TRANSACTION PROCEDURE:

AIR MIO AG

Industriestrasse 21 6055 Alpnach Dorf , Switzerland
 
TRANSACTION PROCEDURE:

1.  Receiver issues a full intake package in English duly completed in all respects and signed with buyer’s full banking co-ordinates to include:

·         Letter of Intent/Contract (DOA)

·         Client Information Sheet (CIS)

·         Corporate Resolution

·         Non-Solicitation Statement (NS)

·         Non-Circumvention and Non-Disclosure Agreement

·         Receiver Signatory and Color Copy of Passport

·         Receiver Certificate of Incorporation (COI)

·         Receiver of letter of inclusively

·         Irrevocable Master Commission Protection

 2.    Within 3 banking days of this fully signed contract for Provider.

3.  Provider’s bank issues Swift MT799 pre-advice to receivers banking coordinates with all its confirmable references and receipts to receiver.

4.  Within two banking days after receipt and confirmation of MT799 pre-advice from the provider’s bank, Receiver pays the sum of 1% only via swift MT103 to provider’s bank. The receiver emails the copy of the swift MT103 payment receipt to provider for the reference.

5.  Within 48 hours after receipt confirmation of 1% Dollars from Receiver’s bank, Provider’s bank issues Standby Letter of Credit/ Bank Guarantee via Swift MT760 to Receivers receiving bank. For authentication, confirmation and verification and courtesy copy of the SBLC/BG will be sent to receiver by email.

6.  Within 5 banking days of confirmation and verification of the Swift MT760 Bank Guarantee, full payment as agreed is paid by the receiving bank via Swift MT103 wire transfer to the Providers bank account inclusive of commissions to the brokers.

7.  Within 5 banking days after confirmation of receipt of payment, the Provider will deliver the hard copy of the Bank Guarantee/SBLC MT760 to the Receiver bank via bank bonded courier.