PRIVATE SALE AND PURCHASE
AGREEMENT FOR
GOLD BARS
BETWEEN
____________________________
____________________________
____________________________
____________________________
Represented by: _______________ (Director)
Here in after referred as the “Seller”
AND
JONRO GLOBAL TRADING L.L.C.
Office No. MF 18, Al Suaidi Building, Al Mararr, Dubai UAE
Represented by: PEDRO COBOS GARCIA (CEO & OWNER)
Here in after referred as the “Buyer”
Seller’s initial Buyer’s initial 1
CLEAR TITLE:
Seller confirms and warrants that the title of the gold to be sold herein
will be free and clear of any and all liens and encumbrances and Seller
states that the gold is not of terrorist and /or criminal origin.
WHEREAS: Seller has available for sale of Gold Bars, hereinafter
collectively referred to as “Gold Bars”.
WHEREAS THE SELLER warrants that he has access to and can cause
the delivery of the Gold Bars to the Buyer in the manner hereinafter
stated.
Whereas, the Seller is desirous of selling the Gold Bars to the Buyer
and the Buyer is ready to pay the Seller in the manner hereinafter
stated.
Now therefore: All Parties agree to the Terms and Conditions as follows:
COMMODITY SPECIFICATIONS:
COMMODITY: Gold Bars
ORIGIN:
QUANTITY: TRIAL SHIPMENT OF 300 KG
PURITY: 97.8%
PRICE: US$ LME minus 7/3% per Kilo (CIF)
Duration: 12 months with rolls and extensions
FULL PAYMENT: 100 % Wire Transfer – after refining at buyer’s refinery
PACKING: Sealed Metal Export Package Box
DESTINATION ADDRESS:
Delivery to: CIF UAE, DUBAI
PAYMENT TERMS: SEE BELOW: Final payment for the Gold Bars shall
be made by Wire Transfer from the Buyer’s REFINERY’S BANK
ACCOUNT to the SELLER’S DESIGNATED BANK, within 3 days after
receipt of final assay report from the refinery. The particular bank
account that the refinery will use to wire out the money to the Seller
will depend on which account will be available the day after final assay.
Seller’s initial Buyer’s initial 2
PROCEDURE:
1. Seller signs this Agreement and e-mails it to the Buyer for his
signature. Buyer returns signed Agreement to the Seller via e-mail.
2. Seller will facilitate the airfare, and accommodation costs for the
Seller Representative.
4. The Seller will provide all documentation listed under the
“Document” section of this contract to the Buyer before departure to
the buyer’s refinery.
5. The goods will arrive at final destination where the Buyer will
pre-clear the goods and pay all import taxes, assaying the gold and
handling the gold at final destination.
7. Assay will be conducted at Buyer’s Refinery.
8. Payment by the Buyer shall be initiated to the Seller’s designated
Bank within 72 hours after receipt of final assay report from the
refinery and both Buyer and Seller will accept its value.
DOCUMENTS:
1. Commercial invoices (4 copies).
2. Export permit
3. Certificate of origin.
4. Valuation Report
5. Airway bill.
6. Customs Release Order/CE 20
Declaration by the Seller stating that all the duties, charges and taxes
or levies to the relevant authorities in the country of origin have been
taken care of and that the gold are free from any liens, taxes,
encumbrances or mortgages at delivery.
7. Government receipts.
8. Insurance on the consignment.
9. Packing list
10. UN certificate stating that gold is not from conflict zone and are free from
any criminal activity and woman and child labor.
The shipment and delivery shall be identified with all assigned contract
reference codes and numbers. Seller to provide all shipping documents
to Buyer prior to arrival of the gold:
Seller’s initial Buyer’s initial 3
TITLE OF GOODS:
The Title of the Gold shall be in the buyer’s name after full payment.
WARRANTIES:
a) The Seller agrees to accept the final assay report from the Buyer’s
designated refinery, accepting payment of each shipment after final
assay of the gold.
