Transaction Code:
DEED OF AGREEMENT (DOA)
STANDBY LETTER OF CREDIT [SBLC/SLOC]
This Deed of Agreement is hereby undertaken between two parties(LESSEE/BUYER and
LESSOR) on this day __ /__ / 2020
“FIRST PARTY” LESSEE/BUYER
Company Registration No
Company Name
Company Address
Company Representative
Position
Email Address
Passport No
Issue Date
Expiry Date
Country Of Issue
Bank Name:
Bank Address:
Account Name:
Account Number:
Bank Officer:
Swift Code:
Bank Officer Tel/Fax:
Bank Officer Email:
I, LESSEE/BUYER, with the above information confirm with full legal and corporate
responsibility that I am ready, capable and willing to lease/purchase Standby Letter of Credit
(SBLC / SLOC) with clean and unencumbered funds of non-criminal origin under the terms
and conditions stated herein.
NOTE:
Improper release of the banking information herein, for any reason , without the written
and prior authorization of other party, shall be considered as a breach of contract and will make
the defaulted party to be actionable for damagessustained. Each party is not allowed to contact
the other party's bank without the expression of written permission, any attept to do so by any
party will lead to the cancellation of this transaction.
Lessee’s/Buyer’s Initial:
1
Lessor’s Initial:
Transaction Code:
“SECOND PARTY” LESSOR
Company Registration No
Company Name
Company Address
Company Representative
Position
Email Address
Passport No
Issue Date
Expiry Date
Country Of Issue
Bank Name:
Bank Address:
Account Name:
Account Number:
Bank Officer:
Swift Code:
Bank Officer Tel/Fax:
Bank Officer Email:
I, the [LESSOR], with the above information confirm with full legal and corporate responsibility,
and under penalty of perjury that I am ready, capable and willing to issue Standby Letter of
Credit (SBLC / SLOC) with clean, clear and unencumbered funds of non- criminal origin under
the terms and conditions stated herein:
NOTE:
Improper release of the banking information herein, for any reason, without the written
and prior authorization of other party, shall be considered as a breach of contract and will make
the defaulted party to be actionable for damages sustained. Each party is not allowed to contact
the other party's bank without the expression of written permission, any attempt to do so by any
party will lead to the cancellation of this transaction.
Lessee’s/Buyer’s Initial:
2
Lessor’s Initial:
Transaction Code:
A. DESCRIPTION:
Format:
Issuing Bank:
URDG758 / ICC600
HSBC BANK PLC, 8 CANADA SQUARE, LONDON E14 5HQ,
UNITED KINGDOM
NEW ISSUE
USD/EUR
ONE (1) YEAR AND ONE (1) DAY
Term:
Currency:
Age:
Face Value:
First Tranche:
Subsequent
Tranches:
Agent’s Commission:
Lease/Purchase Fee:
Payment:
Transaction Mode:
Delivery:
1% OF Standby Letter of Credit (SBLC / SLOC) FACE VALUE
5%/35% OF Standby Letter of Credit (SBLC / SLOC) FACE VALUE
MT103 (WIRE TRANSFER)
MT103/MT799/MT760/MT103/HARD COPY
MT760/ Standby Letter of Credit (SBLC / SLOC)HARD COPY BY
BANK COURIER
B. TRANSACTION PROCEDURE
i.
LESSEE/BUYER: After proper due diligence, the Lessee/Buyer will fill, sign and mail the
Deed Of Agreement [DOA] to the Lessor.
ii.
LESSOR: After proper diligence, the Lessor will fill and countersign the Dead Of
Agreement [DOA] “hereby the Deed of Agreement will be rendered as a full recourse
contract”. Then the Lessor will email a copy of the contract to the Lessee/Buyer.
iii.
LESSOR: Within the period of two banking days, the Lessor will advice the issuing bank
officer to email the ready, willing and able [RWA] letter to the Lessee's/Buyer’s bank officer
via bank secured email.
READY, WILLING AND ABLE LETTER (SAMPLE)
We, HSBC Bank Plc located at 8 Canada Square, London, E14 5HQ, United Kingdom, hereby confirm
with full bank responsibility that our client, Ricketts Financial Services represented by
_________________________________ with account no: _______________with us is ready, willing,
able and has the credit facility to issue a fresh-cut Standby Letter of Credit (SBLC / SLOC) with face value
of amount in words (______________) only for a period of one (1) year and one (1) day to your client,
__________________ with Account No: ________________
We, further confirm that the Standby Letter of Credit (SBLC / SLOC)is irrevocable, Cash-backed,
Assignable, Transferable, Authentic, Legal, Valid and unconditio/nally callable upon maturity.
