Kenya CIF Purchase Procedures

KENYA CIF Purchase  Procedures
*CIF Terms for Kenya Transactions*:   

The seller is responsible for Cost, Insurance, and Freight. The seller may provide gold equal to 10% of the total consignment as collateral for a loan from the buyer (separate from the main consignment). The seller then uses the monies lent to him to ship 100% of the primary consignment to Dubai. Alternatively, the consignment can be legally separated into distinct 10% collateral and 90% main portions.  Under either scenario, the collateral is returned to the seller after the transaction concludes in Dubai.

The collateral is tested at either:  

- *The Safari Park Gold Refinery (Amari)*, Kasarani, Nairobi, Kenya. Collateral is held in the Buyer's bank safety deposit box at Credit Bank (JOINT CUSTODY) OR Mitchell Cotts-Brinks (SINGLE CUSTODY)    

*OR*    

- *Maiyam Gold Refinery*, Nairobi, Kenya. Collateral is held at Maiyam Gold Refinery or Wells Fargo    

MySafe is NOT an acceptable location to keep collateral. *Collateral location is NOT NEGOTIABLE*. Seller pays for his own export costs to send the 90% gold to the buyer in Dubai using the funds loaned to him.   If the gold does not arrive as agreed, the collateral is forfeited.  

Updated: 20-May-2026
Kenya CIF Purchase Procedures
Scott Hedrick - American Gold Buyer, WhatsApp +1.919.443.5135
I am a Direct Buyer and I Represent MANY Other Direct Buyers in
Dubai, Ghana, Uganda, Kenya, & Zambia