GOLD BARS SUPPLY UNDER CIF TERMS

Full corporate power and unwavering integrity

GOLD INVESTMENT COMPANY SL LIMITED, a premier gold exporting company licensed under the laws of the Republic of Sierra Leone, proudly issues this formal offer to qualified and serious international buyers...

We are represented by our Chief Executive Officer and Authorized Exporter and hereby irrevocably affirm, under full legal and corporate responsibility, our readiness, willingness, and ability to engage in a binding contract for the initial sale of Fifty (50) Kilograms of Alluvial Gold Bars...

This commitment is made in accordance with all applicable export laws and regulatory frameworks, including the Mines and Minerals Development Act, 2023, and is issued under penalty of perjury, as a reflection of our company's integrity, capability, and proven operational excellence in the global gold trading industry...

All transactions shall strictly follow the attached working procedures, payment terms, and government-approved fee structures, ensuring transparency, security, and full compliance at every stage of the process...

COMMODITY SPECIFICATIONS ~ ALLUVIAL (AU)

GOLDEN BAR ITEM DETAILS

Commodity: Alluvial (AU) ~ Gold

Gold Form: Golden Dore Bars

Bar Size: 1 Kilogram per Bar

Purity (Average): 96% ~ 97%

Fineness: 22k and 23 plus karats

Country of Origin: Republic of Sierra Leone

Packaging: Secure Export Metal Boxes or Suitable International Shipping Containers

Delivery Terms: CIF (Cost, Insurance, and Freight) to Buyer's Designated International Port Destination... As per Buyer’s Instruction (Global Delivery Available)

QUANTITY COMMITMENT

Under the terms of this agreement, the Buyer agrees to purchase a total of 50 kilograms of Alluvial Gold Bars on an initial spot transaction basis, followed by a monthly supply of 100 Kilograms for twelve months...

PRICING STRUCTURE

The unit price for the gold bars shall be fixed at -15% OFF LBMA per kilogram, based on gross weight, as determined by the assay certificate issued at the point of origin or destination, as mutually agreed by both parties...

All prices are net CIF and inclusive of; Export duties and government taxes...

Logistics and freight from the country of origin to the buyer’s designated destination Transit insurance... the final settlement amount shall be adjusted to reflect... actual purity level as stated in the final assay certificate...

Deductions for prior payments and exportation fees incurred, where applicable...

CIF WORKING PROCEDURES FOR GOLD TRADING

In Accordance with the Mines and Minerals Development Act 2023 (Sierra Leone)

CIF GOLD TRANSACTION PROCEDURES

The buyer and seller shall sign the Sales/Purchase Agreement after agreeing to the procedure, term and conditions...

The Buyer or the Buyer’s Authorized Representative shall physically meet the Seller (GOLD INVESTMENT COMPANY SL LTD or its authorized team) in Freetown, Sierra Leone... At this stage, the buyer will be given access to inspect and verify the physical quantity and quality of the gold at the seller’s designated secure location or vault...

The buyer may decide not to visit product origin (Sierra Leone) to inspect the goods at the seller’s facility... both parties will mutually agree on how the transaction will be conducted...

The seller shall provide the agreed quantity of gold for full visual and preliminary assay inspection... The buyer is allowed to perform or commission an independent purity and weight verification to ensure confidence in the commodity...

Upon satisfactory inspection and verification, the Seller/Exporter shall issue a Pro Forma Invoice reflecting the full value of the gold shipment... The Buyer shall be required to make a 2.5% CIF (Cost, Insurance and Freight) down payment as a security deposit for transportation...

The seller’s/exporter’s nominated bank shall confirm receipt of the 7.5% deposit... In the event of cash payment, an official cash receipt and letter of acknowledgment shall be issued by GOLD INVESTMENT COMPANY SL LIMITED...

Upon payment confirmation, the seller/exporter will immediately initiate the logistics and compliance procedures for export, including assay certification, export permits, and booking shipment...

After successful shipment and arrival of goods at the buyer’s designated destination, the buyer shall proceed with the second payment (agreed payment of the gold after deduction of the taxes) of the total gold value, and the remaining balance within three (3) working days following the issuance of the final assay report...

PAYMENT TERMS AND MODE

The Seller agrees to make a 5% down payment to the Seller/Exporter via bank transfer or cash, upon issuance of a Pro Forma Invoice... This payment covers initial export costs...

The Buyer shall bear the cost of freight and insurance 2.5% from the country of origin under CIF terms...

Upon delivery confirmation and final assay at the destination, the Buyer shall settle the remaining agreed payment balance...

All advance fees and export-related expenses will be deducted from the final balance payable...

