|
Precious
Metals > This page
Full Corporate Offer
All seller's of gold product should fill
out this form out in full, on their own company letterhead, using the
exact text below. Please be sure to include all necessary signatures.
(SELLER'S LETTERHEAD)
FULL CORPORATE OFFER
TO:
THROUGH: (list all intermediaries in succession and their phone/fax
numbers)
I, _______________________________, with full legal and corporate
responsibility, and under penalty of perjury, with full knowledge of the
act of fraud; and as the Seller or Authorized Seller's Mandatory, are
ready, willing and able to deliver the herein offered (Au) metal under
the following terms and conditions:
|
Commodity: (type
of metal)
|
|
Form: (dust,
nuggets, doré, refined bars)
|
|
Bar Size:
(indicate bar size)
|
|
Hallmark:
Internationally Accepted
|
|
Purity: (fineness
e.g. 99.99% Pure)
|
|
Quantity:
(?) metric tons with possible rolls & extensions to (?) mT
|
|
Origin: (country
of origin/export country)
|
|
Price:
2nd day fixing, London Bullion Market, on the day of delivery
|
|
Discount:
Gross (?%) Percent; Net (?%) Percent to the Buyer
|
|
Commission: A ___
(?%) Percent Commission will be split as; ___ (?%)
Percent to the Sell Side and ___ (?%) Percent to the Buy Side
|
| Payment: Bank-to-Bank,
as agreed by Buyer & Seller |
|
Lifts: To be determined
by Buyer & Seller Banks
|
Delivery Terms:
|
1. The Seller or his Mandate issue
a GENUINE, ORIGINAL, CLEAN, CLEAR, unsanitised full
corporate offer - FCO (this document)
-
FCO must besigned and sealed by the seller/seller's
mandate ONLY.
-
A FCO issued by seller or seller's mandate
must have a letter stating that they have the authority to sell
on behalf of the principal, and must be signed and witnessed by
a public notary.
-
The gold must be in a recognised world
bullion bank (safekeeping receipt,asset guarantee certificate)
2. The Buyer/Buyer's Mandate submits a letter of intent/LOI (RWA/RWAD)
and a contract.
3. The Seller/Seller's Mandate responds with the signed and sealed
contract with full banking coordinates, and an invitation for the Buyer's
bullion officer to contact the Seller's bullion officer.
4. The Buyer/Buyer's Mandate signs the contract, and accepts the
invitation of the Seller's bullion officer. The Buyer/Buyer's Mandate
sends a hard copy of the contract/agreement signed by both Buyer and Seller
with full banking coordinates.
5. The Buyer's bullion
officer initiates the contact with the Seller's bullion officer by KTT.
6. The Seller's bullion
officer will be instructed by the Seller to verify the Au metal, the quantity
available, and to disclose any/all liens and encumbrances attached to
the metal.
7. Upon receipt of the proof of existence of the Au metal and the
certificate of authority to sell, the Buyer will instruct his bullion
officer to confirm the availability of funds to be used as payment when
the gold is delivered.
8. The Buyer and the Seller agree on a window time for exchange.
The payment to the Seller will be disbursed within 24 hours against the
transfer of ownership of the metal. Commissions will be paid immediately
and without delay to each appointed paymaster. The paymaster will likewise
pay to the intermediaries their earned commission.
THERE WILL NOT BE ANY "MONEY
OR BANK INSTRUMENTS (SUCH AS BANK COMFORT LETTERS, BANK CAPABILITY LETTERS
OR LETTERS OF CREDIT) UP FRONT FIRST". PRECIOUS METAL HAS TO BE PROVEN
FIRST, THEN MONEY SECOND.
Dated this _____ day of
_______, 2000; for and on the behalf of:
X___________________________________________________
Signatory Seller (or) Authorized Seller's Mandatory
Print Name:
Passport number and country of issue:
Recommended further reading:
Letter of intent - precious stones
Letter of Intent
Certificate of authority to sell
|