AU Gold Purchase Procedures
1. Online meeting via google meet between seller and buyer were applicable to express buyer’s intent and familiarization.
2. Buyer sends his formal intent letter (LOI) to the seller.
3. Seller sends full cooperate offer (FCO) to buyer based on the minimum gold order which is 100 kg delivery quantity plus a copy of our spa draft contract for buyers perusal and acceptance.
4. Buyer fills in his details, sign and send back to seller for signature.
5. Buyer issues seller/fiduciary an SBLC from either of HSBC, Barclays, JP Morgan chase, Standard chartered, UBS for a minimum value of $10,000,000 USD or you can discuss with an SBLC consultancy provider in Dubai or genuine SBLC issuance from rated banks they have provided our reputable buyers with confirmed original and Genuine instruments. Upon request we can share their contact details with you if needed.
6. To cover the buyer’s cost for SBLC issuance the Seller will issue a corporate account security cheque as an indemnity to protect the buyer in the event the transaction isn’t delivered.: This situation have never occurred since 2023 we started Gold deliveries. (Cheque must be returned back to us once 1st shipment is delivered.
7. Shipment commences and delivery is executed within the stipulated agreed time.
SPECIAL NOTE:
1. We shall can accept B rated banks SBLC if they are provided by Cila banking consultancy Dubai. From any of the other listed A rated banks as mentioned above, Buyer can issue directly from any of the listed banks.
2. Our gold is usually 22+ Carat and 97% Purity when refined after final assay it becomes 24
Carat which is 99.99% Purity.