() REVISED OLD BCL Verbiage.pdf () REVISED OLD BCL Verbiage.pdf
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IF YOU SEND BCL BASED ON YOUR APPROVED CREDIT LINE BY EMAIL FIRST,
 YOU CAN GET ISSUING BANK RWA FIRST THROUGH BANK TO BANK SECURED EMAIL
OR
YOU CAN GET RWA VIA MT799, IF YOU SEND SAME BCL BY MT799 FIRST
 AFTER OUR COUNTERSIGNED CONTRACT
IN BOTH CASES, YOU HAVE TO SEND YOUR BCL FIRST BY MAIL
 

In the beginning, we do not want BCL in the name of our bank.

We just want a copy of a BCL issued to the client itself by its own bank showing the capability of the client to pay BG cost. No need of addressing to the Provider. But it is a must by email FIRST from the client along with the LOI.

 

Bank can issue above BCL based on even credit line approval of the client with its bank.

 

Same BCL is required for 2 available procedures for Lease and Purchase each. It depends on what you want. If you want RWA first from Provider through Bank to Bank Secured Email, OR you send same BCL via MT799 First then get MT799 RWA after that from the Issuing bank.

 

Please read other details carefully in both the Procedure of LOI to choose any one of the 2 available procedures.

 

Please do not suggest us your desired Procedure. It will be just waste of time. No Issuing bank moves as per Buyer requirements. If Buyer is ready to accept our No Upfront Fee Procedure we can move ahead. We have to follow what Issuing bank requires, not how Buyer or Lessee wants it.

He has to send us BCL first with LOI addressed to himself on his own bank letterhead to proceed.

 

If you have no cash money  or Credit Line to show your capability to pay through our BCL Verbiage, forget any BG. Without your BCL, we will not waste your and our time.

 

 
 PROCEDURE TO GET ISSUING BANK RWA FIRST THROUGH BANK TO BANK SECURED EMAIL
 
 

 

DESCRIPTION OF BANK INSTRUMENT : 

 


Instrument Type: 

Bank Guarantee or Standby letter of Credit (SBLC), Cash Backed

Lease Price

 

12% (+4%

Total Face Value: 

Minimum 100M Euros R & E 

1St Tranches

 Minimum 100M Euros 

2Nd Tranches

 

3Rd Tranches 

 

4Th Tranches

 

Currency:

 

Issuing Bank: 

AAA RATING BANK

Validity: 

One  (1) Year and  One  (1) Day with Rolls and Extension

Payment Schedule: 

Within Five (05) Banking days after verification and authentication of the Swift MT760, the Provider will receive 12 % of the Face Value.

Delivery Bank: 

Swift Mt760 & Original Hard Copy By Bank Bonded Courier

Payment Mode:

MT103 or Bank Wire – After verification and authentication of Instrument

Transaction Procedure: 

Lessee submits duly sign LOI on Letterhead with full Banking Coordinate with below compliance documents include:

 

1.1 Letter of Intent/Contract (LOI)

1.2 Client Information Sheet (CIS)

1.3 Corporate Resolution (CR)

1.4 Non-Solicitation Statement (NS)

1.5 Non-Circumvention and Non-Disclosure Agreement (NCND)

1.6 Irrevocable Master Fee Protection Agreement (IMFPA)

1.7 Lessee Signatory and Color Copy of Passport

1.8 Lessee Certificate of Incorporation (COI)

1.9 Bank Confirmation Letter or Bank Acceptance Letter (Appendix A)

 

2. After Successful Due diligence, Provider countersigns the LOI. The Signed LOI becomes Legal binding Commercial Contract (agreement) between the parties. Both parties shall lodge the agreement in their respective banks.

 

3. Within Two Banking days , Provider ‘s bank shall issue RWA (Appendix B) by Bank Email to Receiving Bank and Corporate Invoice to Lessee Email ID: ……………………..

 

4. Within Two (2) Banking days of receipt of the RWA Email and Corporate invoice, Lessee bank shall issue Two Irrevocable Conditional Bank Pay Order (ICBPO) or Payment Undertaking (PU) OF 12% Via MT 799 as per (Appendix D) send  a copy to Provider’s email (----------------------------).

