Fwd: FW: Gold bar

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giovanni di bari

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Mar 4, 2014, 4:16:06 AM3/4/14

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offer 04032014/go8767

Dear Sir,

CONFIDENTIAL- PLEASE DO NOT ANNOUNCE THIS ENQUIRY NOR SEND IT OVER FOR BROKERS. ITS ONLY FOR YOU AS END SELLER OR YOU AS SELLER'S MANDATE KIND ATTENTION!!!!

Dear Associates (Ladies & Gentlemen),

Please kindly check below GOLD BAR/SCO offer received from an associate.

Please read the offer's sender message "carefully" to avoid unnecessary Q & A:

QUOTE

Dear sir

This is from very reliable SCO from seller side, the seller's bank officer will contact officially to bueyr's bank officer after contract done.and they'll issue invitation letter officially. Please review sco and procedure carefully and get back to us.

A. I first need to know if principal buyer agrees to the procedure. I know it is not an official but I need to know if the PRINCIPAL buyer can follow the procedure.
B. I am NOT the sellers mandate but my partner is direct to mandate.
C. Please read the procedures!!!!!! Bank to bank. Officer to officer.
D. 1.5% buy side, 1.5% sell side closed.I have just one more group from of me.

xxxxxxx

SOFT OFFER DATED February 28, 2014

AU metal Gold in Bar Form

12.5 Kilogram Bar

2,000MT (Two Thousand Metric Tons) with Rolls & Extensions

International Acceptable Hallmark less than 5 years 999.5/1000 fineness

The second fixing London Bullion Market Association (LBMA); total discount 9% (nine percent) based on the second fixing of London Metal Exchange (LME); net to the Buyer 6% (six percent)

Total consultancy fee: 3.0% (three percent)

1.5% for Buyer’s Intermediaries payable by the Buyer

1.5% for Seller’s Intermediaries payable by the Seller (closed)

Delivery/Location: Ex security warehouse Hong Kong

First lift: Two Hundred Metric Tons (200MT)

Second lift: To be mutual agreed

Payment: Bank to Bank (Ledger to Ledger) basis at HSBC in Hong Kong

DOCUMENTATION

1. Certificate of Purity

2. Commercial Invoice

3. Certificate of Ownership

4. Packing List

5. Safe Keeping Receipt from storage/warehouse in Hong Kong

6. Certificate of Origin

7. All Export documents

8. Tax Clearance including Declaration that the Product is Free from Liens and Encumbrance

PROCEDURES

1. Buyer signs the draft agreement electronically and returns it to the Seller for countersignature. The electronic signatures are deemed acceptable for both parties.

2. Buyer and Seller lodge the signed agreements to their respective banks; Buyer issues the confirmation letter to the Seller for setting up the window time for Bank Officers to commence the transaction.

3. On the appointment day, during the window time, Seller’s Bank Officer shall contact the Buyer’s Bank Officer directly to acknowledge of having received the agreement and be ready to perform the agreement as per Transaction Code:…….; then Buyer’s Bank Officer will confirm availability of funds to purchase 200MT of AU Metal and Seller’s Bank Officer will confirm availability of product.

4. After verbal verification of the POF and POP have been positively confirmed by both parties’ Bank Officers, then Buyer’s Bullion Bank Officer and Seller’s Bullion Bank Officer shall jointly calculate and fix the final purchase price for 200MT of AU Metal based on the second fixing of the LME price on the previous day.

5. After the final purchase price has been calculated, then Seller’s Bank Officer shall issue an Invitation Letter stated with banking responsibility for the confirmation of product in the amount of 200MT of AU Metal, to invite Buyer into the HSBC, Hong Kong Main Office for blocking the funds of 200MT of AU Metal by the agreement as per Transaction Code:…….; Upon receiving the said Invitation Letter, Buyer shall sign for the acknowledgement.

6. On the same banking day, Seller shall invite Buyer for physical inspection of AU Metal at the Seller’s Security Warehouse in Hong Kong and Seller shall also provide the original SKR for 200MT of AU Metal with related documentation to the Buyer. The Buyer then shall sign for acknowledgement of the said SKR and the documentation.

7. On the next banking day, after AU Metal has been physically inspected by the Buyer at the Seller’s security warehouse in Hong Kong, Seller shall issue an Invitation Letter to invite Buyer to the Seller’s Bank, HSBC Hong Kong, Main Office, for concluding the transaction. Upon receiving the said letter, Buyer shall sign for the acknowledgement.

8. On the appointment day, which is the next banking day, Seller and Buyer have a meeting in the Seller’s Bank for concluding the transaction. Seller shall transfer the ownership of 200MT of AU Metal and all related documentation to the Buyer, and simultaneously Buyer shall instruct his Bank Officer to release the full payment for 200MT of AU Metal, into Seller’s account in the HSBC, Hong Kong Main Office. The conclusion of the transaction shall take place under acknowledgement of Seller’s and Buyer’s Bullion Bank Officers, who shall endorse the document transferring ownership.

9. On the same day, Seller and Buyer shall instruct their respective Bank Officers to immediately transfer consultancy fee to the designated accounts of consultants and intermediaries as per FPA by the Transaction Code:…….

10. Upon transfer of title and ownership by the Seller to the Buyer, Buyer will take delivery of the AU Metal at the Bonded Warehouse in Hong Kong.

11. Further deliveries of size and frequency of lifts to be followed in accordance with the agreed schedule and pursuant to the procedures as set forth herein between Buyer and Seller until the commodity is fully exhausted.

The complete contract quantity shall be completed within one (1) month from the date of the first lift

UNQUOTE

If your principal buyer accepted procedure, price, quanity etc, then confirm to advise next step.

PRICE AND AVAILABILITY ARE SUBJECT TO CHANGE AT ANY MOMENT WITHOUT ANY NOTIFICATION!!!

Offer is on First Comes First Served basis!!!!

Best regards

M.Feingold

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