Advisory to Gold Sellers

Advisory to Gold Sellers: Emirates and Emeralds LLC-FZ Purchase Procedure

At Emirates and Emeralds LLC-FZ, we follow internationally recognized standards of compliance, transparency, and secure trade. To ensure smooth and professional transactions, sellers—particularly first-time suppliers—should take note of the following guidelines regarding our purchasing process:

1. Payment Policy

No Advance Payments: Emirates and Emeralds LLC-FZ does not make advance payments under any circumstances.
Competitive Pricing: Because we assume responsibility for customs clearance, VAT, and high-security logistics in Dubai, we are able to offer sellers one of the most competitive and fair market prices.

2. Seller’s Obligations

Sellers are responsible for all liabilities, export taxes, customs formalities, insurance, and documentation in the country of origin.
If documentation or export costs present challenges, sellers are advised to liquidate a portion of their gold locally to cover these expenses before export.

3. Trial Shipments (First-Time Transactions)

For initial transactions, a Full Corporate Offer (FCO) must be submitted by email.
If terms in the FCO are negotiable and mutually agreed, an SPA (Sales and Purchase Agreement) will be executed following a full KYC (Know Your Customer) due diligence review.

4. Shipment and Dubai Procedures

Shipments are generally delivered by hand-carry with prior arrangement.
Upon arrival at Dubai International Airport (DXB), Emirates and Emeralds LLC-FZ assumes full responsibility for:
Customs clearance
VAT compliance
Secure transportation via licensed logistics providers (e.g., Transguard, Brinks, G4S) to the designated refinery

5. Refining, Testing, and Payment

At the refinery, the gold will undergo assay, weighing, and refining.
A secondary invoice will be prepared with the seller’s acknowledgment, in the presence of a bank officer.
Payment is made within 3 working days by bank wire transfer directly to the seller’s account.

6. Long-Term Business Relations

Once a trusted business relationship is established, larger consignments can be arranged with SBLCs (Standby Letters of Credit) or other internationally recognized bank guarantees.

This framework safeguards both seller and buyer while ensuring compliance with UAE regulations, international AML standards, and OECD due diligence guidelines.

Emirates and Emeralds LLC-FZ

Advisory to Gold Sellers