About 500kg of gold is available for foreign buyers of gold commodities in Uganda who would use C.I.F procedure only. This is to say, terms and conditions are therefore applied to avoid time wastage.

Commodity Specifications:

Type: Au.

Form: NUGGETS/DORE BARS.

Quantity: 500KGS

Purity / Karat: 97+%

Origin: Uganda.

Location: Entebbe, Uganda

Pricing: 45,000 USD per kilo. (Net)

PAYMENT:  Payment of Sellers’ invoice which is attached to this agreement will be made by wire transfer as per the attached invoice in US Dollars.

1. SCOPE AND DURATION OF THE CONTRACT

• This SPA relates to the 500 (Five Hundred) KGS to be made available to Buyer’s port of destination on a  CIF basis(“CIF Shipment”)
• The duration of this SPA shall be fourteen working days.
• This agreement is Non-Transferable, Non-Assignable by both/any of the Parties.

2. C.I.F STRUCTURE OF THE TRANSACTION

1. Seller and Buyer sign a mutually agreeable Sales and Purchase Agreement (SPA), with a color copy of the seller’s and buyer’s passports.

2. The buyer instructs the refinery to make the payment directly to the seller in agreed pricing (44,000 USD per kg net). The buyer is responsible for making all commission payments to brokers.

• Both Buyer and Seller equally share government royalties/logistics costs  (50/50) and the buyer shall be given a collateral equivalent to that amount.

3. Buyer will instruct refinery to confirm submitted payment instructions. Payment is made by bank transfer MT 103, up to 72 hours after the TEST REPORT is issued. The buyer is obliged to send a copy of the proof of payment to the indicated email address.

4. The Refinery Official agrees on behalf of the Buyer to pay the funds for the purchase of the product, within 72 hours after the issuance of the test report.

5. The Seller retains ownership of the gold and transfers it only after full payment.

6. Tax Warehouse/Refinery charges and expenses are the sole responsibility of the Buyer.

7. Other size and frequency deliveries must be followed in accordance with the agreed schedule and in accordance with the procedures set forth herein between Buyer and Seller.

8. On a monthly basis, the Seller will inform the Buyer that the merchandise is already available for shipment to the airport area (Dubai).

9. After confirming the purchase, the Buyer will communicate to the seller the table of days and times that the goods will be delivered to the Dubai refinery indicated by the Buyer.

10. The total amount of the contract must be completed within 12 (twelve) months from the date of the first delivery.

3. PRICE AND PAYMENT

• The price per kilogram shall be forty four thousand (45,000) USD upon smelting at 99.9%
• Upon obtaining the final assay report, the Seller shall prepare an invoice providing the total amount payable for the quantity of gold supplied. The invoice shall be adjusted to reflect final purity.
• The payment shall be made within 48 hours following completion of the assay process at the Buyer’s refinery.
• The Buyer shall make all the payment by TT wire transfer upon assay at the refinery. The account for purposes of the payment to the Seller is in an account provided by seller.
• All funds stated herein shall be in United States Dollars unless otherwise negotiated.

4. SHIPPING DOCUMENTATION

The Seller guarantees that the shipment shall be accompanied by the following documents where applicable:

• Certificate of origin
• Certificate of ownership
• Certificate of assay from government laboratory
• Export license
• Commercial Invoice
• Packing List
• Aviation landing clearance certificate.

5. PROCEDURE AND RESPONSIBILITIES

• The Seller and Buyer shall review and sign this SPA.

SELLER BANKING DETAILS

• Forty-eight (48) hours prior to departure, the Seller shall notify the Buyer of the shipment and shall provide copies of all the documents to prepare for import procedures.
  • The Buyer shall be responsible for all import duties, taxes and other levies in the country of import. The Buyer shall also be responsible for security and logistics from the airport to the refinery.

• Upon assay at the Buyer’s refinery, the Buyer shall effect final payment for the goods in accordance with this SPA.

2. TRANSFER OF OWNERSHIP

The Parties hereto clearly recognize that the Seller is the sole and legal owner of the Consignment until full payment is made by Buyer to Seller. The title to the Consignment shall pass from the Seller to the Buyer after confirmation that the funds have been received in favor of the Seller at his designated Bank.

Serious Buyer can contact us for complete SCO.