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FCO Refundable Cash Indemnity Deposit 2024 MIRADOR 300K HK

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0% found this document useful (0 votes)
853 views6 pages

FCO Refundable Cash Indemnity Deposit 2024 MIRADOR 300K HK

Uploaded by

jairo
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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NEW WAVE VENTURES SDN BHD

3RD FLOOR, LOT 220 SECTION 11 KTLD, JALAN SATOK, KUCHING, SARAWAK, MALAYSIA
Title Holder Depository Locations: Dubai - UAE, Hong Kong, Singapore, United Kingdom & Zurich.

Date: 18 JUNE 2024


FCO REF NO: GHAP-NWV/MT103-300k/AUHK-1MT-144MT/36-MONTHS

This FCO is based on Refundable Cash Indemnity Deposits of Euro 450,000 ($490,000 USD)
where seller will reciprocate by issuing PB of 450,000 Euro ($490,000 USD) to the buyer.

ATTN: (Name of the buyer) FRANCISCO J ARRIAGADA BLANCO


COMPANY NAME MIRADOR MIC LLC
ADDRESS: 8 The Green ST B, Dover, Delaware, USA
SIGNATORY: FRANCISCO J ARRIAGADA BLANCO
POSITION: CEO
TELEPHONE NO: +56 9 7707 5236
E-MAIL: [email protected]
BUYER MANDATE JARIO SÁNCHEZ
SELLER REP FRANCISCO JOSÉ HERRERA Y HERRERA

NON-NEGOTIABLE GOLD BULLION FULL CORPORATE OFFER

We, NEW WAVE VENTURES SDN BHD (1330634-P), under the authority of the seller cum title holder (herein
referred to as Principal Seller) , hereby offers with full corporate and legal responsibility, under penalty of
perjury and confirms that we are ready, willing and able to supply you, 144MTS of gold bars of 1 KG and
12.5 KG in 999.96/1,000 purity in a 36 months period with possible Rolls and Ext under penalty of perjury
or fraud, and we are ready, willing and able to legally sell, grant title and deliver the AU metal as described
under the terms, conditions and procedures hereunder:
A. COMMODITY

COMMODITY (AU) GOLD BULLION (Not in the GLD Banking System)


SIZE 12.5KG OR 1 KG GOLD BULLION BARS
HALLMARK HALLMARK AU GOLD BULLION.
ORIGIN OF GOLD WEST AFRICA. NON – CRIMINAL ORIGIN
AGE MORE THAN 5 YEARS
CURRENT LOCATION STOCK HELD IN A PRIME CUSTODIAN BANK’S VAULT / WAREHOUSE; ADDRESS
SHALLBE DETAILED IN THE SAFE-KEEPING-RECEIPT (SKR).
PRICE & DISCOUNT LBMA, 2ND FIXING OF THE DAY 15% GROSS AND 12% NET FOR PURITY
999.96/1000 (MIN).
DELIVERY DESTINATION FOB HONG KONG
(BULLION ONLY)
FOB HONG KONG TRIAL: 500KG
WEEKLY: 1,000 KG FOR A MONTHLY DELIVERY OF 4,000 KG
PERIOD: 36 MONTHS.
TOTAL ORDER: 144MT
NEW WAVE VENTURES SDN BHD
3RD FLOOR, LOT 220 SECTION 11 KTLD, JALAN SATOK, KUCHING, SARAWAK, MALAYSIA
Title Holder Depository Locations: Dubai - UAE, Hong Kong, Singapore, United Kingdom & Zurich.

