INTERNATIONAL COMMERCIAL SALES CONTRACT

GOLD PURCHASE/SALE AGREEMENT. CARAT 97% + 99% NON LME REGISTERED

Contract number {01}

based on international commercial law. based on the buying and selling needs of the parties

Today, September 10, 2024 / We, the parties voluntarily sign a gold sale and purchase contract, the agreement content is as follows.

 

 

Seller: referred to as Party A

 

COMPANY NAME

ADDRESS

COUNTRY

OFFICER/REPRESENTED BY

DESIGNATION/TITLE

PASSPORT NO

ISSUE DATE

EXPIRATION DATE

TEL NO

E-MAIL/WEBSITE

Buyer: referred to as Party B

 

COMPANY NAME

ADDRESS

COUNTRY

OFFICER/REPRESENTED BY

DESIGNATION/TITLE

PASSPORT NO

TEL NO

E-MAIL

 

Article 1 content of the agreement

1. After the agreement, the two parties agreed to sign the contract, international transaction, agree and accept the gold price. And agree to accept the quality of 23 carat gold with purity of 98+99. And agree to accept transportation to the location designated by the buyer. Agree and accept payment by bank transfer. The parties perform in the spirit of transparency, no coercion, comply with respect and strictly implement international law, the origin of gold must be clear, transparent, not violating smuggling. The origin of USD must be clear, transparent, not violating smuggling and money laundering. The parties voluntarily keep the secret and must not disclose the gold price information, without the consent of the person directly working, the parties are equal, both parties benefit, not affecting the reputation and honor of the parties. Independence in rights and obligations before international law regarding the work assigned to each party.

2. The agreement steps are as follows: Party A agrees to sell, Party B agrees to buy, the quantity of 23 carat gold with purity 98+99% with the unit price of 45,000$ (usd) 1kg, total quantity 5000kg. The unit price includes all VAT and export tax. Note that air freight costs are not included.

3. The quantity of gold delivered per lot is 500 kg. The delivery time of gold per lot is 10 working days. The total quantity is 5000 kg, the total delivery time of gold is 50 working days. Excluding weekly holidays.

4. After Party A and Party B sign the contract, Party B guarantees to pay DLC/700 for the amount of gold of 500 kg to Party A. After receiving the effective LC. Party A issues 2% PB. to Party B. And this DLC/700 is effective until the completion of the delivery of 5000 kg of gold and cannot be cancelled.

5. Party B sends a representative to UGANDA to check the purity of the gold and confirm the quantity of gold. And verify the information about the origin of the gold to see if it is eligible for export. Party B confirms the purity of the gold and the quantity of gold for the first batch is 500kg, and the origin documents are eligible for export. Party B pays Party A 5% of the total value of 500kg of gold.

6. Party A will pack 25kg/box and tie with straps, Party B will supervise Party A to pack gold according to Party B's request. After packing gold, Party A will issue invoices and related export documents. Party B is responsible for purchasing air tickets for Party A and together proceed to export goods to ……………….

7. When the gold arrives at ………….. airport,…………, it will be taken to the …………………customs import port. Party B is obliged to pay Party A 95% of the total amount of 500kg of gold within 24 hours by MT103 bank transfer. After Party A confirms that Party B has completed the payment. Party A transfers the invoice documents to Party

 

B to complete the import procedures. And Party A will fly back to UGANDA to continue the delivery.

1. Party B will not go to UGANDA to inspect the gold for the next order, and will not pay 5% of the total value of 500kg. Party A is obliged to deliver the next 500kg of gold to ………………….. airport, ………………. within 5 working days and notify Party B of the delivery date, so that Party B is responsible for purchasing the air ticket for Party A and Party B is obliged to pay 100% of the amount for the 500kg of gold within 24 working hours.

Article 2: Gold price and origin of quality parameters

 

COMMODITY :Aurum Utallum (AU), Gold Bar

​

FORM :Gold Bar

​

COUNTRY :UGANDA

​

PURITY :97+ % or better: 23+ carats or higher

​

PRICE :$ 45,000 USD per KG

​

COMMISSIONS :TBA

​

PACKING :25/kg/carton, tied with straps and packed in container or at buyer's option.

