Sell SBLC/BG By Mido.Inc, UAE
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Sell SBLC/BG

Sell SBLC/BG

34 / Piece

|

Minimum Order

Localité:

England HSBC HQ

Prix de commande minimale:

Commande minimale:

500 Unit

Packaging Detail:

7 day banking Courier delivery

Delivery Time:

7

Supplying Ability:

5 Pack per Day

Payment Type:

Other

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Personne à contacter Mr. Mido

Dubai, Dubai

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Description

BANK INSTRUMENT DESCRIPTION:

 

NAME OF INSTRUMENTS      : Bank Guarantee (BG), cash-backed

ISSUING BANK                    : Credit Suisse AG (preferred), Deutsche Bank AG or HSBC Bank PLC

CURRENCY                        : Euro (€/EUR)

ISSUING TERM                    : One (1) Year and One (1) Day                                                               

INTEREST RATE                  : Zero Percent (0.*0%)

AGE                                 : New Issue / Fresh Cut

CONTRACT AMOUNT           : Fifty billion Euros (€*0,0*0,**0,**0), with R & E   

INVOICE PRICE                             : Thirty-Two Percent(*2%) of face value of BG + commissions

COMMISSIONS                    : Two Percent (2%) of face value of each and every BG transacted,                                      One Percent (1%) to each side, Buyer's Side and Seller's side, as                                        per the IMFPA attached herewith.

FIRST & TRANCHE              : Five Hundred Million Euros (€**0,**0,**0)

SUBSEQUENT TRANCHES      : As mutually agreed in the Schedule of Delivery

DENOMINATIONS                : Five Hundred Million Euros (€**0,**0,**0) each

PURCHASE MODE                :Funds first mode, or other if so agreed betweenBuyer and Seller

PAYMENT GUARANTEE        : By Irrevocable Conditional Bank Pay Order via SWIFT MT**9

MODE OF PAYMENT            : By unconditional SWIFTMT**3                                                                                      

MODE OF DELIVERY            : By SWIFTMT**0,withhard copyto followby bank secured courier

BENEFICIARY                     : As indicated in the Schedule of Delivery

                                                        

PROCEDURE:

 

1.      Buyer issues and delivers fully signed Agreement (this document), with full banking coordinates along with Client Information sheet, Board Resolution, Company's Certificate of Incorporation, copy of the Signatory's Passport and Irrevocable Master Fee Protection Agreement (IMFPA) which is an integral part of this Agreement.

 

2.       Seller, within Three (3) working days, accepts the Buyer’s RWA (this document), completes his banking, counter signs/seals and returns it back to Buyer which thereby automatically becomes a fully legal and commercial recourse contract/Agreement, which the Parties shall lodge (incl. IMFPA) with their respective banks, thereafter, the Seller will issue in his company letter headed signed and stamp Corporate Refund Recourse Undertaking and an invoice to the buyer guarantying to refund buyer all the cost incurred by buyer for the bank transmission charges to issue pre advice first if the seller bank fail to deliver mt**0 by swift

 

3.      Within 3 working days after the buyer receives Seller signed and sealed Corporate Refund Recourse undertaking with invoice, Buyer will make payment by wire transfer into sellers bank account for the bank transmission charge for the Pre advise SBLC MT**9 and followed by MT**0 swift transmission to buyers bank account. 

 

 

4.       Buyer, after verification and authentication of Seller's Bank SWIFT MT**9/MT**0, causes his bank to issue/send ICBPO MT-**9 (Annexure-B) to Seller’s designated bank coordinates covering the Invoice Price of the BG(s) to be delivered that is(are) payable Fourteen (*4) banking days after verification and authentication of the received BG(s) by SWIFT MT**0, which copy(ies) will also be send to the Seller via e-mail. 

 

5.      Seller, within Three (3) bank working days after

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To:

Mr. Mido < Mido.Inc >

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