The administration process we use is the safest in the industry. We require the seller to provide us with ( FCO) Full Corporate Offer. They should include the following documents, Company Registration, Government Assay, Safe keeping Receipt and copy of the signing company officials Passport.
We will then send the Seller an official Purchase Order that describes the terms and conditions for the purchase. The Buyer and Seller will sign the Purchase Order using respective Company Seals.
All of the transactions are bank to bank. We use the International bank SunTrust bank, Orlando, Florida USA. We have had an account with SunTrust bank since 1979. They will provide references upon request. We are already pre financed at the refinery to pay the seller, that usually occurs within 72 hours final assay.
The Seller will then Ship Product CIF direct to LBMA refinery in Miami Florida, USA or to the port. The Seller will maintain ownership and control of the product until final assay. Once the final assay is completed and the product is proven to be of the quality and quantity that is stated in the purchase order. Suntrust will then wire the funds as stated in the purchase order to the seller bank.