BG/SBLC PROCEDURE.

LEASING  AND SELLING PROCEDURE FOR BG AND SBLC :

1.     Provider and Receiver sign the Deed of Agreement, which thereby automatically becomes a full recourse commercial contract after the Provider has accepted Receiver's application.

2.     Within Two banking days after both parties sign the Deed of Agreement, Provider submits the Deed of Agreement to his bank, Provider also sends a copy of the signed Deed of Agreement, Invoice, Refund undertaking letter to Receiver.

3.     Within Two Banking days of receiving copies of the final Deed of Agreement, Invoice and Refund undertaking, Receiver pays 70,000.00 Euros (Seventy Thousand Euros) Liquidation and bank auditors handling charges and sends the transfer confirmation copy to Provider for his confirmation.

4.     Within Three banking days after confirmation of the Liquidation and auditors' bank handling charges, Providers Bank sends the swift MT760 direct to monitizer bank.

5.     Provider sends copies of the swift MT760 to Receivers/monitizer for confirmation, Providers Bank sends Hard copy of BG/SBLC within Seven banking days to Receiver bank by bonded courier. Receiver pays the broker fees to the brokers within one banking day of receiving the MT760 Hard Copy. Receiver pays to Provider all fees due within Twenty One Banking days after Hard copy of MT760 is delivered.

6      Should Receiver default to pay according to as agreed in the Deed of Agreement, the Provider will instruct the Issuing Bank to put a claim on the BG/SBLC thereby forcing the Receiver's Bank to return the BG/SBLC by SWIFT MT760 to the Issuing Bank.

7 After Thirty banking days Provider will refund back to Receiver the Liquidation and auditors' bank handling charges to Receivers provided account.

With Regards,

Williams Dale

Email: williamsdalecj@gmail.com