​

TOTAL QUANTITY :5000KG With Rolls and Extenssion

​

DELIVERY SCHEDULE :First order 500KG and weekly 500KG total delivery time 5000 KG. 50 working days

​

AIRLINE NAME :Flight Number, Flight Time, Arrival Time

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DELIVERY LOCATION: CIF port customs airport

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INSURANCE:110% by seller for each weekly delivery – value paid by seller.

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CUSTOMS AT PORT OF DISCHARGE / PORT OF ARRIVAL :The buyer shall be responsible for all customs procedures at the port of import of the goods as the seller will provide all documents and certificates necessary for the clearance of the goods.

​

PORT OF DELIVERY :UGANDA Airport

​

PRODUCT HISTORY :Clean, clear, no liens and non-criminal origin

 

Article 3: Types of invoices and export documents

 

(a) 3 SETS OF COMMERCIAL INVOICE SIGNED WITH ORIGINAL CACHET

(b) 3 SETS OF ORIGINAL BILL OF LADING

(c) 1 SET OF PACKING LIST ORIGINAL & 2 COPIES

(d) CHEMICAL ANALYSIS TEST CERTIFICATE, CARATS PURITY, TESTED BY OIL REFINERY TESTING CENTER OR SGS ORGANIZATION

(e) CERTIFICATE OF ORIGIN

(f)   INSURANCE CERTIFICATE

(g) OWNERSHIP CERTIFICATE

NOTE: BUYER CAN REQUEST ANY MORE SHIPPING DOCUMENTS IF NEEDED.

Article 4: DLC bank guarantee and contract guarantee

1. After signing the contract, Party B must guarantee the performance of the Contract for Party A in the following form:

2. Party B opens DLC700/MT103 can transfer 100% of invoice value of each shipment from 500KG, from the world's leading banks and irrevocably up to 5000kg of gold.

3. After receiving the effective LC, Party A issues 2% PB.

4. Upon receipt of the Refinery Inspection Report conducted in UGANDA. Party B shall pay 5% of the Commercial Invoice by TT MT103 Telegraphic Transfer within 24 banking hours. Party A shall issue the Official Commercial Invoice.

5. The next shipment will start as planned at SPA.

6. ​

7. SELLER'S BANK DETAILS TO RECEIVE SWIFT DLC MT700/. BUYER CAN CHANGE SELLER'S ACCOUNT TO RECEIVE DLC/PRINT INVOICE..

 

COMPANY NAME:

 

ADDRESS:

 

Contact Person:

 

Account Name:

 

Bank Name:

 

BIC/SWIFT CODE:

 

BANK ADDRESS:

 

ACCOUNT IBAN:

 

TELEPHONE NO.

 

E-MAIL ADDRESS:

 

BANK OFFICER:

 

 

1. SELLER'S BANK DETAILS ISSUE 2% PB TO BUYER'S BANK AND RECEIVE MT103 AFTER RECEIVING BUYER'S LETTER OF GUARANTEE.

 

COMPANY NAME:

 

ADDRESS:

 

CONTACT PERSON:

 

ACCOUNT NAME:

 

BANK NAME:

 

ACCOUNT NO:

 

IBAN:

 

SWIFT CODE:

 

ROUTING CODE:

 

BANK ADDRESS:

 

BANK OFFICER:

 

TELE. NUMBER:

 

E-MAIL ADDRESS:

 

 

 

STT

23 carat gold                  selling price usd                 quantity kg                          total amount

Purity 97/98                        45.000 $ 1kg                     500kg                                22.500.000 $

total payment amount        22.500.000 $                        5%                                  1.125.000 $

​

1. Party A will pack the goods and issue invoices. Party A will provide Party B with a set of documents and sample invoices. Party B will physically inspect the shipment and complete the documents at Party A's company.

2. Gold quality must have a purity of 98+99 or higher. Gold must have a clear origin and mining source.

Article 5: Delivery method and delivery location.

