P.O. Box MD 1309 Madina, Accra No 7 Hatso Agbogba Ecomog Rd, Accra, Ghana
Tele/Fax: +233-264-965-054
Mobile/Whatapps:-233-265-767-434
E-mail: samkwatminingco.limited@gmail.com
End Seller: Chief Nana Kojo
Jamie Schizkoske
Head Representative Mandate
Office: coretrade@hotmail.com
Email: jsgoldbars@hotmail.com
Welcome to our Blog.
This gives a buyer a few options on what we can accept to secure the order before we ship at seller's own cost to a buyer's destination.
NOTE: It's never a about any upfront payment. We never ask any upfront payment. A buyer never pays for any gold until AFTER the final assay. In order for us to absorb and pay ALL the shipping cost in CIF to deliver the gold to the buyer destination refinery the seller asks the buyer's bank to give the seller bank a payment guarantee to pay after final assay in the form of either a SBLC, BG, MT760, MT700 ,DLC, Time Draft and Certified Post Dated Cheque.
FCO NOTE: Any buyer that will issue any bank instrument to purchase gold must submit FIRST the verbiage of the bank instrument from his or her bank. The bank instrument verbiage must have the name of the bank on letterhead, signed and stamped by a bank officer. Buyer sends verbiage to seller to show that he or she has the capability to purchase gold on a bank instrument. Once the seller and his bank reviews the verbiage the seller will issue an FCO to the buyer.
LBMA Discounts: We give a 3% Discount off LBMA for orders from 350kg to 1000kg. No LBMA discounts for orders UNDER 100kg. For orders from 1kg to 299kgs we are selling the gold at the Gross Wholesale price to buyers. If buyers want a 3% discount off LBMA the order MUST be 350kg or more.
NEW PAYMENT OPTION FOR SMALL TRIAL ORDERS: Certified Post Dated Bank Cheque: A buyer can issue a (Certified Post Dated Bank Cheque) to seller bank in Dubai. Once cheque is in Dubai beneficiary seller account the seller will send the buyer the gold to buyer refinery. Buyer can purchase from 10kg or more as a trial order. Buyer does the assay testing at buyer refinery then pays seller by wire transfer and cheque is cancelled. The cheque needs to be at least 45 days minimum expiry. Need to be valid to cover duration of shipment and assaying.
The reason for the post dating the cheque which correct term is (Time Draft) is to make sure/guarantee that the cheque will not be presented for collection until after the gold has been delivered and assayed.
Please note that only Banker's cheque are accepted. CORPORATE CHEQUES WILL NOT BE ACCEPTED EXCEPT IT IS FULLY ENDORSED BY THE BUYER BANK.
Min 10kg is $53.000 per kg.
Documents:
Many times we get brokers and mandates that will ask the seller to send very sensitive documents proving the seller's business. Sensitive documents are only given once a buyer signs a contract and has open a SBLC or BG or a Time Draft with the bank. Once they have done that then the seller can send the sensitive documents by Fedex or DHL to the buyer office for proof of the seller gold business.
We give a few options below for buyers to secure the order.
Here you will find all our procedures on how the seller sells his gold.
Carat 23
Origin Ghana
Trail 10kgs -50kgs
Discount 10%
Trail large quantity Shipments 100kgs to 500kgs logistics money 5%
Small Trial Orders: 1kg CIF is $2500usd. 10kg is $25.000usd.
Seller will choose bank account for 1kg. 10kg seller will use company gold account to receive up front payment. Buyer will deduct shipping after final assay and pay seller the rest.
GRAM TRAIL ORDERS
1 gram is $43usd,100 grams is $$4,300usd.
Buyer pays upfront $2300 and after he receives 100 grams he can pay the balance ($2000) to seller account.
Note: Prices will vary depending on quantity purchased.
Trial Orders: Trial orders with Dubai bank can start at min of 50kg and up.
Buyer can issue a SBLC,BG,Time Draft or Certified bank cheque from any Top Prime Bank they work with.
Commission Structure: $1000 per kg to agent on sell side.
We can afford to be pay one agent on the sell side that will represent a seller. Buyer is responsible to pay their own mandates and buyer agents on buy side if any.
Check London and New York price today for 22 carat.
Seller’s Discount From 350kg or more: We give discount according to London market price and is always in the favor of the buyer.
These discounts only apply from 350kg to 1000kg orders.
We always work from the market price to whatever the price is on the market at contract time.
Prime Banks:
The seller works with any top 50 Primes banks.
Click Here Top 50 Prime Banks
Sample Verbiage:
We ask buyers to send us a sample bank instrument verbiage from their bank to get approved with our financier bank.
Serious buyers will tell us, I'm going bank to get you a sample verbiage for your financier bank account officer to study.
Some buyers will call their bank account officer and ask them to send them the verbiage by email. It's all FREE to get from buyer bank. Real buyers that have the money have no problem getting us the verbiage we ask for.
Certified Bank Draft Cheques and SKRs:
The Dubai bank will accept Certified Bank Draft Cheque for orders from 10kg to 1000kg. Buyer sends seller a endorsed post dated bank check to hold as collateral. Seller will send beneficiary name to add to the cheque and is deposited into Seller's Financier account to hold as collateral up to 45 to 50 days.
Then once confirmed then the seller will send the gold at his own cost to buyer refinery and buyer will have it within 14 days delivery. After final assay then buyer pays the seller account.
The seller can also send SKRs first to a buyer that is able to give a post-dated Certified Bank Draft Cheque from the buyer bank as well.
