BG SALES
SEASONED BG- NONE AVAILABLE AT THE MOMENT
FRESH CUT BG SEND A REQUEST FORM FOR THE LATEST OFFERS
PURCHASE 40+3 - OCTOBER 7TH -OT
Closing Procedures for the Transaction:
1. The Buyer submits this LOI with full Banking Coordinates, Corporate Profile (Client’s Information Sheet), Non Solicitation Letter, Board of Directors’ Resolution, Master Fee Protection Agreement and a clear large color copy of the Buyer Signatory’s passport.
2. Aftersuccessfulduediligence , The Seller signs this LOI providing Seller’s full Banking Coordinates and returns it to the Buyer within Five (5) working days. The LOI upon being signed by the Seller and returned by the Seller to the Buyer true seller’s register email shall then become a formal legally binding Agreement between both parties. Both parties shall lodge the LOI and IMFPA with their respective Banks within two (2) international banking days and the Seller issue corporate Invoice and send it to the Buyer by email .(Appendix 5)
3. Within two (2) international banking daysof the Buyer receive Corporate Invoice from the Seller, The Buyer’s bank issues conditional, irrevocable, divisible, assignable, transferable and callable ICBPO with total amount of Forty Two percent (42%) of BG’s face value to the Seller’s designated bank via SWIFT MT-799 (Appendix 6). Including commission to the respective consultants according to the Irrevocable Master Fee Protection Agreement (IMFPA Appendix12).
4. Upon verification and authentication of ICBPO SWIFT MT799 within two (2) international banking days,the Seller’s bank sends the bank guarantee (BG) to the Buyer’s designated bank via SWIFT MT-760 ( Appendix7).
5. Upon verification and authentication of Bank Guarantee SWIFT MT760, the Buyer’s bank shall release payment by SWIFT MT103 unconditional to Seller’s designated bank within three (3)international banking days ,including commission to the respective consultants according to the Irrevocable Master Fee Protection Agreement (IMFPA Appendix 12)
6. The hard copy of the bank guarantee is delivered to the Buyer’s bank within seven (7) banking days by bank-bonded courier.
7. The above procedures shall be repeated for subsequent tranches.
8. Simultaneously, the Seller’s Bank shall effect the payment to all the intermediaries according to the Master Fee Protection Agreement IMFPA without delay or withholding.
9. Any unauthorized calls by any party or its representative lawyers to probes or communication of the party’s bank(s) shall be prohibited without expressed written permission.