Limura welcomes  applications from businesses and institutions and will request a KYC. To view the KYC Template please click on the link:

 KYC-Template

Limura will only deal with either the Buyer or Buyers mandated agent. All enquiries from non-authorized intermediaries will be automatically rejected.  If mandated agent, the agent will be required to produce a notarized mandate letter & Buyer KYC before Limura will submit a full corporate offer. 

Limura can deliver gold bullion according to  standard Swiss procedures bank to bank, or if the buyer wants Limura to export the metal to a destination country then delivery will be by sea according to CIF Incoterms (updated 2025). Both procedures are as detailed below.

1. Swiss Procedures for Trading Gold Bullion

Swiss procedures, which means that FIRST there is proof that the gold literally exists and that it is in fact for sale by Limura holding title (no third party contracts or banks). A SKR, and current Assay Report are sufficient to begin. In addition there are no liens and encumbrances on the gold, that it is in 12.5 KG standard (modern) “bankable” bullion bars, and the metal is unconditionally guaranteed by the Limura’s Bullion bank. 

Important Note: NO up-front payments or Bank Guarantee or Letter of Credit or POF.

The procedure that Buyers prefer and which assure the fastest and smoothest transaction is described below.

1 Limura will issue Soft offer with complete procedures.

2 Upon review and acceptance of the Soft offer, Buyer will request Limura to issue FCO signed on Limura’s legal letterhead.

3 Upon acceptance and verification of Limura’s  information, the Buyer/Buyer’s Mandate signs FCO and submits a letter of intent signed on the Buyers or Mandates legal letterhead.

4. Limura will responds with the signed and sealed contract with full banking coordinates, and an invitation for the Buyer’s bullion officer to contact Limura’s bullion officer.

5. The Buyer/Buyer’s Mandate signs the contract, and accepts the invitation of Limura’s bullion officer. The Buyer/Buyer’s Mandate sends a hard copy of the contract/agreement signed by both Buyer and Seller with full banking coordinates.

6. The Buyer’s bullion officer initiates the contact with Limura’s bullion officer by KTT.

7. Limura’s bullion officer will be instructed by Limura to verify the Au metal, the quantity available, and to disclose any/all liens and encumbrances attached to the metal.

8. Upon receipt of the proof of existence of the Au metal and the certificate of authority to sell, the Buyer will instruct his bullion officer to confirm the availability of funds to be used as payment when the gold is delivered.

9. The Buyer and Limura agree on a window time for exchange. The payment to Limura will be disbursed within 24 hours against the transfer of ownership of the metal.

10. Commissions/fees will be paid upon closing of each tranche to the parties stipulated in the contract, in the amounts shown.

11. All subsequent tranches will close as described above.

2. Procedures For Trading Physical Gold Bullion-CIF Incoterms 2026

1. Limura issues Full Corporate Offer (FCO) 
2. Buyer signs FCO and returns it to Limura
3. Limura signs & submits Sales & Purchase Agreement (SPA) to Buyer
4. Buyer accepts and countersigns SPA
5. Both parties lodge copy of the SPA with their respective Banks
6. Limura provides to Buyer POP (SKR) for the initial tranche and current Assay Report.
7. Buyer either (a) arranges a cash backed Irrevocable Documentary Letter of Credit (IRDLC) from one of the top 100 World Banks that meets ICC standards with a face value equivalent to 100% of the Proforma Commercial Invoice, or (b) transfers one hundred per cent (100%) of the value of the Proforma Commercial Invoice to an escrow/blocked account under the mutually agreeable escrow agent 
8. The Limura checks the product into Security & Transport Company for buyer destination
9. Security & Transport Company delivers the gold bullion to the Buyer’s designated place of destination.
10. All costs of the Final Assay after delivery to be at the expenses of the Buyer
11. 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.
12. 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