Sale And Purchase Agreement Gold

13.2 Disputes arising from this agreement or an agreement reached as a result of this agreement are settled by arbitration. The seat of the Arbitral Tribunal is subject to the conciliation and conciliation rule of the International Chamber of Commerce Court of Arbitration, and the English language is the language of contract and procedure. The jurisdiction and jurisdiction are in London, United Kingdom. means the second fixing, following which the price of gold on the gold market is set at 3:00 P.M, Local Time of London, in accordance with the rules of the London Bullion Market Association (LBMA); it is the Dubai Good Delivery Standard which was developed in 2005 by DMCC as an international benchmark for quality and technical specifications for the production of gold and silver for the DGCX. The objective of the standard is to build confidence in the sector, create opportunities for trade finance activities and ensure technical robustness, in line with world-renowned best practices. The DGD standard for DGCX imposes 1 kg of gold lignite of 99.5% purity or better and standard silver lignures of 900-110 ounces for a purity of at least 99.9%. This standard continues to be consistent with DMCC`s practical guidelines for responsible procurement equipment and the Liability Sourcing Protocol in the United States. Refinery goldfish with only the DGD standard are acceptable to UAE banks.; refers to any refinery designated by the buyer and licensed by the government authorities of the importing country (control and/or examination and/or refining and processing of gold lingos into 999.9% purity refined gold) and imports either a member of the London Bullion Market Association (LBMA) or a registered and recognized subsidiary of the London Bullion Market Association (LBMA) on the country of import list or a “Good Delivery” (DG) on the importing country`s list; refers to a buyer-designated company that inserts gold into bullion at a weight determined by the buyer; original certificate for each refinery or bank bar with the serial number, weight and finesse of the gold; 4.1 The sale price of each delivery of gold lezons is set according to the method (the “price”) described in Appendix B. The parties expressly and unreservedly accept that the price and method used in determining the price are reasonable and reasonable, in accordance with the trade agreement and the agreement of the contracting parties and, in any event, refrain from any right to challenge. 8.1-2 If the sale of the first shipment of goldignwaters took place in accordance with the terms of this Agreement, the seller delivers shipments in accordance with the delivery plan indicated by the Seller in Appendix A. 12.1-3, the gold line for sale may be transferred without restriction by the Seller to third parties worldwide, within the framework of the law for countries and third parties under penalty punishable. 4.2 The seller acknowledges that the buyer was presented to Mr XXX`s seller (the intermediary). The seller agrees to pay any intermediation fees that have been added to the seller`s price and were due to the intermediary at the same time as the payment is paid to the seller, in accordance with a specified intermediate service agreement between the seller and the intermediary (since this intermediation service agreement is in effect and effective) under the terms of this agreement.

Means “Good London Delivery” and this term refers to a defined standard of gold bacon that regulates bar size, weight, acceptable hallmarks (refinery stamp), serial numbers, year of manufacture and of course finesse (degree of purity). 17.7 This agreement can be executed in a number of mink, each of which, when executed and delivered, must be an original, and all the counterparties combined form the same instrument.

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