NON-CIRCUMVENTION and NON-DISCLOSURE:
Buyer and Seller and Carrier acknowledge that the harm to the other
party would be substantial and therefore the Seller and Buyer agree to
abide by the Customary International rules of non-circumvention and
non-disclosure as established by the International Chamber of
Commerce in Paris, France for a period of five (5) years from the date
hereof. Said Non-circumvention and non-disclosure shall include, but
not be limited to communicating with each other’s banks, refiners,
representatives of Buyer dealing with Customs, brokers or Seller’s
mandate. The understanding and accord of this subparagraph will
survive the termination of this Agreement.
TERMS:
The terms of this Agreement shall be Confirmed and signed by the
Buyer and the Seller and carrier via facsimile or Email. Said executed
facsimile or email shall be binding and initiates and concludes the legal
liabilities between Buyer and Seller of this Agreement. By signing
below, all parties abide by their corporate and legal responsibility, and
execute this Agreement under full penalty of perjury. Any dispute or
disagreement of any kind between the signatories to this agreement
shall be resolved by binding arbitration in accordance with the laws of
UAE and the arbitration tribunal shall consist of three (3) arbitrators
chosen by the parties from a slate of eight (8) proposed arbitrators
provided.
Seller’s initial Buyer’s initial 4
FORCE MAJEURE:
The parties hereto shall not be held liable for any failure to perform
under the “Force Majeure” clause as regulated by the International
Chamber of Commerce, Paris – France which clauses are deemed to be
incorporated herein.
SELLER’S INFORMATION:
SELLER’S BANK COORDINATES: TBA
Account Name: XXXXXXXXXXXXXXXX
Account Number: XXXXXXXXXXXXX
Bank Address: XXXXXXXXXXXXXX
Swift Code: XXXXXXXX
Branch Code: XXXXXXXXXXXXXXX
BUYER’S INFORMATION:
BUYER'S BANK COORDINATES: JONRO GLOBAL TRADING L.L.C.
Bank name: BANK OF BARODA
Account Number: 90030200020370
IBAN: AE220110090030200020370
Bank Address: Baniyas Road, Deira, Dubai, U.A.E.
Swift Code: BARBAEADDEI
BUYER’S CONSIGNEE DETAILS:
COMPANY NAME JONRO GLOBAL TRADING L.L.C.
COMPANY ADDRESS Office No. MF 18, Al Suaidi Building, Al Mararr, Dubai
UAE
LICENSE # 723672
IMPORT CODE R7220
CUSTOMS CODE AE-1135877
VAT # 10037718300003
MR. PEDRO COBOS GARCIA
CONTACT/ PHONE/ EMAIL Pedro@bullionglobaluae.com
goldbarsluxuryceo@icloud.com
Seller’s initial Buyer’s initial 5
SIGNATURE PAGE
EXECUTION OF AGREEMENT:
This agreement may be executed in any number of counterparts, and
by the parties on separate counterparts, each of which so executed
and delivered will be an original, but all the counterparts will together
constitute one and same agreement. The parties agree that all
signatures to this contract are deemed original when transmitted
electronically and the contract are deemed original copy when
transmitted electronically via e-mail.
For and On behalf of Seller:
_________________________________
Authorized Signature
Company Seal:
For and behalf of Buyer:
JONRO GLOBAL TRADING L.L.C.
Date: 9th December, 2024
Seller’s initial Buyer’s initial 6
SPECIFICATIONS
97+% purity Gold Bars
Net weight per p a c k a g e or b o x : 20 K G S
Gross weight of each package: ____KGS approx.
Gold: CHEMICAL ANALYSIS
Gold Bars: 97.8%+ basis,
Rejection: below 96% Other Elements
Radioactivity:0
APPENDIX 2
DELIVERY SCHEDULE
Lots Quantity in KGS Month and Year
Trial 300 KGS 2024
PASSPORT COPIES:
Seller’s initial Buyer’s initial 7
