Hedrick Gold - Test & Pay Procedures - Fargo Gold Refinery, Entebbe, Uganda
Last updated 10-Aug-2025
- Cash and carry - FOB, CIF only by special arrangement. BARS or NUGGETS are accepted
1. Seller will deliver GOLD DORE to Fargo Gold Refinery, Entebbe, Uganda, after 9am AND before 11am on the agreed upon date, or payment will be the following day.
Upon arrival, the seller is to take a sample consisting of a handful of nuggets or 1 bar (total weight NOT LESS than 500grams) into the refinery for pre-testing. If seller has requested a trial transaction, seller can bring the trial amount into the refinery for the pre-test. That gold will remain in the refinery to be smelted with the rest of the consignment for purchase. If the seller fails to bring in the rest of the consignment, the seller will be paid for the sample at the agreed upon contract price adjusted for purity as indicated in the contract.
2. After the sample is verified by the refinery as genuine gold of sufficient purity,
a. A crypto handshake can be performed if requested by seller, and
b. Buyer will instruct the refinery to issue the booking slip. After the booking slip is
issued, the seller is to bring the remainder of the gold consignment into
the refinery.
3. The refinery will test the product and issue an Assay Report to the buyer. Please allow about one (1) hour for the compiling of the test results and sending those to the buyer. The gold must test above 96.00% purity, or the price will be adjusted according to the table in Appendix A.
4. If the gold tested at 96.00% purity or above, a payment in USDT will be paid to seller's wallet in the amount owed per the terms of the contract. Cash payment is subject to pre-approval by the buyer and only available for smaller quantities. If seller requests physical cash payment, cash will be ordered after the final assay. Delivery time for the cash can be 15minutes to 1hour, perhaps slightly longer. If the seller attempts to remove the gold from the refinery before payment, Seller agrees that 500grams of the gold will be kept by the buyer as reimbursement for the booking and smelting fees, as well as compensation for the non-performance of the seller.
5. Buyer will pay brokers according to the terms of the contract.
Lord Scott Hedrick, Hedrick Gold, WhatsApp +1.919.443.5135