(Revised) BG-SBLC-MT799 First Procedure.pdf (Revised) BG-SBLC-MT799 First Procedure.pdf
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ADDITIONAL 2 PERCENT AGREEMENT.docx ADDITIONAL 2 PERCENT AGREEMENT.docx
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Purchase BG/SBLC

Lease BG/SBLC


40%+2%+2%

8%+2%+2%

1Receiver submits financial capability with self addressed RWA bank letter ONLY.,

2.After Due Diligence and acceptance of documents^ DQA is signed and completed in full by

Provider;

  1. Provider sends signed  DO   in PDF form-subject to acceptance;
  2. Providers Bank sends e Conditional Bank Pay Order (BPU / MT799 PAYMENT

UNDERTAKING (CONDITIONAL)) for 40% of Full Face Value of Bank Instrument + 4% {of Full Face

Value of Bank lnstrument-8%+4%) commission within 3 banking days.

(**2% is listed in DO A and 2% external FPA by separate BPU)

  1. SWIFT MT76Q will be issued to Receivers designated Account within 3 banking days after

Providers confirmation of the BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL).

Provider sends SWIFT copies of the IVT799 and MT760 to the Receiver.

CURRENT Self Addressed RWA For Clien

Bank Letter Head

(SAMPLE BANK CLEARANCE AND APPROVAL LETTER TO BE ADDRESSED TO THE CLIENT

BANK CAN USE THEIR OWN VERBIAGE BUT THE ESSENCE OF WHAT IS NEEDED HAS TO REMAIN)

Account Holder:.

Account Holders Address: .

We,        (Bank's Name, Address, City and Country)              , do hereby confirm that we are aware of your

transaction and our institution with full banking responsibility will respond to a confirmed SWIFT MT799 RWA

with a Bank Payment Undertaking via SWIFT MT-799 for the sum required in the contract within 3 banking

days of confirmed SWIFT MT799 RWA to us. We attach our approved verbiage / confirm have read and

approved the required verbiage as detailed in Annex "A" below.

We stand ready for your further instructions.

 

For and on Behalf of        ( Bank's Name)       ,

 

BANK OFFICER NAME:

TITLE:

TELEPNONE NUMBER:

 

 

 

If Buyer can explicitly work w i t h above procedure and issue bank letter in above format, we will advise LOI later, followed by DOA if client is acceptable.

 BG OR SBLC PROCEDURE SIMPLIFIED:
PROVIDER MOVES FIRST WITH MT799 RWA
IF YOU SEND FIRST BANK CLEARANCE LETTER by email
 

 

PROVIDER HAS SIMPLIFIED THE PROCEDURE. HE REQUIRES ONLY ONE DOCUMENT TO SEND YOU DOA AFTER CONDUCTING HIS DD ABOUT THE CLIENT WITH YOUR BANK CLEARANCE LETTER. IT DOES NOT REQUIRE ANY CONFIDENTIAL INFORMATION OR EVEN  FIGURE OF YOUR BG/SBLC FACE VALUE AMOUNT. IT ONLY WANT A PROMISE THAT YOUR BANK IS READY TO SEND PU AFTER RECEIVING MT799 RWA FROM THE PROVIDER.

  

 

Any Formal Bank letter is not required by the Provider now. He wants it later through  MT799. Now he wants a copy by mail, if the bank can issue such a Clearance Letter to its own client. If a bank cannot issue such a letter to its own client for any reason, how can it issue later to the Provider?
There is no banking law that prohibits any bank to issue such a letter to its own client.

This Letter is not required to be addressed to the Provider. It is to be addressed to the client by his own bank. It requires only 1 matters to confirm. It simply wants a promise by the client bank that when Provider will send MT799 RWA, your batnk will send Payment Undertaking by MT799 to get MT760 from us.

  

 

Please note that if you have any demands regarding information about the Provider and his Bank etc. these will be fulfilled later in his countersigned DOA at a later stage.

 
 
First Provider wants to conduct DD on the client to decide about sending MT799 First to him. He wants some information first with the help of Bank Letter, as he has to pay Transmission charges First by himself and take the risk of sending MT799 First to genuine clients only.
He will send complete LOI and later MT799 Pre-Advice, if client passes this premilinary test first. He wants to know client is genuine or not. Then he will do every thing.

Also please note that price has been revised for Lease as 8+2+2%. For Purchase, it will be 40+2+2. LOI wil be for An additional 2% IMFPA will be required in both cases.
 
