Join today and be a part of the fastest growing B2B Network Join Now

Gold CIF Dubai, Proof of Funds, Unliminted Quantity Buyer and Importer from Tunisia - Buying Lead

03 Apr, 2024

Gold CIF Dubai, Proof of Funds, Unliminted Quantity

Hello, I have a gold serious buyer in Dubai. The quantity is up to you. The buyer will provide proof of funds. Buyer is ready to sign a contract ( SPA) but seller should take into charge ticket or shipping to Dubai, buyer will come at airport for customs. Any expense paid out by the seller will be deducted and reimbursed. I and my collaborator would be prese Show More...

Hello, I have a gold serious buyer in Dubai. The quantity is up to you. The buyer will provide proof of funds. Buyer is ready to sign a contract ( SPA) but seller should take into charge ticket or shipping to Dubai, buyer will come at airport for customs. Any expense paid out by the seller will be deducted and reimbursed. I and my collaborator would be present to assist you or your representative to make sure everything goes smoothly. Payment is either cash, TT or MT 103 sellers choice.
 Also if you happen to have any gold mines for sale in Africa please me onmy name is Sarra is and is Below is the procedure from the buyer for CIF Dubai if interested please me: 
This buyer has already a template (verbiage) for all the documents drafting including a CIS KYC form, SCO, FCO, SPA, BRL (Bank Reference Letter) to ease the way for both parties.
For interested sellers we will provide all these documents from beginning so as to allow them to decide whether they are happy to work with this buyer and save time during the transaction. Procedure
Seller (Miner or Owner) sends to the Buyer, a Full or Soft Corporate Offer (FCO or SCO) as per to the sample
Buyer reviews the FCO SCO, makes comments, if any, and if both Buyer and Seller agree on principle, then the Buyer asks the Seller to complete and return this CIS KYC.
Seller completes and sends the CIS KYC and if due diligence and compliance is cleared by the Buyer, then
Seller sends all required documentation for importing the gold to Dubai, in order for the Buyer to perform his due diligence.
Buyer sends the Sales & Purchase Agreement (SPA) for review and approval, as per the verbiage sample
Buyer sends sample verbiage of the Proof of Funds (PoF) that must be issued by the Buyer’s Bank.
Seller and his bank approve the sample verbiage of the PoF, and both parties sign the SPA.
Seller, after paying all export document processing, taxes, duties, freight & insurance costs and other expenses imposed on or required up to delivery of the Gold Bars to the Nominated International Airport, notifies the Buyer three days prior to the date of transport with all the details of the shipment. Failure to do so would result in delays in Customs Clearance, smelting, weighing and assaying, and the Buyer shall be held harmless and blameless.
Seller ships the commodity to the Buyer’s Nominated Airport in Dubai, U.A.E. in the name of the Buyer and Consignee, either the Buyer or G4S or Brinks, in order for the shipment to be cleared through Customs as cargo “believed to contain gold” and cargo will be transported by the Buyer or G4S or Brinks to the nominated Refinery or nominated Assayer where the smelting or refining, weighing and assay will take place. 
Buyer pays for Customs Clearance, Security Transport, Storage, Smelting or Refining and Assay costs in Dubai, U.A.E. and deducts all these expenses from the final price.
Buyer assays the gold, and if not homogenous, also smelts it. If the bars are not homogeneous and needs to be smelted, then for each 100Kg, it will take one additional business day prior to being able to do the assay. Any and all associated costs incurred for the transfer of the Gold Bars to the smelting facility, their smelting and their return to the Bonded Warehouse shall be borne and paid by the Buyer on behalf of the Seller and shall be set-off and deducted from the Final Commercial Invoice Price.
After smelting the Gold will be placed in sealed boxes and the Seller from that point on will not be able to touch the gold and in case the seal has been tampered with, the smelting and weighing process will have to be done again. The smelting and weighing can be done in the presence of the Seller or one (and only one) of his representatives, if the Seller so requires
Upon receipt of the refining results and or the assay results from the Buyer’s Nominated Refinery and or Assayer, the Seller issues Final Commercial Invoice, which must be signed by the Seller and the Buyer (or their authorized representatives) in the presence of one of the Buyer’s Bank Officers certifying the amount on the invoice and that payment will be sent by swift within the next three banking days. The ownership of the gold automatically transfers to the Buyer, while the Seller has the security of payment within 3 Dubai Business Banking Days signed and confirmed by the Buyer’s Bank Officer. 
In case any advance payment has been transferred or expenses paid, like turning the bars to a homogeneous form, from the Buyer to the Seller or on behalf of the Seller, this amount will be deducted from the amount owed as per the Final Commercial Invoice. 
Sanctioned Countries: Banks will be unable to process a transaction that involves a breach of sanctions, and authorities may require the disclosure of information. The bank is not liable if the Seller, or any other person, fails or delays to perform the transaction, or discloses information as a result of actual or apparent breach of such sanctions. Shipments, trans-shipments or transit to, from or through Iran, Cuba, North Korea, Sudan, and Syria is prohibited, as well as any party which is sanctioned by the United Nations, United States or the European Union, or United Kingdom, is to be involved in the transaction in any manner. Please also note that Israel is also on the list of sanctioned countries for the U.A.E. No party in any of those countries (which includes any vessel flagged in, or owned or operated by a party in, such country) is to be involved in the transaction in any manner. The Banks may not complete a transaction which involves such a party, or any party in the above countries. Note: This buyer does not operates with LC of any sort

To view this buyer's contact information please Sign In Now!. Not a member yet? It takes less than a minute to Join FREE now!
Login Register
Premium Services
Tell us your Requirement
Girl Right
Cross Popup
Arrow 2

I Am :

Signup today to claim your Discount. Get Started before it's too late!

Arrow 1
We use cookies to ensure that we give you the best experience on our website. If you continue to use this site we will assume that you are happy with it. Ok