| Ad id number: | 548849 | | Action: | Sell | | Item: | SBLC FOR LEASE FOR 11+1 | | Category: | Business Services | | Price: | 11+1 | | Description: | A provider have lease sblc for serious client.The Sblc will be issued from top 25 European Banks.
There is no need for undertaking letter from bank.The minimum they can work on is 100M.Please see below the full procedure.
3.1. The Client, before signing of the contract, gives:
soft bank reference on bank comfort letter (BCL) or bank tear sheet signed by two bank officers; History of fund, CIS , Resum of project, Letter with Indication ways of using financial instrument, Number of verification; Notarized letter, with the signature and seal about NOT presentation of the financial instrument (Leter of Indemnity) in which contains the obligation of the client to take financial instrument with due care, and about NOT the presentation of the financial instrument for payment and return of the financial instrument of bank without any liens and encumbrances of nay kind and whatsoever, 15 bank days before ending of term of leasing by the financial instrument, if the financial instrument will not be repaid or prolong under the additional contract.
3.2 After signing of Contract the Client send to the Company soft BCL or bank tear sheet via bank-to-Bank basis confirming his willing and ability to pay fee for leasing according to the present contract. After successful verification of BCL or Bank tear sheet, Company will send the information to the Client about the STANDBY LETTER OF CREDIT registered on euroclear , with current code under the Act, the Client or his Beneficiary after signing by the Client the above-stated Act spends verification and blocking of the financial instrument on the basis of received Euroclear’s code.Then the Client within 2 (Two) international banking days carries out issuing of conditional payment (appendix 2) in MT103/23 format on the account specified by the COMPANY amount the sum of 11%+1% = 12%(Twelve percent) face value of the Financial Instrument, from the bank account of the Client’s beneficiary i.e Euro xxxxxxxxx for leasing of the financial instrument, within the first year according to the condition of the contract.
3.3 After execution of the Client obligation specified in item 3.2 of the present Contract, the COMPANY will organize change current beneficiary on the Client’s Beneficiary specified in the present Contract and also receives con formation of Beneficiary’s change in the form of Euroclear screen printout with new codes, then the COMPANY transfers in bank of the Beneficiary and on account of the Beneficiary THE STANDBY LETTER OF CREDIT, by Mt 760
After reception by the beneficiary into his account of the STANDBY LETTER OF CREDIT, and its verification within 2 days the client opens MT103/23 in favor of the company paying cost of the rent of financial instrument.
3.4 Incase of the complete or partial non-performance of this obligation under item 3.1,3.2, of the present Contract by the Client, the COMPANY may terminate the present Contract in unilateral procedure, and return the Financial Instrument.
3.5 The Client duly that confirms that he is ready to give to the COMPANY any information, documentations, and confirmations, to fill forms and questionnaires which will be require for execution of the transaction stated in the Present Contract.
3.6 Change way of using the Financial Instrument according to the conditions stated in the present Contract, it is defined by the Client in coordination with the COMPANY. The client takes up the unconditional and irrevocable obligation to take a due care when having the financial instrument in leasing not demand the financial instrument for payment during term of financial leasing.
3.7 No fulfillment or inadequate execution of obligations by the client stipulated in item 3.6 of the present contract entails cancellation of the present contract, return of the financial instrument and deduction by the company of cash funds resources received from the client according to item 3.2 of the present contract as penalty.
| | Name: | DANIEL YOUNG | | Email: | Click here to email the person who posted this ad | | Phone: | 234+8028372879 | | Address: | 2 BARRA STREET, lagos, 234, Nigeria | | Expires: | Dec 27, 2007 |
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