Description
1. Commodity:
Gold Bullion in Bar Form
a. Weight: *2.5 kg (GLD
specification)
b. Purity:
**9.5/***0 or better
2. Quantity:
**0 to ***0 Metric Tonnes (either UK, HK or Dubai)
3. Price:
Second Fix on the day of Closing of the
announced price for gold bullion per troy ounce by the LBMA.
4. Payment:
At closing in [currency] free and clear and of
non-
criminal origin
5. Hallmark:
Internationally accepted hallmarks
6. Discount:
*Select discount/location shown at top of page
X percent (X%) gross
X percent (X%) net to Buyer
7. Professional
One percent (1%) to Seller’s Side (closed)
Fees:
One percent (1%) to Buyer’s Side
(open)
8. Documents:
All documents shall comply with GLD Standard
Specifications for gold bullion, and the following documents shall
be transferred to Buyer at Closing upon Seller’s full receipt of
the purchase price:
a. Bullion
Certificate
b. Certificate of
Ownership
c. Certificate of
Origin
d. Certificate of
Assay
e. Tally Sheet per
Certificate
f. Warehouse Receipt
g. Certificate of
Insurance Coverage
h. Yearly Bank
Statement
9. Delivery of Title: Delivery of title to
the commodity shall be free of any lien, mortgage, or any
encumbrance of any nature
