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2-TheCl os i
ngPr oc edureWi t
hPOF:
a.Sel
lerwi l
lsendi tsof f
erf orrece i
vingt hede alpac kage( t
het extofa cce ptanc eLOI ,BG,MT799
andc ontract).
b.Buye rwi l
ls endt hepa c kagetot heSe ll
e r
.
c.Sel
lerwi l
lsignt heLOIa ndwi llsendt ha tplusaCI S(cli
enti nformations he et)tot heBuye r
.
d.Buye rwi l
ls i
gnt heLOIa ndwi llsendt ha tplust heBuye r
'sCI Sandt het ransa ct
ionc ode s(besi
de
Buye rwi llma ker ea dyi t
sba nkf orr ec
e ivingac onta ctme ssa
gef romtheSe llerba nk) .
e.Sel
lerBa nkwi lls endt heBGvi aaSWI FTMT799wi t
hin72hour s
.
f.BuyerBa nkwi llde li
vert hepriceoft hepur cha s
e dBGbyac onditi
ona lme s sageMT103( fi
eld23)
viaSWI FTwi thin72hour s.
g.Wi thin1we ekhour s,theSe ll
e rBa nkwi l
ls endt heha rdc opyoft heBGbyi tsba nkc ourier.
h.Thec onditiona lSWI FTwi l
lbeunc ondi tionala ndwi l
lber e a
lizeinf avoroft heBuye ra ssoonas
theha r
dc opyofBGber ec ei
vedbyt heBuye rBa nk.
He re
byIs houldr emi ndyout hatbot ha bovepr ocedur eares afea ndfullle gallya ndla wfula ndthereis
nor i
skf ort heSe llera ndthei ssuerba nk.I nt hef i
rstpr ocedure( wi t
hPOF)a fterr e
ce i
vingt hePOF,
BuyerBa nks houl ds endt heBGvi aaSWI FTMT760,buti nthes ec
ondwa y,a tthef ir
st,theSe l
ler
bankwi llc heckt hea bilit
iesoft heBuye randi tscre ditbyaf reede li
ve r
ya ndc he ckingthet ransac
tion
codesa nda ft
ertha twi llst
a rtbyaSWI FTMT799,buta gainstthisa ct
ionwi llrec e
ivemone ybya
SWI FTMT103.

Wewi
llbewa
it
ingf
oryourr
epl
ysoon.

Admini
str
ati
onDe
par
tme
nt
AshNason

Pa
ge2
 SAMPLE TEXT OF THE BANK GUARANTEE

FROM:
BANK ADDRESS:

TO:
ADDRESS:
ACCOUNT NAME:
ACCOUNT NUMBER:
SWIFT CODE
BANK OFFICER

LETTER OF GUARANTEE NO:

CURRENCY CODE: Euros

DATE OF ISSUE:
DATE OF MATURITY:
DATE OF EXPIRY:
APPLICANT:
BENEFICIARY:
AMOUNT:

We herewith open our Letter of Guarantee No: ………….. as follows:

For value received by us, we .......................................... Bank [Name of Bank], address:

hereby irrevocably and unconditionally without protest or
notification promise to pay against this Letter of Guarantee No: _____ in favour of ,
addressed at or holder on maturity date the sum of [amount by Numeral] ( Amount by
alphabet) in the lawful currency of the European Union upon presentation to us of the original of this Bank
Letter of Guarantee at our counters on maturity date, but not later than fifteen days after the maturity
date.
Such payment shall be made without set-off and clear of any deductions, charges, fees or
withholdings of any nature, now or hereinafter imposed, levied, collected, withheld or assessed by the
Government of the Issuing Bank or any political subdivision or authority thereof or therein.
This Letter of Guarantee is transferable and assignable to us without presentation or payment of any
transfer or assignable fee.

This Letter of Guarantee is subject to the Uniform Rules for Bank Guarantee under ICC Publication.

Signature of Authorized Bank Officer Signature of Authorized Bank Officer

Name: Name:

Title: Title:

Pin Code: Pin Code:

BANK SEAL
 SAMPLE TEXT OF THE SWIFT MT 799

SENDING BANK
BANK NAME :
BANK ADDRESS:
BANK OFFICER:
TELEPHONE:
SWIFT CODE:
ACCOUNT NAME:
ACCOUNT NUMBER:
CORRESPONDES BANK:
ADDRESS:
SWIFT CODE:
ACCOUNT NUMBER:
AMOUNT:
BENEFICIARY NAME:
SIGNATORY:
BENEFICIARY’S ADDRESS:
RECEIVING BANK
BANK NAME:
ADDRESS:
ACCOUNT NAME:
ACCOUNT NUMBER:
SWIFT CODE
BANK OFFICER

WE, BANK, [name of issuer bank] WITH ADDRESS AT

, AS PER YOUR REQUEST AND INSTRUCTIONS, HEREBY CONFIRM, WITH
FULL BANK RESPONSIBILITY, THAT OUR CLIENT [CLIENT’S NAME] REPRESENTED BY [NAME],
[COUNTRY] PASSPORT NUMBER [N° ], HAS ON DEPOSIT IN OUR BANK A [CASH,
INSTRUMENT] AMOUNT OF EURO [xx,000,000.00] EURO [amount by alphabet] IN THE ABOVE
REFERENCED ACCOUNT.

THESE FUNDS ARE GOOD, CLEAN, CLEAR AND OF NON-CRIMINAL ORIGIN, EARNED FROM
LEGAL SOURCES, FREE OF ANY LIENS AND ENCUMBRANCES, AVAILABLE TO THE CLIENT
WITHOUT ANY RESTRICTION. WE, BANK, ALSO
CONFIRM THAT THESE FUNDS ARE READY TO BE CONFIRMED PLEDGED THROUGH
BANKING CHANNELS TO ANY BANK THAT YOUR CLIENT WISHES.

WE, BANK, [name

of issuer bank] ALSO CONFIRM WITH FULL BANKING RESPONSIBILITY THAT, WE ARE READY,
WILLING AND ABLE TO DELIVER BANK GUARANTEE (TRANSMISSION SWIFT FORMAT/MT-760)
FOR ANY AMOUNT OF EURO IN FAVOUR OF THE BENEFICIARY , FOR AND
ON BEHALF OF BANK HEAD OFFICES.

THIS _______________ DAY OF _________________