 

 

  

 

 

Kind Regards,

Hussain Khan, M. A., Tokyo

Skype ID:hkhanjp

Business Websites: 

www.bg-sblc.com and http://pakmarineltd.com/

You can find out further information about me, about my  published articles, books, speeches and other writiings and speeches in Japanese, English and Urdu by putting my name, “HUSSAIN KHAN, TOKYO”, in Google, or YouTube or Amazon or Linkedin Search Engines 

http://www.dawahislamia.com/ 

http://www.dawahislamia.com/complete-para30-with-detailed-japanese-explanation.php 

 

 

FOLLOWING CONDITIONAL BANK CLEARANCE LETTER REQUIRED FIRST FROM CLIENT TO GET MT799 RWA FIRST FROM PROVIDER

CURRENT Self Addressed RWA For Client:

============ 

Bank Letter Head

 

(SAMPLE BANK CLEARANCE AND APPROVAL LETTER TO BE ADDRESSED TO THE CLIENT

BANK CAN USE THEIR OWN VERBIAGE BUT THE ESSENCE OF WHAT IS NEEDED HAS TO REMAIN)

  

Account Holder: .

Account Holders Address: .

 

We, ..... (Bank's Name, Address, City and Country) ....., do hereby confirm that we are aware of your transaction and our institution with full banking responsibility will respond to a confirmed SWIFT MT799 RWA with a Bank Payment Undertaking via SWIFT MT-799 for the sum required in the contract within 3 banking days of confirmed SWIFT MT799 RWA to us. We attach our approved verbiage / confirm have read and approved the required verbiage as detailed in Annex "A" below. We stand ready for your further instructions.

 

For and on Behalf of ..... ( Bank's Name) .....,

BANK OFFICER NAME:

TITLE:

TELEPNONE NUMBER:

 

===========

If Buyer can explicitly work with above procedure and issue bank letter in above format, we will advise LOI followed by DOA if client is acceptable.

 

SAMPLE “EXHIBIT A”

SAMPLE BPU / MT799 PAYMENT UNDERTAKING (CONDITIONAL)

(Text may vary in substance but the essential undertaking must be maintained)

 

FROM

BANK NAME: 

BANK ADDRESS:

BANK TEL:

BANK FAX:

BENK OFFICER NAME: 

SWIFT CODE: 

ACCOUNT NAME: 

ACCOUNT NO: 

TO

BANK NAME: 

BANK ADDRESS:

BANK TEL:

BANK FAX:

BENK OFFICER NAME: 

SWIFT CODE: 

ACCOUNT NAME: 

ACCOUNT NO:

 

TRANSACTION CODE:

BG/SBLC NO:

CURRENCY:

AMOUNT:

ISSUING DATE:

MATURITY DATE:

 

AT THE REQUEST OF OUR CLIENT: <RECIEVERS NAME> FOR THE BENEFIT OF: <SENDERS NAME>, WE, <BANK NAME>, HEREBY IRREVOCABLY CONFIRM THAT WE ARE PREPARED TO UNDERTAKE THE FOLLOWING:

 

1. TO RECEIVE, VIA SWIFT MT760 INTO OUR CLIENT’S ACCOUNT, <RECEIVERS ACCOUNT>CASH-BACKED, ASSIGNABLE, TRANSFERABLE, DIVISIBLE AND UNCONDITIONAL BANK GUARANTEE /STANDBY LETTER OF CREDIT (“XXXM USD/EURO”); AND,

 

  1. TO SWIFT TRANSFER A PRINCIPAL AMOUNT <38% OF VALUE OF BG/SBLC AMOUNT) XXXX MILLION EURO/USD PLUS 3% FEES FOR CONSULTANTS at respective accounts>WITHIN THREE (3) INTERNATIONAL BANKING DAYS TO THE BELOW-LISTED ACCOUNT AFTER SUCCESSFULLY RECEIVING AND AUTHENTICATING THE (“XXXM USD/EURO”); BANK GUARANTEE/STANDBY LETTER OF CREDIT DELIVERED VIA SWIFT MT760 TO OUR CLIENT’S ABOVE ACCOUNT.

 

BANK NAME:               

ACCOUNT NUMBER:    

ACCOUNT NAME:        

SWIFT CODE:              

WE, HEREBY CONFIRM THAT THE <(8% OF VALUE OF BG/SBLC AMOUNT) XXXX MILLION EURO/USD? ARE GOOD, CLEAN AND CLEARED FUNDS DERIVED FROM A LEGAL SOURCE.

 

For and on behalf of:

 ISSUING BANK

 ISSUING BANK ADDRESS

BANK OFFICER 1                                                                                                      BANK OFFICER 2

TITLE (PIN)                                                                                                              TITLE (PIN)