FAQs
FAQs
Browse our frequently asked questions
What is the origin of the Gold?
Africa (both East and West)
What is the form of the gold when delivered?
1 or 12.5 kg bars
What is the purity of the doré delivered?
A minimum of 96%
What is the age of the doré delivered?
Under 5 years
What are the delivery terms?
Only CIF
What is the minimum trial quantity?
A minimum of 100kg unless otherwise agreed
What destinations are acceptable?
USA, Canada, Dubai, and parts of Europe…other destinations upon
request
When is payment made?
After the official assay is done at the buyer’s refinery/testing facility
What Payment Guarantee is required?
An SBLC, BG or Escrow
Will the seller offer a Performance Bond?
Yes, a 2% PB will be offered
Is the seller’s bank strong and with a good reputation?
Yes, it will always be a top bank out of North America, Europe or the UAE
Will the sellers do Spot transactions?
No, only 12-month contracts
What is the minimum term of a contract?
12 months with rolls and extensions
Can the buyer increase the quantity during the term of the contract?
Yes, upon mutual agreement with the seller
How can payment be made?
TT /MT103
How is the Proof of Payment made?
Bank officer to bank officer
How frequently are the deliveries made?
Often every ten days but as agreed but at least once a month
Does the buyer have to provide a Customer Information Sheet?
Yes
Will the buyer receive the Seller’s CIS?
Yes
Will the seller ask for the buyer’s banking information?
Yes
What is the maximum amount delivered per month?
Often up to 2 mt but by negotiation
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Whether you’re looking to sell gold or source reliable supply, TGL World Trade Solutions is your trusted partner in global gold trade.