PAYMENT GUARANTEE
PRIME BANK SWIFT MT 103 TT CASH TRANSFER FOR 300,000 USD
BEFORE
DELIVERY – (REFUNDABLE) TO GUARANTEE THE TRIAL TRANCHE OF 500 KG
SWIFT MT 103 TT WITH THE BUYER´S COMMITMENT TO IMMEDIATELY INCREASE
CASH TRANSFER IT TO $490,000 USD FOR THE SUBSEQUENT WEEKLY DELIVERIES
FOR 300,000 OF 1MT OF GOLD BULLION VALID FOR 366 DAYS TO REVOLVE FOR
USD THE ENTIRE LIFT OF 480MT INTO THE SELLER’S NOMINATED
(REFUNDABLE) FIDUCIARY BANK ACCOUNT FOR SELLER TO ISSUE A
AGAINST
PERFORMANCE BOND FOR 300,000 USD and INCREASE IT TO
SELLER’S PB FOR
300,000 USD 490,000 USD WHEN THE BUYER´S GUARANTEE HAS BEEN
INCREASED.
CURRENCY THE LEGAL CURRENCY OF THE UNITED STATES OF AMERICA (USD) ($).
AGENTS’ FEES TOTAL AGENTS’ FEES OF 3%; (1.5% TO SELLER’S AGENT(S) (CLOSED)AND 1.5%
TOBUYER AGENT(S) (OPEN). WILL BE PAID BY THE SELLER UNDER SEPARATE
IMFPA IMMEDIATELY UPON FULL PAYMENT RECEIVED
FROM BUYER TO SELLER.

B. TERMS & CONDITIONS

1. PURCHASE PRICE IN EUROS.


Shall be, based on the Second Fixing of the London Bullion Market Association “LBMA” on the day of
closing priced in Euros, as pegged to United States Dollars.

2.DISCOUNT.
The Product is offered by the Seller to the Buyer, with a 15% GROSS AND 12% NET discount from the
Second London Fixing of the price of gold per Troy Ounce as quoted by LBMA on the date of each
respective Lift, Transfer, or Delivery to the Buyer.

3. FEES AND COMMISSIONS:


Seller (as agreed) shall pay Seller side 1.5% (closed) and buyer’s side 1.5% (open) of the purchase price,
as per the terms of this Agreement and the Non-Circumvention Non-Disclosure Irrevocable Master Fee
Protection Agreement (the “NCND/MFPA”).

4. WARRANTIES & PAYMENT INSTRUCTIONS:


WHEREAS; the Buyer confirms with full corporate authority and legal responsibility, that he is Ready, to
issue Proof of fund which shows that he has the financial capacity to pay for the monthly delivery of the
gold after assay.

WHEREAS the Seller also confirms with full corporate authority and legal responsibility, that he is Ready,
Willing, Able to sell the said Gold Bullion Bars and provides Proof of Product, via SWIFT MT600 from the gold
CUSTODIAN BANK, for the quantity of the 500KG of Gold Bullion Bars to the Buyer’s Bank Officer ONLY upon
receipt of the guarantor confirmed and authenticated the wire transfer of $300,000 USD to the Seller’s
Nominated Receiver Fiduciary Designated Bank Account.

WHEREAS; After all verifications of the Commodity, and presentation of Sellers Commercial Invoice in the
amount (in USD equivalent), equal to LMBA Price less Percentage Discount of Eleven percent (12%) net of
the purchase price, the Buyer shall instruct the Buyer’s Bank to issue to Seller Bank a SWIFT MT 103 FINAL
payment to Seller’s NOMINATED FIDUCIARY RECEIVER Bank Account in exchange of Full Title and
Ownership.
NEW WAVE VENTURES SDN BHD
3RD FLOOR, LOT 220 SECTION 11 KTLD, JALAN SATOK, KUCHING, SARAWAK, MALAYSIA
Title Holder Depository Locations: Dubai - UAE, Hong Kong, Singapore, United Kingdom & Zurich.

5. STORAGES: PRIME BANK / WAREHOUSE VAULTS.

6. TRANSACTION PROCEDURES

The Seller and Buyer solemnly agree as follows (FOB HONG KONG).

A. Seller has issued FCO which basic terms and conditions acceptable to the Buyer subject to the final SPA and
buyer have signed the FCO AND ISSUED A LOI TO SELLER COMPANY to proceed.

B. Seller’s SPA has been issued to the Buyer to complete and return after any final agreed amendments.

C. After mutual agreement with the final SPA, The Buyer (first) and The Seller (second) will sign and seal this
Sales and Purchase Agreement with their full banking coordinates within the SPA, NCNDA and IMFPA.

