PLEASE SEND AN INQUIRY TO RECEIVE THE LOI/MOA FOR EACH CREDIT ENHANCEMENT OPTION.
BG/SBLC NEW LEASE OPTION; AVAILABLE ONLY FOR A SHORT TIME
OPTION ONE' [oo/bjm- VERY FRIENDLY PROCEDURES
BANK INSTRUMENT DESCRIPTION
INSTRUMENT : BANK GUARANTEE/SBLC, CASH BACKED, ICC 458 FORMAT
TYPE : OPERATIVE, IRREVOCABLE, ASSIGNABLE AND CONFIRMED
TERM : ONE YEAR AND ONE DAY
ISSUING BANK : HSBC LONDON, DEUTSCHE BANK AG, BARCLAYS BANK, LONDON
CONTRACT AMOUNT : USD $5,000.000.00 (FIVE MILLION USD) MINIMUM/ 5,000,000,000.00 (FIVE BILLION MAXIMUM USD) MAXIMUM
FIRST TRANCHE : TBA
SECOND TRANCHE TBA
CURRENCY : USD/EUROS
FUNDING RATE : LEASE 8% + 3% COMMISSION
PAYMENT : SWIFT FEE FOLLOWED BY UNCONDITIONAL MT-103
DELIVERY MODE : SWIFT MT760 & ORIGINAL HARD COPY BY BANK BONDED COURIER
TRANSACTION PROCEDURES
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PARTY B SUBMITS TO PARTY A THIS SIGNED AGREEMENT, TOGETHER WITH : 1.1 CLIENT INFORMATION SHEET 1.2 CORPORATE BOARD RESOLUTION 1.3 NON-SOLICITATION LETTER 1.4 SIGNATORY'S PASSPORT COPY 1.5 CORPORATE REGISTRATION 1.6 THE IRREVOCABLE MASTER FEE PROTECTION AGREEMENT AND PAY ORDER.
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AFTER COMPLETED DUE DILIGENCE, PARTY A COUNTERSIGNS THIS AGREEMENT AND IT THUS BECOMES A FULL RECOURSE COMMERCIAL CONTRACT AND RETURNS IT TO PARTY B, ALONG WITH PARTY B’S FULL BANKING CO-ORDINATES AND THE SIGNATORY’S PASSPORT COPY. BOTH PARTIES SHALL LODGE THIS AGREEMENT WITH THEIR RESPECTIVE BANKS.
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WITHIN TWO (2) BANKING DAYS AFTER THIS AGREEMENT IS SIGNED, PARTY A TO SEND TO PARTY B’S DESIGNATED RECEIVING ACCOUNT A SWIFT MT799 STATING HIS READINESS AND AVAILABILITY OF THE INSTRUMENT IN HIS BANK. PARTY A SHALL PROVIDE A COPY OF REMITTED TRANSMISSION RECEIPT TO PARTY B FOR TRACING. PLEASE NOTE PARTY A’S ISSUING BANK MAY MAKE A PHONE CALL TO RECEIVING BANK. THIS IS A BANK TO BANK BECAUSE OF OUR BANK POLICY. |
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WITHIN THREE (3) BANKING DAYS OF RECEIPT AND CONFIRMATION OF THE MT799 PREADVISE FROM PARTY A. PARTY B’S RECEIVING BANK WILL THEN ISSUE AND SEND THE ICBPO UNDERTAKING TO PARTY A ISSUING BANK VIA MT799 WITHING THREE(3) BANKING DAYS THE PARTY A'S BANK WILL ISSUE BG VIA SWIFT BY MT760 {APPENDIX D} TO PARTY B‘S DESIGNATED BANK RECEIVING ACCOUNT. PARTY A SHALL PROVIDE A COPY OF SAID MT-760 TO PARTY B FOR TRACING.
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WITHIN FIVE (5) BANKING DAYS AFTER CONFIRMATION OF THE ABOVE MT760 BG, PARTY B’S PAYING BANK SHALL RELEASE THE AGREED FUNDS TO PARTY A’S DESIGNATED BANK ACCOUNT, AND SIMULTANEOUSLY PAYS 3% OF FACE VALUE OF EACH TRANCHE AS CONSULTANCY FEES/COMMISSIONS TO THE CONSULTANTS, AS PER THE RELEVANT IRREVOCABLE MASTER FEE PROTECTION AGREEMENT.
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WITHIN SEVEN (7) BANKING DAYS OF RECEIPT OF AGREED PAYMENTS, PARTY A’S BANK SHALL SEND THE BG HARD COPY ORIGINAL TO PARTY B’S DESIGNATED BANK RECEIVING ACCOUNT BY BANK BONDED COURIER.
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OPTION TWO
IMPORTANT NOTICE TO ALL TRADERS & BROKERS
This is a very important message to anyone involved in the commodities industry on the new measures with respect to Buyers and Sellers conducting oil transactions.
From now on, if an ICPO, LOI, RWA, or BCL is issued and the document is not real, the Seller will be able to inform the FBI, ICC, and INTERPOL. In addition, after an FCO is sent to the Buyer, there should be a formal answer to Seller from Buyer.
If there’s no response from the Buyer in a timely manner, the buying company will be reported to the FBI, ICC, and INTERPOL. If this action is repeated by sellers, they too will also be reported for abuse of the NCND, LOI, ICPO, AND RWA OR BCL, FOR THIS IS A FEDERAL OFFENSE.
It is important to transmit this to all clients that work with providers that are members of the ICC, FBI, and other international organizations.
From this point forward, the international codes will be strictly enforced to exclude all intruders that send out false information. Those who submit a false NCND/IMFPA, LOI, ICPO, RWA, BCL or FCO, as well as FALSE PROOF OF PRODUCT (POP), WILL BE CHARGED WITH A CRIME.
This went into effect on November 15, 2008 after a meeting was held between the Federal
Reserve, European Central Bank, Interpol, Federal Bureau of Investigation and Central
Intelligence Agency.
The reason for this measurement is to protect the commodities industry which is a fundamental part of the world’s economy.