Gold Buy Requirement from United Kingdom - 14-May-2025

We require high purity Gold 99.9%
CIF Dubai.
1. Commodity: Gold (Au).
2. form: Gold Bars
3. Size: 1 (One) Kilogram
4. purity: 99.9 %
5. fineness: 23 Carats Plus
6. Assay: Final assay to be made at and
by Buyer’s registered Refinery and this
value will be accepted by both Buyer and
Seller for the refined AU Bullion with
99.9% purity or better as 24 carats.

7. Origin: Non -Sanctioned
8. PACKING: International Export Package
Metal Boxes (Each box shall indicate
No of Bars and weight)
9. Total Quantity: 12,000 KG (Twelve
Thousand Kilograms over 12 months)
10. 1st shipment: 200 KG (Two
Hundred Kilograms)
11. Monthly Shipment: 1000 KG
(One Thousand Kilograms)
12. Delivery Terms: (CIF) Cost Insurance
and Freight)
13. Shipping: Incoterms 2010
14. PRICE: US$ 45,000/Kg (United
States Dollars Forty five Thousand Per
Kilogram)
15. Payment Terms: as agreed between
buyer and seller in the spa. (see below)

Procedure for Gold purchase from
non-sanctioned Countries with Dubai-Based
Guarantee Option

1. Expression of Interest & Due Diligence:

The buyer issues a Letter of Intent (LOI)
or soft corporate offer confirming their
interest in purchasing gold from Seller.

Seller provides full details of the Gold:
origin, quantity, purity, assay reports,
and export documentation samples.

Buyer performs basic due diligence
on the seller and the gold consignment.

2. Agreement Signing:

Both parties sign a sales and purchase
agreement (SPA) clearly outlining the
terms, including:

Quantity and purity

Price and payment terms

Delivery method (CIF or FOB)

Use of Dubai Chamber of Commerce
for logistics funds

Collateral in the form of a post-dated
cheque
3. Export Tax & Logistics Fund:

Instead of wiring funds to Seller, the
buyer deposits the required logistics /
export tax amount in a dedicated account
at the Dubai Chamber of Commerce,
which serves as a neutral and recognized
institution.

This amount is strictly used to cover
export documentation, freight, insurance,
and taxes in the country of origin.

4. Collateral Guarantee to the Buyer:

As a guarantee of good faith, the seller
team in Dubai will issue a post-dated
cheque equivalent to the deposited
logistics amount.

This cheque serves as a collateral and
will only be returned or cancelled once
the buyer receives the gold at the
agreed destination.

5. Shipment & Tracking:

Once the logistics funds are confirmed
in Dubai, the seller proceeds with:

Final export documentation

Customs clearance

Airfreight of gold to the buyer’s
destination (can be Dubai or any
other agreed hub)

The buyer receives the airway bill,
export permit, and tracking number.

6. Inspection & Confirmation:

Upon arrival, the buyer or his appointed
agent inspects the gold and verifies
quantity and purity.

Once verified, the buyer confirms
receipt in writing.

7. Final Settlement & Cheque Return:

The buyer proceeds with the final
payment as per the SPA.

The post-dated cheque issued as
collateral is returned to the seller or
marked void by mutual agreement.

8. Optional: Refinery Involvement in
Dubai

If agreed, the gold can be delivered to a
refinery in Dubai (such as Emirates Gold or
Al Etihad) for third-party assay and
handling, ensuring transparency and
added security.

Please if you can transact with these
procedures and pricing, kindly let us know
and provide endseller's details to enable
buyer issue letter of intent.
Please mention ref no DA/DU/G/option
We wait to hear from you soon.

Thank you.

Contact: Dr. Christopher Uwagboe
Company: Reliance Global Energy Ltd

Posted on : 14-May-2025
Posted From : United Kingdom

Related Products / Keywords

• Bullion

• Gold-bars