Please take note that any on pending or unfinished transaction for over 10 banking days will be black list in ICC 500,450 and600 this is an instruction from IMF.
1. Party {1} {Provider} and Party {2} {Receiver} execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract agreement.
2. Within 3 days after both parties sign the Agreement; Sender will instruct his issuing bank to send MT760 swift to the the receiver and confirmed .
3. Within 25 days after PARTY {2 }AS RECEIVER receives MT760 and confirmed will send the face value of the instrument or the sender will send swift cancellation of the MT760.
Note: 1. Sender can cancelle the swift MT760 if the receiver not pay the face value within 25 days , This part will including inside the swift draft.
5. Upon received of MT760 Swift bank to bank party 2 pays party 1 {Provider} fee 250,000.00$ ONE HUNDRED AND TWENTY THOUSAND US DOLLAR ONLY not later than two (2) banking days after SBLC/MT-760 Swift has been verified by PARTY (2) receiving bank, to provider trustee account, SBLC/MT-760 hard copy which will be delivered via Bank Bonded Courier service within 3-7 calendar days upon receipt of INSTRUMENT fee.
Please take note that any on pending or unfinished transaction for over 10 banking days will be black list in ICC 500,450 and600 this is an instruction from IMF. 1. Party {1} {Provider} and Party {2} {Receiver} execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract agreement. 2. Within 3 days after both parties sign the Agreement; Sender will instruct his issuing bank to send MT760 swift to the the receiver and confirmed . 3. Within 25 days after PARTY {2 }AS RECEIVER receives MT760 and confirmed will send the face value of the instrument or the sender will send swift cancellation of the MT760. Note: 1. Sender can cancelle the swift MT760 if the receiver not pay the face value within 25 days , This part will including inside the swift draft. 5. Upon received of MT760 Swift bank to bank party 2 pays party 1 {Provider} fee 250,000.00$ ONE HUNDRED AND TWENTY THOUSAND US DOLLAR ONLY not later than two (2) banking days after SBLC/MT-760 Swift has been verified by PARTY (2) receiving bank, to provider trustee account, SBLC/MT-760 hard copy which will be delivered via Bank Bonded Courier service within 3-7 calendar days upon receipt of INSTRUMENT fee.
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