Lease SBLC
TRANSACTION PROCEDURE : 1) BOTH PARTIES (PROVIDER AND BENEFICIARY) EXECUTE, SIGN AND INITIATE THE DEED OF AGREEMENT, WHICH THEREBY AUTOMATICALLY BECOMES A FULL RECOURSE CONTRACT. 2) WITHIN TWENTY FOUR HOURS AFTER BOTH PARTIES SIGN THE AGREEMENT, BENEFICIARY SHALL CONFIRM DEPOSIT OF (2%) ON ESCROW WITH THE DESIGNATED LAWYER] AND RELEASED TO THE PROVIDER (PROVIDER) WITHIN 24 HOURS AFTER SATISFACTORY CONFIRMATION OF SBLC VIA SWIFT MT760 . 3) WITHIN 3 WORKING DAYS AFTER PROVIDER RECEIVES CONFIRMATION OF DEPOSIT 2% SECURITY DEPOSIT ON ESCROW, THE PROVIDER WILL DELIVER A PRE-ADVICE OF THE SENDING OF THE BG/SBLC VIA MT799 SWIFT CONFIRMATION TO THE BENEFICIARY BANK CO-ORDINATES. BENEFICIARY CONFIRMS THE MT799, PROVIDER DELIVERS THE BG/SBLC VIA MT760. 5) WITHIN 7 BANKING DAYS UPON THE CONFIRMATION AND AUTHENTICATION OF THE MT760, COMPLETE FEES MUST BE RELEASED TO PROVIDER’S DESIGNATED RECEIVING BANK ACCOUNT AND SEPARATE IMFP PRESENTED IN FEE AGREEMENT TO THE INTERMEDIARIES.