.1. Seller sends the Buyer's Sale Agreement (SPA) to the buyer for review and amendment (if possible), with Seller's business registration documents along with a copy of Seller's order.
2. The seller sends partial proof of product (partial POP) - live video and product pictures on behalf of the buyer.
3. The Buyer signs, stamps and sends back Full purchase and sale contract (SPA) - with complete bank coordinates in a PDF copy
4. Buyer and Buyer have signed and closed against. All items must be shipped by e-mail, DHL or FedEx on the same day, if allowed by time zones.
5. The seller sends Full POP (Trackable SKR and current test certificate and doo passport copy) to the buyer.
6. Within 5 bank days maximum, the Buyer's Bank sends SBLC MT760 - Non-transferable payment guarantee via Swift MT760 to the seller's bank. A quick press confirmation emailed to the Seller.
7. Within a maximum period of 3 days, the Seller's Bank / Seller's Financial Bank checking the Bank's Payment Guarantee (SBLC MT760) and the process start-up procedure.
8. The seller's seller of the first shipment of gold to the airport of the buyer's destination without term of 7 to 14 days. Buyer shall receive as goods without Buyer's destination airport in the Free Trade Zone and Handle all Import, Customs Clearance, Security and Transport Taxes from Buyer's Refinery / Buyer Assignment Airport, including all customs inspection costs.
9. The Buyer names its Refinery to process the test until the final settlement.
10. The Seller's Representative must be present at the refinery / assasist to witness the review process.
11. The test report is verified and signed by the seller and the representatives of the purchasers.
12. The commercial invoice to be informed showing and confirming a total quantity, purity and discount for the gold delivered and tested.
13. The commercial invoice is signed by the Buyer and Seller or their representatives and by the Buyer to send the commercial invoice to its bank for payment. Full payment for SWIFT MT103 or Telegraphic Transfer (TT) to the BANK account indicated by the Seller and a copy of the Swift Client sent to the seller.
14. Seller Transfer a complete property to the buyer
15. After a satisfactory completion of the first shipment, a transaction will run monthly for the duration of the SPA.
