Gold Bar Specifications
Limura’s gold bullion bars are investment-grade and are refined to purity of 99.99% (24 karat gold) and have been manufactured by xxxxxxxxxxxxxx refinery whose bars have been accredited by LBMA as meeting the exacting standards for trading on the global OTC market and appear in the Good Delivery List and weigh 1 Kg, & 12.5 Kg.
Application Criteria & Procedures
Limura welcomes applications from businesses and institutions and will request a KYC. To view the KYC Template click on the link:
Limura will only deal direct with the Buyer or Buyers mandated agent not via other intermediaries. If mandated agent, the agent will be required to produce a notarized mandate letter & Buyer KYC before Limura will agree to terms or submit a full corporate offer.
Limura can deliver gold bullion according to standard Swiss procedures on a bank to bank basis or according to CIF Incoterms (updated 2025), or EXW Incoterms (updated 2025). .
Procedures For Trading Physical Gold Bullion-CIF Incoterms 2025
- Limura issues Full Corporate Offer (FCO)
- Buyer signs FCO and returns it to Limura
- Limura submits Sales & Purchase Agreement (SPA) to Buyer
- Signing and acceptance of SPA
- Both parties lodge copy of the SPA with their respective Banks
- Limura’s provides to Buyer POP (SKR) for the initial tranche and current Assay Report.
- Buyer arranges a Irrevocable Documentary Letter of Credit (IRDLC) for the gold from a top 100 World Bank.
- The Limura checks the product into Security & Transport Company for buyer destination
- Security & Transport Company delivers the gold bullion to the Buyer’s designated place of destination.
- All costs of the Final Assay after delivery to be at the expenses of the Buyer
- Payment by MT 103 SWIFT transfer to the Limura certified official bank account as mentioned on the Final Commercial Invoice, no later than the Three (3) Banking Days after the publication of the Final Assay Report of the product supplied.
- Once payment in full has been made for each tranche, the title of the gold shall be immediately transferred from Limura to the Buyer. Every payment will only be based on the Final Assay Report issued by an acceptable Assayer considering the “net weight” and “purity” of the metal and will be recognized and accepted by both parties
Sales and Purchase Agreement
Limura’s Sales and Purchase Agreement (SPA) incorporates the Terms and Conditions (T & C’s) for the sale of gold bullion according to delivery by CIF Incoterms (updated 2025). You can view the Limura’s templates for the SPA & T&C’s and related documents by clicking on the links:-
1: SPA – CIF Incoterms
2: Terms & Conditions
Gold Bullion
Limura procures gold directly from the world’s largest mining companies and from refineries at the very best prices. This enables the Company to supply other gold bullion dealers, jewellers, fund managers, hedge funds, financial institutions and governments with gold bars at wholesale prices.
The minimum order that Limura will accept is 2,000 troy ounces (62.5 Kgs) of gold and can offer a discount which can vary depending on the value of the order. All Limura’s gold bars are 99.99% pure or 24-karat gold.