2%Penalty For Delay Delivery:
We Accept Escrow Joint Accounts In South Africa and Uganda Bank:
50kg to 100kg Minimum Order:
Buyer comes to SA or Uganda and opens a joint escrow account with seller financier with SA or Uganda Bank.
Buyer puts the money in account for the value of 50 or 100kg or more to secure the order. Then AFTER the final assay report then buyer take pays the seller's account and claims ownership of the gold. Deal done.
Buyer Pays Shipping Cost/Buyer Deducts Shipping Cost:
Buyer pays shipper in Ghana and seller will ship to buyer’s
destination refinery. This is like a door to door delivery.
Buyer pays 8% of the value of the gold per kg shipping cost to seller shipper to ship to buyer refinery by UPS, Emirates Skycargo or DHL Ghana or by M&C Group. Min orders can be from 1kg to any amount.
Example Only: 1kg at $48.000 per kg = $48.000 / 8% = $3840 that the buyer will have to pay the shipping company in order for the shipper to ship 1kg to the buyer refinery.
After the final assay report at buyer refinery the buyer
will deduct shipping cost of the gold that he paid to the shipper company in Ghana and pay the seller the remaining balance of the gold direct to seller bank account in Ghana.
GOLD EXPORT CHARGES
Total Export Percentage: 4.8%
Withholding Tax: 1.5%
PMMC levy: 0.25%
Minerals Com. 0.20%
Insurance: 1%
Agent Fee. 1%
Handling & Miscellaneous: 0.85%
CLICK HERE: COMPANIES LICENSED TO PURCHASE AND EXPORT GOLD
We use one of these mail shipping companies to ship the gold to the buyer refinery. We use these shipping companies for small orders from 100 grams to 1kg. Larger orders can be sent by M & C Group through their export freight forwarding department.
Authorised Service Contractor for UPS
Post Office Box CT 693
Cantonments
Osu / Accra, Ghana
Tel.: +233-302-762509
Tel.: +233-302-762510
Fax: +233-302-772487
Email: ghcutomerservice@ups.com
Company: Integrated Air Services
Gold Trading And Exporting & Freight Forwarding
TEL: +233 30 299 8246 | +233 31 229 7926
MOB: +233 24 472 7861 | 24 407 6281
Click Here M & C Group Export License
Cost Sharing:
A buyer can come to Ghana by invitation letter to see the seller.
Buyer cannot be already in Ghana or a citizen of Ghana.
He must be invited by the company.
There the buyer can see the gold and seller and all documents
If buyer wants gold at his refinery then the seller and buyer share
with the shipping charges and the seller will send his son or daughter to accompany the gold to the buyer refinery.
FOB Procedures:
Buyer comes to Ghana
Buy gold Dore bars in 5kg/ 10kg /20kg/ 30kg /40kg/ 50kg up to 100kg.
Price: $53.000/kg
For all FOB orders from 5kg up to 100kg are Cash and Carry
1.Buyer sends a copy of his passport and his flight schedule to seller.
2.Seller sends invitation letter to invite buyer to see him and the gold.
3.Buyer and seller signs contract face to face at seller company.
4.Seller and buyer moves the gold to the refinery there in Accra of
buyer’s choice for assay testing with buyer.
5.Buyer and seller are present to witness final assay.
6.After assay buyer pays seller for gold by wire transfer.
7.Then buyer takes gold back to his country.
8.Deal done.
ADDED NOTE: Buyer pays all security charges and transport cost to move the gold to refinery. Buyer will deduct all shipping cost after final assay report and pay seller the remaining balance.
IMPORTANT NOTE: The buyer CANNOT be already in Ghana or a citizen of Ghana. They have to be invited by invitation letter to come to Ghana to see the seller. Company and family policy.
Number 1 and 2 steps is the most important for the buyer to do.
Contract is signed face to face in Ghana at seller's company.
Accepted Refineries:
Sahara Royal Gold Refinery
A.A MINERALS
PMMC
Bullion City Refinery
Italtec Refinery
M & C Group - Refinery and Gold Export
Signed Verbiage From Buyer's Bank VS POP:
If a buyer wants POP he will have to go to his Prime Bank and have them sign and stamp the Bank Instrument Verbiage Form with bank letterhead and submit it to the seller. Once confirmed that the buyer has the money and is able to pay AFTER final assay the seller will send POP bank to bank.
(MT799 are NOT accepted at this time until seller finds a bank that will accept MT799s..Sorry)
There are buyers that do not want to pay for shipping cost to have
gold shipped to them.
The seller will put 10kg up for collateral in the buyer's name and in
the seller's name with an agreement between them with a security company government licensed or a bank there in Ghana.
The buyer or the receiver of the gold who want to be assured
that the seller has gold, seller is willing and able to give collateral
of 10kgs gold and the collateral can be deposited in the bank or well known security company with government LICENSE as said.
On NO ACCOUNTS Seller or buyer has access to the bank or security company where the collateral 10KG is deposited to take out any gold without the full authority of Party A or Party B.
When the buyer pays for the export cost the seller releases the gold to the buyer destination as per the agreement that was made between them.
If the seller does not release the gold to the buyer after he paid the
export cost the buyer has the right to the gold and the gold is release to him as stipulated in the agreement.
This helps buyers have confidence and trust that the seller has
gold and also will prove that the buyer has money to buy the gold from the seller.
10kg Collateral FOB:
Buyer must come to Ghana for all FOB orders by invitation letter.
Head Mandate Contact:
Jamie Schizkoske
Head Representative Mandate
Office: coretrade@hotmail.com
Email: jsgoldbars@hotmail.com
