Scribd
Upload
36 views1 page

DOA - TEMPLATE - SBLC - Page 3

DOA

Uploaded by

Jan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
36 views1 page

DOA - TEMPLATE - SBLC - Page 3

DOA

Uploaded by

Jan
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
You are on page 1/ 1

TRANSACTION CODE:

BENEFICIARYS CODE :
PRINCIPALS CODE:

4. WITHIN THREE (3) BANKING DAYS AFTER RECEIPT OF POF FROM BENEFICIARY’S BANK THE PRINCIPAL’S
BANK WILL ISSUE A PRE-ADVICE VIA SWIFT MT799 CONFIRMING THAT THE INSTRUMENT WILL BE
DELIVERED VERSUS ISSUANCE OF THE BANK PAYMENT UNDERTAKING (BPU) (53%) VIA SWIFT MT799 BY
THE BENEFICIARY'S BANK PROVIDING THE COPY VIA BANK E-MAIL.
5. THE PRINCIPAL WILL ISSUE CORPORATE INVOICE, AND WITHIN THREE (3) BANKING DAYS OF THE
BENEFICIARY’S BANK HAS RECEIVED CORPORATE INVOICE PROVIDING THE BENEFICIARY’S BANK HAS TO
SEND TO THE PROVIDER’S BANK BPU VIA SWIFT MT799 PROVIDING THE COPY SWIFT MT799 BPU VIA
BANK SECURE E-MAIL.
6. WITHIN FIVE (5) BANKING DAYS AFTER THE PRINCIPAL’S BANK HAS RECEIVED AND AUTHENTICATED
THE BPU SWIFT MT799, THE PRINCIPAL’S BANK DELIVERS THE SBLC VIA SWIFT MT760 PROVIDING THE
COPY VIA E-MAIL.
7. WITHIN FIVE (5) BANKING DAYS AFTER THE INSTRUMENT IS RECEIVED BY SWIFT MT760 AND
AUTHENTICATED THE BENEFICIARY’S BANK WILL ACTIVATE THE BPU AND PAY BY SWIFT MT103 SAME DAY
VALUE.
8. SBLC ON PAPER (HARD COPY) WILL BE BROUGHT TO BANK OF THE BENEFICIARY BY THE SPECIAL BANK
COURIER DURING 7 (SEVEN) BANK DAYS AFTER RECEIVED FULL PAYMENT IN AMOUNT OF FORTY THREE
PERCENT (40%) OF FACE VALUE OF SBLC TO THE NOMINATED ACCOUNT OF THE PROVIDER AND TWO
PERCENT (15%) OF FACE OF SBLC TO THE ACCOUNT OF BENEFICIARY’S CONSULTANT.
9. THE BENEFICIARY PAYS FORTY FIVE PERCENT (55%) OF FACE VALUE OF EACH TRANCHE, AS PER THE
RELEVANT IRREVOCABLE FEE PROTECTION AGREEMENT (ANNEX 5).
10. ALL SUBSEQUENT TRANCHES WILL BE BASED ON THE SAME PROCEDURE, UNTIL THE AGREED
AMOUNT OF THE CONTRACT WILL BE COMPLETED, OR THE COLLATERAL OR FUNDS BECOME EXHAUSTED.
11. ANY UNAUTHORIZED BANK CALLS WITHOUT AGREEMENT BETWEEN PARTIES, PROBES OR
COMMUNICATIONS, OR AN IMPROPER SOLICITATION OR DISCLOSURE INVOLVING ANY OF THE BANKS
CONCERNED IN THIS TRANSACTION WILL RESULT IMMEDIATE CANCELLATION OF THIS TRANSACTION AND
SUBJECT THE VIOLATING PARTY TO DAMAGES.

PRINCIPAL’S BANKING COORDINATES


1. PRINCIPAL’S BANKING COORDINATES TO RECEIVE POF MT 799, TO ISSUE MT760 SBLC INSTRUMENT
BANK NAME :
BANK ADDRESS :
SWIFT CODE :
ACCOUNT HOLDER :
ACCOUNT NO. :
BANK OFFICER NAME :
BANK OFFICER EMAIL :
BANK OFFICER PHONE / FAX :

2. PROVIDER’S BANKING COORDINATES TO RECEIVE - BPU MT799, PAYMENT MT103 for 55%
BANK NAME :
BANK ADDRESS :

BENEFICIARY’s Initials____________ Page 3 of 26 PRINCIPAL’s Initials ___________

You might also like

pFad - Phonifier reborn

Pfad - The Proxy pFad of © 2024 Garber Painting. All rights reserved.

Note: This service is not intended for secure transactions such as banking, social media, email, or purchasing. Use at your own risk. We assume no liability whatsoever for broken pages.


Alternative Proxies:

Alternative Proxy

pFad Proxy

pFad v3 Proxy

pFad v4 Proxy