We are one of a very small number of World Gold Council Chain of Supply Standard compliant exporters in East Africa able to export to countries with stringent compliance standards, such as Switzerland.
With the African raw gold industry having obtained a dubious reputation for reliability generally, and reports of low-integrity product having often made its way to jurisdictions with relatively low compliance standards such as the UAE, we are the obvious choice for refineries seeking to establish a long term relationship with a reliable seller.
We invite relationships with reputable refineries registered with the competent AML authorities in their country of operation, and with a demonstrable track record of imports. We do not require Standby Letters of Credit (instruments that are regularly monetised by criminals), deposits, royalty payments, or freight cost contributions in order to initiate trades.
Initial orders with new customers require no up-front payments and are hand-couriered at our expense direct to the buyer's country and are supplied with:
Our minimum order quantities are as follows:
We supply raw gold bullion in various forms, typically unhallmarked Doré bars.
All consignments are composition-analysed with X-ray fluorescence and specific-gravity testing by the Ministry of Mining and Petroleum at Madini House, Nairobi, for exports from Kenya, or by the Ministry of Energy and Minerals, for exports from Tanzania.
Payment of royalties, handling and packing costs, customs clearance within East Africa, and courier costs from East Africa to the refinery's country of operation are at Lewin's expense. Clearing costs and import tariffs, duties and taxes payable in the destination country - if applicable - are the buyer's expense.
Once cleared and transferred to the buyer's assay, 90% of anticipated product value must be paid immediately on receipt, with outstanding payment initiated within 24 hours of determining exact net metal value following assay report.
Lewin reserves the right to accompany all consignments in transit to the location at which product is assayed and transfer of ownership occurs.
Purchases of 1-2kg are hand couriered to buyer at Lewin's expense, with no demand for advance upfront payment.
Purchases of bullion in excess of 2kg are only possible once several smaller trades have been completed and a working relationship has been well established to the mutual satisfaction of buyer and seller. Purchases greater than 2kg will require advance payments.
Currently, Lewin's maximum monthly supply capability is approximately 24kg per month.
We sell at 99.5% of the LBMA buying rate on the day purchase is completed.