Your price per kilogram (must be below LBMA standard)
Supporting documents: Export permits, certificates of purity, proof of origin
Contact initiation: Once you provide this information, I will connect you with one of my buyers in Dubai.
Online or in-person meeting: A meeting will be arranged between the buyer and seller to negotiate the final price, quantity, and delivery details. This meeting can take place either online (TTM – Table Talk Meeting) or in person.
2. Trial Delivery
Arrange the trial delivery: The buyer usually accepts a trial delivery to check the purity and quality of the gold. The trial shipment is delivered to the buyer's refinery in Dubai.
Shipping the trial: The seller is responsible for organizing and paying the shipping costs for the trial delivery to Dubai (via air cargo or hand carriage). For larger quantities, the buyer may offer Transguard services for the transport of the gold to the refinery and may cover these costs.
Required documents:
Airway bill
Gold invoice
Passport copy (for hand carriage)
3. Assay and Payment
Assay of the gold: Once the gold arrives at the refinery, it is tested for purity and quality.
Payment: The buyer pays 95% of the gold value per kilogram in cash or via bank transfer immediately after receiving the gold. Once the assay is completed, the buyer pays the remaining amount either in cash, via bank transfer, or in cryptocurrency.
4. Long-term Contract and Performance Bond
Contract signing: Once the trial delivery is successfully completed, a long-term contract between the buyer and seller is signed.
Performance Bond: Optionally, a Performance Bond of 2-5% of the deal's value can be agreed upon to protect both parties. The bond is issued by a bank or insurance company and protects the seller in case the buyer fails to make payments. If the buyer does not purchase the gold, the bond is paid to the seller.
5. Long-term Deliveries
Regular shipments: After a successful trial delivery, regular monthly shipments can be arranged. The specific quantities and delivery schedules will be outlined in the contract.
Flexible payment options: The buyer offers various payment options, including AED cash payments, bank transfers, and cryptocurrency.
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