Lbma Consignment Agreement

Bullion banks, which lend gold to mining companies, would generally do so to finance a company-run project. A mining company would also borrow gold if it entered into a hedge-attacking contract in advance, in which gold that has not yet been mined or extracted from the land is pre-sold to buyers. If some or all of their buyers expect a physical delivery of the golden lion, the mining company would choose to borrow the gold from the bank, which would then be delivered to buyers at the other end of the meeting. The gold loan to mining companies is generally repaid from the future mining production of the companies. This Agreement is considered valid only when it is signed by both parties, after which additions, cancellations or amendments are not valid, unless they are signed in writing and by both parties, including additions, cancellations or amendments. Copies sent by e-mail are considered original if they are duly signed. This agreement replaces all previous agreements and constitutes the whole agreement between the parties. The Drug Traffic Offenses Act 1986, The Criminal Act 1988, the Prevention of Terrorism (Temporary Provisions) Act 1989, The Criminal Justice (International Cooperation) Act 1990, The Criminal Justice Act 1993, and the Money Laundering Regulations 1993, or any other illegal or criminal activity. and, therefore, each party in this agreement compensates each other for such allegations. 3 1.2 In this agreement, any reference to a clause is a reference to a clause in this agreement.

1.3 The titles of the clause are intended only for a simple reference and do not affect the structure of this agreement. 2 Sending 2.1 The sender delivers gold and hands it to the recipient, at his sole discretion, at the request of the recipient and subject to the terms stipulated in this Agreement. There is nothing in this agreement that requires the sender to accept a request from the recipient or on behalf of the recipient, to deliver and/or to pass on gold to the recipient. 2.2 The shipper sends a shipment only when all the following conditions have been agreed upon by the parties and confirmed in writing by the method that the shipper may require according to its standard procedures applicable from time to time: (c) (c) (c) (c) the quantity of gold and, if applicable, the number of gold that make up the lot; The proposed delivery date for the lot; Destination airport or other delivery point The delivery point, i.e. the point at which the risk in the shipment is transferred to the recipient in accordance with point 3.2 above; and the chests in which the shipment is stored. 2.3 Once the sender has accepted a request for shipment, the sender can only cancel the request with the sender`s prior written consent and provided the sender reimburses the sender for all costs and expenses already incurred by the sender in preparing the shipment.

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