Re: Re: Proof of Funds (POF) and Standby Letter of Credit

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	Re: Re: Proof of Funds (POF) and Standby Letter of Credit [ Follow Ups ] [ Post a Followup ] [ Club Finance ] Posted by TRANSTRADE LTD on January 27, 2010 at 15:24:37: In Reply to: Re: Proof of Funds (POF) and Standby Letter of Credit posted by BSG on July 04, 2009 at 03:16:23: : Dear Provider, : We seek Lease SBLC as per closing procedure & Verbiage SBLC stated bellow. We'll lease 5 x USD5Mio : With this format, the receiving bank will fully guarantee to pay lease charges. : If acceptable please send us your draft Agreement to our email address: gasco_51@yahoo.co.uk : : PROCEDURE: : 1. Lessor and Lessee execute, sign and initial this Deed of Agreement which thereby automatically becomes a full commercial recourse contract. : 2. After signing the agreement and simultaneously or latest within 3 banking days with the return of the agreement to the Lessee, Lessee will issue a Non Disclaimer / Letter of Indemnity signed by the Beneficiary of the SBLC ( Notarized ) : 3. Lessor will issue, deliver and SWIFT MT760 of SBLC to Lessee’s designated bank for authentication & verification of the SBLC in favor of Lessee nominee , not later than 5 banking days from the day on confirmation of authentication & verification will Automatically Cash Wire Transfer of leasing fee into the Lessor’s bank account.. (Lessor send copy of Swift Mt 760 send to Lessee) : : 4. Within 7 banking days after confirmation of receipt of payment by Cash Wire Transfer of the leasing fees, the Lessor will deliver the hard copy of the SBLC to the Lessee's bank via bank bonded courier. : APPENDIX A :Text SBLC MT760 : : RECEIVED FROM : : TO : W F B I U S 6 S : ISSUE OF DOCUMENTARY CREDIT (THIS MUST BE SENT AS A MT 760 SWIFT) : 40A: FORM OF DOC CREDIT IRREVOCABLE STANDBY : 20A: DOC CREDIT NUMBER _____________ : 31C: DATE OF ISSUE _____________ : 31D: DATE PLACE EXPIRY 10/0…./date : USA : 50: APPLICANT PTGC : 59: BENEFICIARY To be inform : ATTORNEY AT LAW : 32B: CURRENCY, AMOUNT USD 5,000,000.00 (Five million United States Dollars) : 41D: AVAILABLE WITH…BY.. ANY BANK : PAYMENT : 42C: DRAFTS AT SIGHT : 45A: DESCR OF SERVICES PERFORMANCE BOND BANDUNG PROJECT . : 46A: DOCS REQUIRED + SIGNED DRAFT DRAWN ON ( issuing bank swift code ) : + ORIGINAL SWIFT STANDBY LETTER OF CREDIT : + LETTER OF DEMAND/DRAW STATEMENT FROM THE BENEFICIARY : + BANK WIRE TRANSFER RECEIPT FROM WFBIUS6S EVIDENCING A : WIRE TRANSFER OF USD XXXXXXX TO ABNASGSG IN FAVOR OF : XXXXXX ACCOUNT NUMBER : 9 3 1 6 4 2 8 7 9 3 : + BANK WIRE TRANSFER RECEIPT FROM WFBIUS6S EVIDENCING A WIRE : TRANSFER OF USD ______ TO ( Lessor Bank SWIFT CODE ) , : ACCOUNT NAME ………….