Product Description

PROCEDURE: 1. Both parties (LESSOR and LESSEE) execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract. 2. Within 3 days after Both parties sign the Agreement, LESSOR will issue a Notarized signed and sealed Corporate Refund Recourse Undertaking to the Lessee guarantying to refund Lessee all the cost incurred by lessee for the bank transmission charges (For swift MT**0 BG/SBLC or Pre-advice MT**9 or both as the case may be) after due execution of the contract. 3. Within 3 working days after LESSEE receives LESSOR'S signed and sealed Corporate Refund Recourse Undertaking, LESSEE will make payment by direct wire transfer into the LESSOR'S provided bank cordinates for the receiving of the bank transmission charges the bank transmission charges for the BG/SBLC MT**0 swift transmission or Pre-advice MT**9 swift transmission or both. 4. Within three (3) banking days after confirmation of receipt of payment of the bank transmission charges for the BG/SBLC MT**0 swift in LESSOR'S bank account, the LESSOR will deliver the BG/SBLC via bank confirmation of swift BG/SBLC MT**0 to the LESSEE'S banker including the hard copy of the BG/SBLC via bank bonded courier in Seven (7) banking days. 5. LESSEE pays LESSOR the leasing fee (5.0% of total face value minus initially paid bank transmission) and the brokers their commission fees (1,0 *1,0)% of total face value not later than 7 banking days after the BG/SBLC hard copy is received and confirmed at lessee's bank. 6. Where lessee does not deduct the bank transmission charges from leasing fees paid, LESSOR shall refund bank charges to LESSEE by direct wire transfer within 7 banking days upon payment of the leasing fees. 7. Any unauthorized calls by any party or its representative lawyers to probes or communication in an improper way to bank(s) in this transaction shall be prohibited and contract terminated.  MY *: *-*@********************dy>