GOLD EXPORTING PROCEDURES AND FEE STRUCTURE

This document outlines the standard procedures, applicable taxes, and mandatory fees associated with the legal exportation of gold from Sierra Leone... These procedures are based on current government export regulations, NMA compliance requirements, and international trading standards...

ASSAY CERTIFICATE REQUIREMENTS

The gold shall be tested by a government-accredited refinery, and a Final Assay Certificate will be issued... This confirms the purity, weight, and quality of the gold bars and serves as the official document for customs clearance and payment reference...

GOVERNMENT EXPORT TAXES AND REGULATORY FEES

FEE DESCRIPTION APPLICABLE RATE

The Sierra Leone Government Export Taxes 1.00%

Consolidation and Administrative Revenue 1.00%

Export License Holder Services & Support 2.00% 

National Revenue Authority and Customs 1.00%

The Total Government - Related Fees is 5.00%

ADDITIONAL FEE RATES

Additional Procedural and Logistics Charges

Premium Cargo Handling (Insurance & Freight) 2.5%

FINAL PAYMENT AND DEDUCTIONS

The Seller shall remit a 5% down payment based on government-issued export valuation via bank transfer or cash...

Although CIF terms apply, the Buyer shall directly fund the freight and insurance costs...

Upon export and arrival at the destination, the gold is re-assayed, and the remaining agreed payment (%) is paid...

All advance payments and export expenses are deducted from the final invoice...

PAYMENT TERMS AND MODE

To ensure a transparent, secure, and legally compliant transaction process under CIF (Cost, Insurance & Freight) terms, the following Payment Mode shall be strictly observed...

INITIAL DOWN PAYMENT (Pre-Export)

The Seller agrees to make a 5% down payment to the Seller/Exporter via bank transfer or cash payment, upon issuance of a Pro Forma Invoice...

This payment shall be utilized by the Seller/Exporter to facilitate all necessary procedures related to export, including but not limited to:

Government royalties and taxes

Export licensing and circulation permits

Custom duties and clearance

Administrative fees

In addition, the Buyer shall bear the cost of freight and insurance from the country of origin to the final destination under CIF terms... These costs shall either be prepaid by the buyer or included in the down payment, as mutually agreed – the cost for the freight and insurance is 2.5%...

FINAL PAYMENT (Post-Export)

Upon successful exportation of the goods

Confirmation of delivery to the buyer’s specified destination, and Final assay verification at the destination by the buyer's appointed refinery or inspection agent...

The Buyer shall immediately proceed to settle the remaining balance (agreed payment) of the full value of the gold...

ADJUSTMENTS AND DEDUCTIONS

All advance fees and export-related expenses covered by the buyer (including the 7.5% deposit, freight charges, insurance premiums, and administrative costs) shall be fully deducted from the final balance payable...

A comprehensive breakdown of all deductions and associated costs will be presented to the buyer for full reconciliation at the point of final payment...

CIF (Cost, Insurance & Freight) Transaction Protocol for Gold Purchase and Exportation:

GOLD INVESTMENT COMPANY SL LIMITED, a registered and licensed precious minerals exporter in Sierra Leone, hereby outlines its standardized CIF Working Procedures for international buyers seeking to engage in gold transactions with full legal compliance and operational transparency...

This document serves to assure all interested buyers of our commitment to integrity, efficiency, and professionalism in gold exportation under CIF terms...

CIF GOLD TRANSACTION PROCEDURES

ON-SITE MEETING AND INITIAL INSPECTION

The Buyer or the Buyer’s Authorized Representative shall physically meet the Seller (GOLD INVESTMENT COMPANY SL LTD or its authorized team) in Freetown, Sierra Leone...

At this stage, the buyer will be given access to inspect and verify the physical quantity and quality of the gold at the seller’s designated secure location or vault...

VERIFICATION OF GOLD QUANTITY AND QUALITY

The seller shall provide the agreed quantity of gold for full visual and preliminary assay inspection. The buyer is allowed to perform or commission an independent purity and weight verification to ensure confidence in the commodity....

Issuance of Pro Forma Invoice and 5% Down Payment... Upon satisfactory inspection and verification, the Seller/Exporter shall issue a Pro Forma Invoice reflecting the full value of the gold shipment....

The Seller shall be required to make a 5% down payment as a security deposit... This payment will be applied towards: Government taxes and royalties Export license activation and circulation permit Customs clearance Insurance cover for CIF delivery...

CONFIRMATION OF INITIAL PAYMENT

The seller’s/exporter’s nominated bank shall confirm receipt of the 7.5% deposit... In the event of cash payment, an official cash receipt and acknowledgment letter shall be issued by GOLD INVESTMENT SL LTD...

