LETTER OF INTENT TO PURCHASE 9.
999% PURITY GOLD FOR EXPORT TO
DUBAI
From:
ECB BRAZIL
Headquarters
Central Office: Tower, No. 8, 21st Street (East Kan’aani Moghadam), Tehran, Iran
+ 55 32 99975-3204 whatsapp
E-mail: [email protected]
To:
Attention to:
Mr. Vita Antônio Kibunda
Date: 11/01/2025
Subject: Letter of Intent to Purchase Gold for Export to Dubai
Dear Mr. George Masasa GENERAL MANAGER
We, ECB, hereby express our formal intention to purchase gold under the
following terms and conditions:
1
1. Product Description:
Commodity: Gold Bars
Purity: 9.999% minimum.
Form: Bars
Origin: Africa
2. Quantity:
Initial Purchase: over 1,000 tons per month
Monthly Volume: It depends on the quantity that the refinery will be able
to grant us.
3. Price:
• Pricing Method: Based on LBMA – London Bullion Market Association or
another mutually agreed benchmark.
• Discount: Agreed discount on the price per kilogram + commission
• Currency: USD
• Commission: Percentage or fixed amount included in the final price, to
be paid to Commission Beneficiary's Name Edson Brito
4. Payment Terms:
Payment Method : Payment Method: Bank Transfer, SBLC, DLC, or as
agreed upon.
Payment will be due upon successful inspection and approval of the
goods at the refinery in Dubai, following the completion of all verification
procedures.
5. Delivery Terms:
Destination: Dubai, UAE.
INCOTERMS: CIF
Inspection: Payment will be due upon successful inspection and approval
of the goods at the refinery in Dubai, conducted by competent
inspection bodies with the participation of the seller's team in the
monitoring process, following the completion of all verification
procedures.
2
6. Documentation: The Seller must provide the following documents:
Certificate of Origin.
Export License.
Assay Report.
Commercial Invoice.
Packing List.
Airway Bill/Bill of Lading (as applicable).
7. Timeline:
Expected Delivery Date: Between 20th and 30th January 2025.
Contract Finalization: 10th January 2025, or as mutually agreed upon by
both parties, with the final date to be confirmed after the contract is
signed.
8. Legal and Regulatory Compliance: Both parties agree to adhere to all
applicable laws and regulations related to the sale, export, and import of gold.
9. Confidentiality: This LOI and all related communications shall remain
confidential and shall not be disclosed to any third party without prior written
consent from both parties.
10. Non-Binding Nature: This LOI is intended to outline the terms for a potential
purchase and is not legally binding, except for the provisions regarding
confidentiality and governing law.
11. Governing Law: Governing Law: This LOI shall be governed by the laws of
Switzerland, and any disputes shall be resolved in Zurich, through arbitration, in
accordance with the rules of the International Chamber of Commerce (ICC)
and international trade laws and regulations governing the export and import of
gold.
3
We understand that any and all offers and/or contracts are subject to successful
verification of availability by both parties.
This LOI is our company's initial purchase intent only and is not the basis for
signing the contract. We hope that the above is of interest to you and we look
forward to signing the contract for this agreement.
We look forward to your acknowledgment and further discussions to formalize
this agreement.
Sincerely,
NAME: Edson Brito
DATE: 11/01/2025
STAMP / SEAL SIGNATURE
