1. Receiver
submits Letter Of Intent (LOI) with full banking coordinates (there must be
sufficient cash funds in this account), Colour copy of Passport , Client
Information Sheet , Certificate of Incorporation (if applicable), Corporate
Resolution (if applicable), Non-Solicitation Statement, Irrevocable Fee
Protection Agreement.
2.
After conducting due diligence, the Issuer will countersign & seal
the LOI and return it to Receiver with the Issuer’s full banking coordinates.
3. Within 24 hours of receiving the signed
contract, the Receiver shall instruct the receiving bank to issue BCL/RWA
ACQUISITION OF FINANCIAL INSTRUMENT via MT 799 to the Issuer’s designated bank
for verification. (As per Appendix A)
4. Within 72 hours banking days upon
verification of the BCL/RWA ACQUISITION OF FINANCIAL INSTRUMENT MT799 on bank
to bank basis, Issuer will instruct the issuing bank to issue and deliver the
Bank Guarantee by MT760 to Receiver’s designated bank for verification and
authentication. (As per Appendix B)
5. Within 3 banking days upon verification
and authentication and validation of the Bank Guarantee on bank to bank basis, Receiver
bank will effect payment of issuing fee of 40% and 2% consultant fee to their
respective bank accounts as agreed herewith via MT103 Wire Transfer.
6. Within 7 banking days after receipt of
full payment of the issuing fees 40% and 2% commission to agents, the Issuer’s
bank will deliver the hard copy of the bank instrument to the Receiver's bank
by bank bonded courier.
7. Should Receiver fails to pay the 40% issuing
fees within allowed time stipulated in the agreement after confirmation of BG/SBLC
in Receiver’s bank account, Issuer will instruct the issuing bank to put a
claim on the bank instrument thereby forcing the Receiver's bank to return the
bank instrument BG/SBLC to the issuing bank.
8. Transaction is to continue as per agreed
tranche schedule. Any unauthorized bank calls, Probes or communications, or an
improper solicitation or disclosure involving any of the banks concerned in
this transaction will result in immediate cancellation of this transaction and
subject the violating party to damages.
Email:spz.resources@gmail.com
#38602
Email:spz.resources@gmail.com
#38602
Comments