COMMENCEMENT OF EXPORT PROCESS

Upon payment confirmation, the seller/exporter will immediately initiate the logistics and compliance procedures for export, which include: Final Assay Certificate from Government-Accredited Laboratory Issuance of Certificate of Origin and Ownership Customs Declaration and Approval Cargo booking and export insurance... Delivery to the specified airport for airfreight shipment to the buyer’s destination...

POST-EXPORT PAYMENT PROCEDURE

After successful shipment and arrival of goods at the buyer’s designated destination, the buyer shall proceed with: Second Payment of the total gold value, made upon delivery confirmation at the international destination...

Final Payment shall be made within three (3) working days following the issuance of the Final Assay Report from the buyer’s chosen refinery or inspection agency at destination...

IMPORTANT NOTES

All transactions are conducted in accordance with international trade laws, Sierra Leone’s Mines and Minerals Development Act, 2023, and the regulations of the National Minerals Agency (NMA)...

GOLD INVESTMENT COMPANY SL LIMITED shall remain responsible for all legal export documentation, logistics, and risk management until delivery under CIF terms...

The Buyer retains full right to appoint independent inspectors, legal observers, or logistics partners for additional transparency and oversight...

POST-EXPORT DOCUMENTATION AND LEGAL COMPLIANCE

Upon successful completion of the export process and once the gold consignment is legally cleared and approved for international shipment, GOLD INVESTMENT COMPANY SL LIMITED shall provide the Buyer with the full set of mandatory export documents, issued in accordance with the statutory laws of the Republic of Sierra Leone...

The following original documents will be submitted to the buyer for verification, customs clearance, and financial settlement at the destination...

EXPORT DOCUMENTATION PACKAGE

Original Commercial Invoice Issued in favor of the buyer, indicating the total value, quantity, and purity of the gold consignment...

Certificate of Origin and Ownership Certifying the origin of the gold as Sierra Leone and confirming the rightful ownership by the seller...

Assay Report Issued by the Geological Survey Department or the Precious Minerals Trading (PMT) Unit, certifying the purity and fineness of the gold bars...

Gold Evaluation and Export Form Documenting government-approved valuation for export purposes in line with financial and trade regulations...

Customs Clearance Certificate Issued by the National Revenue Authority (NRA) and the Customs Division, authorizing legal export...

Export Permit Granted by the Ministry of Mines and Mineral Resources, confirming the legal approval of the gold shipment...

Regulatory Compliance All transactions and exports facilitated by GOLD INVESTMENT COMPANY SL LIMITED shall be conducted in strict compliance with the rules and operational guidelines of the National Minerals Agency (NMA) of Sierra Leone...

The NMA, as the statutory authority established by the Government of Sierra Leone, is mandated to regulate, monitor, and supervise all trade and export activities concerning precious minerals, including gold, ensuring transparency, legitimacy, and the prevention of illicit mineral flows...

DOCUMENT REQUIREMENTS FOR SALE TRANSACTIONS

Each sales transaction must include the relevant contract reference codes for clear identification... The seller must provide the following documents to the buyer...

Company Registration and Incorporation Documents: Official documentation proving the legal registration and incorporation of the company...

Passport Copy: A valid, government-issued passport copy of the seller or the authorized representative...

Export License Copy or License Code: A copy of the official export license or a valid export license code authorizing the sale and export of goods...

Bank Details: Complete the seller's bank information for payment processing, including account number, bank name, and SWIFT/BIC code...

Mining License Copy: A certified copy of the mining license authorizing the seller's mining operations and activities...

PROCEDURE: (IN TIME SEQUENCE)

FIRST (1ST) STEP INTERCHANGE OF FCO, PLUS DRAFT CONTRACT...

SECOND (2ND) STEP: OPTIONS FOR THE SIGNATURE OF THE CONTRACT TO BE SENT VIA EMAIL...

GOVERNMENT WORKING PROCEDURES

According to the rules and regulations outlined in the Mines and Minerals Development Act 2023, the export of gold from Sierra Leone is subject to specific government procedures... The seller is responsible for paying export duties and a 5% government tax based on the London Bullion Market Association (LBMA) price, which is the government-established price for taxation purposes, not the selling price... Additionally, payments must be made through the exporting company or with a self-export license, as the government does not accept letters of credit or any bank instruments for these transactions...

GOLD DEFINITIONS

In this Agreement, each of the following words and expressions shall have the meanings ascribed to them in accordance with the Mines and Minerals Development Act 2022/2023 and the National Minerals Agency gold export procedures:

1. ASSAYER: The laboratory designated by the refinery at the buyer's destination or appointed consignee responsible for conducting assays of the gold...

