Major Buyer Requirement for Gold Bullion Bars

Buyer Requirement for Gold Bullion Bars

Buyer Profile: Our client is a prestigious Fortune 500 company, renowned for its stability and commitment to long-term, high-value transactions. The company is prepared to purchase up to 2 Metric Tons (MT) of Gold Bullion Bars per month over a period of 36 months, demonstrating a serious and sustained commitment to investment in precious metals.

Transaction Requirements:

1. Quantity & Contract Duration:

   • Monthly Purchase: Up to 2 MT of Gold Bullion Bars.
   • Contract Period: 36 months with an option for extension or increase in volume based on mutual agreement.

2. Transaction Terms:

   • FOB (Free on Board): The transaction must be arranged on FOB terms, ensuring the Seller is responsible for the goods until they are loaded onto the vessel or aircraft for transport.
   • TTM (Tabletop Meeting): A TTM between the Seller and Buyer or their representatives is mandatory to finalize the details of the transaction, ensuring clarity and mutual understanding of all terms.

3. Proof of Funds (POF) & Proof of Product (POP) Exchange:

   • POF/POP Exchange: A secure and confidential exchange of Proof of Funds from the Buyer and Proof of Product from the Seller must occur prior to the arrangement of inspections, assay, or shipment to establish the authenticity and readiness of both parties.

4. Inspection, Assay, and Payment Terms:

   • Inspection/Assay: All Bullion Bars will be delivered to the Buyer's refinery in Switzerland for independent inspection and assay to verify purity and compliance with agreed specifications. The inspection and assay will be conducted by a mutually agreed and certified third-party.
   • Payment Terms: Payment will be made after the assay is completed and satisfactory results are confirmed by the Buyer’s refinery. Payments are secured through banking channels agreed upon by both parties.

5. Trial Order:

   • A Trial Order is negotiable and can be arranged to ensure satisfaction with product quality and transaction procedures before commencing the full contract.

Commitment to Quality: This arrangement emphasizes the highest standards of quality, transparency, and security, ensuring all parties are protected throughout the transaction process. We are committed to maintaining open communication, strict adherence to international trading standards, and delivering excellence in all aspects of the procurement process.

Next Steps: Interested and qualified Sellers are encouraged to submit their proposals and readiness to comply with the outlined requirements. We look forward to establishing a successful, long-term partnership that delivers consistent value and reliability.