Lessee’s/Buyer’s Initial:
3
Lessor’s Initial:
Transaction Code:
Further, we hereby confirm that we will deliver the said Standby Letter of Credit (SBLC / SLOC)via SWIFT
MT-799 (Pre-Advise) followed by SWIFT MT-760 to the designated bank coordinates of your client,
xxxxxxxxxxxxx upon our client’s instruction.
For and on behalf of:
HSBC Bank Plc,
8 Canada Square,
London, E14 5HQ,
United Kingdom.
-------------------------------------BANK OFFICER
iv.
STAMP/SEAL
------------------------------------BANK OFFICER
LESSOR: Lessor will email a cooperate invoice for the payment of the bank charges and a
corporate refund undertaking letter to the Lessee/Buyer.
SCHEDULE OF BANK CHARGES
FACE VALUE [EUR/USD]
1M – 10M
11M – 50M
51M – 100M
101M – 250M
251M – 500M
501M – 1B
FEE [EUR/USD]
THIRTY FIVE THOUSAND (35,000.00)
FIFTY THOUSAND (50,000.00)
SEVENTY FIVETHOUSAND (75,000.00)
ONE HUNDREDAND TWENTY FIVE THOUSAND (125,000.00)
ONE HUNDRED AND FIFTY THOUSAND (150,000.00)
TWO HUNDRED THOUSAND (200,000.00 )
CORPORATE REFUND UNDERTAKING LETTER (SAMPLE)
Pursuant to our execution of Deed of Agreement dated on _________ , We hereby irrevocably attest with
full legal responsibility under penalty of perjury that we are ready, willing and able to deliver Fresh cut
Standby Letter of Credit (SBLC / SLOC)in the contract amount of __________________(AMOUNT IN
FIGURE) to your nominated bank account.
The Standby Letter of Credit (SBLC / SLOC)will be issued and delivered via MT799 followed by MT760 to
your recipient bank account with...(RECEIVING BANK).... after receipt and confirmation of your payment
of ....AMOUNT IN WORDS...(AMOUNT IN FIGURE) made in favour of our nominated bank account
with.....BANK NAME..... as per issued invoice being bank charges for delivery of Fresh Cut BG to your
designated account for verification and authentication before delivery of the hard copy via bank bonded
courier to your designated depository bank.
Lessee’s/Buyer’s Initial:
4
Lessor’s Initial:
Transaction Code:
We hereby undertake to refund ________________AMOUNT IN WORDS__________(AMOUNT IN
FIGURE) to you (Funder) should we fail to deliver the BG.
Further, we also irrevocably undertake to refund the bank charges within max Two (2) banking days
should HSBC BANK PLC LONDON default to deliver the BG via SWIFT MT760 to your bank account at
your requested time after receipt and confirmation of your wire transfer payment in our nominated
account.
Sincerely,
________________________________
Lessor’s Signature and Stamp
v.
LESSEE/BUYER: Within the period of two [2] banking days of the Lessee's/Buyer’s bank
receipt the RWA letter, the Lessee/Buyer will remit payment by wire transfer to the
Lessor's provided bank account. Lessee/Buyer will email proof of transfer to the provider
for confirmation.
vi.
LESSOR: Within the period of two [2] banking days after Lessor’s receipt of the payment
of the bank charges, the Lessor will advice his bank officers to send SWIFT MT799 "PreAdvice' to the Lessee’s/Buyer’s receiving bank. Lessor will send a copy to Lessee for
confirmation.
