Gold | Alahram Group

MINING

Mining Price June 2023

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Gold 99.99

Origin: Swiss

Min~Max: 500kg~2000kg /month

African gold

Origin: Africa

Min~Max: 500kg~2000kg /month

In case buyer requests CIF, the procedures are as follows:

1- The freight cost is separate from the goods value and is also paid separately via t/t shipment by shipment.

2- Average freight cost for CIF is 45-69 USD per MT.

3- It will be determined upon destination and origin country.

AGREEMENT PROCEDURES

1-Buyer must issue (ICPO-BCL) or ICPO which is signed and stamped from buyer's bank. After verification, the seller will issue the completed SIGNED • SEALED (FCO). Monitoring of a draft contract for the two countersigning parties.

2- Within three (3) working days, the Buyer must examine the countersign/or make the necessary modifications.

3-Within seven (7) business days of the deposit of the agreement in both banks, the buyer's bank must issue a financial instrument or confirmed and guaranteed by the largest bank in the world acceptable to the seller.

4-Within ten (10) business days of receipt, verification and authentication of the financial instrument from the buyer, the seller must submit a full performance bond (POP) and 2%.

5-Delivery of the first shipment takes place within 28 to 35 working days from the date of acceptance of the financial instrument by the seller.

6-(NCNDA/IMFPA) will be approved by both seller and buyer's bank. Upon arrival of the vessel at the port of destination, the buyer unloads the product and within 72 hours pays all parties their commissions.

The seller issues complete documents (POP) to the buyer via a bank to bank, namely:

A. Copy of Commercial Invoice.

B. Copy of export certificate approval.

C. Copy of Product Availability Statement.

D. Copy of the refinery's commitment to manufacture the product.

E. Copy of the Transnet contract to transport the product to the port.

F. Copy of port storage agreement.

G. Copy of charter party agreement to transport product to port of discharge.

H. Customer's formalities and test report to buyer's bank.

I. Certificate of Origin.

J. Copy of Vessel Questionnaire 88.

K. Immersion Test Authorization. (At buyer's request and buyer will pay full amount)

L. Copy of loading slip.

Report Mr. SGS.

N. Receipt of tank.

In the FOB case, the seller's bank must release the financial instrument immediately after the buyer has received all the POP documents. In the CIF case, when the ship arrives at the port of destination and the buyer performs an inspection on the goods and on

satisfaction/freight passes (SGS), the seller's bank must release the financial instrument within (3) three working days and the buyer pays the full amount of the inspection at the port of destination.