FRESHCUT SBLC AVAILABLE FOR PURCHASE ONLY - NO UPFRONT FEE/CHARGE/PAYMENT

FRESHCUT SBLC AVAILABLE FOR PURCHASE ONLY

NO UPFRONT FEE/CHARGE/PAYMENT

BANK INSTRUMENT PARTICULARS:

Instruments:	SBLC, ICC 758/600 FORMAT, CASH BACKED, ICC 600.
Age:	Fresh Cut
Interest Rate:	Zero Coupon
Term:	ONE YEAR ONE DAY-ICC600, OPERATIVE, IRREVOCABLE, UNCONDITIONAL, ASSIGNABLE, TRANSFERABLE, DIVISIBLE, Callable, CASH BACKED AND CONFIRMED
Currency:	USD
Bank Menu:	ABN AMRO Bank NV
Total Amount:	€/$ 5,000,000,000,,00 (FIVE BILLION EUR/USD) with R&E
Invoice Price:	Forty-Six (46%) Percent of the Face Value
Intermediary Fees:	Three Percent (3%) of Face Value payable by Buyer
First Tranche:	€/$500,000,000,00 (FIVE HUNDRED MILLION EUR/USD) with R&E
Subsequent tranches:	Second Tranche:  €/$500M (FIVE HUNDRED MILLION EUR/USD) Third Tranche:     €/$500M (FIVE HUNDRED MILLION EUR/USD) Fourth Tranche:   €/$500M (FIVE HUNDRED MILLION EUR/USD) Fifth Tranche:       €/$1B (ONE BILLION EUR/USD) with R&E Sixth Tranche:     €/$1B (ONE BILLION EUR/USD) As per agreed tranche schedule
Procedure with Delivery  Hard Copy	Pre-Advice SWIFT via MT-799, MT-760 to Buyer’s bank with Hard Copy to follow by bank bonded courier within five (5) banking days after authentication of payment. Payment: By unconditional SWIFT Wire Transfer – MT103
Payment:	Within 3 banking days after receipt and authentication of SWIFT MT-760, Buyer’s Bank will release payment to Seller’s Bank via SWIFT MT-103 in accordance with terms and conditions in Buyer’s SWIFT MT799

TRANSACTION PROCEDURE:

 
1.  The RECEIVER/ASSIGNEE SEND TO THE PROVIDER/ASSIGNOR THIS LOI/DOA SIGNED WITH ALL DOCUMENTS FOR DUE DILIGENCE AND COMPLIANCE (CIS, Certificate of Incorporation, Board Résolution.)

2.  WITHIN 48 HOURS PROVIDER/ASSIGNOR CONFIRMS and after DUE DILIGENCE, PROVIDER return THE SIGNED AGREEMENT TO THE RECEIVER/ASSIGNEE, which hereby automatically becomes a full recourse commercial contract  after the PROVIDER/ASSIGNOR has accepted /countersigned the RECEIVER/ASSIGNEE’s application.

3.  WITHIN THREE (3) banking days, Receiving Bank of the RECEIVER/ASSIGNEE will issue RWA WITH PROOF OF FUNDS/BCL VIA SECURED BANK E-MAIL TO THE DESIGNED BANK BY THE PROVIDER/ASSIGNOR & send COURTESY EMAIL copy to THE PROVIDER/ASSIGNOR within twenty-four (24) BANKING hours FOR RECORDS PURPOSE.
BANK: (PROVIDER/ASSIGNOR’S complaisance Bank)
BANK E-MAIL : ................@nl.abnamro.com 
BANK OFFICER : .....................

4.  WITHIN THREE (3) Banking days, The Issuing Bank of the PROVIDER/ASSIGNOR Will issue an READY, WILLING and ABL (RWA)/Pre-Advice via Bank to Bank confirmation of Swift MT799 to Receiver’s Bank. SWIFT copy should email to Receiver as evidence copy of the EMAIL RWA to the RECEIVER/ASSIGNEE within twenty-four (24) BANKING hours FOR RECORDS PURPOSE.  

5.  Within Two (2) banking days after Receiver’s bank receipt and confirms of the MT799 Pre-advice, Receiver’s bank will issue out the bank payment undertaking (BPU) via MT799 to Provider’s Bank (AS PER PROVIDER/ASSIGNOR'S VERBIAGE EXHIBIT C ) confirming READY CASH AMOUNT TO PAY the total amonts up to 49% (46% + 3%) of the total face the instrument which will include all Consultancy Fees & send COURTESY SWIFT copy to THE PROVIDER/ASSIGNOR RECORDS PURPOSE. PROVIDER with receiving bank coordinates for this BPU,

6.  Within Five (5) banking days of PROVIDER/ASSIGNOR receiving SWIFT MT799 bank payment undertaking (BPU) from the Receiving BANK, Issuing Bank shall issue SWIFT MT-760 (Exhibit D) & PROVIDER/ASSIGNOR will simultaneously issue its corporate invoice for the same.

7.  The Receiving Bank will receive, confirm and verify the SWIFT MT-760 SBLC. The RECEIVER/ASSIGNEE, within THREE (3) BANKING DAYS OF MT 760 RECEPTION, will RELEASE payement to the PROVIDER/ASSIGNOR’s designated account(s) the ASSIGNEMENT Fees and the Consultancy Fess to the Intermediaries’ designated account(s).

8.  Should the RECEIVER/ASSIGNEE default in paying the ASSIGNMENT Fees and the TRANSACTION Fees as stipulated in this DOA within the stipulated time after receipt of Swift MT-760, PROVIDER/ASSIGNOR shall instruct the Issuing Bank to put a claim on the SBLC there by forcing the Receiving Bank to return the Swift MT-760 SBLC to the Issuing Bank. 

9.  Within SEVEN (7) banking days after receipt of all fees including the Consultancy Fees, the hard copy of the SBLC will be sent to Receiving Bank by bank-bonded courier.

For inquiry, please contact us.
Email: impexal.intl@gmail.com