SWIFT MT799 (PRE-ADVICE) FROM ISSUING BANK TO RECEIVING BANK (SAMPLE)
(Verbiage of the pre-advice shall be in the issuing bank’s wording and format but
substantially as follows :)
-------------------------- SWIFT MESSAGE HEADER ----------------------------DATE:
SWIFT OUTPUT: MT-799 CONFIRMATION MESSAGE PRIORITY
PRIORITY: TOP URGENT
SENDER:___________________________
BANK NAME:________________________
BANK ADDRESS:_____________________
BANK OFFICER:________________________
SWIFT CODE:__________________________
ACCOUNT NUMBER:______________________
ACCOUNT HOLDER:______________________
RECEIVER:______________________________
BANK NAME:______________________________
BANK ADDRESS: ___________________________
BANK OFFICER:_____________________________
SWIFT CODE:________________________________
ACCOUNT NUMBER:__________________________
ACCOUNT HOLDER:
-------------------------- SWIFT MESSAGE TEXT ---------------------20: TRANSACTION CODE:
Lessee’s/Buyer’s Initial:
5
Lessor’s Initial:
Transaction Code:
21: REFERENCE NUMBER:
77A: DESCRIPTION:
WE, [ISSUING BANK] OF [ISSUING BANK ADDRESS] WITH FULL BANKING RESPONSIBILITY AND LIABILITY
HEREBY CONFIRM THAT WE HOLD ON THE ABOVE MENTIONED ACCOUNT ON BEHALF OF OUR CLIENT CASH
RESERVES OF -------------- HUNDRED MILLION ---------------). OUR CLIENT HAS CONVEYED HIS INSTRUCTION TO
US TO BLOCK THESE CASH FUNDS AND ISSUE OUR STANDBY LETTER OF CREDIT (SBLC / SLOC)FOR THE
SUM OF ___________ HUNDRED MILLION (xxx 00,000,000.00) TO YOUR ACCOUNT HOLDER, _______________,
ACCOUNT NUMBER ____________HELD AT YOUR BANK.
THE SAID FUNDS ARE CLEAR CLEAN AND OF NON-CRIMINAL ORIGIN AND FROM LEGAL SOURCE, FREE OF
ANY LIENS, PLEDGES OR ENCUMBRANCES OF ANY KIND. THE STANDBY LETTER OF CREDIT (SBLC /
SLOC)WE ARE TO ISSUE SHALL BE CASH –BACKED AND IS
ASSIGNABLE,TRANSFERABLE,UNCONDITIONALLY,CONFIRMABLE AND PAYABLE WITH FULL BANK
RESPONSIBILITY AND LIABILITY WHEN PRESENTED AT OUR BANK ADDRESS ABOVE. THIS IS AN OPERATIVE
AND CALLABLE INSTRUMENT AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE VALID FOR A
MINIMUM OF ONE YEAR AND ONE DAY AND MAY BE FURTHER VERIFIED ON A BANK TO BANK BASIS.
PLEASE CONFIRM YOU ARE READY TO RECEIVE AND FUND THIS BANK INSTRUMENT WITH GOOD, CLEAN
AND CLEARED AND NON-CRIMINAL ORIGIN FUNDS
THIS IS FULLY OPERATIVE INSTRUMENT.
FOR AND ON BEHALF OF [BANK NAME] OF [BANK ADDRESS]
WE CONFIRM IS EMISSION AND CERTIFY THE TRANSPARENCY OF THIS OPERATION.
FOR AND ON BEHALF OF: -----------------------------------------BANK OFFICER (1)
NAME:
TITLE:
PIN:
BANK OFFICER (2)
NAME:
TITLE:
PIN:
vii.
LESSEE/BUYER: Within the period of two [2] banking days of the Lessee's/Buyer’s bank
reciept of the SWIFT MT799, the Lessee/Buyer’s receiving bank will reply SWIFT MT799
acknowledging receipt and giving confirmation of readiness to receive SWIFT MT760.
viii.
LESSOR: Within the period of two [2] banking days of the Lessor’s bank receipt of the
SWIFT MT799 from Lessee/Buyer’s bank, Lessor’s bank will send SWIFT MT760 to
Lessee/Buyer’s bank. Lessor shall send a copy to Lessee/Buyer for confirmation.
MT760 VERBIAGE (LESSEE/BUYER MAY PROVIDE THEIR BANK’S REQUIRED VERBIAGE).
