1. Lessor and Lesse execute, sign and initial this Deed of Agreement, which thereby automatically becomes a full recourse contract to be lodged by both parties for initiation of Swift Transmission.
2. Within three (3) banking days after both parties sign the Agreement, After the Due Diligence and DOA signed by both side the issuing bank account officer will issue RWA directly to your receiving bank account officer to confirm the authentic of the Swift and Transaction.
2. Within three (3) banking days after both parties sign the Agreement, After the Due Diligence and DOA signed by both side the issuing bank account officer will issue RWA directly to your receiving bank account officer to confirm the authentic of the Swift and Transaction.
3. Lessor will issue RWA via bank to bank secured email request Lesse readiness to receive non operative MT760 to be activated by Lesse 2% Performance bond so that it become operative. Upon Lesse response, the Lesse will make payment by direct wire transfer into the Lessor provided bank co-ordinates for the receiving of the bank Issuing transmission/administrative charges for the Pre-Advice via Swift MT799 or SBLC via Swift MT760 or both as the case maybe in the amount of Euro/USD XX 000.00.The Lessor will issue the non operative SWIFT MT760 and Lesse will activate the SBLC by issuing 2% performance bond. After 25 banking days and the leasing fees are not paid the Lessor will cash the 2% performance bond.4. Within two (2) banking days after confirmation of receipt of payment of the bank
transmission/administrative fees charges for the SBLC via Swift MT760 or Pre-Advice via Swift MT799 or both in Lessor bank account, the Lessor will deliver the Pre-Advice or SBLC via Bank to Bank confirmation of Swift MT799 or MT760 to the Lesse bank including the hard copy of the SBLC via bank bonded courier in Seven (7) banking days.
5. Lesse sends out Lease fees by Swift MT103 to the Lesse deducting the initially paid bank transmission/administrative fees and the brokers their commission fees 4%+2 % of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of SBLC by MT760 in the Lesse’s nominated account and SBLC hard copy in the Lessee’s nominated bank.
6. Should the Lesse not deduct the bank transmission/administrative charges from buying fees paid, the Lesse shall refund bank charges to Lesse by direct wire transfer within three (3) banking days upon payment of the Lesseing fees.
5. Lesse sends out Lease fees by Swift MT103 to the Lesse deducting the initially paid bank transmission/administrative fees and the brokers their commission fees 4%+2 % of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of SBLC by MT760 in the Lesse’s nominated account and SBLC hard copy in the Lessee’s nominated bank.
6. Should the Lesse not deduct the bank transmission/administrative charges from buying fees paid, the Lesse shall refund bank charges to Lesse by direct wire transfer within three (3) banking days upon payment of the Lesseing fees.
SCHEDULE OF PRINCIPAL BANK CHARGES TRANSMISSION/ADMINISTRATIVE FEES
BG/SBLC Face Value
(USD/EURO)
|
Bank Transmission/Administrative Fees
(USD/EURO)
|
1M – 20M
|
15,500.00
|
21M – 50M
|
18,100.00
|
51M – 100M
|
22,750.00
|
101M – 250M
|
25,440.00
|
251M – 500M
|
29,500.00
|
501M – 1B
|
35,000.00
|
1B and above (In Tranches of 500M each)
|
(100,000 for each tranches of 500M)
|
#Good