 

6. Within Two (2) days after Provider’s bank receive and authenticate Irrevocable Conditional Bank Pay Order´s (ICBPO) or (PU) Via MT 799, Provider’s bank shall issue MT 760 as per (Appendix E)  to Lessee  bank coordinate and send a copy to Lessee email. (-------------------------------------) 

 

7. Within Five (4-7) banking days upon successful verification and authentication of the MT 760, Lessee bank shall issue Total Payment of fee 12 % as per contract by  MT 103 unconditional payment to Provider’s designated accounts and send a copy to Provider email (--------------------------------) and commission all so

 

Note: Hard Copy of the instrument will be delivered by Provider’s Bank via Bonded Courier to Lessee bank within 7 banking days after receipt of the payment MT 103 by Provider’s bank and if only Lessee send Notarized BG or SBLC LETTER OF INDEMNITY UNDERTAKING, This Undertaking Letter must be signed in Public Notary or Endorsed by Lessee Bank and original documents must be delivered via DHL to Provider.

  

 

 OR
PROCEDURE TO GET RWA VIA MT799, IF YOU SEND SAME BCL BY MT799 FIRST
 AFTER OUR COUNTERSIGNED CONTRACT

 

DESCRIPTION OF BANK INSTRUMENT : 

 


Instrument Type: 

Bank Guarantee or Standby letter of Credit (SBLC), Cash Backed

Lease Price

 

12%+4%

Total Face Value: 

Minimum 100M Euros R & E 

1St Tranches

 Minimum 100M Euros 

2Nd Tranches

 

3Rd Tranches 

 

4Th Tranches

 

Currency:

 

Issuing Bank: 

AAA RATING BANK

Validity: 

One  (1) Year and  One  (1) Day with Rolls and Extension

Payment Schedule: 

Within Five (05) Banking days after verification and authentication of the Swift MT760, the Provider will receive 12 % of the Face Value.

Delivery Bank: 

Swift Mt760 & Original Hard Copy By Bank Bonded Courier

Payment Mode:

MT103 or Bank Wire – After verification and authentication of Instrument

Transaction Procedure: 

Lessee submits duly sign LOI on Letterhead with full Banking Coordinate with below compliance documents include:

 

1.1 Letter of Intent/Contract (LOI)

1.2 Client Information Sheet (CIS)

1.3 Corporate Resolution (CR)

1.4 Non-Solicitation Statement (NS)

1.5 Non-Circumvention and Non-Disclosure Agreement (NCND)

1.6 Irrevocable Master Fee Protection Agreement (IMFPA)

1.7 Lessee Signatory and Color Copy of Passport

1.8 Lessee Certificate of Incorporation (COI)

1.9 Bank Confirmation Letter or Bank Acceptance Letter (Appendix A). It may be addressed to client himself by his own bank on Bank Letterhead with signatures of 2 Bank Officers. 

 

2. After Successful Due diligence, and after receiving LOI and BCL (Appendix A) by email, Provider countersigns the LOI. The Signed LOI becomes Legal binding Commercial Contract (agreement) between the parties. Both parties shall lodge the agreement in their respective banks.

3. Client BANK HAS TO SEND TO THE SELLER’S BANK THE PROOF OF FUND OR BANK CAPABILITY LETTER (BCL) BY SWIFT MT799 IN 2 (TWO) BANKING DAYS AFTER POINT 2.

4.       WITHILN 2 BANKING DAYS THE SELLER’S BANK WILL ISSUE A SWIFT MT799 PRE-ADVICE CONFIRMING THAT THE INSTRUMENT WILL BE DELIVERED VERSUS ISSUANCE BY THE BUYER OF AN ICBPO OR PAYMENT UNDERTAKING BASED ON VERBIAGE ACCEPTED BY THE PROVIDER. 

5.     

6.    WITHIN 2 BANKING DAYS THE LESSEE’S BANK WILL ISSUE A SWIFT MT799 ICBPO OR MT103 FOR FULL PAYMENT OF TRANCHE TO THE LESSOR’S BANK.

 

6. Within Two (2) days after Provider’s bank receive and authenticate Irrevocable Conditional Bank Pay Order´s (ICBPO) or (PU) Via MT 799, Provider’s bank shall issue MT 760 as per (Appendix E) to Lessee bank coordinate and send a copy to Lessee email. (-------------------------------------) 

 

7. Within Five (4-7) banking days upon successful verification and authentication of the MT 760, Lessee bank shall issue Total Payment of fee 16 % as per contract by  MT 103 unconditional payment to Provider’s and Consultants’ designated accounts and send a copy to Provider email (--------------------------------) and commission all so

 

Note: Hard Copy of the instrument will be delivered by Provider’s Bank via Bonded Courier to Lessee bank within 7 banking days after receipt of the payment MT 103 by Provider’s bank and if only Lessee send Notarized BG or SBLC LETTER OF INDEMNITY UNDERTAKING, This Undertaking Letter must be signed in Public Notary or Endorsed by Lessee Bank and original documents must be delivered via DHL to Provider.

