PROCEDURE:
1. PARTY A AND PARTY B SHALL SIGN THIS CONTRACT AND LODGE IT INTO THEIR RESPECTIVE BANKS.
2. PARTY A WILL CONTACT HIS BANK FOR THE BANKER’S DRAFT/CASHIER CHEQUE ISSUANCE.
3. WHEN IT IS OK, THE PROVIDER (PARTY A) WILL FORWARD THE SCAN COPIES TO THE SAID BANKER’S DRAFT/CASHIER CHEQUE.TO RECEIVER (PARTY B) FOR VERIFICATION.
4. PARTY B ISSUE A POF OR PAYMENT GUARANTEE AS ATTACHED THE PROVIDER (PARTY A) DESIGNATED BANK ACCOUNT COVERING THE FEE OF THE BANKER’S DRAFT/CASHIER CHEQUE.
5. PARTY A ISSUING AND SWIFT MT110 / MT760 WITHIN 72 HOURS AFTER RECEIVED CONFIRM PAYMENT MT799 AND HARD COPY FOLLOWS.
6. PARTY B SHALL BE RELEASED PAYMENT BY MT 103/T.T. TO FIRST PAYMENT IN THE AMOUNT OF 40%/(40% +5%) WITHIN 10 INTERNATIONAL BANKING DAYS AFTER PARTY B RECEIVED SWIFT MT110/MT760 AND SECOND PAYMENT AGAIN AFTER FIRST 20 INTERNATIONAL BANKING DAY IN THE AMOUNT OF 20%/(20% +5%) TO PROVIDER / PARTY A AND PAYMENT AMOUNT OF 10% TO PROJECTS INVESMENT GROUP.
7. WİTHİN 7 DAYS PROVIDER WİLL SEND HARD COPY BY COURİER TO RECEİVİNG BANK.
8. BOTH PARTIES DULY AGREED THAT ANY UNAUTHORIZED BANK CALLS, SOFT PROBES OR COMMUNICATIONS EITHER BY FAX, TELEPHONE OR EMAIL, 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.