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| RIAMBRE MINING COMPANY | ||||||
| About this company : Dear Sir, FORMAL CORPORATE OFFER – (AU METAL) We hereby confirm with full corporate authority and legal responsibility, under penalty of perjury, that we are Ready, Willing and Able (RWA) to sell 500 Kg Gold Dust presently in our possession physically or legally, as described below and we further attest that the Gold Dust is clear, clean and of non-criminal origin. We can supply approximately 1200 Kg of Gold Dust AU per year and we are RWA to sign a relevant contract for up to 10 years. We are RWA to provide you with a DRAFT contract (acc to this FCO) for the Buyer to review and sign, as soon as we receive the Buyer’s positive response with his endorsement on this Full Corporate Offer. Here below are the terms and conditions for this transaction: COMMODITY DESCRIPTION AND SPECIFICATIONS: A: COMMODITY : AURUM UTALIUM (AU) B: FORM : GOLD DUST C: PURITY : 92.70% D: FINENESS/QUALITY : 22 CARATS+) E: ORIGIN : GHANA F: QUANTITY: APPROXIMATELY 1,200KG/YEAR, and for up to 10 years G: ASSAY : TO BE MADE AT AND BY SELLER’S NOMINATED REFINERY. H: PRICE : 20% DISCOUNT, LME London 2nd fixed, CIF SELERS CONTRACT REFINERY I: PAENT :IN US DOLLARS J: PAENT TERMS : PRIME BANK* BG -OR- SBLC K: TIME FOR PAENT :WITHIN 72 HOURS FROM ASSAY REPORT L: SHIPPING TERMS : CIF SELLERS’S NOMINATED REFINERY M: PACKAGING DETAIL : EXPORT PACKAGE BOXES, WOODEN OR METAL N: PRODUCT HISTORY : NO LIENS, CLEAN,CLEAR AND NON-CRIMINAL ORIGIN O: PERFORMANCE BOND : PRIME BANK* 2% PB, OF INVOICE VALUE PROCEDURE,TERMS AND CONDITIONS: 1) Sellers submits FCO (this document), complete with Bank Details, then 2) Buyer signs this FCO, complete with Bank Details, and or submits his LOI, complete with Bank Details, and issues IMFPA to beneficiary participants.- ABOVE DOCUMENTS TO BE LODGED WITH RESPECTIVE BANKS, then 3) The Buyer's Bank will contact directly, bank to bank, the Seller's Bank, (or vice versa) in order to, both banks, confirm to each other directly that both parties are real and able to close this deal:- Seller's Bank to confirm that Seller is able to sell gold and that they will issue a 2%PB, of the total value of Seller’s commercial invoice, on his behalf {in LIEU of Proof of Product (POP)}.- Buyer's Bank to confirm that the Buyer is able to buy gold and that they will issue a BG on Buyer’s behalf {in LIEU of Proof of Funds (POF)}, And according to FCO/(contract to be signed through mutual consent). 4) All rules and regulations of the Non-Circumvention and Non-Disclosure act, according to the latest edition of the ICC, shall apply to all Parties in this transaction and reference to that effect shall be made in the Contract to be signed by the Seller and the Buyer. 5) Contract is issued and signed by both parties. 6) Seller's Bank sends directly, bank to bank, to Buyer's bank a non-operative 2% PB for the delivery of 50 Kg (test tranche)** of Gold per above specifications. Buyer's Bank sends directly, bank to bank, to Seller's bank, BG for full payment, per contract {I.e. full payment after/according to assay report by Seller's contract gold refinery},thus making operative the Seller's PB. 7) Execution of Contract, Delivery and Shipment commence according to Contract. NB: PRIME BANK*, -OR- Prime Bank Endorsed. | ||||||
| Contact : DAVID MENSAH, SALES MANAGER | ||||||
| Headquarters : OBUASI MINING AREA, OBUASI, ASHANTI, 233, Ghana | ||||||
| Phone : +233245378268, Fax : +23321249800 | ||||||
| Email : Log on to trade instantly | ||||||
 | GOLD DUST COMMODITY DESCRIPTION AND SPECIFICATIONS: A: COMMODITY : AURUM UTALIUM (AU) B: FORM : GOLD DUST C: PURITY : 92.70% D: FINENESS/QUALITY : 22 CARATS+) E: ORIGIN : GHANA F: QUANTITY: APPROXIMATELY 1,200KG/YEAR, and for up to 10 years | |||||
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