D. Seller and The Buyer will lodge the completed set of contract documents with their respective banks.

E. The Buyer will then instruct his Bank, TO SEND CASH SWIFT MT 103 TT REFUNDABLE INDEMNITY
SUM OF $300,000 USD TO SELLER’S NOMINATED FIDUCIARY RECEIVER BANK AND THE BANK
PAYMENT SLIP COPIED SELLER FOR FOLLOW UP.

F. Upon receiving, verifying, authenticating, and validating the CASH SWIFT MT103 TT
REFUNDABLE INDEMNITY SUM OF $300,000 USD at the Fiduciary bank, the Seller will cause
the issuance of Performance Bond of 300,000 USD to the buyer and Proof of Product by way of
POP/SKR CERTIFICATE issued in Buyer’s name by the SELLER’S GOLD CUSTODY BANK via
SWIFT MT 600-700, together with a Letter of Invitation (ATV –AUTHORITY TO VIEW) to TTM
to view and inspect the gold to be sent to the Buyer’s email address.

G. Buyer along with an Assayer of Buyer’s choice will then be invited to the Custodian Bank for Table Top
Meeting and a physical viewing/inspection of the Gold Bullion Bars at the bank depository within three (3)
Banking Days after the CASH SWIFT MT 103 REFUNDABLE INDEMNITY DEPOSIT is verified and validated.
Buyer may also nominate Buyer’s Bullion Officer and/or an Authorized Representative to attend on Buyer’s
behalf if preferred. If so required, Buyer can arrange to send the gold to a mutually recognized refinery for assay
at Buyer’s cost.

H. All relevant documentation and paperwork will be provided to the Buyer electronically (per tranche). Buyer
will also receive an Assay Report for their records.

I. After the physical viewing/ inspection/assay of the Gold Bullion Bars at the bank depository and once the
Buyer has settled the cost of the first tranche of 500 KG Gold Bullion Bars with the Seller of the gold, the Title
of ownership of equal quantity of the first tranche of 500 KG Gold Bullion Bars will be transferred to Buyer and
delivery made, with subsequent deliveries of 1MT per week made in the same way only if the CASH
INDEMNITY DEPOSIT SUM IS UPDATED TO EUROS 450,000 ($490,000 USD) AND REMAINS
NEW WAVE VENTURES SDN BHD
3RD FLOOR, LOT 220 SECTION 11 KTLD, JALAN SATOK, KUCHING, SARAWAK, MALAYSIA
Title Holder Depository Locations: Dubai - UAE, Hong Kong, Singapore, United Kingdom & Zurich.

AND NOT REFUNDED TO DEPOSITOR BUYER.

J. Buyer’s CASH EUR. 450,000.00 ($490,000 USD) INDEMNITY PAYMENT GUARANTEE


SHALL be used for subsequent weekly tranches as agreed between Buyer and Seller following
the same process: full payment for the tranche of 1 MT Gold Bullion Bars (via MT103 or T/T) in three (3)
days after title transfer, against transfer of Title of ownership of the first delivery of 1 MT Gold Bullion Bars to
Buyer. This is repeated per tranche until delivery of the total quantity of 144 MT is completed.

K. The commissions due will be paid by the Seller immediately and without delay to each appointed Paymaster
or Beneficiary after each tranche and as per the Terms and Conditions of the SEPARATE NCNDA/IMFPA which
forms part of this Agreement.

L. Once the 144 MT are completely delivered to Buyer, the BUYER’ S CASH INDEMNITY DEPOSIT OF EUR
450,000.00 ($490,000 USD) shall be cancelled at the closure of the final transaction either by reimbursement
or by deduction.

M. TRANSACTION CONCLUDED.

7. DOCUMENTS:
All tranches of au metal shall be accompanied by but not limited to the following documents:
a) Certificate of Purity
b) Weight and size of each Gold Bar
c) Certificate of Legal Ownership
d) Serial Number per Gold bar
e) Year of manufacture
f) Certificate of Origin and Internationally accepted Assay stamp of the refiner
g) Warehouse Safekeeping Receipt (SKR) from storage warehouse
h) Commercial Invoice and or similar made out to the Buyer.
i) Packing list and packing specifications (for uplifting).

