BG SBLC

Product Details

OUR PROCEDURES
BANK INSTRUMENT PROCEDURES
FITZROY INVESTMENT LIMITED
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Claudiudruia @ yahoo . com
.TRANSACTION DESCRIPTION:
1. Instrument: Bank Guarantee (BG) or Standby Letter of Credit (SBLC) Letter of Credit (LC)
2. Total Face Value: Euro/USD/GBP 2,000,000.00 – Euro/USD/GBP 10,000,000,000.00
3. Issuing Bank: HSBC Bank London, Barclays Bank London, and other top banks .
4. Age: One Year and One Day (With the option of Rolls and Extension)
5. Purchasing fee : 35%+2%
Leasing Fee: 6%+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.
TRANSACTION PROCEDURE:
1. SENDER and Receiver’s execute, sign a Deed of Agreement which thereby
automatically becomes a full recourse commercial contract after Receiver’s
application has been accepted by the SENDER.
2. Within 1, 2 to 3 days after both parties sign the Agreement; The receiver will
send transmission charge and deliver slip copy to the sender, then Sender’s bank
shall send MT-799 Pre-advice to Receiver’s bank within 5 working days after
confirmation of the payment made by the receiver. (The transmit charges
comprises of liquidation,Insurance,transmission ,Handling etc all summed up to
transmission charges)
3. Within 1-12 banking hours of sending the MT799, Sender shall send copy of the sent MT-799 Pre-Advice to the Receiver to confirm with his bank. 4. Within (2) two Banking days of receipt of MT-799 and confirmation by the Receiver , the receiver will Pays 1% issuing charge out of sender’s 35% or 6% charge to the sender’s Nominated bank account and send the swift payment copy to the sender for confirmation. (Optional). 5. Within (2) two Banking days ,Senders Bank shall send the Instrument by MT-760. 6. Receiver’s bank confirms and verifies BG/SBLC MT-760; Receiver shall within 1 – 6 Banking days’ pay to Sender the balance 34% or 5% to Senders nominated account and also pay the additional 2% agent commission fees to agent as in the contract below. (Should Receiver default to pay the fees to the Sender and the Intermediaries fees as agreed on this contract within allowed number of days on confirmation of Swift MT-760, Sender shall instruct the issuing bank to put a claim on the BG/SBLC thereby forcing the Receiver's bankers to return the BG/SBLC swift MT-760 to the issuing Bank.) 7. Within 7 banking days after receiving money, Hard copy will be sent to Receiver bank by bank-bonded courier. 8. 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. 9. This Deed of Agreement is a full recourse commercial commitment governed by the Law of the jurisdiction that both parties reside and standards under ICC Regulation.
10. SANCTIONS (NON PERFORMANCE) After this contract is signed by both Sender and Receiver, and copies exchanged electronically or otherwise by a delivery service, failure to follow the closing procedure in time and form herein is considered breach of this contract and puts the failing party in default position to pay a onetime penalty fee of 1% of the contract to the suffering Party. These are our basic procedures.
We only issue BG/SBLC based on our distinct procedures as stated above.
Reach us Bellow

claudiudruia @ yahoo . com

Regards
Claudiu