To: (Receiving Bank)
Bank Address:_____________________________________________
Swift Code:___________________________________________
BG/ (SBLC / SLOC) No : _____________
Currency
: _____________
Amount
: _____________
Date of Issue
: ____________
Date of Maturity
: ____________
Beneficiary
: ____________ Limited
For value received, we, the undersigned,________Bank, address at ______________ ,hereby issue our
irrevocable, unconditional, transferable , and confirmed Bg without protest or notification, we promise to pay
Lessee’s/Buyer’s Initial:
6
Lessor’s Initial:
Transaction Code:
to the order of the beneficiary: _____ Limited, the holder or the bearer thereof at the date of maturity, the
sum of _______________), in the lawful currency of the European Union upon presentation and surrender of
this Standby Letter of Credit (SBLC / SLOC) at the office of __________________
Such payment shall be made without set-off fees and clear of any deductions or charges, fees, liens or
withholding of any nature, whatsoever presently or hereafter imposed, levied, collected, withheld or assessed
by the Government of the Switzerland or any political subdivision or authority thereof and therein.
This Standby Letter of Credit (SBLC / SLOC)is transferable, assignable & divisible without presentation of it
to us and without the payment of any transferable fee or charges.
This Standby Letter of Credit (SBLC / SLOC)is subject to the Uniform Rules for Standby Letter of Credit
(SBLC / SLOC)under ICC Publication No 458/758 /600 and latest revisions.
This is an operative instrument and Hard copy will follow.
For and on behalf of ______________________ Bank
………………………………
Authorized Signatory
Full name of bank officer
Title
Bank pin code:
……………………………..
Authorized Signatory
Full name of bank officer
Title
Bank pin code:
ix.
LESSOR: Within the period of two (2) banking days of Lessee/Buyer’s bank receipt of the
SWIFT MT760, the Lessor shall send corporate invoice to the Lessee/Buyer for the
payment of the lease/purchase fee and agent’s commission.
x.
Within the period of fifteen [15] banking days of the Lessee's/Buyer’sreceipt of the
corporate invoice for the payment of the lease/purchase fees and agent’s commission, the
Lessee/Buyer will remit the payment via wire transfer to the Lessor’s provided bank
account as stated in the corporate invoice and at the same time remit the payment of the
agent commissions to their provided bank accounts in a manner conforming with
"Irrevocable master fee protection agreement as stated in the contract". Copy of the
reciept for wire transfer will be mailed to the Lessor and agents for the prove of payment
and confirmation.
xi.
LESSEE/BUYER: If the Lessee/Buyer default to pay the lease/purchase fees and agent
commission within the period of fiften [15] banking days of the Lessee/Buyer reciept of the
corporate invoice from the Lessor, the Lessor will instruct the issuing bank to put a claim
on the Standby Letter of Credit (SBLC / SLOC)is hereby forcing the Lessee/Buyer
receiving bank to return back the Bank Guarantee[BG] to the issuing bank with immediate
effect.
xii.
LESSOR: Within the period of seven [7] banking days of the lessor’s receipt of the
lease/purchase fees and agent’s commission, the Lessor’s issuing bank shall deliver the
Lessee’s/Buyer’s Initial:
7
Lessor’s Initial:
Transaction Code:
Standby Letter of Credit (SBLC / SLOC)is hard copy to the Lessee/Buyer receiving bank
via bank bond courier.
Subsequent tranches shall be as per Tranche Schedule specified in this Agreement or as may
be agreed upon between the LESSEE/BUYER and the LESSOR.
Any rolls and extensions have to be agreed upon between the Lessee/Buyer and Lessor by one
(1) week before the initial contract amount is exhausted.
C. TERMS AND CONDITIONS
i.
All terms, conditions and closing procedures of this Agreement shall be binding upon
and incurred to the benefit of the parties and their respective heirs, legal representative,
successor and assigns. And if this deed of agreement (DOA) document, not unsigned is
null and void.
ii.
This agreement contains the entire agreement and understanding concerning this
transaction and it therefore supersedes and replaces all prior negotiations and proposed
agreements written or oral. Neither of the parties may alter, amend nor modify this
agreement except by an instrument in writing signed by both parties. This agreement will
be governed by and used in accordance with the laws of both parties respective country.
In the event that either party shall be required to bring up any legal actions against the
other, the prevailing party shall be entitled to recover reasonable attorney fees and
costs.
iii.
Each Party warrants and represents that it has full power and authority to enter into this
Agreement and to perform the transaction as per the terms stated herein. And the
provider attests that the Standby Letter of Credit (SBLC / SLOC)is un-encumbered,
irrevocable, transferable, un-conditional, clean, clear and of non-criminal origin.
iv.