(Lessor ), ACCOUNT NUMBER : _________ : : 71B: CHARGES ALL BANKING CHARGES FOR THE APPLICANT’S ACCOUNT : 49: CONFIRMATION WITHOUT : 53A: REIMBURSE BANK ___________ : 72: SENDER TO RECEIVER THI S IS THE OPERATIVE INSTRUMENT. PLEASE ADVISE BENEFICIARY BY TELEPHONE AT (801) 236-1101 : THIS STANDBY LETTER OF CREDIT CAN ONLY BE CALLED UPON THE EXPIRY DATE AND SIGNED BY THE APPLICANT : : --------------------------unquote---------------------------------------------------------- : INFRA GASCO CAPITAL Follows Up: Post a Followup Name : EMail : Subject : Re: Re: Re: Proof of Funds (POF) and Standby Letter of Credit Comments: : : Dear Provider, : : We seek Lease SBLC as per closing procedure & Verbiage SBLC stated bellow. We'll lease 5 x USD5Mio : : With this format, the receiving bank will fully guarantee to pay lease charges. : : If acceptable please send us your draft Agreement to our email address: gasco_51@yahoo.co.uk : : : : PROCEDURE: : : 1. Lessor and Lessee execute, sign and initial this Deed of Agreement which thereby automatically becomes a full commercial recourse contract. : : 2. After signing the agreement and simultaneously or latest within 3 banking days with the return of the agreement to the Lessee, Lessee will issue a Non Disclaimer / Letter of Indemnity signed by the Beneficiary of the SBLC ( Notarized ) : : 3. Lessor will issue, deliver and SWIFT MT760 of SBLC to Lessee’s designated bank for authentication & verification of the SBLC in favor of Lessee nominee , not later than 5 banking days from the day on confirmation of authentication & verification will Automatically Cash Wire Transfer of leasing fee into the Lessor’s bank account.. (Lessor send copy of Swift Mt 760 send to Lessee) : : : : 4. Within 7 banking days after confirmation of receipt of payment by Cash Wire Transfer of the leasing fees, the Lessor will deliver the hard copy of the SBLC to the Lessee's bank via bank bonded courier. : : APPENDIX A :Text SBLC MT760 : : : : RECEIVED FROM : : : TO : W F B I U S 6 S : : ISSUE OF DOCUMENTARY CREDIT (THIS MUST BE SENT AS A MT 760 SWIFT) : : 40A: FORM OF DOC CREDIT IRREVOCABLE STANDBY : : 20A: DOC CREDIT NUMBER _____________ : : 31C: DATE OF ISSUE _____________ : : 31D: DATE PLACE EXPIRY 10/0…./date : : USA : : 50: APPLICANT PTGC : : 59: BENEFICIARY To be inform : : ATTORNEY AT LAW : : 32B: CURRENCY, AMOUNT USD 5,000,000.00 (Five million United States Dollars) : : 41D: AVAILABLE WITH…BY.. ANY BANK : : PAYMENT : : 42C: DRAFTS AT SIGHT : : 45A: DESCR OF SERVICES PERFORMANCE BOND BANDUNG PROJECT . : : 46A: DOCS REQUIRED + SIGNED DRAFT DRAWN ON ( issuing bank swift code ) : : + ORIGINAL SWIFT STANDBY LETTER OF CREDIT : : + LETTER OF DEMAND/DRAW STATEMENT FROM THE BENEFICIARY : : + BANK WIRE TRANSFER RECEIPT FROM WFBIUS6S EVIDENCING A : : WIRE TRANSFER OF USD XXXXXXX TO ABNASGSG IN FAVOR OF : : XXXXXX ACCOUNT NUMBER : 9 3 1 6 4 2 8 7 9 3 : : + BANK WIRE TRANSFER RECEIPT FROM WFBIUS6S EVIDENCING A WIRE : : TRANSFER OF USD ______ TO ( Lessor Bank SWIFT CODE ) , : : ACCOUNT NAME ………….(Lessor ), ACCOUNT NUMBER : _________ : : : : 71B: CHARGES ALL BANKING CHARGES FOR THE APPLICANT’S ACCOUNT : : 49: CONFIRMATION WITHOUT : : 53A: REIMBURSE BANK ___________ : : 72: SENDER TO RECEIVER THI S IS THE OPERATIVE INSTRUMENT. PLEASE ADVISE BENEFICIARY BY TELEPHONE AT (801) 236-1101 : : THIS STANDBY LETTER OF CREDIT CAN ONLY BE CALLED UPON THE EXPIRY DATE AND SIGNED BY THE APPLICANT : : : : --------------------------unquote---------------------------------------------------------- : : INFRA GASCO CAPITAL [ Follow Ups ] [ Post Followup ] [ Club Finance ] Babillard 1995-2009, All Rights Reserved. Qualisteam