COMMODITY
| : | AURUM UTALIUM (AU) METAL GOLD BULLION MANUFACTURED TO GOOD LONDON DELIVERY "GLD" STANDARDS / SPECIFICATIONS |
QUANTITY | : | 37 METRIC TONNES |
FINENESS | : | 999.5 / 1000 OR BETTER |
BAR SIZE | : | (1 KG- 12.5KG) |
HALLMARK | : | Internationally Recognised |
AGE OF HALLMARK | : | Less than 5 Years |
LOCATION | : | Sri Lanka |
PRICE | : | THE AGREED SELLING/PURCHASE PRICE IS THE QUOTED PRICE IN USD ON THE DAY OF TRANSACTION AS SET BY THE LONDON BULLION MARKET ASSOCIATION (LBMA) – SECOND FIXING (PM) FOR GOLD BULLION (AU), AND DISPLAYED BY THE LBMA. IN THE EVENT THAT THE LBMA IS NOT OPERATIONAL ON THAT SCHEDULED DAY, THE PRICE CALCULATION USED SHALL BE BASED ON THE SECOND LBMA FIXING OF THE NEXT MARKET OPERATING DAY. |
DISCOUNT | : | (10.00 %) GROSS ( 6.00 %) NET |
PROFESSIONAL CHARGES | : | THE DIFFERENCE BETWEEN GROSS DISCOUNT AND NET DISCOUNT TOTALING (4.00%) PERCENT, TWO PERCENT(2 % ) OF THE TOTAL (4.00%) PERCENT TO BE PAID TO SELLER’S PROFESSIONAL CONSULTANTS (CLOSED), AND THE OTHER TWO PERCENT (2 %) OF THE TOTAL (4%) PERCENT TO BE PAID TO BUYER’S PROFESSIONAL (OPEN) CONSULTANTS. BOTH BUYER AND SELLERS SIDE CONSULTANTS CHARGES ARE PAID BY THE BUYER; |
DELIVERY | : | FOB SRI LANKA |
PAYMENT | : | BY SWIFT MT103, OR LEDGER TO LEDGER IF SELLER’S TRANSACTION BANK AND BUYER’S TRANSACTION BANK ARE THE SAME. |