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BG to Lease

  • UK UK  
  • Quantity Required: 50B
  • Last Updated:
    Posted on: 18 Dec 2023

Buyer Information

RFQ Details

I urgently require a lease BG with below procedures for my client.
Price: 6+2 or 7+2
Quantity: 20B to 50B


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 with the return of the agreement to the Lessee, the Lessee within 3 banking days after the receipt of the agreement issue conditional MT103/23 payment covering the leasing fee into the Lessor bank account.

3. Lessor will issue, deliver and SWIFT MT760 copy of BG to Lessee bank for authentication & verification of the BG in favour of Lessee, not later than 72 hours of confirmation of receipt of the lessee conditional MT103/23 payment into the Lessor bank account.

4. Within 24 hours of confirmation of the Lessor's swift MT760 of BG at Lessee's bankers, Lessee will release the payment by wire transfer into the Lessor bank account and 2% of the face value of the BG as commission fees to the broker bank accounts.

5. Within 7 banking days after confirmation of receipt of payment of the leasing
fees and the commission fees, the Lessor will deliver the hard copy of the BG
the Lessee's bank via bank bonded courier.

Should Lessee default to pay the leasing fees to the Lessor and the brokers commission fees as agreed after 24 hours of confirmation of BG MT760 in lessee bank account, Lessor will instruct the issuing bank to put a claim on the BG thereby forcing the Lessee's bankers to return the BG MT760 to the issuing Bank


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