2. ASSAY CERTIFICATE: A formal document issued by the assayer detailing the assay results, verifying that each shipment of gold meets the specified standards, including purity levels... The certificate shall also confirm that the net weight of the raw material conforms to the limits outlined in the Accepted Weight Deviation...

3. ACCEPTED NET WEIGHT DEVIATION: Refers to the permissible variance between the net weight stated in the specifications and the actual net weight of the raw material delivered at the designated location, as defined in the specifications of this Agreement...

4. APPLICABLE LAWS: This encompasses all relevant laws, regulations, and regulatory requirements that are in effect in any jurisdiction, as may be amended from time to time...

5. BUSINESS DAY: Any day other than Saturday, Sunday, or a public holiday, during which trading banks are open for business in the Import or Export Country...

6. CERTIFICATE OF ORIGIN: A document issued by the NMA Laboratory, confirming the country of origin for the mined raw material...

7. EXPORT COUNTRY: The Republic of Sierra Leone, from which the seller will export the raw materials...

8. FINAL PAYMENT: The payment is due based on the final price of the raw materials as specified in this Agreement...

9. FINAL PLACE OF DESTINATION: The designated customs-free zone in the Import Country where the raw materials are to be delivered, as specified in this Agreement...

10. FINAL PRICE: The price for each batch of raw materials as indicated in the appendices of this Agreement...

11. GOLD: Refers to the element gold, chemically represented as Aurum (“AU”)...

12. GOLD BARS: Bars produced from the refining of raw materials by the refinery...

13. GOVERNMENTAL AUTHORITIES: Any ministry, regulatory body, or authority, including local or municipal divisions, or any quasi-governmental agency owned or controlled by the government of either the Import or Export Country...

14. IMPORT COUNTRY: Any country where the raw materials are delivered...

15. INCOTERMS 2020: The international rules governing the interpretation of commonly used trade terms in international trade, as published by the International Chamber of Commerce in 2020...

16. KG: Abbreviation for Kilogram, equivalent to 1,000 grams or 32.15 troy ounces...

17. LME: Refers to the London Metal Exchange, incorporated in England and Wales...

18. LBMA: Refers to the London Bullion Market Association...

19. NET WEIGHT CERTIFICATE: A report issued by the assayer confirming the chemical net weight of a specific shipment of raw materials... The assayer and refinery are designated by the buyer and accepted by the seller to issue this certificate for the purposes defined in this Agreement...

20. OUNCE (Oz): Refers to troy ounce (XAU), equal to 31.1034768 grams, or 1 kilogram equals 32.1507466 troy ounces...

21. PRO FORMA INVOICE: An invoice issued prior to shipping the commodity, detailing a preliminary price, necessary for customs and refinery formalities...

22. PURITY: The percentage of gold concentration (AU) in the raw materials...

23. PURITY RECONCILIATION: The difference between the pure gold content of 99.99% and the purity verified by the assay certificate or NMA Laboratory report when the declared fineness is below 99.99%...

24. PLACE OF DESTINATION: Any international airport customs zone designated for the delivery of raw materials as outlined in this Agreement...

25. RAW MATERIALS: Gold-bearing materials in the form of Gold Dore bars...

26. REFINE OR REFINING: The process of purifying raw materials to achieve a minimum purity level of 99.95%...

27. N.M.A. LABORATORY: The National Minerals Agency laboratory is located in the Republic of Sierra Leone...

28. N.M.A. ASSAY CERTIFICATE: An official document issued by the N.M.A. laboratory verifying that each shipment of raw materials conforms to the specifications, including purity, and confirming the net weight adheres to the Accepted Weight Deviation...

29. N.M.A. ACCEPTANCE RULES: The guidelines established by the N.M.A. that are binding upon the parties involved...

30. SPECIFICATIONS: Detailed criteria regarding the raw materials, including aspects such as quantity, quality, and packaging...

31. TAX or TAXES: All forms of levies, including income, property, sales, and customs duties, as well as any related charges imposed by tax authorities...

32. US DOLLARS: The lawful currency of the United States of America...

NOTE: The parties mentioned above intend to engage in transactions involving gold bars for their mutual benefit... They also recognize the contributions of those involved in facilitating this transaction... To avoid miscommunications or misunderstandings with intermediaries, the parties desire to conduct their dealings with each other more streamlined and efficiently, while also acknowledging the input received... This agreement will define the essential terms, conditions, and mutual covenants under which they wish to proceed with this purchase contract... The parties hereby agree to the above terms...

THE BUYER'S NEXT STEP

Kindest Regards - God Bless You!

HRH Duke Daniel Gold Facilitator

WhatsApp No. +1 214 779 4035