Import-export and sourcing Africa, China, South-East Asia, South America and Europe
NUYER WANTED! BG BY BNP PARIBAS USD 200-MILLION AT 76% + 2% 2010-01-22
BUYER WANTED!
BG: US.DLRS
BANK: BNP PARIBAS, PARIS
AMOUNT: US.DLRS 200 MILLION
ISSUING DATE: JUNE 15, 2010
EXPIRE DATE: JUNE 16, 2011
PRICE: 76%
COMM: 1% TO SELLER (CLOSED) & 1% TO BUYER
(OPEN: STARTS FROM ME-YOU-BUYER'S MANDATE)
MODE OF PAYMENT: SWIFT MT103-23 IRREVOCABLE
CONDITIONAL BANK PAY ORDER (ICBPO)
DELIVERY: SWIFT MT760 ONLY FOLLOWED BY
HARDCOPY TO BE DELIVERED VIA BANK COURIER
WITHIN SEVEN (7) BANKING DAYS
PS: THE SELLER CAN ISSUE MT799 (PRE-ADVICE) AS POP.
TRANSACTION PROCEDURES
1. Buyer sends letter of intent (LOI) to the Seller. The LOI should contain copies of Buyer’s passport, Company’s resolution and Client’s Information Sheet (CIS), Company Registration and IMFPA.
2. Seller countersigns this LOI within Eight (8) bank working hours and returns to Buyer with seller’s company registration and signatory’s passport, and this LOI automatically becomes a full commercial recourse contract. Both parties shall lodge the executed contract to their respective banks.
3. After both sides sign the contract, within Two (2) banking days, Buyer’s bank will send ICBPO by SWIFT MT-103/23 (Exhibit “BB”) to Seller’s bank.
4. Within Two (2) banking days upon the arrival of ICBPO(SWIFT MT-103/23) successful verification, Seller’s bank will deliver the Bank Guarantee via SWIFT MT-760 (Exhibit “AA”) to Buyer’s designated receiving bank coordinates.
5. Upon successful verification and authentication of the SWIFT MT-760 of the BG, the Buyer’s bank will remit the full amount as stated in the ICBPO within Two (2) banking days via SWIFT to pay the required fund.
8. Within seven (7) banking days after receiving the funds as per ICBPO, the issuing bank sends the original hard copy of the BG to Buyer’s bank by bank-bonded courier.
9. 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.
10. This Letter of Intent is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside. This LOI is also governed by the standard ICC Regulation.
IF INTERESTED IN THIS LOT OFFER, PLEASE LET ME KNOW AND
I WILL SEND THE LOI+CONTRACT & NCNDA/IMFPA TOGETHER WITH THE BG COPY TO YOU TO PROCEED.