The lessee/buyer acknowledges and confirms that neither the provider, associates,
representatives nor agents have made any statement or offer in any way whatsoever
that can be termed to be a solicitation for this service.
v.
The terms of this Agreement are binding upon the Parties whose signatures appear
herein. The Parties to this Agreement and their respective employees, agents,
associates/affiliates, transferees, assignees or designees agree to be bound by the NonCircumvention / Non-Disclosure and Force Majeure provisions of the ICC. And either
parties may change their banking coordinates with written notice to the other party.
vi.
This is a private transaction and as such shall not be interpreted as a securities
transaction as interpreted or described in the united states securities act of 1934 as
amended or by the laws of any other country.
Lessee’s/Buyer’s Initial:
8
Lessor’s Initial:
Transaction Code:
vii.
No contact by the parties, associates, representatives or agents to their banks without
expressed written permission. Any unauthorized contact by any party, associates,
representatives or agents to either party’s banks in this transaction is prohibited and
shall immediately render this contract invalid.
viii.
Any delay or failure of performance by either party of their respective obligations under
this agreement shall not constitute a breach or give rise to any claims for damages in the
case that such delays or failures in performance are caused by events or circumstances
beyond the control of such party. The term beyond the control of such party are the
lawful order of government authority, act of war, rebellion, sabotage, natural disasters,
any other cause not within the control of such partyor which is by exercise of reasonable
diligence that the party was unable to foresee, prevent or remedy.
ix.
This Agreement is subject to the domestic laws of any country properly having
jurisdiction over the subject-matter of this Agreement. The Parties agree that they will
strive to resolve all disputes amicably. All disputes arising out of or in connection with the
present Agreement that cannot be resolved amicably shall be finally settled under the
Rules of Arbitration of the International Chamber of Commerce in Paris, France, by one
or more arbitrators appointed in accordance with the said rules. The language of
Arbitration shall be English and the governing law shall be the law of United Kingdom
(England). The arbitration award shall be considered as final and shall be binding upon
both Parties. The arbitration fee shall be paid by the losing Party.
x.
The parties agrees to the non-circumvention and non-disclosure rules by the
international chamber of commerce (icc). The parties and their respective intermediaries
agree not to reveal the banking coordinates provided in this agreement to any individual
or institution other than the necessary banking officers for the completion of this
transaction and its possible extension and roll over.
xi.
Both parties may assign this agreement to any party that is either under its direct control
or legally engaged in partnership. Assignment of this agreement to any other party is not
permitted.
xii.
The parties agree that if representatives, associates or agents are delivering this
agreement on behalf of either party is duly authorized and that the execution of this
agreement is the lawful and voluntary act of all parties.
xiii.
Should any of the parties fail to perform after signing this contract, the failing party shall
be liable for a penalty fee of 2% (two percent) of the Standby Letter of Credit (SBLC /
SLOC)face value.
xiv.
The parties hereby agree to the above general terms and conditions. After the parties
confirm this agreement by signature and official company seal, this agreement will
become a full recourse contract. Each party shall hold a copy of the contract.
Lessee’s/Buyer’s Initial:
9
Lessor’s Initial:
Transaction Code:
xv.
The BENEFICIARY and the PRINCIPAL shall be responsible only for those
commissions/fees that they have respectively agreed, in writing, to pay.
D. IRREVOCABLE MASTER FEE PROTECTION AGREEMENT
(IMFPA)
i.
The Lessee/Buyer do hereby irrevocably guarantee with full corporate responsibility and
authority and, under penalty of applicable perjury laws, do agree to act as master pay
master to pay this irrevocable master fee protection agreement (hereafter called IMFPA)
which is an integral part of this agreement.
ii.
The Lessee/Buyer affirms and attests that the beneficiaries herein named have duly
performed their duties as intermediaries. The Lessee/Buyer undertakes and warrant to
pay to the beneficiaries described herein fees amounting to a total of one percent (1%)
of the face value of each and every tranche of Standby Letter of Credit (SBLC / SLOC)
transacted and delivered as part of this agreement’s. The Lessee/Buyer further confirm
that the fees stated are compensation for services which have been rendered to
satisfaction and are irrevocable, irretrievable and unconditionally guaranteed to be paid
simultaneously for each tranche.
iii.
