| Subject: Re: LEASE BG/FRESH CUT BG/SBLC WITHOUT TRANSMISSION CHARGES |
Author:
ranvijay
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Date Posted: 00:48:31 01/05/14 Sun
In reply to:
ranvijay
's message, "LEASE BG/FRESH CUT BG/SBLC WITHOUT TRANSMISSION CHARGES" on 05:29:08 06/10/13 Mon
BANK INSTRUMENT DESCRIPTION
INSTRUMENT : BANK GUARANTEE, CASH BACKED, ICC 458 FORMAT
TYPE : OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED
TERM : ONE YEAR AND ONE DAY
ISSUING BANK : DEUTSCHE, BARCLAYS, BARCLAYS CREDIT SUISSE OR OTHER S&P RATED AAA WEB
CONTRACT AMOUNT : EURO 5B, WITH ROLLS AND EXTENSIONS OR LESS
FIRST TRANCHE : EURO 500M
SECOND TRANCHE AGREED BY BOTH PARTIES (REFER TO PROPOSED TRANCHE SCHEDULE)
CURRENCY : EUROS
FUNDING RATE : 40% + 2% COMMISSION
PAYMENT : SWIFT FEE FOLLOWED BY UNCONDITIONAL MT-103
DELIVERY MODE : SWIFT MT760 & ORIGINAL HARD COPY BY BANK BONDED COURIER
TRANSACTION PROCEDURES
1) PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH CLIENT INFORMATION SHEET, CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATION AND THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER.
2) AFTER COMPLETED DUE DELIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY B’S FULL BANKING COORDINATES AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS.
3) WITHIN TWO (2) BANKING DAYS AFTER THIS AGREEMENT SIGNED , Party B will issue a ICBPO VIA MT799{APPENDIX C} OF 40% FACE VALUE.
4) WITHIN TWO (2) BANKING DAYS PARTY B will PROVIDE A COPY OF REMITTED RECEIPT TO PARTY A FOR TRACING).
5) WITHIN THREE (3) BANKING DAYS AFTER RECEIVED ABOVE ICBPO , PARTY A SHOULD INSTRUCT HIS ISSUING BANK TO SEND TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT WITH FULL BANK RESPONSIBILITY, A PRE-ADVICE VIA SWIFT MT799 {APPENDIX B} STATING CAPABILITY OF DELIVERY OF THE BANK GUARANTEE BY SWIFT MT-760. (PARTY A SHALL PROVIDE A COPY OF SAID MT799 PRE-ADVICE TO PARTY B FOR TRACING)
6) WITHIN THREE (3) BANKING DAYS AFTER RECEIPT AND CONFIRMED THE ABOVE MT799 PRE-ADVICE, PARTY B’S PAYING BANK CONFIRM READINESS IS TO RECEIVE THE BG
7) WITHIN THREE (3) BANKING DAYS OF RECEIPT RWA FROM RECEIVER BANK, PARTY A’S ISSUING BANK THEN ISSUES AND SENDS THE BG VIA SWIFT MT760 {APPENDIX D} TO PARTY B‘S DESIGNATED BANK RECEIVING ACCOUNT. (PARTY A SHALL PROVIDE A COPY OF SAID MT-760 TO PARTY B FOR TRACING).
8) WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760 BG, PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED BANK ACCOUNT, AND THE SIMULTANEOUSLY PAYS 2% OF FACE VALUE OF EACH TRANCHE AS CONSULTANCY FEES/COMMISSIONS TO THE CONSULTANTS, AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT.
9) WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY A’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER.
10) ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURES OR AGREED BY BOTH PARTIES, UNTIL COLLATERAL OR FUNDS BECOME EXHAUSTED.
11) ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.
Please mail me to get Draft. i need only genuine fresh cut BG Buyer:
ranvijay83@gmail.com
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