The price includes total commission)
COMMISSION: Total commission 3.00% per kg to be collected and disbursed by the Seller according to NCNDA IMFPA, Commission
SETTLEMENT AMOUNT: Payable by the Buyer for each Tranche will be variable, and the Discount
