() Client Bank RWA to Issue PN~APPENDIX D.docx () Client Bank RWA to Issue PN~APPENDIX D.docx
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() BANK PROMISSORY NOTE DRAFT.doc () BANK PROMISSORY NOTE DRAFT.doc
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BANKER TO BANKER CONFIRMATION THROUGH WINDOW TIME

 

As some clients do not appear to be satisfied with our present Escrow Deposi Procedure, we have started this Window Time Procedure for the satisfaction of such clients. We arrange a Window Time for your Banker to confirm from our Banker regarding your Contract and Transaction to issue you BG/SBLC.

Our Provider has agreed to add the following Window Time Clause in certain cases, if any client so desires:

“WITHIN FIVE (5) BANKING DAYS AFTER SIGNING AND LODGING OF THIS AGREEMENT, LESSOR WILL ARRANGE AND SET A WINDOW TIME FOR THE LESSEE‘S BANK TO CALL AND COMMUNICATE WITH PROVIDER´S/LESSOR‘S BANK TO CONFIRM THE CONTRACT AND TRANSACTION."

 

If your bank gets confirmation of our Contract and the Transaction to issue BG/SBLC in your favor, there is no need to go to Escrow Attorney or Broker. You may, then, make payment DIRECT TO PROVIDER on much cheaper rates as given below in Clause 3 of our LOI.

For example, in case of a 10M contract, you have to pay $39,800 instead of $60,000 to Escrow Broker and $48,000 for the Contract of $50M instead of $100,000.

Consult your bank and your partners. If you agree to this idea, I will request the Provider to get Window Time for your banker.

In this case you will receive an Invoice for making the remittance to our suggested Account and will also get a Corporate Refund Letter of your Transmission charges.

We have also prepared separate LOIs (Letters of Intention) for Lease and/or Purchase of BG/SBLC at the end of this page for you to download. fill, sign, stamp and send to us for Countersign by the Provider to make it Contract of Deed of Agreement (DOA).

 

 

 

 

 

 

OUR RATES OF ESCROW DEPOSIT

OR TRANSMISSION CHARGES

  1. ESCROW MINIMUM DEPOSIT shall be based as follows:

     

                500,000 to 10M= Minimum of  60,000 USD/EURO

    10M to 50M    = Minimum of 100,000 USD/EURO,

    51M to 100Mm  = Minimum of 150,000 USD/EURO,

    101M to 500M =  Minimum of 200,000 USD/EURO,

  2. OR Pay Refudable Transmission Fee Direct to the Provider account instead of the Escrew Attorney. In this case, Provider will issue an Invoice and a Corporate Refund Letter along with the countersigned DOA for the client to have DD on Provider before any remittance. 

    DIRECT TO PROVIDER DEPOSIT

     

    REFUNDABLE BANK TRANSMISSION FEES TO SEND MT799/MT760

  1. Bank transmission fee for 500,000 to 5M is USD/EURO 29,900.00

  2. Bank transmission fee for 5M to 20M is USD/EURO 39,800.00

  3. For 21M TO 50M: A DEPOSIT OF $48,000

  4. For 51M TO 100M: A DEPOSIT OF $58,000

  5. For 100M TO 500M: A DEPOSIT OF $185,000

     

    (B) In case of Direct Payment to Provider, please inform details in which Name and Address our Invoice has to be issued. Provider will send Invoice and Corporate Refund Letter accordingly. Processing of your LOI will be started only after receipt of your remittance of Transmission Fees.

  1. On receipt of full Escrow deposit amount confirmation from the Attorney, SELLER will complete Due Diligence within 72 hours, countersigns and returns the Letter of Intent, along with Client Information Sheet and enlarged scanned copy of signatory passport. Making the Letter of Intent a Binding Contract. Both parties shall lodge the Contract with their handling banks for record.

     

    Regards,

    Hussain Khan, M. A. Tokyo