Over the past decade, we have successfully built a strong network of suppliers and business customers for our gold trading. Because gold is a cash-back commodity and mining is a capital-intensive endeavour, the only option to ensure consistent supply at acceptable and realistic discounts is to pre-finance.
We have 30 agent offices around the country that we pre-finance to purchase gold and deliver to us. They have relations with over 400 small-scale miners and thus have a combined capacity of supplying us 200-250kg weekly.
Trading Operational Procedure
Our operational focus is to drive a solid and consistent time delivery for our clients and expand more globally. Kors Tradelines Ltd. produces, procures, and ships for export, products in excess of 50 – 250 kilograms of Gold Dore and/or bullion per client on a monthly schedule and one-year calendar. Our usual trading conditions are as follows:
- Purchase and export
Our terms of purchase dictate that KORS Tradelines keeps ownership of the gold dore bars until we receive full payment from the purchaser. The buyer is also responsible for all costs associated with customs clearance, transport to the designated refinery, gold analysis, and refining in the buyer’s country.
- Assaying
We have the right to have a representative act as a witness for Customs Clearance at the Delivery Port of the buyer, who may also be present at the buyer’s designated Refinery during the Gold Dore assay test. The Buyer further promises to keep the us informed of the location of the Gold Dore bars and the status of the Gold assay process, supplying us with a copy of the complete assay report conducted in the Buyer’s country.
- Payment
As transaction methods, we permit both pre-financing and the use of banking instruments. If pre-financed, shipment will begin 7 days following receipt issue. For an SBLC, the first shipment will begin 30 days after receipt, and payment will be made within 24–48 hours of the buyer’s acknowledgment and acceptance of the final refinery assay report.
Banking Instruments
KORS Tradelines accepts the following banking instruments for Gold Supply Transactions
- Stand by letter of Credit (SBLC)
- Bank Guarantee (MT760BG)
- Clients have the option to Transact with Banking Instruments particularly (MT760BG and MT760SBLC) issued to their Monetizer to grant KORS Tradelines loan for the supply of Gold.
- PLEASE NOTE
Prior to initiating any chosen procedure, clients are requested to complete the registration process and formally endorse the Export Service Agreement. Charges on export are 1.5%-2% of export value.
GoldPLUS MEMBERSHIP
As a licensed purchasing company, clients can open a Metal Account with us where they make regular deposits for supply of gold upon availability. This account makes you a member of the company which gives you priority status to available gold and other exclusive perks such as easy access to our refinery, shared export costs, preferential discounts, and secure storage. This process is initiated with an engagement fee, and once completed, you become part of a strategic partnership that combines reliable supply with diverse advantages.
JOINT VENTURES
Explore new horizons of growth with our Joint Venture offering. Collaborate with us through a strategic joint venture agreement, where your investment in heavy equipment enhances our mining operations. This synergy allows you to contribute resources and expertise, propelling our mutual success. Expect an agreed Return on Investment (ROI) that amplifies the benefits of collaboration. Through Joint Ventures, we co-create opportunities for growth, setting the stage for unparalleled success in gold trading.
REVOLVING (PRE-FINANCE)
Secure a consistent supply of GOLD at advantageous discounts through our innovative Revolving (Pre-Finance) arrangement. Recognizing that GOLD is a precious cash-backed commodity and mining entails significant capital investment, our Pre-Finance solution ensures regular supply with realistic discounts. With a commitment of a minimum 6-month order, you unlock a pathway to consistent supply that boosts your profit margins. Your supply journey commences 14 to 30 days after full payment is received, ushering in a realm of increased profit and client satisfaction. Experience the power of 100% Pre-finance, designed to enhance your trade endeavors.
EXPERT CONSULTANCY
Leverage our profound insights and international gold market expertise through our Consultancy service. Drawing on our extensive knowledge, we guide you in sourcing and importing gold through an ethical and informed approach. Our reputation for excellence in gold trading activities positions us as a trusted advisor to clients seeking tailored solutions. With our Consultancy service, you gain access to customized guidance of the highest calibre, ensuring your gold trading endeavours are underpinned by ethical sourcing practices and market intelligence.