LETTER OF INTEREST (LOI) TO SELL
50 (Fifty) Kilograms per month for 12 Months
Gold Bars South Africa Origin with 99.90% minimum and better
I Mr. Aidarkhan Kaldassov, owner of APK Ogneupor LLC company, Republic of Kazakhstan Country, as the Seller, hereby confirming with full corporate responsibility under the penalty of perjury, that the we the Seller is ready, willing and able to SELL the Gold bars Delivery 50 kg of quality 99.90% Au, according to the terms and conditions stated below, confirm our intention to sell
Goods listed below subject to the final terms and conditions being accepted:
Goods: Gold Bars, originated from South Africa / Kazakhstan
Purity: 99.90% +Au minimum and better
Quantity: 50 (Fifty) kg per month, 1000 kg per year.
Duration: 12 (Twelve) months with possible Roll Overs and Extensions.
Loading Port: Transported by Air from Loading port Astana, Kazakhstan or Yohanesburg, SA.
Destination Port: Dubai International Airport (CIF basis).
Price: Sold on a CIF – Cost, Insurance & Freight. Pricing based on LBMA 5-day average, less a 3% discount, confirmed in the final contract.
Packed: Packed in 25 - 50 Kg box.
Inspections: SGS will survey the refinery plant, inspection produce product, cargo and issue a report at time of loading at Seller cost. Buyer may at Buyers choice have the Goods surveyed upon arrival at Delivery airport at the buyer’s cost.
Payment Terms: Payment via Standby Letter of Credit (SBLC) in the amount of USD 5,300,000.0 per lot (50 kg), valid for 90 days. SBLC to be issued via SWIFT MT760. Upon arrival and inspection, balance payable by bank transfer as per the contract.
Performance Bond : A 2% Insurance Performance Bond (USD 106,000) to be issued by the Seller after receive with the SBLC, via SWIFT MT760 or MT799.
Bank Instrument Coordination: Both the SBLC and the 2% Insurance Performance Bond shall be issued via bank-to-bank SWIFT exchange, as follows:
• SBLC via SWIFT MT760
• Performance Bond via SWIFT MT760 or MT799
Proof of Product Requirement, the lot is already produced and ready to ship:
- Certificate of Origin (COO); - Final assay/refinery certificate from SGS; - Packing list and pro forma invoice.
Sincerely yours, Signatory the Bayer
