Product Description

we need this proceduers to buy from direct sblc provider:


TRANSACTION PROCEDURES:

1. THE BUYER SUBMITS THIS COMPLETED AND SIGNED DOA TO THE PROVIDER,
INCLUDING THEIR KYC/CIS -BCL OR POFs AND FULL TRANSACTING BANK
COORDINATES.

2. AFTER SUCCESSFUL DUE DILIGENCE, THE PROVIDER COUNTERSIGNS THIS DOA, WITH
FULL THEIR KYC/CIS AND FULL ISSUING BANKING CO-ORDINATES, THEREFORE THIS
AGREEMENT BECOMES A FULL RECOURSE COMMERCIAL CONTRACT, AND LODGED
WITH RESPECTIVE BANKS.

3. THE PROVIDER IN TWO BANKING DAYS WILL SEND PRE-ADVISE VIA SWIFT MT**9 OR
MT**9 TO THE BUYERS NOMINATED RECEIVING BANK (APPENDIX-A). THE PROVIDER
WILL SEND THE BUYER COPY OF THE SWIFT FOR TRACKING.

4. THE BUYER ON RECEIVING THE PRE-ADVISE VIA SWIFT MT**9 OR MT**9, WILL ISSUE
BANK PAYMENT UNDERTAKING (BPU) IN THREE BANKING DAYS VIA SWIFT MT**9 TO
THE PROVIDERS NOMINATED BANK (APPENDIX-B). THE BUYER WILL SEND THE
PROVIDER COPY OF THE SWIFT FOR TRACKING.

5. THE PROVIDER UPON RECEIPT OF THE BPU AND AFTER VERIFICATION THEIR BANK
WILL ISSUE THE SWIFT MT**0 SBLC TO THE BUYERS BANK (APPENDIX- C). THE
PROVIDER WILL SEND THE BUYER COPY OF THE SWIFT FOR TRACKING.

6. THE BUYER ON RECEIVING THE SWIFT MT**0 SBLC AND AFTER VERIFICATION AND
AUTHENTICATION, THE BUYERS BANK SHALL RELEASE FULL PAYMENT WITH
IMMEDIATE EFFECT TO THE PROVIDER AND INTERMEDIARIES VIA UNCONDITIONAL
SWIFTMT**3.

7. WITHIN SEVEN (7) BANKING DAYS FROM THE PROVIDER AND INTERMEDIARIES
RECEIVING THE AGREED PAYMENT, THE PROVIDERS ISSUING BANK SHALL DELIVER
THE BG/SBLC HARD COPY TO THE BUYER S BANK BY BANK BONDED COURIER.

8. ALL SUBSEQUENT TRANCHES (APPENDIX- D). WILL BE BASED ON THE SAME
PROCEDURES, UNTIL THE REQUIRED AMOUNT IS DELIVERED IN FULL.

9. ANY UNAUTHORIZED BANK CALLS, PROBES OR COMMUNICATIONS, OR IMPROPER
SOLICITATION OR DISCLOSURE INVOLVING THE RESPECTIVE BANKS CONCERNED IN
THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION
AND THE VIOLATING PARTY WILL INCUR COSTS FOR DAMAGES.