DGSM-licensed · ICGLR conflict-free · 85–95% purity Doré · CIF delivery to Dubai, Zurich & London · Post-assay settlement · 7–8 days mine to market.
Corvex Logistics Ltd is a DGSM-licensed Uganda gold dealer founded in Kampala in 2021. We have exported 38,000+ tonnes of conflict-free minerals with zero consignment losses. We hold active ITSCI chain-of-custody certification and ICGLR Regional Certification Mechanism compliance for all 3TG minerals. Gold Doré is sourced at 85–95% purity from licensed mine sites in Karamoja, Busia, Kabale, and Buhweju, transported under armed convoy to our bonded vault, and delivered CIF to Dubai, Zurich, or London within 7–8 days. Every shipment is accompanied by a DGSM export permit, ICGLR serialised conflict-free certificate, and third-party XRF assay report. Pricing is 4–7% below the LBMA AM fix with post-assay settlement at the destination refinery.
Uganda sits above a geologically rich gold belt stretching across Karamoja, Busia, Buhweju, and Kabale — producing artisanal and small-scale gold across purity grades of 85% to 95%. What separates Ugandan gold from other African origins is not just the grade. It is the compliance infrastructure built around it.
Corvex Logistics is a DGSM-licensed, ITSCI-certified, ICGLR-compliant gold dealer operating from Kampala. We source directly from licensed mine sites with full chain-of-custody documentation, transport under armed convoy to our bonded vault, and deliver CIF to Dubai, Zurich, or London within 7–8 days of mine-gate collection. Every gram leaves Uganda with a serialised ICGLR certificate, a DGSM export permit, and a third-party XRF assay report.
This guide covers everything an institutional buyer needs to know: gold specifications, required documentation, the complete supply chain timeline, trade execution protocol, and pricing structure.
All zones DGSM-licensed. All material ITSCI-tagged at mine gate. XRF assay conducted in Kampala vault; fire assay at destination refinery for final settlement.
All prepared and filed by Corvex Logistics on your behalf. Your buyer receives the complete pack simultaneously with physical delivery — ready for institutional due diligence on first submission.
Every step documented, insured, and GPS-tracked. Chain of custody initiated at mine site — not at the Kampala vault.
Armoured convoy dispatched to licensed mine site. Independent UNBS verification on-site. ITSCI chain-of-custody tags applied. Digital chain-of-custody ledger initiated at point of collection. Minerals sealed and GPS-tracked to Kampala vault.
Primary XRF assay at DGSM-accredited independent laboratory. Provisional weight and purity confirmed. Mineral consolidation and secure vaulting at G4S/Brinks-affiliated licensed bonded facility. Buyer notified of provisional assay results.
URA customs declaration (SAD/ASYCUDA World), DGSM export permit, ICGLR serialised certificate, and Bank of Uganda CD4 forex repatriation form processed simultaneously. Corvex Logistics clears in 48 hours on standing permit — no URA counter queues.
Armoured ground transfer from bonded vault to Entebbe International Airport cargo terminal. Loaded onto Emirates or Qatar Airways under full liability insurance. Airway bill issued; buyer and destination refinery notified with tracking details.
CIF delivery to Dubai (DMCC), Zurich, or London. Final fire assay conducted at destination refinery by buyer-mandated or independently appointed assayer (ALS, SGS, Alex Stewart). Settlement confirmed within 48 hours of fire assay result.
Complete documentation package delivered simultaneously with physical goods: DGSM export permit, ICGLR serialised certificate, XRF provisional assay, URA customs clearance, airway bill, and insurance certificate. Institutional due diligence-ready on arrival.
Structured for institutional buyers. No upfront cash payments. LBMA-referenced pricing with post-assay final settlement.
SPA executed with LBMA-referenced spot pricing formula, volume and purity tolerance levels, delivery terms (CIF or FOB Entebbe), and dispute jurisdiction (UK or Swiss law available). Pricing discount: 4–7% below LBMA spot, with fixed formulaic rates for institutional off-takers exceeding 50 kg/month.
Buyer issues an irrevocable financial instrument from a top-50 prime bank verifying proof of funds. No upfront cash required. Escrow arrangements are also available for bilateral comfort. All financial instruments are vetted against global AML/CFT sanctions lists before any transaction proceeds.
Provisional XRF assay in Kampala determines shipment weight and purity for SPA tolerance verification. Final fire assay conducted at destination refinery — buyers may mandate their own internationally recognised assayer (ALS, SGS, Alex Stewart). Settlement confirmed within 48 hours of fire assay result.
Corvex Logistics gold passes institutional due diligence on first submission. Every framework your compliance team requires is covered before the airway bill is issued.
