Description of Instrument:

1. Instrument:  BG, LC, SBLC, FRESH CUT (FC), 100% CASH-BACKED, ON ICC FORMAT 458 OR 758 OR 600

2 (A). MinimumFace Value:: 25 Million to 50 Billion USD/Euro  in Tranches of 500 Million  USD/Euro each.

2. (B). Contract Amount: XXXXXXXX Million Euro/Dollar;

1st Trnache: XXXXXXXX Million Euro/Dollar; Euro/$xxx,000,000,

2 (C). Beneficiary:

3. Issuing Bank: HSBC Bank London, Barclays Bank, Credit Suisse, Zurich, Duetsch               Bank and other AA Rated Banks.

4. Age:  One Year and One Day

5. Leasing Price:9%+ 3% commission, making it 12% of the BG Face Value

6. Delivery: {Bank-To-Bank Swift}

7. Payment: MT103

8. Hard Copy: Bonded Courier Service {within three banking days}

TRANSACTION PROCEDURES

1) 

(A) LESSEE SUBMITS TO LESSOR THISSIGNED AGREEMENT,TOGETHER WITH CLIENT INFORMATION SHEET,CORPORATE BOARD RESOLUTION, NON-SOLICITATION LETTER, SIGNATORY'S PASSPORT COPY, CORPORATE REGISTRATIONANDTHEIRREVOCABLE MASTER FEE PROTECTION AGREEMENT. 

(B) LESSEE REMITS ESCROW DEPOST AS PER RATES BELOW IN EURO/$ TO LESSOR’S DESIGNATED ESCROW LAWYER AGENT ACCOUNT AND SENDS REMITTANCE SLIP TO PROVIDER.

ESCROW DEPOSIT FOR 25M TO 100M BG/SBLC: EURO/USD 150,000

ESCROW DEPOSIT FOR 101M TO 500M BG/SBLC: EURO/USD 200,000 

2)

AFTER CONFIRMATION OF REMITTANCE TO ESCROW LAWYER AND AFTER COMPLETING DUE DILIGENCE, LESSOR COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO LESSEE, ALONG WITH LESSOR’SFULL BANKING COORDINATES.

3)

 (A)  WITHIN THREE (3) BANKING DAYS AFTER ISSUING COUNTERSIGNED CONTRACT,LESSOR SHALL ARRANGE TO ISSUE THE REQUIRED PRE-ADVICE FROM THE PRIME BG-ISSUING BANK VIA SWIFT MT-799 (AS PER "APPENDIX B").

(B)   WITHIN THREE (3) BANKING DAYS AFTER RECEIVING PRE-ADVICE, LESSEE BANK SHALL SEND ICBPO (AS PER APPENDIX A) OR POF (BLOCKFUNDS) (AS PER APPENDIX B) OR PROMISSORY NOTE (AS PER APPENDIX C) THROUGH MT760, NOT BY MT799, AS PER APPENDIX (B) ASSURING PAYMENT OF BG COST 12% WITHIN 5 BANKING DAYS AFTER RECEIVING AND VERIFYING MT760 BG/SBLC SENT BY LESSOR SIDE.

(C)    CLIENT VERBIAGES OF MT760 BLOCKFUNDS OR ICBPO OR PROMISSORY NOTE ARE NOT ACCEPTABLE. ONLY OUR VERBIAGES AS GIVEN IN IN VARIOUS APPENDICES OF THIS DOA WILL BE ACCEPTABLE.

       (D) ANY ONE OF ALL THESE 3 PAYMENT DOCUMENTS, ICBPO, OR BLOCKFUND POF, OR PROMISSORY NOTE HAVE TO BE SENT BY MT760 FOR 90 DAYS VALIDITY, BUT VALIDITY WILL AUTOMATICALLY EXPIRE AT THE COMPLETION OF THE TRANSACTION, I.E. BY THE PAYMENT OF THE BG/SBLC COST, WHICH MAY BE ABOUT 7 TO 10 DAYS IN GENERAL. MOREOVER, THEY WILL ALL EXPIRE AUTOMATICALLY IF MT760 PRE-ADVICE BY THE ISSUING BANK IS NOT SENT WITHIN 7 OR 10 BANKING DAYS.

        (E) OR, IF LESSEE SO DESIRES, WITHIN (3) TO (5) DAYS AFTER THE COUNTERSIGNED CONTRACT LESSOR SHALL ARRANGE TO ISSUE MT760 SBLC FROM THE PRIME ISSUING BANK DIRECT TO LESSEE BANK WITHOUT ANY PRIOR MT799 PRE-ADVICE TO LET IT PAY SBLC COST 12% TO PROVIDER BANK WITHIN 5 BANKING DAYS. IN THIS CASE NO ICBPO OR POF OR PN WILL BE REQUIRED. 

4)

LESSOR’S ISSUING BANK THEN ISSUES THE BANK GUARANTEE (BG) VIA SWIFT MT-760 (AS PER "APPENDIX C") TO LESSEES DESIGNATED BANK RECEIVING ACCOUNT. LESSOR SHALL PROVIDE A SCANNED COLOR COPY OF SAID MT-760 TO LESSEE’S EMAIL ADDRESS FOR TRACING.

5)

WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVEMT-760BANK GUARANTEE (BG), LESSEE'SPAYING BANK SHALL RELEASE THE AGREED FUNDS TO LESSOR’S DESIGNATED BANK ACCOUNT, AND SIMULTANEOUSLY LESSEE PAYS DIRECTLY WIRE TRANSFER THROUGH THE RELEASE OF FUND VIA MT-103 FOR THE CONSULTING FEES TO EACHOF THE CONSULTANTS AS PER THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT ATTACHED HEREWITH AS PART OF THIS CONTRACT.

6)

WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, LESSOR’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO LESSEE’S DESIGNATED BANK RECEIVING ACCOUNT BY BANKBONDED COURIER. 

7)

ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR AN IMPROPER SOLICITATION ORDISCLOSURE INVOLVING ANY OF THE BANKS CONCERNED IN THIS TRANSACTION WILL RESULT IN IMMEDIATE CANCELLATION OF THIS TRANSACTION AND SUBJECT THE VIOLATING PARTY TO DAMAGES.

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OUR VERBIAGES.pdf OUR VERBIAGES.pdf
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