You Need BG or SBLC ?

Closing Procedure:
 500MU$ at least POF 40M
1. Lessee signs this Agreement with full bank coordinates, and delivers the same together with a Client Information Sheet (CIS), and a scanned copy of Buyer’s account signatory passport (in JPEG format).
 
2. Lessee need to pass compliance which may take (48) banking hrs. Provider may contact the receiving bank to confirm that they will send MT799 after receipt of provider’s bank RWA email.
 
3. Provider shall counter sign this AGREEMENT with full banking, making this a binding AGREEMENT.
 
4. Provider shall accommodate open communication via email between SBLC issuing bank and SBLC receiving bank accepting appointed bank officers for clear assurance of bank been Ready, willing and able (RWA) of the BG.
 
 
5. Lessee’s Bank shall send a conditional Irrevocable Corporate Bank Pay Order (ICBPO) executed by 2 bank officers via MT799 within five (5) banking days of the Provider executing this Agreement.
 
 
6. Provider shall cause the issuance of BG via SWIFT MT760 to Lessee’s designated receiving bank coordinates within five (5) banking days after authenticating the MT799.
 
7. Upon complete verification and authentication of the SWIFT MT760 message, Lessee’s Paying Bank shall send the 12% FEE according to the ICBPO via MT103 within 5 banking days. In addition the Lessee shall pay any and all Consulting Fees (3%) according to the Irrevocable Master Fee Agreement within five banking days.
 
8. After confirmation of releasing the MT103, the Provider will deliver the hard copy of the BG to the Lessee’s bank via bank bonded courier within seven (7) banking days.
 
9. Lessee and Provider will agree on the following tranches after completion of first tranche
 
GENERAL PROVISIONS:
 
Bank to Bank communication (Between Provider’s Bank & Lessee’s Bank) is allowed to verify the documents etc. Any unauthorized bank calls, will result in the immediate cancellation of this transaction and subject the violating party responsible for damages.
 
This agreement is a full recourse commercial commitment governed by the laws of the jurisdictions in which both parties reside and standards under ICC Regulations.
 
The FORCE MAJEURE exception clause of the International Chamber of Commerce (I.C.C. Publication #421 2003) is hereby incorporated in and made an integral part of this document.
Rock
Skype ID:Rock9981
www.naaihg.com [email protected]