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Barras Ag-Au Berisford BMP
Barras Ag-Au Berisford BMP
Barras Ag-Au Berisford BMP
AND
SELLER
E k e
Seller agrees to sell and deliver and Buyer agrees t o buy and receive
the material described hereunder on the term and conditions
hereinafter contained:
TELEPHONE: 212-599-8300 CABLE: BERISME T AL NEWYORK TELEX: WU 640295, RC A 238170. TRT 177710
AND
SELLER
E k e
Setter agrees to sell and deliver and Buyer agrees t o buy and receive
the material described hereunder on the term and conditions
hereinafter contained:
T E L E P H O N E : 2 1 2 - 5 9 9 - 8 3 0 0 C A B L E : B E R I S M E TA L N E WY O R K T E L E X : W U 8 4 0 2 9 5 , R C A 2 3 8 4 7 0 . ' t R T 1 7 7 7 1 0
-2-
SHIPMENT:
PAYABLES:
SILVER: Pay for 99.5 percent of fine content at London spot
quotation for refined silver as published by
Metals Week.
GOLD:
QUOTATIonal:
PERIOD:
WEIGHING
SAMPLING__AND
Weighing and sampling shall be made after melting
ASSAYING________
at refinery and shall be final for
settlement.
Refinery analysis shall be final for settlement.
Seller shall have the right to be represented at
these operations at own expense.
PAYMENT:
FORCE
MAJEURE:
In the event of any Force Majeure as defined below,
preventing or hindering Sellef; Buyer and/ or the receiving
refinery from the performance of any obligations under this
Agreement the s performance under this Agreement shall be suspended
in full or in part depending on the extent of such prevention or
hindrance f o r the duration of Force Majeure from the date onward
on which written notice of such Force Majeure; including the
reasons causing such Force Majeure; is given by the affected party
to the other party. Quotational periods shall likewise be,
suspended during the period of such Force Majeure.
In the event of Force Majeure at such receiving refinery, any
deliveries shall be subject to Buyer express consent.
Events qualifying as Force Majeure shall be any circumstances
arising or actions taken, including, but not limited to, strike and
lockout, beyond or outside any reasonable control of the affected
party, preventing or hindering delivery and/or processing of
Materials under this Agreement.
If Force Majeure continues for a. period of more than three
consecutive months from the date of notice thereof, either party
has the right to decline to make or receive subsequent delivery of
such quantities not delivered and/or not accepted during such
period of Force Majeure. S u c h right to decline shall not apply to
any quantity purchased at a fixed price or any quantity dde for
pricing during any quotational period preceding the date of such
Force Majeure notice.
O! F
S.
Michael T . Ki j s k i
Vice President Raw
Materials
Iy4
CERTIFICO I e l a s 5 /
su~oorl~Qina-
Limas
I 0 JUN 198
NQTARIA
P JB1IC
At
fass>8
27
' . .----
ah
IMAM
MMA IBM
M.
; .
FULAM METALL AG
Gartenslrasse 3
CH-6300 ZUG
Telelon
Telex
042-22 25 30
865 287 phms ch
19th February
1985
Seller Cia Minera San Nicolas S.A Miguel basso 134 - Of. 502 Lima 27 , Peru
Buyer : Fulam Metall A.G.
Gartenstrasse 3
CH-65300 ZUG - SWITZERLAND
Seller agrees to sell and Buyer agrees to buy the following material at Ehe
following conditions :
MATERIAL
Silver dore bullion produced
approximately Ag: 97/99%
QUANTITY
Total production, estimated at approximately 2400 Kgs/year.
DELIVERY
FOB Buyer's aircraft Lima airport.
