LBMA LIVE SPOT:
XAU/USD 2,648.50 +0.45%
XAU/EUR 2,422.80 +0.32%
XAU/GBP 2,068.10 +0.29%
XAG/USD 31.92 +0.68%
STANDARD OPERATING PROCUREMENT PROTOCOLS
📍 Vault Hub: Kampala, Uganda | UK Rep: Edinburgh, UK

Client Procurement &
Transaction Procedures

A transparent, 7-stage commercial framework designed to reduce counterparty uncertainty, enforce OECD compliance, and protect all transacting parties from initial inquiry through final refinery settlement.

01
Commercial Alignment

Stage One: Initial Consultation & Requirements Assessment

Every commercial engagement begins with an introductory inquiry submission or video consultation (Zoom / Google Meet). Individual buyers (from 1kg) and corporate clients are guided by a dedicated trade officer.

  • Target Volumes: Define intended purchase quantities (e.g., 1kg, 2kg, 5kg bars up to 100kg+ monthly recurring allocations).
  • Delivery Destinations: Confirm international airport destination and designated receiving refinery.
  • KYC Readiness: Exchange corporate credentials and verify counterparty regulatory standing.
02
Pricing & Terms

Stage Two: Commercial Framework & Term Sheet Alignment

Following initial consultation, Equatorial Goldfields prepares the proposed commercial term sheet outlining pricing mechanisms, logistics, compliance obligations, and payment milestones.

  • Pricing Mechanism: Linked to official London Bullion Market Association (LBMA) fixing ($100,000/kg benchmark standard).
  • Incoterms 2020 CIF: Seller covers export customs, armored transport, international air freight, and transit insurance.
  • Allocation Deposit Structure: For remote CIF clients, a 7–10% allocation deposit is required to initiate export licenses and freight booking; for physical in-person Kampala inspection clients, a 30–40% deposit is required before processing.
03
Binding Legal Contract

Stage Three: Sale & Purchase Agreement (SPA) Execution

Once commercial terms are aligned, both corporate parties execute the formal Sale & Purchase Agreement (SPA).

  • Defines exact transaction volume, quality specifications (.995+ or raw dore), and pricing mechanisms.
  • Establishes documentation obligations, export timelines, and designated refinery assay protocols.
  • Policy: No operational or commercial execution begins until the SPA has been fully executed by authorized signatories.
04
Vault Custody & Export

Stage Four: Allocation & Export Preparation

Following execution of the SPA and receipt of agreed processing allocation, Equatorial Goldfields activates export operations in Kampala, Uganda.

  • Physical allocation of product from Kampala vault inventory.
  • Issuance of export documentation, certificate of origin, and customs clearance certificates.
  • Booking of secure armored transport and international insured air freight.
05
Insured Air Freight

Stage Five: Secure Logistics & International Delivery

Under Incoterms 2020 CIF procedures, Equatorial Goldfields coordinates product movement directly to the buyer's nominated international airport.

  • Armored transport from Kampala vault to Entebbe International Airport (EBB).
  • Insured air freight dispatch via specialized bullion carriers (Brink's, G4S, Malca-Amit).
  • Real-time chain-of-custody notifications and air waybill (AWB) tracking provided to the buyer's team.
06
Refinery Assay Validation

Stage Six: Independent Assay & Final Commercial Settlement

Upon arrival at the destination airport, the shipment is escorted to the buyer's nominated LBMA/licensed refinery or customs assay facility for final testing.

  • Independent assay report issued by destination refinery validating purity and net weight.
  • Final commercial invoice generated based strictly on verified assay metrics.
  • Buyer remits the remaining 90–93% balance via SWIFT wire transfer, completing full transfer of legal title.
07
Contract Scaling

Stage Seven: Long-Term Supply Partnership

We build long-term, multi-year supply partnerships with returning individual and institutional clients.

  • Priority inventory allocations from regional mine production.
  • Structured monthly or bi-weekly shipment schedules.
  • Dedicated corporate account executive and streamlined contract renewals.

Ready to Initiate a Procurement Term Sheet?

Speak with our trade desk to discuss volume availability, delivery destinations, and contract terms.

Submit Email Inquiry Preview Sample SPA