Finance / Banking (Sellers) Published date: April 13, 2019

DEAR SIR/MADAM

WE HAVE BG/SBLC FOR LEASING OR PURCHASING. OUR DESCRIPTION AND PROCEDURES ARE AS FOLLOWS:


DOA LEASING OF BG/SBLC
DESCRIPTION OF BANK INSTRUMENT
1 INSTRUMENT BANK GUARANTEE (BG) / STANDBY LETTER OF CREDIT (SBLC)CASH BACKED
2 TERM OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED
3 ISSUING BANK HSBC BANK / BARCLAYS BANK / DEUTSCHE BANK
4 AGE /CURRENCY ONE (1) YEAR AND ONE (1) DAY-FRESH CUT /EURO
5 LEASE FEE TEN PERCENT (10% OF PURCHASE) PLUS TWO PERCENT (2%)
6 INTERMEDIARY FEES 2% ON FACE VALUE (1% SELL SIDE & 1% BUY SIDE)
7 CONTRACT AMOUNT EURO ........ BILLION (€ ..,000,000,000.00) PLUS R&E
8 TRANCHES EURO FIVE HUNDRED MILLION (€ 500,000,000.00) UNTIL TOTAL CONTRACT
9 DELIVERY: DELIVERED BY ISSUING BANK, BANK PAYMENT UNDERTAKING (“BPU”) (EXHIBIT C) ISSUING BANK TO ISSUE MT-760 PROVIDER TO SEND SWIFT COPIES OF THE MT-799 AND MT-760 TO THE BENEFICIARY/LESSEE AS SOON AS THEY ARE SENT PAYMENT FOR THE BG/SBLC TO BE REMITTED WITHIN TEN (10) BANKING DAYS UPON VERIFICATION AND CONSOLIDATION OF THE MT-760. HARD COPY TO FOLLOW BY BANK BONDED COURIER WITHIN TEN (10) BANKING DAYS AFTER AUTHENTICATION OF PAYMENT
10 PAYMENT SWIFT MT103/202
11 HARD COPY BONDED COURIER WITHIN TEN BANKING DAYS.
12 PERIOD OF LEASE ONE YEAR AND ONE DAY (WITH POSSIBLE RENEWED ANNUALLY UP TO FIVE YEARS)


TRANSACTION PROCEDURE: LEASING
1. LESSEE PASSES THE DUE DILIGENCE WITH THE DOCUMENTS HE HAS SENT TO THE PROVIDER BEFORE THE SIGNING OF THE CONTRACT (CIS, CERTIFICATE OF INCORPORATION, BOARD RESOLUTION, ETC).

2. RECEIVING BANK WILL SEND SWIFT MT199 RWA (EXHIBIT D)WITH CREDIT LINEOR FINANCIAL CAPACITY TO PROVIDER’S COMPLIANCE BANK AND WILL SEND COPY OF THE SENT SWIFT MT199 SIGNED BY TWO BANK OFICERS BY BANK E-MAIL TO PROVIDER’S COMPLIANCE BANK E-MAIL WITH COURTESY COPY TO THE PROVIDERS E-MAIL

3. AFTER CONFIRMATION OF SWIFT MT199, PROVIDER SIGNS THE DOA AND RETURN TO LESSEE, WHICH THEREBY AUTOMATICALLY BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AFTER THE PROVIDER HAS ACCEPTED / COUNTERSIGNED THE RECEIVER’S APPLICATION.

4. WITHIN FIVE (5) BANKING DAYS, THE ISSUING BANK OF THE PROVIDER’S BANK WILL ISSUE AN MT-799 PRE-ADVICE (EXHIBIT A) TO RECEIVING BANK, CONFIRMING THAT THEY ARE READY, WILLING AND ABLE TO ISSUE AS PER THE FORMAT SET OUT IN EXHIBIT C. PROVIDER SENDS COPY OF THE MT-799 PRE-ADVICE TO THE BENEFICIARY/LESSEE WITHIN TWENTY-FOUR (24) BANKING HOURS.

5. WITHIN FIVE (5) BANKING DAYS, THE RECEIVING BANK WILL SEND BY SWIFT MT-799 THE BPU (EXHIBIT B) CONFIRMING RECEIPT AND ABILITY TO PAY THE TOTAL AMOUNT UP TO 12% (10% + 2%) OF THE TOTAL FACE THE INSTRUMENT WHICH WILL INCLUDE ALL CONSULTANCY FEES, TO THE PROVIDER’S BANK, AND SEND COURTESY COPY SWIFT MESSAGE TO THE PROVIDER WITHIN TWENTY-FOUR (24) BANKING HOURS.

6. WITHIN FIVE (5) BANKING DAYS OF PROVIDER RECEIVING MT799 BPU FROM THE RECEIVING BANK, ISSUING BANK SHALL ISSUE SWIFT MT-760 (EXHIBIT C) AND PROVIDER WILL SIMULTANEOUSLY ISSUE ITS CORPORATE INVOICE FOR THE SAME.

7. THE RECEIVING BANK WILL RECEIVE, CONFIRM AND VERIFY THE SWIFT MT-760 (BG/SBLC). THE BENEFICIARY/LESSEEWILL REMIT PAYMENT WITHIN TEN (10) BANKING DAYS TO THE PROVIDER’S DESIGNATED ACCOUNT(S) THE PURCHASE FEES AND THE CONSULTANCY FESS TO THE INTERMEDIARIES’ DESIGNATED ACCOUNT(S).

8. SHOULD THE BENEFICIARY/LESSEE DEFAULT IN PAYING THE LEASING FEES AND THE TRANSACTION FEES AS STIPULATED IN THIS DOA WITHIN THE STIPULATED TIME AFTER RECEIPT OF SWIFT MT-760, PROVIDER SHALL INSTRUCT THE ISSUING BANK TO PUT A CLAIM ON THE (BG/SBLC) THEREBY FORCING THE RECEIVING BANK TO RETURN THE SWIFT MT-760 (BG/SBLC) TO THE ISSUING BANK.

9. WITHIN TEN (10) BANKING DAYS AFTER RECEIPT OF ALL FEES INCLUDING THE CONSULTANCY FEES, THE HARD COPY OF THE (BG/SBLC) WILL BE SENT TO RECEIVING BANK BY BANK-BONDED COURIER

10. UPON SUCCESSFUL COMPLETION FIRST TRANCHE, AS MUTUALLY AGREED BY BOTH PARTIES, BEGINNING WITH PROCEDURE NEXT TRANCHES; PROVIDER WILL ISSUE SWIFT MT760 IN FAVOR OF BENEFICIARY ACCORDING THIS DOA

11. THIS DOA IS A FULL RECOURSE COMMERCIAL COMMITMENT GOVERNED BY THE LAW OF THE UNITED KINGDOM AND UNDER STANDARDS ICC REGULATION.

• Company Name: ADWENPA CONSULT

Send a message to this company

You need to log in or register to send a message to this company from the website.

         

NCNDA.org - Important information

• - This website is NOT associated with any user registered here!
• - Never pay anyone by Western Union, Moneygram, or another payment system.
• - Contact us about a user who sends scam offers. This account will be blocked.