How we trade gold.
Clear contracts, verified counterparties and full documentation on every lot.
Commercial terms
Contract basis
- Contract
- Spot lots or term offtake under a written sale and purchase agreement.
- Pricing
- Referenced to the LBMA Gold Price on fine gold content, with terms agreed per contract.
- Quantity
- Per lot, confirmed by weight and assay at loading and on arrival.
- Settlement
- Against final assay and documents, by bank transfer or an agreed bank instrument.
- Disputes
- Governed by UAE law, with arbitration in Dubai.
Shipping documents
What travels with every lot
| Export permit | Mineral export permit from the Mining Commission of Tanzania |
|---|---|
| Assay report | Gold and silver content by lot, from an independent laboratory |
| Origin | Certificate of origin |
| Commercial | Commercial invoice and packing list |
| Transport | Air waybill and insurance certificate |
| Customs | Tanzanian export and UAE import declarations |
Before we trade
Counterparty requirements
We trade only with identified, verified counterparties. Please have the following ready when you contact the desk.
Company
Corporate documents
Certificate of incorporation, trade licence and the identity of directors and authorised signatories.
Ownership
Ultimate beneficial owners
Details of everyone who owns or controls the buying entity, for screening against sanctions lists.
Intent
Letter of intent
Volume, frequency, delivery point and the refinery or vault that will receive the gold.
Supply & offtake
Empowering industries with every ounce extracted.