WANTED: BG/SBLC FOR PURCHASE

RFQ Details

On the BG
BG or for USA, SBLC

Amount FV preferred is 50 to 500M contract with one tranche if possible
In some cases, we CAN do more but for the most part the above is the goal.

This is for a cookie cutter for projects and so WILL BE OFTEN REPEATED.
The pricing needs to be 50% or better.

It works best with our funders if the instrument is sent directly to them without POF
however, they will respond to a 799 pre advise and most prefer it.

Some will issue ICBPO 799 but all will pay within 2 to 5 Banking days after receipt, confirmation
and acceptance.

In cases where there should be a need for payment of the wire fees, then the Buyer
group has agreed to the following:

Wire fees: 799 preadvise and 760 delivery of BG or SBLC

1. Seller provides a corporate but issuing Bank endorsed refund undertaking for return of
wire fees if the instrument is not delivered. Endorsement needs to be verifiable.
OR
2. Buyer provides wire fees re a detailed invoice from Seller, payment of wire fees is sent
to issuing Bank via 799 ICBPO.
OR
3. Issuing Bank itself provides invoice for wire fees (preferably with refund undertaking)
OR
4. Escrow of wire fees at the Seller's issuing or at the Buyer's Bank.

Payment within 5 to 7 Banking days after receipt and confirmation of the instrument Hard copy to follow payment
Issuing Bank needs to be major European or HSBC