TRANSACTION PROCEDURE:
1. Seller and Buyer execute, sign and initial this DOA/LOI Deed of Agreement, which thereby automatically becomes a full commercial recourse contract to be lodged by both parties for initiation of Swift Transmission of PurchaseBG/SBLC
2. Within two (2) banking days after both parties sign the Agreement, Seller bank officer will issue an RWA by email and Recourse Undertaking duly endorsed by the Issuing Bank to the Buyer guarantying to they are ready and able to issue the face value fresh cut needed by the Buyer in transmission of SBLC/BG via Swift MT799 and Swift MT760 both. After due execution of the contract and in case of failure on the Seller’s side to fulfill the guarantees face value to the Buyer, that the Seller refunds completely any charges incure in addition to a penalty for failure of performance being 1% of the total face value of BG.
3. Within two (2) working days after the Buyer receives contract documents including the invoice and RWA confirmed from the Seller’s Bank, with acceptance to proceed, the Buyer will remit by direct wire transfer into the Seller’s provided bank coordinates for the receiving of the issuing Bank charges, transmission and principle swift fee, One-off fee for the SBLC/BG via Swift MT799 and Swift MT760 in the amount of xxxx.xx depending on the Face Value to be Purchased by Buyer EURO/USD XXX.
4. Within two (2) banking days after confirmation of remittance charges for the swift issuing bank fees, Provider/Seller immediately instructs issuing Bank to proceed with the delivery of BG/SBLC via Swift MT799 for BUYER followed by SWIFT MT760 via Bank to Bank transmission to the Buyer’s provided bank , followed by including the hard copy of the SBLC/BG via bank bonded courier in Seven (7) banking days.
5 Buyer sends out Selling price by Swift MT103 to the Seller deducting the initially paid bank issuing transmission swift fees and the brokers their commission fees xx%+2% of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of BG/SBLC by MT760 in the Buyer’s nominated account and SBLC/BG hard copy in the Buyer’s nominated bank.
email: info@gii-ltd.co.uk
code : iq-gwe
1. Seller and Buyer execute, sign and initial this DOA/LOI Deed of Agreement, which thereby automatically becomes a full commercial recourse contract to be lodged by both parties for initiation of Swift Transmission of PurchaseBG/SBLC
2. Within two (2) banking days after both parties sign the Agreement, Seller bank officer will issue an RWA by email and Recourse Undertaking duly endorsed by the Issuing Bank to the Buyer guarantying to they are ready and able to issue the face value fresh cut needed by the Buyer in transmission of SBLC/BG via Swift MT799 and Swift MT760 both. After due execution of the contract and in case of failure on the Seller’s side to fulfill the guarantees face value to the Buyer, that the Seller refunds completely any charges incure in addition to a penalty for failure of performance being 1% of the total face value of BG.
3. Within two (2) working days after the Buyer receives contract documents including the invoice and RWA confirmed from the Seller’s Bank, with acceptance to proceed, the Buyer will remit by direct wire transfer into the Seller’s provided bank coordinates for the receiving of the issuing Bank charges, transmission and principle swift fee, One-off fee for the SBLC/BG via Swift MT799 and Swift MT760 in the amount of xxxx.xx depending on the Face Value to be Purchased by Buyer EURO/USD XXX.
4. Within two (2) banking days after confirmation of remittance charges for the swift issuing bank fees, Provider/Seller immediately instructs issuing Bank to proceed with the delivery of BG/SBLC via Swift MT799 for BUYER followed by SWIFT MT760 via Bank to Bank transmission to the Buyer’s provided bank , followed by including the hard copy of the SBLC/BG via bank bonded courier in Seven (7) banking days.
5 Buyer sends out Selling price by Swift MT103 to the Seller deducting the initially paid bank issuing transmission swift fees and the brokers their commission fees xx%+2% of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of BG/SBLC by MT760 in the Buyer’s nominated account and SBLC/BG hard copy in the Buyer’s nominated bank.
email: info@gii-ltd.co.uk
code : iq-gwe
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