Bank Cashier's Cheque PROCEDURES:

1. Both parties sign this Agreement with full bank coordinates, color copy of signatory‘s passport, and company Business Registration. Both parties lodge their agreement in respective bank which becomes a formal legally binding Contract between both parties. On both sides after signing this agreement becomes a legally binding agreement, both parties to their Banks and for the record.

2. After signing this agreement, Within 24-48 Banking hours, Buyer bank's officer will arrange via bank Email or Fax to issuing (seller) bank officer and confirm a window time with its bank officer Buyer’s bank Officer to contact Seller's Bank Officer by direct bank phone call.  During this bank-to-bank phone call, Buyer's Bank Officer will confirm that his client are Ready, Willing and Able to receive irrevocable Bank Cashier's Cheque (BCC) by SWIFT MT-110-202. Seller's bank officer will confirm his client readiness and financial capability to issue irrevocable Bank Cashier's Cheque by MT110-202 and it is callable at expiration date.

(A). Buyer's bank officer confirm and makes bank commitment that upon receipt and authenticate irrevocable Bank Cashier's Cheque and MT110-202 within five banking days make a payment. Further Confirm That These Funds Are Good, Clean, Cleared, Unencumbered And Legitimately Earned Funds Of Non-Criminal Origin And Freely Available.

(B). Seller's Bank confirm this Irrevocable Bank Cashier's Cheque is unconditionaly payable MT110-202 and is a Binding and Fully Performed Bill and is Callable upon Maturity Date of this Bank Cashier's Cheque. This Irrevocable, Divisible, Assignable, Transferable And Callable And An Operative Bank Instrument And Is Subject To The Uniform Custom And Practice For Documentary Credit In Accordance With The ICC, Paris France And Publication No.500. No.600. No.758.

 　　

3. After both side's bank officer confirmation to each other : Seller’s bank issue SWIFT MT110/202 to Receiver's Bank and send the copy of the MT110/202 copy to the Buyer immediately (email and XXXXX)

4. Upon receipt and verified of the Bank Cashier's Cheque and MT-110 -202 from Seller's bank. Buyer within 5 banking days pay to XX% of face amount value of Bank Cashier's Cheque and pay XX% of the face value of Bank Cashier Cheque to the intermediaries of both parties.

5. Upon received payment by buyer. Seller within 5 Banking days shall via bank to bank courier send Bank Cashier's Cheque orginal hard copy to buyer's Bank.

6. After the completion of the deal, the subsequent tranche shall be according to above agreed procedure from 2-5 step. Until the whole amount of contract will be exhaust.