Gold Gold Gold Bank to Bank in India (ADV - Minerals & Metals)
by golden2010 
, Coimbatore, Saturday, January 17, 2015, 04:53 AM (3409 days ago)
We have been nominated as the Indian Mandate for a German Refinery Company which is having branches in Dubai and in India. The gold is imported as 94% ct. puririty dore bars and will be refined to 999.99 purity in MMTC, New Delhi and delivered. For this the procedure is as follows :
1. The buyer forwards a LOI for a minimum of 50/100kg trial quantity.
2. Our company forwards FCO with terms and pricing.
3. The buyer sends acceptance letter for our terms.
4. The SPA for 50/100kg is forwarded and the buyer signs and sends it back.
5 The buyer issues MT799/LC.
6. On approval of the MT 799/LC by the bank the gold is supplied within 3days to 5 days in MMTC Refinery and refined to 999.99 and sent through bank or Brinks to the buyer's destination.
7. The price is normally fixed at 7% lesser than Mumbai rates and the buyer's side commission will be at 1%.and 1% to Seller side (closed)
8. The pricing is subject to differ depending on the market trends.
If your buyer/buyer's mandate can accept our terms, forward the official LOI from the buyer, so that we can proceed with the business.
loi named end seler/raja ramanathan.
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Deepak Gupta
Coimbatore
+918122025715
[email protected]