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Bank Guarantee Buyer and Importer from Nigeria - Buying Lead

02 Jun, 2022

Bank Guarantee

BUYING PROCEDURE: Seller and Buyer’ execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract agreement. Within three (03) banking days, the Seller will issue Bank Guarantee(BG) with Euro clear access code, ISIN and Common Code to enable Buyer’ verify the BG. Within three Show More...

BUYING PROCEDURE: Seller and Buyer’ execute, sign and initiate the Deed of Agreement, which thereby automatically becomes a full commercial recourse contract agreement. Within three (03) banking days, the Seller will issue Bank Guarantee(BG) with Euro clear access code, ISIN and Common Code to enable Buyer’ verify the BG. Within three (03) banking days Buyer’will arrange to transfer 55,000 into Seller Funding Bank Account Detail for Cost to Validate BG before RWA by Swift MT799. within three (03) working days after receiving Euro 55, 000 , Seller’s bank will issue RWA by swift mt799 pre advice which is a definition of ability to issue and deliver BG in to Buyer nominated bank account Within three bank days after receiving RWA by MT799 Buyer’ will transfer Euro 100,000 for Call Option, Stock Testing fee and transmission charges to issue full value cash back BG with Euro clear access code and send via MT760 (ICC600 or latest version ) to the Buyer’s bank. { Bank to Bank Swift } Within Fifteen 15 bank days after receiving and verifying that MT760 (ICC600 or latest version), the buyer bank will release Payment of Buying cost and commission by MT103 of 40+2% for Buying price. Regards, Johnson

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