Loading...

Buying Procedures

Please read through these procedures carefully before contacting us.

Buying Procedures

  1. Product:Au Gold Bars / Rough Diamond
  2. Purity: 96% + / Clarity: FL –VS1/2, Colors: D - G
  3. Assay: Final Assay to be made at the Buyer’s Designated Refinery / Analysis Destination.
  4. Quantity: [To Be Determined]
  5. Price: Per Kilogram, FOB / CIF [Buyer’s Destination]
  6. Locations: Freetown, Sierra Leone / Conakry, Guinea / Monrovia, Liberia.
  7. Port of Export: Freetown / Conakry / Monrovia
  8. Mode of Payment: Wire Transfer
  9. Packaging: Safe Metal Export Boxes Suitable for Air Freight

Procedures

  1. Seller issues FCO, the Buyer signs and return back to the seller.
  2. Seller issues Sales & Purchase Agreement (SPA), both Buyer and seller signs. Seller legalize the SPA.
  3. Buyer or his representative will travel to Freetown, Sierra Leone for table meetings and inspection of gold, while in Freetown Buyer shall witness all processes involved for the smooth transaction of the goods.
  4. Seller nominates a Government Licensed Exporting Company to handle the Government royalties, and Shipper to handle Insurance, Freight and Delivery.
  5. Once the Government Licensed Exporting Company invoice has been confirmed paid, the Shipper commences with the logistics for the freight of the gold / diamond and in maximum of 4 days; the Seller / Shipper shall have delivered the gold to buyer’s agreed destination.
  6. Buyer and Seller travel to the destination to test and confirm the purity of the gold / diamond, Buyer pays the gold assay costs at the agreed refinery/ diamond analysis cost at analysis destination.
  7. The Seller shall send all the associated documents to the buyer 72 hours before the goods reaches the final destination including Commercial Invoice, Insurance, and Certificate of Origin, Export Permit, Ownership Certificate, Customs Clearance, Airway Bill, Including KPC for Diamond, etc.
  8. Final Payment, which will be based on 99.995%, and less the local costs incurred at Origin. Full payment of our gold or diamond shall be within 5-days from the date of final assay report from buyer’s refinery/ analysis destination in case of diamond.