8. TRANSACTION CONFORMITY WITH INTERNATIONAL REGULATIONS:


The Seller and the Buyer each declare to one another that the commodity offered herein for sale and
the origin of the funds used for purchasing the commodity do not contravene any of the following LAWS
or any other illegal or criminal activity:

a) The Drug Trafficking Act of 1986;


b) The Criminal Act of 1988;
c) The Prevention of Terrorism (Temporary Provisions) Act of 1989;
d) The Criminal Justice (International Cooperation) Act of 1990;
e) The Criminal Justice Act of 1993;
f) Trade Secret of 1979: Economic Espionage Act of 1993 [18 U.S.C. 1839 (3)]
g) The Anti-Terrorism Act and the Patriot Act l and ll.
NEW WAVE VENTURES SDN BHD
3RD FLOOR, LOT 220 SECTION 11 KTLD, JALAN SATOK, KUCHING, SARAWAK, MALAYSIA
Title Holder Depository Locations: Dubai - UAE, Hong Kong, Singapore, United Kingdom & Zurich.

9. SOLEMN DECLARATION:

I, MR FRANCISCO J ARRIAGADA BLANCO, the signatory account holder’s below, hereby accept this FULL
CORPORATE OFFER in full and WITHOUT ANY CHANGE OR ALTERATION.

BUYER SIDE SIGNED AND SEALED:

MR FRANCISCO J ARRIAGADA BLANCO

AUTHORIZED BUYER

DATED: 18/JUNE/2023.

SELLER SIDE SIGNED AND SEALED:


For NEW WAVE VENTURES SDN BHD

-------------------------------------------------------
MR. FRANCISCO JOSÉ HERRERA Y HERRERA
SELLER MANDATE

DATED: 18/06/2024

-----------------------------------------------------
MR. SK PETER
CEO
DATED: 18/06/2024

THIS FCO IS VALID FOR 3 DAYS FROM THE DATE HEREOF.


Buyer Name MIRADOR MIC LLC
Represented By FRANCISCO J ARRIAGADA BLANCO
Position CEO
Passport No. 8 The Green ST B, Dover, Delaware, USA
Mobile No. +56 9 7707 5236
Email Address [email protected]
Total Quantity 144MT
Trial Delivery 500KG
NEW WAVE VENTURES SDN BHD
3RD FLOOR, LOT 220 SECTION 11 KTLD, JALAN SATOK, KUCHING, SARAWAK, MALAYSIA
Title Holder Depository Locations: Dubai - UAE, Hong Kong, Singapore, United Kingdom & Zurich.

Weekly Delivery 1MT


Monthly Delivery 4MT
Contract Period 36 Months
Delivery Destination Hong Kong
Buyer’s Bank for Payment BANK OF AMERICA
Guarantee

CLIENT INFORMATION SHEET

In accordance with Articles 2 and 5 of the due diligence and federal banking
commission circular of December 1999, concerning the prevention of money
laundering, and Article 305 of the Swiss Criminal Code, the following information may
be supplied to banks and to financial institutions for purposes of verification of
identity and activities of the investing member, and the nature and origin of the funds
which are to be utilized.

Buyer Name MIRADOR MIC LLC

Represented By FRANCISCO J ARRIAGADA BLANCO

Position CEO

Passport No F49357261

Tel No. +56 9 7707 5236

Email Address [email protected]

Registered Address 8 The Green ST B, Dover, Delawer, USA

Total Quantity 144 MT

Weekly Delivery 1 MT

Final Delivery 144 MT

Contract period 36 MONTHS

Payment Guarantee Refundable Cash Indemnity Deposits of Euro 450,000


Type
Name of buyer’s bank JP MORGAN CHASE
issuing MT 103 TT CASH
TRANSFER

…………………………………………………………..………..end of document ………………………………………………………………….

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