Lease SBLC

1. Lessee submits signed letter of intent , together with International passport scanned copy, full text of MT799 & MT760 verbiages, Lessee and Beneficiary‘s bank details, CIS, and Corporate Registration Copy.

2. Provider countersigns Agreement along with issuing bank’s full banking coordinates.

 3. This LOI automatically becomes a full recourse contract and will be notarized to avoid contract breach and Lessee will be required to take care of notarization expenses of the contract documents here in UK. After notarization of the contract documents here in the UK, both parties shall lodge the executed contract with their respective Banks.

 4. The Lessor’s bank issues Pre-advice by SWIFT MT199 or MT-799 to Lessee Beneficiary’s nominated bank within 3 banking days. Simultaneously a copy of the Pre-advice by SWIFT MT199 or MT-799 will be sent to the Lessee via email.

 5. Within 3 banking days issuance of Pre-advice by SWIFT MT199 or MT-799 and upon successful authentication, the Lessee’s Beneficiary bank replies to the Provider/Issuing Bank via MT799 confirming readiness to receive the BG/SBLC via SWIFT MT 760. Simultaneously a copy of the ‘readiness to receive’ by SWIFT MT799 will be sent to the Provider via email.

 6. Successive to the Lessee’s Beneficiary Bank reply confirming readiness to receive the BG/SBLC via MT760, Issuing Bank shall within 3 banking days deliver the bank instrument (BG/SBLC) via SWIFT M760 to Lessee’s Beneficiary‘s nominated bank.

 7. Within 15-21 banking days Upon receipt of the SWIFT MT760 BG/SBLC and upon successful authentication and final confirmation by the Lessee Beneficiary‘s nominated bank, Lessee agrees to pay by SWIFT MT103 wire transfer the total BG/SBLC Lease cost of 6%+2% of face value to the nominated banks accounts of Provider and facilitators.