Seller Company Firm NameCGO Legend
Country, City, Company AddressText marked red to edit by the seller
Text marked blue to edit by the GGI
COORDINATED GOLD OFFER (CGO)Latest Version HERE 02
GOLD SALE CONTRACT AGREEMENT
FCO №:XXXXXXXXXXX / 20YYDraft DD.MM.YYYY
FCO Date:DD.MM.20YY
Seller Representative:Name and Surname
Consignee:1.AMS d.o.o. Inc. Gold Global International
EUSlovenia, 1000 Ljubljana, Štihova 25
Buyer Representative:Msc. Dejan Sešlar dipl.ing.dipl.oec.
Buyer AirportZurich, Switzerland
(double click to check/uncheck)Vienna, EU Austria
The validity of this offer: Till the date of purchase money payment, after refinery assay.
Mrs/Mr Name an Surname, Country, Passport No.XXXXXXas the Representative of the above mentioned
company and/or association/group of local miners, hereby I am confirming with full legal and corporate responsibility under penalty of perjury, that my company/association is ready, willing and able to enter into a contract to sell
RAW SEMIREFINED GOLD BARS, GOLD DUST, GOLD NUGGETS,under the following terms and conditions:
1. COMMODITY AND SHIPMENT AND PROCEDURE DESCRIPTION
TRIAL SHIPMENT PARAMETERS
GOLD TYPE:AU GOLD BARS.
GOLD FORM:Gold Bar 1 Kg.
GOLD PURITY:22+ Carat.
GOLD FINENESS:96%.
GOLD QUANTITY:100 Kg.
PRICE:$ 00,000USD per Kg.
ORIGIN:Country.
STOCK, CAPACITY:500 Kg,100 Kg monthly.
DURATION:12 Months & Options for extension from 1 year to 5 years or to 10 years.
EXPORT:Export procedure from export country implemented by the seller.
INCOTERMS:DAP, Delivered At PlaceBuyers’ Airport Europe.
AIR DELIVERY:Hand carry, personal luggage, courier delivery,
Shipingcompany, Charter Jet, Private Jet, Etc.
PACKAGING:Metal Boxes, Etc.
PACKAGE QTY:2
PAYMENT:According to the Final Assay Report.
ASSAY:Final Assay Report will be obtained at the Buyers’ Refinery.
OWNERSHIP:Seller persist as gold owner for the whole refining procedure, until the full payment.
PAYMENT TYPE:A Bank to bank only.
:B Combined, bank, cash.
:C Cash only.
CURRENCY:A $ US Dollar.
:B ______.
2. TRANSPORTATION DOCUMENTS
This delivery shall be accompanied by:
1.Certificate of Origin.
2.Certificate of Ownership.
3.Copies of Commercial Invoice.
4.Preliminary Assay Certificate.
5. Certificate of Non Criminal Origin.
6.Certificate of Photosynatry.
7.Shippers instructions for airway bill.
8.Safe Keeping Receipt.
3. PROCEDURES(marked red should be rearranged according to the regulations of export country)
A:STARTING PROCEDURES
1) Seller issues FCO, Representative Passport copy is mandatory.
2) Buyer mandate arrange theCGO Draft for seller’s information, confirmation and authorisation.
3) Seller arrange the completion of the Company registration and CGO documentation, annexes, etc.
4) Buyer mandate arrange the Proforma Inv. Draft for seller’s confirmation and authorisation.
B:EXPORT PROCEDURES(should be defined by the seller)
5)Export permit certificate
Certificate №:xxxxxxxx
Permit Date:xxxxxxxx
Permit Validity:xxxxxxxx
6)Export country regulations for export procedures(should be defined by the seller)
xxxxxxxxxxxxxx
7)Seller’s procedures for export (should be defined by the seller)
xxxxxxxxxxxxxx
Followed contents 8, 9, 10, are stated as the example only and should be rearranged by the seller also.
8)Seller prepare and arrange…(if needed).
9)Seller makes the deposit of gold and the deposit of contract copies …(if needed).
10)The ministry of mines will perform …(if needed).
C:DELIVERY PROCEDURES(should be defined by the seller)
11) The seller takes care of the freight charges and then sends to the buyer the airway bill as well as the informations regarding the flights schedule.
12) Export and freight agency get in contact with buyer with all informations and documents.
13) Gold shipped to buyer’s destination Airport Free Zone accompany by seller’s representative.
14) Gold received by buyer’s Smelting/Refinery company in the presence of seller’s representative.
4. OWNERSHIP TRANSFER PROCEDURE
1) After arrival to the Buyer’s Airport Free Zone before Custom clearance procedure with the refinery coordination Gold shipment will be registered on the name of the seller.
2)Gold shipment will be properly marked, meaning the GOLD INVOICE Document will be signed with SHIPMENT TRACKING NUMBER.