This IMFPA shall be governed by and construed and interpreted in accordance with the
rules and regulations of the international chamber of commerce (ICC), Paris, France, the
courts of which shall be the forum for any and all disputes arising out of or in connection
(IFPA)here with.
iv.
All non circumvention/non disclosure clauses as prescribed by ICC rules (latest edition)
shall apply to this agreement and shall also be applied to all transactions between this
lessee and provider and shall survive for a period of five years from the date of last
execution of an agreement between the parties.
v.
This IMFPA is irrevocable, divisible, and unconditional, and maybe assigned only by the
beneficiaries named herein.
vi.
This IMFPA may be executed in one or more counterparts, each one shall be deemed
an original and all together shall constitute one and the same document. Assigned fax or
electronically transmitted copy of this document shall be deemed binding on the “parties”
with power as the signed original.
vii.
This IMFPA is valid upon commencement of the above referenced transaction and shall
remain valid and enforceable for the full term of the transaction, including any new
agreement between the Lessee and the Provider and or their assigns.
viii.
The Lessee/Buyer shall make all payments using the bank of record through which the
agreement is concluded. The Lessee/Buyer shall instruct his bank and ensure
Lessee’s/Buyer’s Initial:
10
Lessor’s Initial:
Transaction Code:
compliance by the bank to provide each payee with written confirmation of the payment
order lodged with Lessee/Buyer bank together with acknowledgement of their
acceptance to honor the payment order(s) automatically.
ix.
The beneficiaries reserve the right to change bank coordinates stated here in at any
time, upon reasonable advance notice,by providing written notice to the Lessee/Buyer.
Likewise, the Lessee/Buyer reserves the right to change the bank coordinates stated
herein at any time by providing sufficient advance written notice to the beneficiaries. If
the paying bank is changed, the Lessee/Buyer agrees to instruct the new paying bank to
issue a new payment order to each payee with the same terms and conditions as
explicitly stated herein.
x.
The Lessee/Buyer irrevocably agrees that the Agents do not assume any responsibility
for the above named transactions and cannot be held liable for any reason associated
with the transactions, except for breach of non-circumvention and non-disclosure
obligations.
xi.
The Lessee/Buyer agrees that if he attempts to circumvent, bypass, alter or change this
agreement (or the spirit of this agreement) by changing or causing to be changed or
having knowledge of any changes to the transaction numbers in this agreement, or
otherwise, to wilfully and knowingly avoid paying the fees owed to the beneficiaries,
anyone of the beneficiaries may serve the Lessee/Buyer and the Provider with a breach
of agreement notice and cease & desist order, upon receiving which all subsequent
transactions must be halted until the claim is resolved.
xii.
If any of the events in the above paragraph occur, the Lessee/Buyer understands and
agrees that he will be excluded from conducting business with the Provider at any time
in the future.
xiii.
The Lessee/Buyer also agrees to pay restitution to the beneficiaries listed below in the
full amount that would have been paid if an avoidance of payment, circumvention,
alteration, or change of the transaction (or code) numbers, or otherwise, had not
occurred.
xiv.
The fees paid shall be free of any legal impediment and free of any deductions except
that normal and reasonable bank transfer fees may be deducted and routine banking
delays are permissible, for this and all subsequent transactions with this provider.
xv.
Time is of the essence, waiver or delay accepted by any payee in any one instance shall
not be construed as waiver or abandonment of any of its rights under this agreement or
of waiver by any other payee.
xvi.
In the event that the transaction was not performed or only performed in part, the agents
shall not hold the undersigned payer responsible for any expenses, charges and/or cost,
or hold the payer liable for any civil and criminal actions provided the provider/payer was
Lessee’s/Buyer’s Initial:
11
Lessor’s Initial:
Transaction Code:
not responsible for the non-performance. The unperformed part of this IMFPA will
therefore automatically become null and void.
xvii.
The Lessee/Buyer and thier bank shall provide the beneficiaries, by e-mails or by
telefax, with copies of the swift/bank wire transfer related to all payment instructions
upon the closing of each and every tranche.