Uganda gold Doré is priced at a discount to the LBMA spot price, typically 4–7% below spot depending on purity grade and monthly volume. Institutional off-takers exceeding 50 kg/month receive fixed formulaic discounts agreed in the SPA. Final settlement price is based on the fire assay result at the destination refinery.
Uganda gold Doré ranges from 85% to 95% purity (approximately 20–23 karat) depending on the extraction zone. Karamoja alluvial gold averages 90–95%, while hard-rock Kabale and Kisoro material typically grades 85–92%. All gold is XRF-assayed in Kampala before shipment and fire-assayed at the destination refinery for final settlement.
Yes. Buyers may mandate their own internationally recognised assayers — including ALS, SGS, or Alex Stewart International — for verification at the Kampala vault prior to shipment. Final settlement is always based on fire assay conducted at the destination refinery.
Corvex Logistics accepts all standard international gold trade payment methods. Choose the option that best suits your transaction size, risk tolerance, and relationship history. If unsure, consult your bank's trade finance department before proceeding.
1. Bank Wire Transfer (SWIFT) — Most Common
Standard method for international gold trade. Buyer and seller sign a sales agreement; gold is inspected and verified; seller issues an invoice; buyer sends payment via SWIFT; seller ships after payment or per agreed terms.
2. Letter of Credit (LC)
A bank guarantees payment once the seller provides the required shipping and export documents. Reduces risk for both parties — common in international commodity trading and ideal for large transactions or new trading relationships. Typical documents required: commercial invoice, packing list, export permit, Certificate of Origin, assay report, Air Waybill or Bill of Lading, and insurance certificate.
3. Standby Letter of Credit (SBLC)
An SBLC acts as a payment guarantee — if the buyer fails to pay, the seller can claim payment from the issuing bank subject to the SBLC terms. Commonly used for ongoing supply contracts and large monthly deliveries.
4. Documentary Collection
Banks exchange shipping documents against payment or acceptance of a draft, but the bank does not guarantee payment. Less secure than an LC but cheaper — suitable for established relationships.
5. Escrow Services
A neutral third party holds the buyer's funds until all agreed conditions are met. Protects both buyer and seller — particularly useful when parties are unfamiliar with each other. Must be conducted through a reputable, regulated escrow provider.
6. Cash Against Documents (CAD)
The buyer pays when shipping documents are presented through the banking system. Common for trusted business relationships where both parties have an established track record.
7. Open Account
The seller ships first and the buyer pays later per agreed terms. Usually reserved for long-term partners as it places the majority of risk on the seller.
8. Payment Against Assay
Frequently used in gold trading. Gold is delivered to an approved refinery; the refinery performs an assay to determine purity and weight; final payment is calculated based on assay results and the agreed pricing formula. This is Corvex Logistics's preferred settlement method for institutional buyers — it eliminates purity dispute risk for both parties.
9. USDT (Tether) — Stablecoin Settlement
Corvex Logistics accepts USDT (Tether USD) as a settlement currency for gold transactions. USDT offers instant cross-border transfer with no correspondent banking delays, making it particularly suitable for buyers in jurisdictions where SWIFT transactions are slow or expensive. Settlement is pegged 1:1 to USD, eliminating FX volatility. Accepted on TRC-20 (Tron) and ERC-20 (Ethereum) networks. KYC/AML verification of the sending wallet address is required before any USDT transaction is confirmed.
Jurisdiction note: The regulatory status of stablecoin payments varies by jurisdiction. UK buyers should note FCA guidance on cryptoasset financial promotions. Swiss buyers should refer to FINMA's position on stablecoin settlement. EU buyers should note MiCA regulations. Institutional buyers are advised to confirm stablecoin settlement compliance with their own legal and compliance teams before proceeding.
All payment methods accepted by Corvex Logistics are vetted against global AML/CFT sanctions lists (OFAC, UN, EU) before any transaction proceeds.
Yes. Every Corvex Logistics gold shipment carries a serialised ICGLR Regional Certification Mechanism certificate issued by Uganda's Ministry of Energy and Mineral Development confirming conflict-free status. Corvex Logistics is also ITSCI chain-of-custody certified and OECD 5th Edition Due Diligence compliant. No procurement from undocumented diggers, embargoed zones, or conflict areas.
Uganda imposes an export levy of approximately $200 per kilogram on unprocessed gold Doré. This is paid to DGSM as part of the royalty clearance process and is reflected in the transaction pricing. Fully processed or refined gold may attract different levy structures — contact our trade desk for current rates.
Our Kampala trade desk handles institutional gold enquiries directly. Tell us your target volume, purity preference, and delivery destination — we respond within one business day.