 

 

 

 

REVISED OLD BCL VERBIAGE REQUIRED IN BOTH CASES

 APPENDIX A

 

Bank Confirmation Letter

BANK CAPABILITY LETTER - EXHIBIT “BCL”

 

ON BANK LETTERHEAD  REGARDING THE AVAILABLE

CREDIT LINE OR CASH TO USE FOR THE BG/SBLC LEASE OR PURCHASE  

FROM    

BANK NAME               

BANK ADDRESS           

SWIFT CODE               

BANK OFFICER            

AMOUNT           EURO/US$ 000,000,000.00 (XXX HUNDRED  

XXXXX XXXX  MILLION)   

ACCOUNT NAME      

TO    

BANK NAME      

BANK ADDRESS  

    

 

SWIFT CODE  

     

 

TEL N°.  

   

   

FAX N°.  

   

   

EMAIL ADDRESS  

    

 

BANK OFFICER  

   

   

IN FAVOR OF  

    

 

TRANSACTION CODE  

  BG2014-000-E500M50B-

000- LIG LTD   

DEAR SIRS,   

WE, - ________________________- REPRESENTED BY THE  

UNDERSIGNED OFFICERS, HEREBY ISSUE THIS BANK  CAPABILITY LETTER CONFIRMING WITH FULL BANK  

RESPONSIBILITY AND LIABILITY ON BEHALF OF OUR  

ACCOUNT HOLDER XXXXXXXXXXXXX THAT THEY HAVE CASH  

FUNDS/CREDIT FACILITY) IN THE AMOUNT OF  

EURO/US$ XXX HUNDRED XXXXX XXXX MILLION  

(EUR/US$000,000,000.00) AS OF THE DATE OF THIS  

TRANSMISSION BEING THE FIRST TRANCHE AMOUNT TO  

LEASE OR PURCHASE FROM THE LESSOR FRESH CUT STANDBY LETTER OF CREDIT (SBLC) TO BE ISSUED FROM ANY TOP

PRIMARY BANK.   

   

WE HEREBY ALSO CONFIRM THAT THESE FUNDS ARE

LEGALLY EARNED, GOOD, CLEAN, CLEARED AND OF NONCRIMINAL ORIGN AND VERIFIABLE ON BANK-TO-BANK BASIS BY PHONE OR FAX.  

 

THIS BCL BANK CAPABILITY WILL BE SENT BY SWIFT  

MT799 BANK TO BANK MAXIMUM 48 HOURS AFTER  RECEIPT OF THIS SIGNED CONTRACT WITH COURTESY  COPY TO THE LESSOR. 

 

    

FOR AND ON BEHALF OF     

____________________________  

___________________________   

  

  

                   

BANK OFFICER: (1)              

  

  

 BANK OFFICER: (2) 

TITLE PIN:                                                   TITLE PIN:                                                                                                                                                                     

BANK SEAL                

_____________________________________________________________

______________________________ ________   

THIS BCL BANK CAPABILITY WILL BE SENT BY SWIFT  

MT799 BANK TO BANK MAXIMUM 48 HOURS AFTER  RECEIPT OF THIS SIGNED CONTRACT WITH COURTESY  COPY TO THE LESSOR. 

Signed and sealed this  XXXXXXXXXX 2015     

                                           (Signature) (Seal)   

   

___________________________________     Authorized Signature  OF CLIENT        Name  :    

Title  :     

Passport No.   :    

Country   :    

Issue Date       : 

Expiry Date   :    

    

 

 

Kind Regards,

Hussain Khan, M. A., Tokyo

Skype ID:hkhanjp 

Business Websites: 

www.bg-sblc.com and http://pakmarineltd.com/

You can find out further information about me, about my  published articles, books, speeches and other writiings and speeches in Japanese, English and Urdu by putting my name, “HUSSAIN KHAN, TOKYO”, in Google, or YouTube or Amazon or Linkedin Search Engines 

http://www.dawahislamia.com/ 

http://www.dawahislamia.com/complete-para30-with-detailed-japanese-explanation.php