3)The ownership WILL NOTbe changed and MAY NOT be changed until the final and total purchase money payment will be performed according to the Assay Report by BIC Swift bank wire transfer to the SELLER’ s nominated bank account, on bank to bank basis.
4) Custom clearance costs and Import Taxes charges and the costs for the safe and insured transportation from the Airport location to the refinery location will be all covered by the Buyer.
5)Seller/owner or his representative will be asked for the approval and for the acceptance and for the confirmation and for the authorization of the published Assay Report and its definition of contained components for thesemirefined gold.
6)To start the payment procedure the gold fineness/purity must be authorized from the seller.
7) After the seller/owner’s confirmation of the Assay Report the Buyer’s purchase money payment procedure may start. Usualy bank wire, on bank to bank basis, optionally other special request for payment procedure should be negotiated and should be agreed as Annex for this FCO document.
8)After full payment the certificate document to be issued for the ownership transfer.
Basic options for ownership transfer:
A :Seller/Owner had agreed for automatically ownership transfer under condition of full payment and after the bank confirmation that the seller/owner has received the whole amount of purchase money payment according to the agreement and according to the accepted and authorisedAssay Report.
B :Seller/Owner will make authoriseddocument (10 GGI Metal_Account_opening_authorisation_request) for his representative. The seller/owner’s representative will be present during the whole process of smelting/refining. Furthermore, after the acceptance and the authorisationof the Assay Report the seller/owner’s representative will make also the authorisationneeded for the ownership transfer.
5. PAYMENT TERMSPAYMENT GUARANTEE
1)The payment to the SELLER shall be made by BIC Swift bank wire transfer to the SELLER’ s nominated bank account within 48\ 72 Banking Hours after final assay and upon satisfactory completion of the refining and simultaneous transfer of the Gold title (ownership).
2)The Buyer may not be present in Seller’s country to sign a contract, will be made via Emails.
3) The commissions to Buyer’s Mandate and/orto Buyer’s Agent and to Brokers and to Intermediaries shall be paid by the Seller by BIC Swift bank wire transfer within 72 hours after the receiption of the whole Fine Gold 999’9 purchase money payment confirmed by the Seller’s bank, on bank to bank basis.
4)Commissions for the Mandate, Agent, Brokers and Intermediaries must be payed and will be payed by the Seller for delivery of each followed gold shipment to buyers refinery.
5)Commission agreement will be stated as annex for this CGO.
Additional terms:
Xxxxxxxxxxxxxxxx (additional seller’s requests, terms, conditions).
Buyers are able to split seller's NET Delivery Costs, meaning AIR Delivery costs and accommodation, 50 : 50.
The money for the share 50% cost will be added to the final Fine Gold 999'9 payment after Assay Report.
Furthermore Buyers are able to cover the value share of 2% gold selling value for the seller's expenses for EXPORT Taxes.The money for the share of the seller's cost regarding Export Taxes, as stated 2% of gold selling value, will be added to the final Fine Gold 999'9 payment after Assay Report.
I Name and Surnamehereby declare that all information in this CoordinatedGold Offer are nothing but the truth and is applicable in the contract and other agreements concerning this transaction.
The CGO shall become expired, null and void. No changes, alterations, or substitutions shall be permitted unless the same shall be notified in writing and signed by both parties.
GOLD BUYERS THEIR PURCHASING PROCEDURE MUST IMPLEMENT ACCORDING THE LAWS OF EUROPEAN UNION THAT ITS REGULATION AND SAFETY IS THE SAME AS BANK LAWS.
BuyerSeller
Date: DD.MM.YYYYDate: DD.MM.YYYY
1.AMS d.o.o. Inc. Gold Global InternationalSELLER’S COMPANY/ORGANISATION NAME
EU Slovenia, 1000 Ljubljana, Štihova 25Country, Company/Organisation Address
Signature/SealSignature/Seal
Dejan SešlarRepresentative (name and surname)
Representative’s PassportRepresentative’s Passport
Annexes:
1. Preliminary Assay Report.
2. Gold stock photos with date and our name.
3. Commissions agreement for Buyers’ Mandat and Agents (19 GGI).
4. Lobbying fees agreement for Brokers and Intermediaries (18 GGI).(if needed)
CGO procedure:
1. Seller defines the basic informations, text marked red.
2. CGO Draft should be authorized from the seller and sent for Buyer Mandate review.
3. Buyer Mandate checks if the received informations are convenient for the procedure continuation.
4. After the CGO will be arranged according to the buyers’ requests the procedure may continue.
5. Firstly the completed CGO Draft will be sent for the seller’s authorization, signature and seal.
6. Finally the completed CGO will be sent for the buyer’s authorization, signature and seal.
Electronic signature is valid and accepted as a hand written signature !