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Brazil |
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Posted by
aziz2eg (Saturday, May 02, 2009) WE REQUEST TO PURCHASE SBLC EURO's 500MM |
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Dear Sir,
Kindly advise if you can arrange for Standby Letter of Credit SBLC issued by any prime bank Top 25 Western European Prime Banks (Format the standard SHORT FORM (458) Fully CASH BACKED Confirmed by MT 760 Swift message and Delivery of the SBLC Hard Copy to our Bank in Germany. The amount that we are Looking for is Euros 200M up to Eurios 500M, One Year Maturity. Issued DIRECT from the Bank to our firm name and NOT Transferred or Assigned SBLC "We are not looking to be Third Beneficiary". Procedures: We would prefer to have the following procedures for our approved procedures with our bank: Signing JVA "your party as investors in our Germany Project" 1.. Immediately upon signing the JVA with your party and exchanging the Banking Coordinates "The Issuer's of the SBLC and our Firm in Germany", your Party "the Issuer" will provide: EITHER A)- Bank Readiness & Willingness Letter Confirming that the Bank is Ready & Willing to issue the agreed SBLC via MT 760 to our Bank in Germany. This Bank Letter will be addressed to your Party's Name and C.C. to our Firm's Name in Germany "This letter must be Verifiable" Bank to bank. OR
B)- Non-Operative SBLC Copy issued on our Firm's Name for Verification, Authentication & Validation between our Firm's Bank & your Party's Bank. This copy must be sent by SWIFT MT 799 and our Bank will answer his readiness to receive the MT 760 as per the agreed signed JIV Code No. ....... "A" OR "B" are to open the file and approve the transaction between both banks, we are NOT LOOKING to have LEASED INSTRUMENT and we are NOT INTERESTED in any LEASED INSTRUMENT, so the SBLC MUST be Real Clean, Clear NOT LEASED Instrument Cash Backed SBLC. 2.. Upon completion of the above and nominating which option "A or B", and our Bank received either A or B, immediately our bank will answer via SWIFT MT 799 the readiness & willingness to receive the SBLC as per agreed on the JVA code no. ..... 3.. Your Party's Bank will issue the SBLC final copy by MT 760 to our firm's Bank. 4.. Our Bank will Verify, Authentic & Validate your Party's Bank MT 760 and upon completion of the side verification with positive results and received the Original Hard Copy SBLC by Bank Currier from your Party's Bank, our Party's Bank will proceed as per agreed on the Signed JVA Code No. ..... 5.. Our Bank will Provide undertaking that they will returned the SBLC on or before maturity (15) Days the SBLC Clear, Clean of any liens to your Party's Bank, this is Guarantee of your Party's Bank SBLC "Capital". 6.. Transaction Closed.
We can offer the following to your Party "The Issuer", if any requested advanced payment on this SBLC we will PAY ONLY and AFTER the above is CONCLUDED within (45) Days from the completion of (Clause 6) as mentioned herein above. Any requested payment on the SBLC as mentioned herein above will be GUARANTEED and SECURED by OUR FIRM'S BANK via Bank Confirmed Payment Pay Order Direct to your Party "the Issuer". We will PAY the requested payment + 100% of the SBLC Face Value + Returning the SBLC Clean, Clear of any Liens to the Issuer. I think this is the best offer that you can discuss with your Party "Issuer". Again i am repeating we are NOT looking for any Leased Instrument and NOT Interested in any Leasing Instrument. Hope i cleared the points for your review with your party. Waiting for your reply ASAP.
Thanks,
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For this to work, your party needs to be ready to pay all the issuance fees after they can verify the legitimacy of the Provider. There are a couple of swifts involved here and banks are greedily charging outrageous fees for these now. Also, your party should be the one to first have their bank issue and deliver the undertaking to the Provider's bank. This is the only thing that would make a Provider comfortable.
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