0
SHIPMENT
About 200 Kgs every other month. Starting August 1985,
schedule will be about 200 Kgs per month, subject to
convenience.
shipment
Seller's
DURATION
Two years starting May 1985. Buyer will have the right
refusal to renew this contract.
of first
RESTITUTION
Ag: Buyer will pay 99.8% of the silver content at the London Spot US
Equivalent Price for Silver averaged for the quotational.periodr
Au: Buyer will pay 98% of the gold content at the London AM Gold 'ix
averaged for the quotational period.
REFINING CHARGES
US cents 51 per troy ounce of dore.
US
QUOTATIONAL PERIOD
Ag: 90% of the provisional silver content will be priced o n the
second market day after the day of arrival at the refinery. Any
underage or overage will be priced during the same quotational period
as for gold.
Au: On a day to be mutually agreed after final weights and - assays
are known.
ADVANCE PROVISIONAL PAYMENT
Seller may request an early provisional payment of 70% of , t h e
provisional value of the material against a certificate of deposit ,
emitted by a first class bank in favor of the Buyer. Seller will pay
the buyer interest at the US Prime Rate plus 2.5% per annum from the date
of payment until the provisional payment date of the shipment
in question.
ASSAYING
Assays shall be made on an adjusted basis by the respective assayers
and umpires. The results shall be exchanged in the usual manner by
crossing mail. Should the difference between Seller's and Buyer's
assays be no more than the following :
Ag:1 fine
Au: 5 fine
The exact mean of the two results shalt be taken as the agreed result for final
settlement. Should the difference between Seller's and Buyer's assays exceed the
above limits, either party shall have the right to request an umpire assay by an
independent 'laboratory: If any umpire is required, the final assay will be the
assay in the middle of the other two results. The party whose assay is further from
the umpire will pay the cost of the umpire analysis.
10
FORCE MAJEURE
Seller and Buyer shall not be liable for nonfulfillment of part or all
of contract due to fire, strike, riots, acts- o f God, or other
contingencies beyond the control of Seller and Buyer.
In case one party cannot fulfill the contract because of any o f the
causes mentioned, that party will immediately notify the other party
in writing. The party who receives such notice in writing has the
option to cancel the contract for any part not fulfilled after 60 days
have elapsed.
ARBITRATION
Any controversy or dispute arising out of, or relating to this
agreement, or the breach thereof, which the parties shall be unable
to settle by mutual agreement shall be finally settled under the --rules
of conciliation and arbitration of the International Chamber
of Commerce in Paris by one or more arbitrators appointed
accordance with said rules.
in
ADMINISTRATION
This contract will be administered on behalf of the Buyer by
Transamine Ltd, 4 Stanhope Gate, London W1Y 5LA, England. A i l
correspondence to the Buyer will be addressed c a r e of Transamine Ltd.
Date
bate
20
Jolt 19 86
JR.CAMANANa380-OF.208
Fanos27-8089-26.1818-287781
N ? 2 . . 5 8 3 86/ S P
A favor
p
Guia N o 6165
Peso Bto.:
Leyes AU:
973.1
Pundlcl6n (Ensayes)
"
'-eso
Merma.:
Kls.
%
1,442.80 Kgs
Peso Neto
46.39
: O R O : 46.39 0z X 973.1 =
45..14 oz X
99.5%=44.91Oz a US $ 343.00/Oz
DEDUCCI0NES:
Gastos de tratamiento = 1.84 oz X 46.39
oz G astos de comercializaoin' 2%
Focomi
I 5%
Focomi II 5%
Avanoe Account 10%
Imjporte liq. Provisional No 2578 86/SP
(25.2.86) (' Gasto de ensaye lab/ Alfred H.
Knight del Perd.
Cotlzaclones: US $ 343.00/Onza
London(Afternoon Fix) promedio de la
semana del 24 al 28 de Febrero
1,986
0
15,404.13
$.
85.36
308408
$.750.53....
750.53
1,501.07.
..
9,247.18
8.00
393.44
US $
12.257.31
US $. 2,753.38
Jr ,
;.-'
Vet.
2,753.38
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PRECOSOS
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