Product Description

PROCEDURE FOR THE ISSUANCE OF A BANK GUARANTEE
Stage I. Procedure until signing of a contract for issuance of Bank Guarantee (BG):
1. Sending a Letter of Intent (LOI) to BUL Ltd. which to explicitly contains the
following information:
- Amount of the requested BG in Euro or USD;
- Format of BG (form ICC);
- Type BG - on lease (rent) or Buy (for purchase);
- Banks, from which to be issued the BG (bank with rating AA/AAA)
- Period of validity of the BG;
- Information about what would be used BG.
- Confirmation that the client has funds to pay the amount in item 6.
2. Sending of a brief customer information (CIS) in a letterhead provided by us:
- Correctly filled information in Annex A;
- Indication of a bank officer from the bank that will accept the BG and / or grant a loan
(credit line or monetize the BG) and will eventually pay the fees for the issuance of BG.
- Correct completion of Annexes B and C.
3. Issuance price of the BG - depends on the amount and format of the requested BG. The
indicative price varies in the range of 7% - *2% for the BG on lease and in the range of *0%
- *0% for Buy (purchase of the BG). In the total percentage for the fees and commissions for
the issuance of BG is included a commission in total amount of 1% for BUL Ltd.
4. The Client must send a written confirmation to BUL Ltd., that he agrees with the
proposed procedure for the issuance of the BG.
5. After receiving the written confirmation under item 4. The customer is offered with the
signing of four-sided confidentiality agreement (NCNDA). After its signing the documents
under item 1., Item 2., Item 4. & 5. will be sent to our U.S. partners who will directly contact
the customer for clarification of all the details for issuing BG.
6. After receiving the written confirmation under item 4. The customer is offered with signing
the Consulting contract with a foreign consultancy company for carrying out of Due
Diligence. For the Due diligence, for consulting and other costs of the preparation stage for
issuance of the BG must be payed the amount of *5 **0 - *0 **0 euros under issued /
invoice /s.
Stage II. Signing of a contract for the issuance of BG:
1. After the execution of Item 6. the client is recievesdraft of the Contract for the issuance of
the BG (DOA), in which with the assistance our partners will be clarified the procedure, the
price and all other details related to the issuance of the BG.
2. After clarification of all details upon the aforementioned item it‘s proceed to signing of the
Contract for issuance of the BG (DOA) and follows the issuance of the BG.
NOTE: All Documents must be prepared and sent in * *:*@********************l>