Offering gold bullion (aurum utalium) in bar for sale.

1. Commodity : gold bullion (aurum utalium) in bar form of:
a) weight: 1 kg
b) purity: 999.5%

2. Quantity & location : 28 mt in Bangalore
3. Tranche : minimum 100kgs, max buyer has to decide
4. Hallmark : internationally recognized and accepted
5. Price : mbme
6. Delivery : to any bullion bank in Bangalore.
7. Discounts: five(5)percent net to buyer. 1% percent to buyer intermediaries ( open u & me )
8. payment : ( 2 options ) a) for online payments, buyer should open an bank account in Bangalore bullion bank ( icici) or

b) Only dd's ( demand draft ) is accepted from other banks

> Closing procedures
( table top meeting in ( sellers office ) Bangalore )
buyer to keep all the necessary articles like company letterheads, seal, stamp papers (6nos) taken in Bangalore & get ready.

1. First step, verification of pop against pof along with bullion. License across the table.

2. Buyer to open bullion account in icici ( Bangalore ) for payment transactions in online.

3. Buyer and seller signs sales & purchase contract agreement with ncnda & imfpa, notarize it & endorse it in buyers bank for fee protection.

4. Seller delivers first tranche to buyer.

5. Buyer pays delivered tranche by telegraphic transfer to seller from icici bank or pay in dd ( demand draft ) if buyer want operate from different bank for payments.

6. Seller deliver following tranche of 500kgs or more per week as requested in loi by buyer, for the next twelve (12) months.

7. Buyer pays monthly delivery by telegraphic transfer to seller. Balance of payment will be against bank guarantee. upon maturity of bank guarantee, seller present the bank with invoice to issuing bank for encasement.( this can be discussed in ttm for any changes)