Common use of Withdrawal of physical gold Clause in Contracts

Withdrawal of physical gold. I. In case the Principal wishes to withdraw from the Account in the form of physical gold, he/she should contact the Bank's service units to agree on the specification and quantity of gold to be withdrawn. The Principal may collect the physical gold from the responsible service unit after seven business days. As a result of restrictions on transportation for offshore branches, the date of collection of spot gold shall be pursuant to the Bank's date of shipment and the Principal's actual collection date of spot goods may exceed seven (7) business days.