Madnox handles all aspects of trading transactions from A to Z. We ensure that all the proper due-diligence is done correctly and in a timely manner in order to protect both buyers and suppliers. If a red flag is raised for any reason, the transaction will stall, threatening the capital and the commodities.
Homeland Security and other international agencies are rightfully very concerned with where the money and the stones for these large scale transactions come from, and Madnox, will only transact with suppliers of Rough Diamonds able to produce KPC’s and full legal documentation to show that their products are of non-criminal origins and non-terrorist origins. We check all KPC’s through the US Department of Homeland Security.
Do you already have a source for your Rough Diamonds in place? Let Madnox Trade Desk handle your trading transactions smoothly so you can focus on what you do best, making money!
Pure Whites Only, No Industrial Diamonds, No Fluorescents
TTM: To be agreed between Buyer and Seller at Brinks.
Quantity: As per seller’s Manifest (unlimited)
1. The Seller Submits a signed, CERTIFIED and stamped manifest on his letterhead addressed to Madnox Trade Desk. Seller includes Safe Keeping Receipt which can be verified, and clear and detailed pictures of the entire parcel on top of the SKR, with a sign stating “MADNOX VD & DATE”. Seller must also provide a clear copy of their passport and copy of their export license.
2. If Seller pays for KPC’s and Security Transport to Buyer CIF destination, Buyer will send a Security Team on the ground for and Gemologist for inspection, TTM inspection takes place at Buyer’s destination (Brinks Johannesburg) and payment is made by MT103, than title changes hands.
Rough Diamonds are Shipped to Brinks or Malca at Buyer’s CIF Destination.
The following Documents must be included:
A. Four originals of Commercial Invoices in favor of the Buyer.
B. Certificate of Origin.
C. Certificate of Ownership.
D. Certificate of Intent to Export Permit with all Taxes and Fees Paid.
E. Official declaration that the products are free and clear and of all non
criminal origin, unencumbered and free of any liens, and no association to any
terrorist activities, and free to be transferred from Seller to Buyer.
F. Manifest: numbers of Carats per parcel with full description of the stones
G. Airway Bill with prepaid shipping, with numbers of sealed parcels.
H. Certificate of Intent to Transfer Title from Seller to Buyer.
I. Certificate of Insurance from departure port to buyer’s destination.
J. Kimberly Processing Certificates for each and every parcel, for every shipment.
5. Parcel(s) will be unsealed at Brinks or Malca at Buyer’s CIF destination in the presence of the Buyer’s Gemologist and Seller or Seller’s Signatory.
The Seller authorizes the security company to export the parcel to the Buyer.
At destination, Buyer and Seller open the parcel in the secure premises of the security company and authenticate the parcel as the original and correct parcel.
Based on the result of the authentication, the parcel is accepted:
Buyer signs Commercial Invoice and “Authentication Report” for the Buyer to activate the payment to the Seller, Similarly the Buyer will submit copies of all the relevant documentation signed over to him for submitting to his bank to confirm the release of the payment to the Seller.
In the event the parcel is not the original and correct parcel and the parcel is different of more than 5% than the manifest agreed, the price will be adjusted.
The security company transfers the originals of the SKR, KPC and export documentation to the Buyer, thus effectively and legally transferring ownership of the parcel to the Buyer.
6. Deal is closed, both parties can enter into a long term contract and increase quantities if available.
BUYER RESERVES THE RIGHT TO REFUSE PARCELS FROM CERTAIN COUNTRIES, AND WILL ONLY DEPLOY SECURITY TO COUNTRIES WHERE BUYER FEELS COMFORTABLE AND FAMILIAR WITH DURING THEIR NEXT PLAN TRIP TO THAT SPECIFIC COUNTRY.
If any Brokers are involved, we will only transact directly with the Seller of the Stones, no exceptions, no brokers are ever invited to the TTM/Viewing.
CALL +-754-250-9100 TO OFFER A PARCEL IN JOHANNESBURG OR EMAIL VINCE@MADNOX.COM