Since 2010, Odogwu Finance and Gold Mines has worked in Kenya's gold industry, helping clients navigate the commercial, documentation, verification, and logistics requirements around gold transactions.
Gold from the Democratic Republic of the Congo and Sudan can arrive in Nairobi for assessment, sale, brokerage, and onward global distribution. Each transaction must be handled through lawful channels with responsible sourcing controls, sanctions screening, appropriate licensing, and independent verification.
Gold Services Built Around Verification
Our role is to coordinate the right people and checkpoints around a transaction. Depending on the mandate, this can include seller and buyer introductions, commercial negotiation, independent assay or testing arrangements, documentation review, secure logistics, and storage facilitation.
Gold Trade Services & Advisory Mandates
- Brokerage and structured buyer-seller introductions.
- Independent testing, assay, inspection, and verification coordination.
- Secure storage and controlled logistics facilitation in Nairobi.
- Seller, buyer, refinery, insurer, customs, and security-provider coordination.
- Commercial advisory for global distribution and transaction readiness.
CIF 2020 Transaction Support
For international trades agreed on a CIF 2020 basis, we help parties clarify the commercial workflow around delivery, insurance, inspection, title transfer, payment milestones, and supporting documents. The exact obligations remain those written into the signed contract and applicable law.
Odogwu Finance and Gold Mines coordinates with licensed laboratories, refineries, customs professionals, insurers, storage providers, and security agencies where required. BRICS-market and security stakeholders are engaged through appropriate, documented, and licensed channels.
A Controlled Route From Source to Market
1. Mandate and compliance review
We establish the parties, origin, ownership evidence, licensing position, intended route, product specifications, and required compliance checks before introductions or logistics are arranged.
2. Testing and commercial alignment
Independent testing, inspection, pricing, volumes, settlement terms, insurance, and delivery responsibilities are coordinated so both sides understand the proposed transaction.
3. Secure custody and distribution
Where the mandate proceeds, we facilitate vetted storage, security, logistics, refinery, customs, and insurance relationships appropriate to the route and agreed contract.
SPA
The Sale and Purchase Agreement (SPA) procedure represents the primary, legally binding bilateral treaty entered into directly between the principal seller and qualified buyer. Under the SPA, full commercial specifications (minimum 96.0% rough doré or 99.5%+ fine gold bullion), hallmark provenance, delivery schedules (CIF Nairobi or Destination Refinery), and banking guarantees are formally locked into place prior to physical commodity transit.
- Bilateral Contract Execution: Comprehensive KYC/AML verification, corporate authorization, and mutual signing with formal legal attestation.
- Banking Instrument Alignment: Activation of agreed financial structure, such as MT103/72 conditional payment, blocked funds, or irrevocable Escrow.
- Independent Laboratory Assay: Purity and weight verification conducted at licensed government assay laboratories or accredited private refineries.
- Title Transfer & Settlement: Release of export documentation, certificate of origin, customs seals, and instantaneous title handover upon final assay payment.
FCO
The Full Corporate Offer (FCO) procedure initiates structured transactions through an official, corporate-sealed proposal issued by the seller or certified legal mandate. The FCO outlines the precise commercial terms of sale, including available tranche volume (e.g. 50kg trial to 500kg+ monthly tranches), discount percentages tied to the LBMA Second Fixing, origin declarations (Kenya, DRC, Sudan), delivery conditions, and validity timeframe.
- Official Seller Mandate Tender: Issuance of authenticated FCO detailing purity specifications, pricing formula, and logistics baseline.
- Buyer Response via ICPO & BCL: Buyer countersigns FCO and submits an Irrevocable Corporate Purchase Order (ICPO) supported by verifiable Bank Comfort Letter (BCL).
- Due Diligence & Tranche Calibration: Direct verification of banking channels, customs clearance agents, and insured Nairobi transit escorts.
- Seamless Transition to Definitive SPA: Mutual acceptance of the FCO immediately triggers generation of the finalized contract.
Additional Procedure
The Additional Procedure is tailored for non-standard transactions, institutional buyer mandates with specialized compliance criteria, or clients seeking stepped physical verification. This protocol accommodates on-site bonded vault inspections in Nairobi, initial trial tranches (e.g. 5kg to 25kg sample shipments), private tripartite escrow accounts, and multi-phased deliveries under CIF 2020 international freight rules.
- Bespoke Mandate Calibration: Custom delivery covenants, insurance riders, and multi-stage compliance checkpoints configured to buyer governance.
- Bonded Vault Inspection & Test: Gold secured within licensed, dual-key bonded storage in Nairobi for authorized visual review and preliminary fire-assay.
- Trial Tranche Protocols: Phased test delivery options enabling counter-parties to validate supply chains before executing full multi-ton schedules.
- Tiered Escrow & Sovereign Transit: Flexible tranche-based financial settlement, diplomatic/bonded transport, and all-risk transit insurance.
Discuss a Gold Trade Mandate
Book a confidential consultation to discuss sourcing, testing, brokerage, secure storage, or global distribution requirements.