CONTRACT N° :ASS/BKO/002
Seller’s Code :ASS/ML/BKO/02
Buyer’ Code :
Date :07/03/2018
AGREEMENT FOR THE PURCHASE AND SALE OF GOLD BARS
BETWEEN
ASSOCIATION OF MALIAN GOLD MINERS
AND
Name of the Buyer’s Company
and/or it owner ____________________ (Names Of Owners of Corp.), as well as any and all of said party’s agents, representatives, successor, assignees, heirs, and/or any and all parties acting in their behalf (hereinafter referred to collectively and severally as the “Buyer”);
WHEREAS: Seller agrees and warrants, under penalty of perjury, to sell ALLUVIAL CONCENTRATE in the form of non-refined Gold Bars (hereinafter referred to as "GOLD BARS").
WHEREAS: Buyer agrees and warrants, under penalty of perjury, to Purchase Seller's Gold bars 22+ carat 96.6% purity at an agreed price and period of time.
DEFINITION OF TERMS GOLD
This term “Gold” or “Raw Gold” refers to the general description of the AU prior to its final refinement by the buyer's authorized refinery as mentioned in this Contract.
This term “GLD standard” or “GLD Gold” refers to the general description of the sold and purchased commodity, 22+ carat in 96.6% purity, as mentioned in this Contract.
SCOPE OF AGREEMENT
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The Seller, under full corporate responsibility and liability, represents that he has the clear and qualified right to export from Rèpublique du Mali and sell the Gold Bars.
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The Buyer, under full corporate authority and responsibility, represents that he has the clear and qualified right to import the gold bars,
NOW, THEREFORE: In consideration of the promises and mutual covenants herein set forth, both Parties agree to the Terms and Conditions as follows:
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COMMODITY SPECIFICATIONS
Commodity: AU-METAL rough Aurum Utallium(gold bars)
Quantity: first tranche. 25kgs and 50kgs month for 12 Months.
Form: Bars.(AU Concentrate)
Purity: 96.6% or Minimum.
Finesse: 22 + Carats Minimum.
Assay: Final Refinery Assay Report, issued by buyer’s refinery, will be accepted by both buyer and seller.
Origin: Republique du Mali
Packing: Export Package Boxes.
Price: USD $27000 per unrefined Gold,(CIF)
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QUANTITY
The total contractual quantity under the terms of this Agreement is 25 kgs first shipment; with minimum deliveries of 50 kgs every monthfor period of 12months , with terms and conditions reviseable and with possible rolls & extensions.Each lot will be delivered upon good and satisfactory delivery of the previous lot and upon satisfactory payment settlement to Seller. Each delivery shall be delivered regularly according to Buyer’s delivery schedule, each delivery must be delivered to xxxxxxxxxxxxx (hereinafter "destination")
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PURITY
The Seller shall provide Gold (Raw Gold bars) with a minimum fineness of 96.6% or better as per the assay certificate to accompany delivery of commodity to buyer’s refinery.
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PRICE PER KILOGRAM
The Buyer shall pay to the Seller the sum of USD $27000 per Kilogram of unrefined gold upon net weight after assay
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PAYMENT TERMS
Payment for the first tranche based on the invoice total for(25 Kgs) contractual quantity under the terms of this agreement shall be USD . Maximum of 3 banking days. The payment shall be made by SWIFT bank wire to the Seller's nominated Bank Account.
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SERVICE FEES
Seller is required to pay any export duties, export taxes and shipping charges to the Buyer destination.
