1. Seller sends the Buyer's Sale Agreement (SPA) AND FCO 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) AND FCO - 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.The Buyer or Buyer’s Representative will meet the seller in Nairobi to inspect the goods physically.
7..The Buyer can obtain a sample from the total consignment for testing purposes only at any local testing laboratory.
8.After satisfactory inspection, Buyer pays the Government taxes to the Seller’s account or seller’s attorney trust account. Under tight supervision, officials from the Ministry of Minerals & Energy will seal goods. This amount will be deductible on the final commercial invoice.
5.Within 72 hours after receiving the final assay certificate from the refinery, the buyer releases full payment for the gold less all the costs incurred during shipping of the consignment through Swift wire transfer (TT) to the Sellers designated bank account.
