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1st Year

Standby Letter of Credit (SBLC)

UK

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Product Specification

Brand Name : -

Product Description

We are direct providers of Fresh Cut BG, SBLC, LC, DLC. which are specifically for lease, our bank instrument can be engage in PPP Trading, Discounting, signature project(s) such as Aviation, Agriculture, Petroleum, Telecommunication, construction of Dams, Bridges, Real Estate and all kind of projects. We do not have any broker chain in our offer or get involved in chauffeur driven offers

Kindly review the procedures and inform on your readiness to proceed.

TRANSACTION DESCRIPTION:

1. Instrument:  Bank Guarantee (BG) or Standby Letter of Credit (SBLC)

2. Total Face Value:  Please inform us

3. Issuing Bank:  HSBC Bank London, Barclays Bank London, Deutsche Bank AG Frankfurt

4. Age:   One Year and One Day (With the option of Rolls and Extension)

5. Purchasing:       32%+2%/Leasing fee 4%+2%

6. Delivery:          Bank to Bank Swift MT799 and/or MT760

7. Payment:           MT103

8. Hard Copy:  By Bank Bonded Courier within 7 banking days after delivery of Swift.

1. Seller and Buyer execute, sign and initial this Deed of Agreement, which thereby automatically becomes a full commercial recourse contract to be lodged by both parties for initiation of Swift Transmission.
2. Within three (3) banking days after both parties sign the Agreement, After the Due Diligence and DOA signed by both side the issuing bank account officer will issue RWA (Ready Willing & Able) letter directly to your receiving bank account officer to confirm the authentic of the Swift and Transaction.
3. Within three (3) working days after the Buyer receives RWA (Ready willing and able) letter, The Buyer will make payment by direct wire transfer into the Seller's provided bank co-ordinates for the receiving of the bank transmission/administrative charges for the Pre-Advice via Swift MT799 or SBLC via Swift MT760 or both as the case maybe in the amount of Euro/USD XX 000.00.
4. Within two (2) banking days after confirmation of receipt of payment of the bank transmission/administrative fees charges for the SBLC via Swift MT760 or Pre-Advice via Swift MT799 or both in Sellers bank account, the Seller will deliver the Pre-Advice or SBLC via Bank to Bank confirmation of Swift MT799 or MT760 to the Buyers bank including the hard copy of the SBLC via bank bonded courier in Seven (7) banking days.
5. Buyer sends out Buying fees by Swift MT103 to the Buyer deducting the initially paid bank transmission/administrative fees and the brokers their commission fees 32%+2% of total Face Value by wire transfer within thirty (30) days upon delivery, confirmation and verification of SBLC by MT760 in the Buyers nominated account and SBLC hard copy in the Lessees nominated bank.
6. Should the Buyer not deduct the bank transmission/administrative charges from buying fees paid, the Buyer shall refund bank charges to Buyer by direct wire transfer within three (3) banking days upon payment of the Buying fees.
Should the Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 30 banking days of confirmation of BG/SBLC MT760 in lessee's bank account, Lessor will instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Lessee's bankers to return the BG/SBLC MT760 to the issuing Bank.
Looking forward to accepting our terms and procedure then we can establish a long term business relationship. Standby Letter of Credit (SBLC)

Contact Us

Contact Person :Mr. John

Company:BarrowFat Trading

Address:London, london, London, UK,

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Mr. John < BarrowFat Trading >
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