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F.C.O
FULL CORPORATE OFFER SUBJECT THE SUBJECT OF THIS FULL CORPORATE OFFER (FCO) IS THE GOLD DUST PRODUCTION OF 1000KG , IN THE FORM OF AU METAL GOLD DUST OFFERED FOR SALE ACCORDING TO TERMS, SPECIFICATION, CONDITIONS AND PROCEDURES SALES AND PURCHASE AGREEMENT (SELLER)
WHEREAS THE SELLER WITH FULL CORPORATE AUTHORITY AND RESPONSIBILITY CERTIFIES, REPRESENTS, WARRANTS AND MAKES AN IRREVOCABLE FIRM COMMITMENT THAT HE CAN FULFILL THE REQUIREMENTS OF THIS AGREEMENT TO SELL AND PROVIDE THE COMMODITY HEREIN MENTIONED IN A TIMELY MANNER, UNDER THE TERMS SPECIFIED AND AGREED UPON BY THE SIGNATURES HEREAFTER. (BUYER) WHEREAS, THE BUYER WITH FULL CORPORATE AUTHORITY AND RESPONSIBILITY CERTIFIES, REPRESENTS, WARRANTS AND MAKES AN IRREVOCABLE FIRM COMMITMENT THAT THEY CAN PURCHASE THE COMMODITY HEREIN MENTIONED IN A TIMELY MANNER, UNDER THE TERMS SPECIFIED AND AGREED UPON BY THE SIGNATURES HEREAFTER.
THE BUYER UNDER FULL CORPORATE AUTHORITY AND RESPONSIBILITY DECLARES THAT HE AND HIS ASSOCIATES HAVE THE FULL CAPABILITY TO PURCHASE THE GOLD DUST. THE BUYER WISHES TO ACQUIRE GOLD DUST FROM THE SELLER, WHICH IS OF THE SPECIFICATION DETAILED BELOW. THE PRODUCT SPECIFICATION
COMMODY : ALLUVIAL GOLD DUST
ORIGIN: MALI / BURKINA -FASO / GUINEA
FORM: (GD) GOLD DUST
PARCKING DETAILS
LABORATARY: MINIST OF MINES OBRGM BURKINA-FASO and GUINEA / SGS
PRODUCT HISTORY: CLEAN, CLEAR, NO LIENS AND NON CRIMINAL ORIGIN QUANTITY: 1000KG SENDING: 50/100 WEEK x 12 MONTH SPURITY: 96, 6% Purity
QUALITY: 22 CARAT PLUS
CURRENCY: $ US / $ USD / €
PAYMENT: FOB
MODE OF TRASPORTATION: AIR FREIGHT PRICE PER KG: PRICE NEGOCIABLE PER KG MODE OF DELIVERY: Seller will ship to any destination preferred by the buyer PRICE PRICE PAYABLE BY THE BUYER TO THE SELLER WILL BE NEGOCIABLE (final payment for the Gold Dust shall be made by Wire Transfer to the Seller’s Nominated Bank, within 72 hours after receipt of final assay report from Buyer refinery) AGREEMENT OF EXPENSES A. THE BUYER WILL VISIT THE SELLER TO CONCLUDE THE CONTRACT AND INSPECT THE PRODUCT AT SELLERS DESTINATION B. ALL GOVERNMENT TAXES AND LEVIES ARE TO BE PAID BY BUYER AT THE COUNTRY OF ORIGIN, THE TAXES TO BE PAID AS DUTIES, LOCAL TAXES ASSURRANCE, LEVIES ARE 12% TOTAL COST OF ITEM AND BUYER DEDUCTS ALL TAXES PAID FROM THE FINAL PAYMENT AFTER REFINERY REPORT AT BUYERS DESTINATION.
C. UPON ARRIVAL OF GOODS AT BUYERS DESTINATION REFINARY, BUYER IS EXPECTED TO INSPECT THE GOODS, TEST THE QUALITY AND QUANTITY AVAILABLE AT THE AIRPORT. UPON CONFIRMATION OF QUALITY AND QUANTITY AVAILABLE, BUYER IS EXPECTED TO REIMBURSE TO SELLER.
D. BUYER AND SELLER AGREE TO MAKE A TEST OF 50-100 KG APPLYING WHAT IS WRITTRN AT POINTS “B” AND “C”. VERIFIED 50-100KG TEST GOLD DUST RESULT,
E. AFTER FIRST TRAIL SHIPMENT IS SUCESSFULLY DONE THE SELLER WILL SEND CIF BASIS TO THE BUYER’S REFINERY 500KG MONTHLY x 12 MONTHS. THE SELLER WILL PAY ALL TAXES, DUTIES IN THE COUNTRY OF ORIGIN, AND THE SHIPPING COSTS OF THE GOLD TO THE BUYER’S REFINERY DOCUMENTATION AFTER GOVERNMENT TAXES CLEARED THE ENTIRE ORIGINAL DOCUMENT SHALL ACCOMPANY EVERY SHIPMENT / DELIVERY. A. SIGNED COMMERCIAL INVOICE B. CERTIFICATE OF OWNERSHIP C. ASAY REPORT / INTERNATIONALLY ACCEPTED D. CERTIFICATE OF INSURANCE E. CERTIFICATE OF ORIGIN F. AIR-WAY BILL G. EXPORT PERMIT FULL PAYMENT THE FULL PAYMENT WILL BE MADE TO SELLER’S NOMINATED BANK ACCOUNTS NOT LATER THAN THREE (3) BANKING WORKING DAYS ONLY FROM WHEN THE SELLER HAS SAFELY DELIVERED THE GOLD DUST INTO THE CUSTODY OF BUYER’S NOMINATED REFINERY AND REFINED THE WHOLE QUANTITIES OF THE GOLD DUST. TRANSFER OF OWNERSHIP THE PARTIES HERETO CLEARLY RECOGNIZED THAT, THE SELLER IS THE SOLE AND LEGAL OWNER UNTIL SUCH TIME PAYMENT MADE BY THE BUYER TO THE SELLER BANK ACCOUNTS MAXIMUM 72 HOURS AFTER THE REFINERY RECEIPT FOR THE WHOLE PRODUCT. BINDING AUTHORITY THIS AGREEMENT IS BINDING UPON THE PARTIES HERETO, THEIR ASSIGNS AND SUCCESSORS AND IS SIGNED WITH FULL AUTHORITY TO ACT. EXECUTION OF THIS AGREEMENT THE TERMS OF THIS AGREEMENT SHALL BE CONFIRMED AND SIGNED BY THE BUYER AND THE SELLER VIA FAXSIMILE OR EMAIL.
SAID EXECUTED FAXSIMILE OR EMAIL SHALL BE BINDING AND INITIATES AND CONCLUDES THE LEGAL LIABILITIES BETWEEN THE PARTIES OF THIS FCO. BY SIGNING BELOW, BOTH EXECUTE THIS CONTRACT UNDER FULL PENALTY OF PERJURY. COMPANY MINEROR BENIN Sarl
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