Gold Bullion Supply

Product

Newly refined gold bullion bars

Purity

≥99.99%

Bar size

1 kg

Minimum trial

1 metric tonne

Price basis

FOB · LBMA less 9% net to the buyer

Proof of funds

Must exceed one month’s purchase amount

Logistics procedure

Brink’s-to-Brink’s · Korea export procedure

Transaction procedure — non-negotiable

1. The seller sends the buyer an SCO.

2. The buyer sends LOI + KYC + POF for due diligence procedures.

3. The seller sends the NCNDA and SPA including all details of the contract.

4. The buyer must approve the SPA, return the SPA signed with NCNDA, and return it within 3 working days for the seller's signature.

5. Sellers and buyers formalize the SPA contract through the DocuSign electronic system.

6. The seller sends the commercial invoice to the buyer.

7. Within 3 days, the buyer's bank issues a POF of Interest to the seller's bank via MT199, which must be an amount equivalent to the amount of each shipment and the commercial invoice issued by the seller. Once the seller verifies the buyer's proof of funds through the seller's bank, the seller opens the warehouse to the buyer and buyer’s Brinks so that the buyer can verify the quantity of the purchased contracted goods and verify the goods. And Article 8 of this provision must be reasonably implemented simultaneously within one week.

8. Once the seller completes POF verification, they begin preparing the goods, set the inspection location and time, request the buyer to participate in the inspection, and send invitations to the inspection participants requested by the buyer.

9. The buyer will book Brinks Global Service, and the seller will make a reservation with Brinks Korea, and at the designated place and date, the buyer, Brinks, and Brinks Global Korea will jointly inspect the goods at the refinery or warehouse where the gold is stored. Brinks will notify the buyer of the inspection details.

BRINKS GLOBAL KOREA can only handle customs clearance for exports in Korea. Payment for goods is handled by BRINKS, the buyer's country, directly coming to Korea to oversee the inspection and transportation of goods.

Inspection of goods is determined according to the purchase schedule. Inspection means that the entire quantity of the goods must be melted down at a refinery designated by the seller, with a new hallmark and product number engraved and provided. Product inspection can be conducted by both the Brinks Global Korea team designated by the buyer and the Brinks inspection team on the buyer's side (however, those eligible for the inspection process must be notified to the seller before the inspection begins).

If the buyer wants to specify a different delivery service company, they must create a ledger to ship the goods.

10. After inspection is completed, the seller must submit the necessary export documents to the buyer's Brinks Global Service and actively support both Brinks Global Service and Brinks Korea to ensure smooth clearance through export customs.

Once the inspection is conducted, the seller must submit the necessary documents for export of the purchased goods to Brinks Global Services and actively support Brinks Global Services to ensure there are no export customs clearance issues. (Documents must be submitted to national agencies such as the police station, customs office, and National Tax Service to prove that there are no issues with exports and that government approval is required to proceed with export.)

11. If Brinks Global Services and Brinks Korea complete export customs clearance procedures and there are no issues, Brinks Global Services and Brinks Korea will request the seller to deliver the goods, and the seller will arrange delivery on the requested date.

12. Before delivery, Brinks Global Service notifies sellers and buyers that the goods are ready for delivery and notifies the buyer's bank to ensure payment is made to the bank designated by the seller. The buyer completes payment to the seller's bank account via MT103 and pays within one business day.

13. The seller confirms that the product payment has been deposited into the seller's account, sends the product launch certificate to Brinks Global Service, and the product is released immediately.

14. Title transfer and the corresponding title documents must be set out in the executed SPA and aligned with export customs clearance and delivery to Brink’s Global Service.

15. The next shipment will be carried out periodically according to the planned shipping schedule after the buyer receives the first commercial invoice.

Commercial notice

This offer is subject to availability, verification of the seller’s authority and supporting documentation, buyer qualification, and an executed Sale and Purchase Agreement. Pricing is indicative until confirmed in writing. References to Brink’s describe the proposed logistics procedure and do not constitute confirmation or endorsement by Brink’s. The executed agreement governs the transaction.

Contact

Lorii Myers
info@NexusSupplyInternational.com
WhatsApp: +1 416 996 3036