Skip to main content

sblc procedure



TRANSACTION PROCEDURE

1. Receiver submits Letter Of Intent
2. After dd,Provider will countersign the LOI and return it to Receiver including details of the SBLC Issuing bank, and Provider’s Passport copy.
3. Both parties open a joint account in HK,Receiver place 50K in the joint account,banking fees charges bear by receiver,after confirmation of 50k is in place,Provider within Two (2) banking days after this agreement being lodged with the banks,The Provider’s bank shall send SWIFT MT799 pre advice, Receiver upon receive MT799, released joint account fund in HK to pay for MT760 swift fees.
4. For Provider’s to proceed for MT 760,Receiver release MT760 swift fees and place 2% face value in the joint account, after confirmation of 2% is place in the joint account, Provider will SWIFT MT760 delivery of the SBLC to the designated receiving bank account coordinates of the BORROWER/RECEIVER.
5.After verified 2% face value is into joint account,Provider to swift MT760 to receiver,s bank account. MT760 (see verbiage exhibit A).
6. After received MT760 and authenticated, Receiver release the 2% of joint account to PROVIDER ACCOUNT and Balance of payment (9%+3%) payment within 5 days, with SELLER/ LESSOR corporate invoice for full payment. Lessee will also pay the of intermediaries fees.


 

Comments

Post a Comment

Popular posts from this blog

BG/SBLC LEASE 12+3

Transaction Procedure. 1. Lessee Submits DOA, LOI, CIS, PASSPORT, Current dated Bank Comfort Letter, Copy of    Certificate of Incorporation and Bank Details. 2. Provider will conduct Due Diligence and upon successful Due Diligence the DOA will be     signed/counter signed between lessor and the lessee . 3. The Lessor will then send MT799 pre advice. 4. The Lessee’s bank replies with RWA / ICBPO or payment guarantee of 12+3 % and the     transmission fees, payable in 5-7 business days after MT760 receipt . 5. The lessor’s Bank will then send the MT760 to Lessee’s bank 6. Lessee’s bank does MT103 wire transfer to Lessor’s designated bank accounts within 5-7     business days after MT760 swift receipt After Successful Due diligence, Lessor countersigns the LOI. The Signed LOI becomes a Legal binding Commercial Contract (agreement) between the parties. Both parties shall lodge the agreement in their respectiv...
151 comments
Read more

BG/SBLC -SELLER STARTS WITH PRE ADVICE

ONLY THE BUYER OR HIS REP TO RESPONDS . OTHERS EXCUSE.0.25% OPEN FOR BUYER REP. Rate :43+2 Procedure : 1. Contract. 2.Seller Bank sends RWA Email. 3 .Buyer Bank responds with RWA email. 4 .Seller Bank Sends MT 799 Pre Advice. 5 .Buyer Bank Sends MT 799 Payment Undertaking. 6. Seller Bank sends MT 760. 7. Buyer Bank Makes MT 103. 8 .Hard Copy follows. Few points : buyer bank and loc-Top-Bank Preferred. Seller wants buyer is the receiver, not a funder Buyer should have real fund and credit approved by its bank.No Shell company. Seller won't expect you get the BG as collateral to ask for the loan from funder and then pay back the seller. Chinese Banks are not accepted for 43+2 offer. There is another Contract with 45+2 .This is also Pre Advice First Procedure .45+2 Offer accepts Chinese Banks.Small Contract of 300M can be done for 45+2 Contract. After that Large Contract of 50B can be signed. email : spz.resources@gmail.com
57 comments
Read more