Banking for AU Commodity Selling/Buying

Advanced commitments for gold buying are not allowed.

Therefore banking procedures for the GGI Buyer Group are not applicable.

Banking instruments like BG and SBLC procedure are not safe for both parties.

Kindly be aware, that banking procedures via documents like SBLC or BG are not safe for the buyer!

Therefore for Gold Seling/Buying procedure requests for BG and SBLC can not be accepted.

Requests for POF, like SBLC or BG will be strictly rejected.

FOR SURE BCL BANK COMFORT LETTER IS ALLOWED.

But BCL may be applied only after AU Shippment arrival.

Five steps to achieve trust and confidence:

10 Kgs, hand luggage delivery, first gold shipment.

50 Kgs, followed gold shipment, courier or shipping agency delivery.

100 Kgs , followed gold shipment, agency or charter Jet or private Jet delivery.

300 Kgs, followed gold shipment, agency or charter Jet or private Jet delivery.

1000 Kgs, followed gold shipment, agency or charter Jet or private Jet delivery.

Thus it is advised so focus on first delivery FCO arranged due Incoterms DAP.

http://lobbyists.goldglobal.eu/index.php/fco