1. Party A shall deliver the goods to Party B within 10 days from the effective date of the contract (i.e. the date Party B sends the advance payment to Party A) and subsequent deliveries shall be made every 10 days.

2. Packing regulations, delivery date to airport party B is 6 working days. Time to receive goods is 4 working days, party B must pay storage fee upon receipt of goods.

3. Each shipment upon delivery must be confirmed by the Company Director or the person authorized by the Company Director (legal representative) of both parties, the above authorized person must be confirmed in writing by both parties.

Article 6: Payment method

1. After the two parties sign the contract, Party A will arrange for technical staff or legal representative of Party B to inspect the goods and determine the quality at Party A's warehouse.

 

1. After both parties have checked the quality in accordance with the provisions of Article 1, and Party B has inspected the actual shipment and all documents at Party A's warehouse, Party B will pay Party A 5% of the order value and pay the remaining 95% when Party A delivers the goods at Party B's airport. The two parties sign the acceptance and delivery minutes between representatives of Party A and Party B.

2. In case Party B is late in payment within the time specified in the contract, Party A shall not be responsible and Party A shall not accept delivery to Party B for unreasonable reasons.

Article 7: Responsibilities of each party.

1-Responsibilities of Party A:

1. Deliver goods on time, with the correct quality and type according to the Contract; Notify Party B in advance about the quantity and quality of goods to be delivered so that Party B can prepare means of transportation and purchase air tickets.

2. Party A and Party B must monitor the quantity and quality of gold in Party A's warehouse; Party A must provide sufficient quantity of goods according to Article 1:

3. During the delivery period, if Party A does not continue to supply the goods, it is considered that Party A has arbitrarily breached the contract (except in cases of force majeure such as floods, wars, changes in government policies, Party A must notify Party B within 2 days). If Party A arbitrarily fails to deliver the goods without reason, Party A must compensate Party B for damages equal to 5% of the advance payment value of this Contract (equivalent to the value that Party B has advanced to Party A according to the provisions of this Contract).

5-Responsibilities of Party B:

1. Must pay 100% in full and on time to Party A according to the content of the Contract; Must receive the entire volume of products according to Article 1 of this Contract; Be responsible for transportation and payment of transportation costs: Together with Party A, monitor the quantity and quality of gold at Party A's warehouse: At the time of delivery, if Party B does not come to receive the goods, it is considered that Party B has breached the contract, then Party B must compensate Party A for damages equal to the amount of 15% that Party B has advanced to Party A for each delivery without the right to complain.

Article 8: Termination of contract.

1- The two parties will terminate the Contract in the following cases:

 

The Sales Contract has been completed; The Sales Contract is suspended or canceled due to the agreement of the two parties or the occurrence of a force majeure event. The termination of the Contract must be made in writing by both parties to specifically release the responsibilities of the two parties under this Contract.

Article 9: General terms.

1. Conduct acceptance and handover of the shipment at the warehouse of Party A and Party B. The two parties must send each other a document confirming the legal representative (if the Company Director cannot directly accept and handover).

2. The two parties commit to strictly implement the terms signed in the Contract. During the implementation of the Contract, if there are any difficulties or problems, the two parties will promptly notify each other and discuss and resolve them together in the spirit of mutual support and respect for each other's interests;

3. Disputes arising during the performance of the contract shall be resolved through negotiations. If negotiations fail, the dispute shall be submitted to the Singapore Court of International Commercial Arbitration for resolution. Any decision of the Court shall be final and binding on both parties;

4. The Contract Appendix, Goods Handover Minutes and Import-Export Documents are an inseparable part of this Contract; The Contract is made in 04 copies with equal legal value, each party keeps 02 copies and takes effect from the date the 02 parties sign the Contract.

5. We, Party A and Party B, have read and understood the content of the contract and agree to sign and take legal responsibility for our actions.

 

REPRESENTATIVE OF PARTY A.             REPRESENTATIVE OF PARTY B.

 

 

 

 

 

 

MR.                                                                             MR.

 

 

 

 

 

 

 

SELLER                                                                               BUYER