RE : ISSUANCE OF SBLC VIA MT760 PROOF OF
FUND VIA MT799
As per above mention, we PARTY A, UOB
KAY HIAN CREDIT PTE LTD
and PARTY B, GLOBAL INFINITY INVESTMENT LTD herewith full legal corporate responsibility and
confirmation, agreed to enter a Business Corporation Agreement as per below :
1) PARTY A responsible for business transaction and arrangement.
2) PARTY B provides Bank credit facilities with value of United State
Dollars One Billion (USD$1B) to PARTY A for issuing MT799 PROOF OF FUND &
MT760 SBLC for one year one day with R&E.
3) PARTY A agrees to pay fees for the usage of the bank credit
facilities :
A.
PARTY A
pays a one time fees of United State Dollars ______ Thousand (USD$____) to
PARTY B for taking up the total United State Dollars Seven Hundred Million
(USD$700M) Bank credit facilities.
B.
PARTY A pay
a monthly fees of United State Dollars Ten Million (USD$10,000,000) to PARTY B
for 12months.
C. Guaranteed 2% Performance Bond will be paid by
the seller/refinery for every invoice.
TRANSACTION PROCEDURE :
1. PARTY A & B signed this agreement and execute immediately.
2. PARTY B send Free message MT199 to PARTY A receiving Bank UOB that
are ready, willing and
able to send swift MT799 (refer ANNEX A).
3. PARTY A receiving Bank UOB will issues Bank Payment Undertaking
(BPU) with value of United
State Dollars Fifty Thousand (USD$50,000) to
PARTY B issuer bank. The BPU is a bank guarantee
that once PARTY B issues MT799 Poof Of Fund to
UOB Singapore, the USD50,000 shall transfer to
PARTY B appointed account.
4. PARTY B Issues Seven Hundred Million (USD$700M) Proof Of Fund via
MT799 to UOB Singapore
and account beneficiary name UOB KAY HIAN CREDIT
PTE. LTD.
5. PARTY A received and confirmation of PARTY B Proof Of Fund MT799,
the USD$_______ shall
transfer to PARTY B appointed account within 2
banking days.
6. PARTY A will pay United State Dollars Ten Million (USD$10,000,000)
to PARTY B appointed account next following months onwards up to 12 months.
Payment shall be deposited in the first week of every month.
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