Procedures to buy gold in Cameroon
We receive emails daily from clients who want to Buy Gold in Cameroon with the following lines ”payment after assay report. No fly to Africa, No payment outside fees. no bank instruments, no upfront payments”.
Below is a sample email we received just days ago
we are dealing with a genuine buyers from Turkey or any other country who always Buy gold in Cameroon, it’s a company, it’s seeking to buy gold bars, delivery at for example at Turkey Airport. payment after assay report. No fly to Africa, No payment outside fees. no bank instruments, no upfront payments.
If you are Interested to buy directly from a Miner in Cameroon, the contact us to Buy gold in Cameroon
We do not waste our time to attend to broker or Seller who do not want their company to come down to Africa, or pay outside fees, or want to use bank instruments, or pay flight tickets or visa cost or any kind of payment outside Turkey or any other country. Buy gold in Cameroon and enjoy the best quality gold from cameroon
Please we should note that we are talking about Gold, a precious and highly sort after metal which can be sold anywhere at anytime without any loses.
No Mining Company in Cameroon /Africa will take their gold and fly oversea, incurring all costs when they can easily sell at their mines to the Chinese at the same world market price.
CURRENT TRANSACTION PROCEDURES TO BUY GOLD IN CAMEROON
The Seller and the Buyer hereby agree to and fully accept the following procedure for the execution of the transaction by both Parties
After receipt of our Full Corporate Offer (FCO) stating QUANTITY and PRICE based on Purity, buyer will proceed with the evaluation and if buyer finds them of interest, we will then send buyer our Sales & Purchase Agreement (SPA) for review and approval.
Please see below the steps in further detail:
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Seller (Miner or Owner) sends to the Buyer, a Full Corporate Offer (FCO);
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Buyer reviews the FCO, makes comments, if any.
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Seller sends the Sales & Purchase Agreement (SPA) for review and approval.
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Both parties sign the SPA.
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Seller pays for all export document processing, taxes and duties (7.9% of the total invoice value) imposed on or required to delivery of the Gold Bars. Seller also pays for insurance, accommodation and flight charges for the CAMNSAFE Agent to accompany the gold. Buyer pays ONLY for the transportation (freight, airport tax, handling fee, etc.) of the gold from Cameroon to Buyer’s destination. Seller notifies the Buyer three days prior to the date of transport with all the details of the shipment.
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The Carrier (Cameroon National Security and Logistics Agency; (www.cam-nsafe.com / info@cam-nsafe.com ) ships the commodity to the Buyer’s Nominated Airport in the name of the Buyer. Cargo will be transported to the nominated Refinery or nominated Assayer where the smelting or refining, weighing and assay will take place.
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Buyer assays the gold, and if not homogenous, also smelts it. If the bars are not homogeneous and needs to be smelted, then for each 100Kg, it will take one additional business day prior to being able to do the assay.
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After smelting the Gold will be placed in sealed boxes and the Seller from that point on will not be able to touch the gold and in case the seal has been tampered with, the smelting and weighing process will have to be done again. The smelting and weighing can be done in the presence of the Seller or his nominated agent.
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Upon receipt of the refining results and/or the assay results from the Buyer’s Nominated Refinery and/or Assayer, the Seller issues Final Commercial Invoice, which must be signed by the Seller and the Buyer (or their authorized representatives) in the presence of one of the Buyer’s Bank Officers certifying the amount on the invoice and that payment will be sent by swift within the next three banking days. The ownership of the gold automatically transfers to the Buyer, while the Seller has the security of payment within 3 Business Banking Days signed and confirmed by the Buyer’s Bank Officer.
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In case any advance payment has been transferred or expenses paid, this amount will be deducted from the amount owed as per the Final Commercial Invoice.
1. Authorization of Spot Shipment
If you are Looking to buy Gold dore bars or Diamond from Cameroon then you must get the Authorization of Spot Shipment Document.
This is done after the seller must’ve registered the gold for transport with a courier and then send you the complete Shipping Documents. To Buy Gold In Cameroon, you must have to be able to pass through this procedure.
This will be only for the first tranche shipment as all subsequent shipments will not demand this document.
The cost of the Authorization of Spot Shipment Document varies based on the quantity of the consignment and this money is paid directly to the treasury account by the Buyer.
After the presentation of the Authorization of Spot Shipment document, the courier will now begin with the delivery of Gold to the Buyer’s Refinery anywhere in the World. The cameroon Government used this procedure to eradicate all the fraudulent methods that have been used before to steal money from genuine buyer where looking for reliable companies to buy gold in cameroon.
2. Cost of the Authorization of Spot Shipment Document.
The cost depends on the quantity of gold or diamond.
For Gold:
1-30 Kilos= $4000
31-50 Kilos= $7000
100-500 Kilos=$10,000
500-1000 Kilos= $18,000
For Rough Uncut Diamonds:
10-50 Carats= $3000
51-200 Carats= $6000
201-500 Carat= $8000
501-5000 Carats= $10,000
5001-25000 Carats= $15,000
The Authorization of Spot Shipment was implemented to fight against trafficking of Precious metals which has led to deaths and kidnappings in the mining regions.
According to law the government gets 3% from all gold deals and this document which is issued by the State is to recognize the buyers and mandates with whom the sellers are dealing with, to know the exact amount involved. It is also a means of security to both parties in case of any unforeseen circumstances.
Summary of how to buy gold online in cameroon
- Contact a Genuine Seller
- Agree on Price and Sign a contract
- Seller registers shipment with courier company and sends you all the shipping documents, registration and taxes.
- Buyer Pays for the Authorization of Spot Shipment to the Treasury and sends the document to the seller.
- Seller shows the Authorization of Spot Shipment Document to the Courier who then effects transportation
- Goods arrive Buyer’s Refinery
- Seller Gets paid after final Assay Report.