Both parties hereby agree that the disbursement of funds will be distributed as follows:
LESSEE/BUYERAGENT BANK COORDINATES FOR 1% OF STANDBY LETTER OF
CREDIT (SBLC) FACE VALUE:
Name
Address
Email Address
Account Name
Account Number
Bank Name
Swift Code
Bank Address
E. LESSEE/BUYER COMPANY CORPORATE RESOLUTION.
This is to certify that the board of directors of __________________________, having its
address at ____________________________________[hereafter called “company”] attended a
board of directors meeting which was duly and regularly called, noticed and held on
______________, at the company’s above referenced address at which there was present a
quorum thereof, wherein the following resolutions were unanimously adopted to withhold and it
was resolved that:
Mr ____________, with passport number ____, shall be and is hereby appointed to service as
director of finance of the company and that he is fully authorized to act individually as the sole
representative of the company to execute all necessary documents on behalf of the company in
connection with a BG transaction, and to effect the opening and operation of bank accounts on
Lessee’s/Buyer’s Initial:
12
Lessor’s Initial:
Transaction Code:
behalf of and for the benefit of the company at any bank he shall select, and be a signatory
thereon, to accept and disburse funds there from, at his discretion and determination, and to
execute investment or deposit agreements with his selected sources and banks with respect to
the company’s deposits therein, at his discretion, for and in the best interests of the company. It
was further resolved that ms. xxxxxxx( secretary of the company), shall be and is hereby
authorized and directed to certify that the foregoing resolutions and the provisions thereof are in
full conformity with the charter, by laws and articles of incorporation of the company, and that
the foregoing resolution and the authority thereby conveyed shall remain in full force and effect
until the purpose set forth herein are accomplished.
It is further certified that the above named director of the company has been duly elected and
appointed to hold office and is presently holding office and is empowered to act for and on
behalf of the company, and that this corporate resolution’s fax or photocopies shall be of equal
value to their original and shall be accepted as such by everyone, for all purposes, everywhere.
In witness, i have hereby set my hand and seal of the company in certification of the above
resolutions & provisions on this day __________
Signed and sealed by Lessee/Buyer
_______________________________________
Represented By:
Position:
Passport No:
Issue Date:
Expiry Date:
Country Of Issue
F. LESSEE/BUYERCOMPANY CERTIFICATE OF INCORPORATION
Lessee’s/Buyer’s Initial:
13
Lessor’s Initial:
Transaction Code:
G. LESSEE/BUYER INTERNATIONAL PASSPORT COPY
Lessee’s/Buyer’s Initial:
14
Lessor’s Initial:
Transaction Code:
H. LESSOR’S COMPANY CERTIFICATE OF INCORPORATION ( COI )
Lessee’s/Buyer’s Initial:
15
Lessor’s Initial:
Transaction Code:
I. LESSOR’S INTERNATIONAL PASSPORT COPY
Lessee’s/Buyer’s Initial:
16
Lessor’s Initial:
Transaction Code:
J. LESSEE/BUYER AND PROVIDER SIGNATURES & COMPANY’S STAMP/SEAL
After confirming this Deed Of Agreement (DOA) by signature and seal, the Agreement will
become a full recourse contract. Each party holds a copy of the contract. By their execution
below, the parties hereby agree to the general terms and conditions of this agreement and
ready to proceed with the Standby Letter of Credit (SBLC / SLOC)transaction.
Commerce Act of 2000 (ESIGN) and the Uniform Electronic Transactions Act (UETA). These
Acts state that electronic signatures have the same legal standing as pen-and-ink signatures on
a piece of paper.
Electronic Signature Is Valid And Accepted As Hand Signature [If All Parties Intended To
Sign The Document]
Lessee’s/Buyer’s Initial:
17
Lessor’s Initial:
Transaction Code:
This includes the U.S , Europe and other country, [The Uniform Electronic Transactions Act, or
UETA, was adopted in 1999]. Acoording to the Electronic Signature in Global and National
Signed And Sealed By Lessee/Buyer
-----------------------------------------Represented By:
Position:
Passport No:
Issue Date:
Expiry Date:
Country Of Issue:
Date:
Signed And Sealed By Lessor
-----------------------------------------Represented By:
Position:
Lessee’s/Buyer’s Initial:
18
Lessor’s Initial:
Transaction Code:
Passport No:
Issue Date:
Expiry Date:
Country Of Issue:
Date:
END OF DOCUMENT
Lessee’s/Buyer’s Initial:
19
Lessor’s Initial: