THIS PROCEDURE IS NOT FOR REFINERY DIRECT FROM US! DO NOT SEND THIS PROCEDURE TO A REFINERY!!!!

Size: px
Start display at page:

Download "THIS PROCEDURE IS NOT FOR REFINERY DIRECT FROM US! DO NOT SEND THIS PROCEDURE TO A REFINERY!!!!"

Transcription

1 Amended 11/4/2018 previous versions void CHINA ONSHORE TANK FARM MT799-MT760 SPOT PURCHASE TRANSACTION PROCEDURE FOR RE-SELLERS / RE-SELLING TO REFINERY! THIS PROCEDURE IS NOT FOR REFINERY DIRECT FROM US! DO NOT SEND THIS PROCEDURE TO A REFINERY!!!! IF YOU ARE DIRECT TO A REFINERY CONTACT US FOR REFINERY DIRECT PROCEDURE!!! ABSOLUTELY NO CHANGES TO THIS PROCEDURE WILL BE ACCEPTED WITHOUT ADVANCE WRITTEN APPROVAL BY SELLER! 1. Seller prepares Sales Purchase Agreement (SPA) and sends SPA to Buyer. Within four (4) business days buyer and Seller signs and seals Sales Purchase Agreement (SPA) and exchanges the signed copy of the SPA by electronic mail. Seller shall issue letter of Confirmation and Acceptance to buyer within twenty (24) hours with copy of Seller s International Passport or Identification and copy of Seller s Business Registration. The electronic signed and sealed copy of the SPA by both parties is considered legally binding and enforceable and should be lodged in nominated Buyer and Seller banks. 2. Buyer provides MT199 or MT999 or MT799 PRE - ADVICE Immediately (within twenty (24) hours) from Buyer s Bank to Seller s Bank giving notice to place instrument and requesting Tank Farm Documents ( SEE SELLER APPOVED VERBIAGE APPENDIX A ), Seller provides all the Tank Farm documents, including, Tank Receipt for Buyer's verification and confirmation of Product. 3. Upon the Buyer's verification and confirmation of the Tank Farm documents and product availability, within one working day Buyer Bank SWIFTS BLOCK FUND - MT799, or SWIFT SBLC-MT760 to Sellers Bank Account (within one working day) in an amount covering the product and good for (30) thirty days according to Sellers Approved Instrument Verbiage Appendix B or C. NOTICE: Purchase/Lease or Rented Instruments MUST be cash backed! 4. Upon the confirmation of MT799 or MT760, Seller issues Authority-to- Inspection for Q&Q Testing and provides the copy of all Tank Farm Documents and other related POP documents in buyer s name for MT103 preparation.

2 5. Upon the completion of Q&Q Test, the final CIQ report is sent to Seller and Buyer. 6. Within 3 banking days after the presentation against all the original POP documents of Commercial Invoice, Warranty of Title, other related POP document in Buyer s name at the counter of Buyer s bank, Buyer s Bank shall make the cargo payment per CIQ turn-out quantity and quality via Swift MT103 and Buyer simultaneously pays all commissions as in IMFPA or in SPA.. 7. Buyer has Cargo transferred from Onshore Tank Farm to Buyer Storage Facility within 72 hours after Final Payment for Cargo MT For future CIF delivery, after successful spot purchase, agreed CIF procedures shall be placed in SPA in secondary transaction procedures to be followed after the above procedures have been successful. Buyer s instrument shall be extended for future CIF deliveries. MUST COMPLETE PRE CONTRACT (SPA) QUALIFICATION PROCEDURES TO RECEIVE SPA. APPENDIX A SELLER S APPROVED SWIFT MT199/MT999/MT799 PRE-ADVICE VERBIAGE SENDER INFO. ISSUING BANK DETAILS (XXXXXXXXXXXXXX) BANK NAME: ADDRESS: ACCOUNT NAME: ACCOUNT NO.: SWIFT CODE: TELEPHONE NO.: BANK OFFICER: TRANSACTION REFERENCE NUMBER: DATE OF ISSUE: DATE OF MATURITY: DATE/PLACE OF EXPIRY: CURRENCY: UNITED STATES DOLLARS AMOUNT: XXX HUNDRED MILLION UNITED STATES DOLLARS (US$XXX,000,000.00) BENEFICIARY: AMOUNT: XXX,000,000 (XXX HUNDRED MILLION ONLY) WE, (ISSUING BANK), add: (ISSUING BANK ADDRESS), HEREBY IRREVOCABLY CONFIRM WITH FULL BANK RESPONSIBILITY THAT WE ARE READY TO ISSUE AND DELIVER THE [MT760 SBLC VIA SWIFTMT760 OR MT799 BLOCKED FUNDS VIA SWIFT MT799 ] ON BEHALF OF THE APPLICANT (ISSUER COMPANY

3 NAME). IN THE AMOUNT OF USDXXX,000, WITH A VALIDITY OF (30) THIRTY SINCE DATE OF ISSUE WITH OPTION OF EXTENSION OR ROLL OFER BY SENDER IN YOUR FAVOR FOR THE ACCOUNT OF XXXXXXXXXXXXXXXXXXXX ACCOUNT N0: XXXXXXXXXX UPON REPLY TO THIS SWIFT THAT RECEIVING BANK IS READY TO RECEIVE THE INSTRUMENT AND UPON APPLICANT RECEIVING VERIFIABLE AND CONFIRMABLE TANK FARM DOCUMENTS FROM SELLER PURSUANT TO THE SALES PURCAHSE AGREEMENT (SPA) BETWEEN THE PARTIES SUBJECT OF THIS PRE ADVICE. THIS SWIFT MESSAGE IS VERIFIABLE ON A BANK-TO-BANK BASIS, WITH DELIVERY OF MT999/MT199 WITHIN TWENTY FOUR (24) HOURS AFTER THIS MESSAGE. THERE WILL BE NO LIENS AND ENCUMBRANCES ON THESE INSTRUMENTS WHICH SHALL BE ALL DELIVERED TO YOUR BANK AND AVAILED VIA SWIFT MT760. FOR AND ON BEHALF OF [NAME OF THE APPLICANT S BANK] [ADDRESS OF THE APPLICANT S BANK] Officer 1 Officer 2..MESSAGE TRAILER COPY OF MT799 BLOCKED FUNDS OR MT760 SBLC TO BE SENT PLACED HERE APPENDIX B SELLER S APPROVED SWIFT SBLC - MT760 VERBIAGE FORMAT

4 SENDER INFO. MT760 BANK NAME: BANK ADDRESS: ACCOUNT NO: IBAN NUMBER: ACCOUNT HOLDER: SWIFT CODE: BANK BANK OFFICER: Bank Officer Tel: RECEIVING BANK: BANK : ACCOUNT NAME : BANK ADDRESS : SWIFT CODE : ACCOUNT. : BANK OFFICER NAME: BANK TEL. : BANK FAX : AMOUNT: XXX,000,000 (XXX HUNDRED MILLION ONLY) CURRENCY: USD DATE OF ISSUE: TBP 2018 DATE OF EXPIRATION: TBP 2019 REF.NO: TBP ON OFFICIAL SBLC WITH REFERENCE TO CONTRACT NO. XXXXXXXXXX In XXX AUGUST 2016 WE,XXXXXXXXX. ADDRESS AT: XXXXXXXXXXXXXX HEREBY OPEN OUR IRREVOCABLE STANDBY LETTER OF CREDIT NUMBER (XXXXXXXX. IN THE TOTAL AMOUNT OF USDXXX,000, IN FAVOUR of THE XXXXXXXX., FOR THE ACCOUNT OF XXXXXXXXXX, ACCOUNT NUMBER: XXXXXXXXXX.THIS INSTRUMENT IS FOR CONTRACT REFERENCE NUMBER XXXXXXXXXXXX FOR THE PURCHASE OF BONNY LIGHT CRUDE OIL AND CAN NOT BE USED FOR ANY OTHER PURPOSE. THIS STAND BY LETTER OF CREDIT IS REDEEMABLE AND PAYABLE UPON PRESENTATION ON DUE DATE AT OUR COUNTERS AGAINST YOUR DRAFT DRAWN AT SIGHT ON US ACCOM- PANIED BY YOUR SIGNED, NOTARIZED, AND DATED CERTIFICATE THAT THE AMOUNT CLAIMED HAS BECOME DUE AND REMAINS UNPAID. THIS STANDBY LETTER OF CREDIT IS ASSIGNABLE AND TRANSFERABLE. THE DRAFT DRAWN UNDER THIS CREDIT MUST BE MARKED ON THE FACE DRAWN UNDER (ISSUING

5 BANK) AND (ISSUING BANK ADDRESS, STANDBY LETTER OF CREDIT NUMBER (XXXXXX. ALL BANK CHARGES OTHER THAN THAT OF THE ISSUING BANK ARE FOR THE ACCOUNT OF THE BENEFICIARY. WE HEREBY ENGAGE WITH YOU THAT THE DRAFT DRAWN HEREUNDER WILL BE DULY HON- OURED BY US IF DRAWN IN ACCORDANCE WITH THE TERMS AND CONDITIONS STATED IN THIS STANDBY LETTER OF CREDIT. SUCH PAYMENT SHALL BE MADE WITHOUT SET OFF AND CLEAR OF ANY DEDUCTIONS OR CHARGES, FEES, OR WITHHOLDING OF ANY NATURE, NOW OR HEREINAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREIN OR THEREOF. THIS STANDBY LETTER OF CREDIT IS VALID FOR (30) THIRTY DAYS FROM THE DATE OF ISSUE WITH OPTION OF EXTENSION OR ROLLOVER BY THE SENDER.. THIS SWIFT IS AN OPERATIVE INSTRUMENT, NO HARD COPY SHALL FOLLOW. THIS STANDBY LETTER OF CREDIT IS SUBJECT TO THE UNIFORM CUSTOMS AND PRAC- TICE FOR DOCUMENTARY CREDITS ICC PUBLICATION NO. 600 LATEST EDITION AND ISP 98. FOR AND ON BEHALF OF (NAME OF THE APPLICANT 'S NAME) (ADDRESS OF THE APPLICANT 'S BANK Officer 1 Officer 2 APPENDIX C SELLER S APPROVED SWIFT MT799 BLOCKED FUNDS VERBIAGE FORMAT SENDER: RECEIVER: BANK NAME:

6 ADDRESS: ACCOUNT NAME: ACCOUNT NO.: SWIFT CODE: TELEPHONE NO.: BANK OFFICER: TRANSACTION REFERENCE NUMBER: DATE OF ISSUE: DATE OF MATURITY: DATE/PLACE OF EXPIRY: CURRENCY: UNITED STATES DOLLARS AMOUNT: XXX HUNDRED MILLION UNITED STATES DOLLARS (US$XXX,000,000.00) BENEFICIARY: AMOUNT: XXX,000,000 (XXXX HUNDRED MILLION ONLY) CURRENCY: USD DATE OF ISSUE: TBP 2018 DATE OF EXPIRATION: TBP 2018 REF.NO: TBP ON OFFICIAL BLOCKED FUNDS MT SWIFT MESSAGE TEXT WE BANK LOCATED AT addressed ON BEHALF OF OUR CLIENT, HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY THAT WE HAVE BLOCKED AND RESERVED CASH FUNDS, IN THE TOTAL AMOUNT OF USD XXX,000, (XXXX HUNDRED MILLION US DOLLAR) IN CLIENT ACCOUNT HOLDER: XXXXXXXXXXXXXXX With ACCOUNT NUMBER : XXXXXXXXXXXXXXXXX IN FAVOR OF: XXXXXXXXXXXXXXXXXXXXXXX. THIS INSTRUMENT IS FOR CONTRACT REFERENCE NUMBER XXXXXX FOR THE PURCHASE OF BONNY LIGHT CRUDE OIL AND CANNOT BE USED FOR ANY OTHER PURPOSE. WE HEREBY CONFIRM THAT WE HAVE IRREVOCABLY BLOCKED THE CASH FUNDS FOR ONE YEAR AND ONE DAY (366 DAYS) FOR THE BENEFIT OF ED PARTNERS LTD. THE CASH FUNDS ARE BLOCKED ON /. /2018, AND THE BLOCK WILL EXPIRY ON. /. /2019 WITH OPTION FOR EXTENSION OR ROLLOVER BY THE SENDER. THE PHYSICAL COPY OF THIS BLOCK FUNDS HAS BEEN DELIVERED TO THE BENEFICIARY'S RECEIVING BANK, FOR THE BENEFIT OF... WITH ACCOUNT NUMBER:. VIA BANK BONDED COURIER ACCORDING TO BANK PROTOCOLS. WE FURTHER CONFIRM AS PER INSTRUCTION OF OUR CLIENT THAT WE HAVE IRREVOCABLY BLOCKED, RESERVED THE AFOREMENTIONED CASH FUNDS IN THE FAVOR OF., ACCOUNT NUMBER: THESE CASH FUNDS WHICH ARE CLEAN, CLEAR AND FREE OF ANY LEVY LIENS OR ENCUMBRANCE AND THE RULE OF FULL DISCLOSURE HAS BEEN ESTABLISHED THAT SUCH FUNDS WERE LEGALLY OBTAINED FROM NON-CRIMINAL BUSINESS ACTIVITIES. WE CONFIRM THAT THESE FUNDS HERE HELD IN CUSTODY ARE NOT PERMITTED TO BE WITHDRAWN, MOVED OR TRANSFERRED DURING THE PERIOD OF THIS IRREVOCABLE BLOCK AND SHALL SERVE AS COLLATERAL TO SECURE ANY LOAN, CREDIT FACILITY OR CREDIT LINE.

7 THIS OPERATIVE INSTRUMENT IS NEGOTIABLE, ASSIGNABLE, TRANSFERABLE, DIVISIBLE AND CALLABLE AT MATURITY OR UPON REQUEST OF THE BENEFICIARY. THIS INSTRUMENT MAY BE CONFIRMED ON A BANK TO BANK BASIS. FOR AND ON BEHALF OF BANK: Officer 1 Officer 2

SALE & PURCHASE CONTRACT

SALE & PURCHASE CONTRACT =May 09, 2014 SALE & PURCHASE CONTRACT 300,000 MT (25,000 MT x 12 Months) CONTRACT REFERENCE NUMBER: 34000.58.090071S-AA This is the sale and purchase Contract of Rice. This Contract is made on this day

More information

"APPENDIX A" SWIFTTEXT FOR PRE-ADVICE O F SBLC VIA MT-799

APPENDIX A SWIFTTEXT FOR PRE-ADVICE O F SBLC VIA MT-799 HEREBY, IS REQUESTED AND AUTHORIZED, THAT THE CERTIFIED COLOR COPY OF THE GUARANTEE BY VIA SWIFT MT799 OR MT760 SWIFT, MUST BE SENT BY THE BANKER OF THE ISSUING BANK, BY VIA BANK SECURED EMAIL, TO THE

More information

COMPANY LIMITED LIGHT TRADING SOFT OFFER PRODUCT PRICE LIST 1. UREA GRANULAR AND PRILLED 2. NPK 3. DI-AMMONIUM PHOSPHATE (DAP) 4. SUGAR 5.

COMPANY LIMITED LIGHT TRADING SOFT OFFER PRODUCT PRICE LIST 1. UREA GRANULAR AND PRILLED 2. NPK 3. DI-AMMONIUM PHOSPHATE (DAP) 4. SUGAR 5. Issue Date: 01/13/2014 Expiry Date: 03/31/2014 Ref: LTCL/ASO/JAN-MAR2014 To: End Buyer/Buyer Mandate SOFT OFFER The undersigned company, Light Trading Company Limited located in the United States of America,

More information

MOU/SCO GOLD BULLION (AU METAL) F.O.B THAILAND

MOU/SCO GOLD BULLION (AU METAL) F.O.B THAILAND Date : April 29,2017 To : Principal Buyer Through : www.thaithanatintertrade.com Subj : AU Metal to be legalized for international export. Off the Market Private Treaty Sales. TERMS AND CONDITIONS. The

More information

INTERNATIONAL CHAMBER OF COMMERCE (I.C.C 400/500/600) IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA) SELLER IMFPA DATE: FACILITATOR (5)

INTERNATIONAL CHAMBER OF COMMERCE (I.C.C 400/500/600) IRREVOCABLE MASTER FEE PROTECTION AGREEMENT (IMFPA) SELLER IMFPA DATE: FACILITATOR (5) INTERNATIONAL CHAMBER OF COMMERCE (I.C.C 400/500/600) : IMFPA DATE: CONTRACT CODE: S TRANSACTION CODE: S CODE: BUYER S CODE: BUYER TYPE OF CONTRACT: COMMODITY: PRODUCT ORIGIN: CONTRACT QUANTITY: CONTRACT

More information

GUARANTEE TEXT FORMAT. Appendix 4A. A)Letter of Payment Guarantee 55550E Amount USDxxxxxxxxxxxxxxxxxxxxx

GUARANTEE TEXT FORMAT. Appendix 4A. A)Letter of Payment Guarantee 55550E Amount USDxxxxxxxxxxxxxxxxxxxxx GUARANTEE TEXT FORMAT Appendix 4A A)Letter of Payment Guarantee 55550E 11.2005 Amount USDxxxxxxxxxxxxxxxxxxxxx (United State Dollars xxxxxxxx Million ) Name of beneficiary: seller name We have been informed

More information

Treasury Consulting LLP Private Placement Program (PPP) Desk

Treasury Consulting LLP Private Placement Program (PPP) Desk 1 BUYER S CODE: SELLER S CODE: TRANSACTION CODE: DEED OF AGREEMENT THE SELLER: Corporate Office: Represented by: Passport No: Tel Number: Email: Mr. TBA TBA TBA TBA Hereinafter to the 'SELLER' on one part,

More information

FULL CORPORATE OFFER (FCO)

FULL CORPORATE OFFER (FCO) FULL CORPORATE OFFER (FCO) (example) Date: Dear xxxxxx In an effort to reach a successful resolution, we, xxx precenting Saudi Light Crude Oil, have the pleasure of submitting, for ARAMCO, our Full Corporate

More information

SOFT CORPORATE OFFER

SOFT CORPORATE OFFER Ref: HL/02/663-035/2013 Issued: 28 TH December, 2012 Expire: March, Ending 2013 Recipient: Buyer s or Buyer s Mandate. SOFT CORPORATE OFFER We Himnefteorgsintez LLC, is authorized consulting company approved

More information

SOFT CORPORATE OFFER

SOFT CORPORATE OFFER Ref: RL/361-PP/2013 Issued: 27 TH December, 2012 Expire: March, Ending 2013 Recipient: Buyer s or Buyer s Mandate. SOFT CORPORATE OFFER We, Resursneft LLC, under penalty of perjury hereby confirm our availability

More information

Documents Against Acceptance (D/A)

Documents Against Acceptance (D/A) Terms of Payment 0 Terms of Payment Documents Against Acceptance (D/A) Arrangement under documentary collection in which an exporter instructs the presenting bank to hand over shipping and title documents

More information

Irrevocable Standby Letter of Credit

Irrevocable Standby Letter of Credit Letter of Credit Name of Issuing Bank: Letter of Credit Number Place and Date of Issue: Expiry Date and Place for Presentation of Documents Applicant: Expiry Date: Attention: Place for Presentation: At

More information

MONETIZATION AGREEMENT

MONETIZATION AGREEMENT TRANSACTION CODE: This agreement is made and entered into this parties described below: by and between the THE FUNDER Corporate Name: Mailing Address: Represented By: Designation: Passport No.: Nationality:

More information

Standard Chartered Bank

Standard Chartered Bank Standard Chartered Bank (Hong Kong) Limited Trade Services Schedule of Standard Charges (Effective 1 st July 2018) Imports Opening Commission on Documentary Credits Irrevocable Documentary Credits Back-to-back

More information

FULL CORPORATE OFFER CIF-FOB-DIP & PAY

FULL CORPORATE OFFER CIF-FOB-DIP & PAY FULL CORPORATE OFFER CIF-FOB-DIP & PAY DATE: 2 December 2017 VALIDITY UNTIL: 8 January 2018 We Ofertas-commodities, as Seller Mandate of TRANS MAGISTRAL NEFT LLC, with REF confirms our readiness and TMN/BXCS234BXC/HBC672347/2017willingness

More information

PARK GENERAL LIMITED

PARK GENERAL LIMITED PARK GENERAL LIMITED 20-21 JOCKEY'S FIELDS LONDON UNITED KINGDOM, WC1R 4BW UK COMPANY REGISTRATION NO: 08886968 DATE:MAY 102014 SELLER CODE: PJGL/PGL/GBB/2014MD68106 BUYER CODE: TO: END BUYER VIA MR, DANIEL

More information

Irrevocable Standby Letter of Credit No. 0SB441 7M

Irrevocable Standby Letter of Credit No. 0SB441 7M [ctmeric~bank\ International Trade Services 6260 E. Mockingbird Lane, 2nd Fl. Dallas, TX 75214 Tel: 214-828-5913 Fax: 214-828-5992 SWIFT: MNBDUS33XXX,.~. [~EC3O i~i ~Ml1 :52 Irrevocable Standby Letter

More information

Amendment to a Documentary Credit Advice of a Third Banks Documentary Credit. Transfer of a Documentary Credit Transfer of a Documentary Credit

Amendment to a Documentary Credit Advice of a Third Banks Documentary Credit. Transfer of a Documentary Credit Transfer of a Documentary Credit SWIFT CODE Category 7: Documentary Credits and Guarantees Message type MT 700 MT 701 MT 705 MT 707 MT 710 MT 711 MT 720 MT 721 MT 730 MT 732 MT 734 MT 740 MT 742 MT 747 MT 750 MT 752 MT 754 MT 756 MT 760

More information

Standard Chartered Bank

Standard Chartered Bank Standard Chartered Bank (Hong Kong) Limited Trade Services Schedule of Standard Charges Doc Version 2.0 1 (Effective 01 July 2015) 1 Version 2.0 is issued on 01 October 2015 to include the Handling Charges

More information

N.N.P.C / SHELL / AGIP JOINT VENTURE OPERATORS BONNY TERMINAL, BONNY ISLAND.

N.N.P.C / SHELL / AGIP JOINT VENTURE OPERATORS BONNY TERMINAL, BONNY ISLAND. SALES AND PURCHASE AGREEMENT FOR CIF BONNY LIGHT CRUDE OIL (BONNY TERMINAL OFF OPEC TRANSACTION) TRANSACTION CODE: (TO BE NOMINATED BY TERMINAL) JOINT VENTURE CIF CONTRACT BETWEEN NIGERIAN NATIONAL PETROLEUM

More information

SALE AND PURCHASE AGREEMENT. This SALE AND PURCHASE AGREEMENT is made, executed, and entered into this day of by and between:

SALE AND PURCHASE AGREEMENT. This SALE AND PURCHASE AGREEMENT is made, executed, and entered into this day of by and between: Transaction Code: KNOW ALL MEN BY THESE PRESENTS: This SALE AND PURCHASE AGREEMENT is made, executed, and entered into this day of by and between: Equation Solution Inc a corporation with domicile at Blue

More information

DRAFT. Appendix F. Credit/Collateral Requirements. For Request For Proposals For Long-Term, Supply-Side Developmental Resources In Amite South

DRAFT. Appendix F. Credit/Collateral Requirements. For Request For Proposals For Long-Term, Supply-Side Developmental Resources In Amite South DRAFT Appendix F Credit/Collateral Requirements For 2014 Request For Proposals For Long-Term, Supply-Side Developmental Resources In Amite South Entergy Services, Inc. July 18September 17, 2014 DRAFT APPENDIX

More information

PUBLIC INTEREST REGISTRY (PIR).ORG. Credit and Payment Policies

PUBLIC INTEREST REGISTRY (PIR).ORG. Credit and Payment Policies PUBLIC INTEREST REGISTRY (PIR).ORG Credit and Payment Policies Credit Policies Registrars must have a Public Interest Registry ( PIR ) Registrar Financial Information Form and a Registrar Data Form on

More information

Sep 21, 2012 JAPAN INTERNATIONAL COOPERATION AGENCY. Brochure on Commitment Procedure for Japanese ODA Loans

Sep 21, 2012 JAPAN INTERNATIONAL COOPERATION AGENCY. Brochure on Commitment Procedure for Japanese ODA Loans Sep 21, 2012 JAPAN INTERNATIONAL COOPERATION AGENCY Brochure on Commitment Procedure for Japanese ODA Loans August 2012 Brochure on Commitment Procedure for Japanese ODA Loans August 2012 Section 1. Introduction

More information

WP45 Supplier Capacity Market Credit Cover

WP45 Supplier Capacity Market Credit Cover WP45 Supplier Capacity Market Credit Cover EMRS Working Practice Public Version: 5.0 Date: 30 August 2018 Table of Contents 1. Change Amendment Record 3 2. Introduction 4 2.1 Scope and Purpose 4 2.2 Main

More information

Appendix F. Credit/Collateral Requirements. For Request For Proposals For Long-Term Renewable Generation Resources For Entergy Louisiana, LLC

Appendix F. Credit/Collateral Requirements. For Request For Proposals For Long-Term Renewable Generation Resources For Entergy Louisiana, LLC Appendix F Appendix F For 2016 Request For Proposals For Long-Term Renewable Generation Resources For Entergy Louisiana, LLC DRAFT Entergy Services, Inc. March 24June 8, 2016 APPENDIX F CREDIT/COLLATERAL

More information

TRADE FINANCE PRODUCTS

TRADE FINANCE PRODUCTS TRADE FINANCE PRODUCTS Thriving international trade is a sign of a healthy global economy. Exports and imports combined drive a huge amount of growth and development in the world, but especially in emerging

More information

November 2018 Auction under ESP IV Acceptable Modifications to the SSO Supplier Letter of Credit

November 2018 Auction under ESP IV Acceptable Modifications to the SSO Supplier Letter of Credit November 2018 Auction under ESP IV Acceptable Modifications to the SSO Supplier Letter of Credit This document contains a preliminary list of modifications to the SSO Supplier Letter of Credit that are

More information

FORM K-1 PROPOSAL LETTER OF CREDIT. VIRGINIA DEPARTMENT OF TRANSPORTATION 1401 EAST BROAD STREET RICHMOND, VA ATTN: [ ] Transform 66 P3 Project

FORM K-1 PROPOSAL LETTER OF CREDIT. VIRGINIA DEPARTMENT OF TRANSPORTATION 1401 EAST BROAD STREET RICHMOND, VA ATTN: [ ] Transform 66 P3 Project FORM K-1 PROPOSAL LETTER OF CREDIT IRREVOCABLE STANDBY LETTER OF CREDIT ISSUER PLACE FOR PRESENTATION OF DRAFT APPLICANT BENEFICIARY PROJECT LETTER OF CREDIT NUMBER PLACE AND DATE OF ISSUE AMOUNT EXPIRATION

More information

DRAFT. Appendix 6 Standard Pre-Bid Letter of Credit. [On Issuing Bank s Letterhead] IRREVOCABLE STANDBY LETTER OF CREDIT. ( Date of Issuance )

DRAFT. Appendix 6 Standard Pre-Bid Letter of Credit. [On Issuing Bank s Letterhead] IRREVOCABLE STANDBY LETTER OF CREDIT. ( Date of Issuance ) Appendix 6 Standard Pre-Bid Letter of Credit [On Issuing Bank s Letterhead] IRREVOCABLE STANDBY LETTER OF CREDIT ( Date of Issuance ) Letter of Credit No. Beneficiary: ( ComEd ) c/o NERA Economic Consulting,

More information

CASE STUDIES ON DOCUMENTARY CREDITS AND UCP600

CASE STUDIES ON DOCUMENTARY CREDITS AND UCP600 CASE STUDIES ON DOCUMENTARY CREDITS AND UCP600 CASE STUDY 1 Banks have a practice of calling for the original LC at the time of presentation of documents and endorse any drawings on its reverse. LC's may

More information

APPENDIX V CALL FOR BIDS NO. NS13-1 FORM OF PROMISSORY NOTE FORM OF BANK LETTER OF GUARANTEE FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT

APPENDIX V CALL FOR BIDS NO. NS13-1 FORM OF PROMISSORY NOTE FORM OF BANK LETTER OF GUARANTEE FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT APPENDIX V FORM OF PROMISSORY NOTE FORM OF BANK LETTER OF GUARANTEE FORM OF IRREVOCABLE STANDBY LETTER OF CREDIT PLEASE NOTE: Pursuant to Paragraph 2.7 (b) (iii) of Call for Bids NS13-1, Work Deposits

More information

MINNESOTA STATE LOTTERY SECURITY DEPOSIT REQUIREMENTS

MINNESOTA STATE LOTTERY SECURITY DEPOSIT REQUIREMENTS MINNESOTA STATE LOTTERY SECURITY DEPOSIT REQUIREMENTS applicants who do not have a favorable credit history are required to maintain a security deposit for a minimum of six months. The security deposit

More information

SALES AND PURCHASE CONTRACT AGREEMENT FORCADOS LIGHT CRUDE OIL (FLCO) CIF. AND

SALES AND PURCHASE CONTRACT AGREEMENT FORCADOS LIGHT CRUDE OIL (FLCO) CIF. AND SALES AND PURCHASE CONTRACT AGREEMENT FORCADOS LIGHT CRUDE OIL (FLCO) CIF. BETWEEN (HEREINAFTER REFERRED TO AS THE SELLER/SUPPLIER WHICH EXPRESSION SHALL WHERE THE EXPRESSION SO ADMITS ITS HEIRS, SUCCESSORS

More information

BRAZILIAN SUGAR GROUP

BRAZILIAN SUGAR GROUP Date of Issue: July 26, 2010. SOFT OFFER SUGAR ICUMSA 45 ORIGIN BRASIL VALID UNTIL JULY 2010 SULTAN EXPORT LTD. THE SELLER, DOES HEREBY STATE, IS READY, WILLING AND ABLE TO ENTER INTO CONTRACT TO OFFER

More information

Appendix F. Credit/Collateral Requirements. For Western Region Request For Proposals For Long-Term Supply-Side Resources

Appendix F. Credit/Collateral Requirements. For Western Region Request For Proposals For Long-Term Supply-Side Resources Appendix F For 2011 Western Region Request For Proposals For Long-Term Supply-Side Resources DRAFT Entergy Services, Inc. September 30, 2011 CREDIT/COLLATERAL REQUIREMENTS I. SUMMARY ESI will evaluate

More information

2015 BGS Auctions ACCEPTABLE Modifications to the Post-Auction Letters of Credit November 3, 2014

2015 BGS Auctions ACCEPTABLE Modifications to the Post-Auction Letters of Credit November 3, 2014 2015 BGS Auctions ACCEPTABLE Modifications to the Post-Auction Letters of Credit November 3, 2014 This document contains a comprehensive set of modifications to the Post-Auction Letters of Credit that

More information

Dear Sirs Date : Country

Dear Sirs Date : Country LETTERS OF GUARANTEE / INDEMNITY APPLICATION: *Indicates mandatory information to be provided_ To : DBS BANK (CHINA) LIMITED ("Bank" or "You", which expression shall include its successors and/or assigns)

More information

Comparison of the current and future General Conditions of Credit Suisse AG

Comparison of the current and future General Conditions of Credit Suisse AG Comparison of the current and future General Conditions of Credit Suisse AG Current General Conditions (2015) Future General Conditions (2017) General Conditions These General Conditions govern the relationship

More information

Community Revitalization Fund Tax Credit Program Guidelines (2018) (Adopted as Final December 8, 2016)

Community Revitalization Fund Tax Credit Program Guidelines (2018) (Adopted as Final December 8, 2016) Community Revitalization Fund Tax Credit Program Guidelines (2018) (Adopted as Final December 8, 2016) Introduction: Act 84 of 2016 amended the Tax Reform Code of 1971 by adding Article XIX-E, the Mixed-Use

More information

Dear Sirs Date. Country. SWIFT Address

Dear Sirs Date. Country. SWIFT Address IRREVOCABLE STANDBY LETTER OF CREDIT APPLICATION *Indicates mandatory information to be provided_ To DBS BANK (CHINA) LIMITED ("Bank" or "You", which expression shall include its successors and/or assigns)

More information

PUNAI INVESTMENT & CONSULTANCY. Introducing Agent to SUISSE BANK GROUP

PUNAI INVESTMENT & CONSULTANCY. Introducing Agent to SUISSE BANK GROUP PUNAI INVESTMENT & CONSULTANCY Introducing Agent to SUISSE BANK GROUP Creditors and Commercial Banks are currently restricting credit lines or demanding additional securities Particularly in the International

More information

SECTION - IX FORMS AND PROCEDURES

SECTION - IX FORMS AND PROCEDURES SECTION - IX FORMS AND PROCEDURES Kenya Power and Lighting Company IX - 1 Contract A39 Table of Forms NOTIFICATION OF AWARD - LETTER OF ACCEPTANCE... 2 CONTRACT AGREEMENT... 3 APPENDIX 1. TERMS AND PROCEDURES

More information

LETTER OF CREDIT Checklist of Requirements and Sample Language Updated January 2018

LETTER OF CREDIT Checklist of Requirements and Sample Language Updated January 2018 LETTER OF CREDIT Checklist of Requirements and Sample Language Updated January 2018 This document provides an example format for Québec cap-and-trade system entities to submit a Letter of Credit (LOC)

More information

FORM LETTER OF CREDIT. Bank. (address) IRREVOCABLE STANDBY LETTER OF CREDIT FOR INTERNAL IDENTIFICATION PURPOSES ONLY

FORM LETTER OF CREDIT. Bank. (address) IRREVOCABLE STANDBY LETTER OF CREDIT FOR INTERNAL IDENTIFICATION PURPOSES ONLY FORM LETTER OF CREDIT Bank (address) IRREVOCABLE STANDBY LETTER OF CREDIT DATE: AMOUNT U.S. $ FOR INTERNAL IDENTIFICATION PURPOSES ONLY Our Number: Beneficiary: Applicant: Attn: At the request of: Ref:

More information

Corporate Banking. Trade Finance - Tariff & Fees

Corporate Banking. Trade Finance - Tariff & Fees Corporate Banking Trade Finance - Tariff & Fees Schedule of charges for Trade Finance products A - Imports / Local LCs: 1- Documentary Letters of Credit (LC) Issuance Commission Murabaha/Non-Murabaha (Sight/Usance

More information

WELCOME, WE ARE BUYERS OF:

WELCOME, WE ARE BUYERS OF: WELCOME, WE ARE BUYERS OF: ENERGY PRODUCTS AND HMS 1 & 2 PRODUCTS INCLUDE JP54 D2 and D6 PLEASE CONTACT US AT YOUR CONVENIENCE INFO@SUPERIOR-FUEL.COM SM Executive Summary SMR was formed by seasoned International

More information

DRAFT Post-Auction Letter of Credit

DRAFT Post-Auction Letter of Credit IMPORTANT: This Draft Post-Auction Letter of Credit is to be used for the sole purpose of the comment process on the Post-Auction Letter of Credit. The Final Post-Auction Letter of Credit, which may be

More information

Terms and Conditions for Foreign Correspondent Banks

Terms and Conditions for Foreign Correspondent Banks I. CURRENT ACCOUNT SEPTEMBER 2018 ACCOUNT CHARGES Account Maintenance One or two accounts More than two accounts Daily MT950 Statements of Account (Sent daily if there is a change in the account balance)

More information

GUIDELINES FOR IMPLEMENTING THE DECISION ON TERMS AND CONDITIONS OF PERFORMING FOREIGN PAYMENT TRANSACTIONS

GUIDELINES FOR IMPLEMENTING THE DECISION ON TERMS AND CONDITIONS OF PERFORMING FOREIGN PAYMENT TRANSACTIONS RS Official Gazette, Nos 24/2007, 31/2007, 41/2007, 3/2008, 61/2008, 120/2008, 38/2010, 92/2011, 62/2013, 51/2015, 111/2015 and 82/2017 Pursuant to Articles 21 and 45 of the Law on the National Bank of

More information

Service Tariffs Guide

Service Tariffs Guide Service Tariffs Guide Terms & Conditions Apply Subscribe in Al Ahly Murattabat programs & Enjoy numerous benefits and special offers Account Charges Current Accounts Opening an individual / joint account

More information

Bank of China (Malaysia) Berhad Standard Charges on International Trade Services Operations No Item Charges

Bank of China (Malaysia) Berhad Standard Charges on International Trade Services Operations No Item Charges No Item Charges 1.0 Export services - Non-L/C Bills 1.1 Outward Bills for Collection (Non-L/C Bills) (Clean and Documentary Items) (a) Foreign Currency (FC) (b) Local Currency (RM) (c) Snag bill handling

More information

Loan sizes start at 1+ million or higher No collateral from client neededcollateral

Loan sizes start at 1+ million or higher No collateral from client neededcollateral Loan sizes start at 1+ million or higher No collateral from client neededcollateral provided from third party Short term loan (30, 60, 90, 6 months, 1 year with rollover options) All Payments made upfront

More information

Sale & Purchase Agreement UREA 46

Sale & Purchase Agreement UREA 46 CONTRACT CODES AND REFERENCE NUMBERS: Sale & Purchase Agreement UREA 46 ORDER NO.: CONTRACT # Date :..2006 THIS AGREEMENT IS BETWEEN: THE : Address : Phone/Fax : Email : Represented by: THE BUYER : Address:

More information

Trade Finance Instruments TRADE FINANCE INSTRUMENTS. Trade Finance Instruments EEB - 1 -

Trade Finance Instruments TRADE FINANCE INSTRUMENTS. Trade Finance Instruments EEB - 1 - TRADE FINANCE INSTRUMENTS - 1 - Document Revision History Revision Date By Author Remarks 1 12/1/2017 Graham Bright Initial version created 2 3 1. 2. Contents About Us... 3 About Trade Finance... 4 What

More information

q q q q q q Irrevocable Documentary Credit Application

q q q q q q Irrevocable Documentary Credit Application Irrevocable Documentary Credit Application Application for* Irrevocable Documentary Credit issued by :** * Confirmed, Revolving, Transferable, Unconfirmed, Standby **Swift or Mail Date To : Trade Services

More information

*** CORPORATE ENTRY ***

*** CORPORATE ENTRY *** DOCUMENTATION ENCLOSED *** CORPORATE ENTRY *** DATE: TO: RE: Investment Authority Request for a Bank Guarantee CLIENT INFORMATION SHEET CORPORATE RESOLUTION LETTER OF INTENT SOURCE OF FUNDS AFFIDAVIT AUTHORIZATION

More information

2012 ICSC US Shopping Center Law Conference Roundtable USING LETTERS OF CREDIT FOR TENANT CREDIT ENHANCEMENT. Presented by:

2012 ICSC US Shopping Center Law Conference Roundtable USING LETTERS OF CREDIT FOR TENANT CREDIT ENHANCEMENT. Presented by: 2012 ICSC US Shopping Center Law Conference Roundtable USING LETTERS OF CREDIT FOR TENANT CREDIT ENHANCEMENT Presented by: Michael K. Kuhn Jackson Walker L.L.P. Houston, Texas I. Introduction. Cash security

More information

Appendix 8 Pre-Bid Letter of Credit for ComEd

Appendix 8 Pre-Bid Letter of Credit for ComEd Appendix 8 Pre-Bid Letter of Credit for ComEd [On Issuing Bank s Letterhead] IRREVOCABLE STANDBY LETTER OF CREDIT ( Date of Issuance ) Letter of Credit No. To: ( ComEd ) 1. We, (the Issuing Bank ), hereby

More information

Customer means the person whose name and address are specified in the Schedule;

Customer means the person whose name and address are specified in the Schedule; To: The HSBC Bank (China) Company Limited China Branch (PRC-law-governed Version) TRADE FINANCING GENERAL AGREEMENT 1. Definitions Authorised Person(s) means the person(s) authorized by the Customer to

More information

Transaction Banking Cash Management Price Guide Oman

Transaction Banking Cash Management Price Guide Oman Transaction Banking Cash Management Price Guide Oman Standard Chartered Bank in Oman is a branch of Standard Chartered Bank and is regulated by the Central Bank of Oman. 07/2017 Cash Management Account

More information

Latest ICC Opinions. Rita Ricci, CDCS Global Head, Trade Expertise Desk BNP Paribas

Latest ICC Opinions. Rita Ricci, CDCS Global Head, Trade Expertise Desk BNP Paribas Latest ICC Opinions Rita Ricci, CDCS Global Head, Trade Expertise Desk BNP Paribas Normand Girard, CDCS Director, Global Trade Operations BMO Financial Group TA.832rev CASE: - Letter of credit issued subject

More information

Banking fees, commissions, conditions and costs for services chargeable to customers UK BRANCH

Banking fees, commissions, conditions and costs for services chargeable to customers UK BRANCH Banking fees, commissions, conditions and costs for services chargeable to customers UK BRANCH June 2017 1 Contents Current Accounts 3 Cheques and Giro Credits 4 Domestic (Intra-UK) Transfers 5 Payments

More information

WORKERS COMPENSATION DEDUCTIBLE POLICIES DRAFT TEXT OF REGULATION

WORKERS COMPENSATION DEDUCTIBLE POLICIES DRAFT TEXT OF REGULATION WORKERS COMPENSATION DEDUCTIBLE POLICIES DRAFT TEXT OF REGULATION March 1, 2018 REG-2017-00018 Add to Title 10 of the California Code of Regulations: Article 9.8. Workers Compensation Deductible Policies.

More information

FORM OF NOTICE OF REQUEST FOR PROGRESS PAYMENT [, 20 ] *

FORM OF NOTICE OF REQUEST FOR PROGRESS PAYMENT [, 20 ] * Exhibit A Exhibit A to Asset Purchase and Sale Agreement FORM OF NOTICE OF REQUEST FOR PROGRESS PAYMENT [, 20 ] * PacifiCorp 825 NE Multnomah, Suite 600 Portland, Oregon 97232-2315 Attention: Director

More information

TERMS AND CONDITIONS APPLICABLE TO CREDIT INSTITUTIONS

TERMS AND CONDITIONS APPLICABLE TO CREDIT INSTITUTIONS ERSTE BANK HUNGARY ZRT TERMS AND CONDITIONS APPLICABLE TO CREDIT INSTITUTIONS Effective from: 01 October, 2018 1. General Provisions 1.1. These Terms and Conditions (hereinafter TC ) apply to all correspondent

More information

ANNEXE 14 MASTER PLEGDE AGREEMENT FOR CREDIT CLAIMS

ANNEXE 14 MASTER PLEGDE AGREEMENT FOR CREDIT CLAIMS ANNEXE 14 MASTER PLEGDE AGREEMENT FOR CREDIT CLAIMS does not occur, the Event of Default shall be deemed to occur upon the expiration of such period. (b) Default Rate means the legal interest rate applicable

More information

Trade Finance Wholesale Banking

Trade Finance Wholesale Banking Import Documentary Letters Of Credit Issuance: Sight or Usance Back to Back Letter of Credit Revolving Letter of Credit Standby Letter of Credit the first AED100,000 (Minimum 0.375% but not less than AED

More information

Denna kallelse till obligationsinnehavarna är endast utformad på engelska.

Denna kallelse till obligationsinnehavarna är endast utformad på engelska. Denna kallelse till obligationsinnehavarna är endast utformad på engelska. To the bondholders in: Stockholm, 3 December 2018 ISIN: NO0010776982 - Icelandair Group hf.- up to USD 300,000,000 Senior Unsecured

More information

WP42 Supplier CFD Credit Cover

WP42 Supplier CFD Credit Cover WP42 Supplier CFD Credit Cover EMRS Working Practice Public Version: 6.0 Date: 22 August 2017 Table of Contents 1. Change Amendment Record 3 2. Introduction 4 2.1 Scope and Purpose 4 2.2 Main Users of

More information

International Trade Terminologies

International Trade Terminologies International Trade Terminologies ASWP: Any Safe World Port; BCL: Bank Comfort Letter; Definition: BCL also known as a Bank Capability Letter, or Bank Confirmation Letter, this is a letter from the Buyer's

More information

NOTICE OF WRITTEN PROCEDURE AMENDMENT REQUEST

NOTICE OF WRITTEN PROCEDURE AMENDMENT REQUEST Denna kallelse till obligationsinnehavarna är endast utformad på engelska. To the bondholders in: Arise AB (publ) Stockholm, 23 February 2018 ISIN: SE0005906849 Arise AB (publ) SEK 1,100,000,000 Senior

More information

Standard Conditions of Carrying out Documentary Transactions

Standard Conditions of Carrying out Documentary Transactions Standard Conditions of Carrying out Documentary Transactions 1. Definitions Unless otherwise defined by the Agreement Agreement) and/or Other Agreement Associated Thereto or implied by its/their context,

More information

IMPORTS Import Letter of Credit Issuance (LC) Irrevocable Documentary Letter of Credit - As per arrangement with customer Issuance

IMPORTS Import Letter of Credit Issuance (LC) Irrevocable Documentary Letter of Credit - As per arrangement with customer Issuance Trade Product tariff effective 1 st April 2017 PRODUCTS CHARGES IMPORTS Import Letter of Credit Issuance (LC) Irrevocable Documentary Letter of Credit - Issuance Standby LC issuance Commission Back to

More information

PRIMAVERA. CONTRACT (draft) Primavera Importação e Exportação de Cereais, Ltda.

PRIMAVERA. CONTRACT (draft) Primavera Importação e Exportação de Cereais, Ltda. CONTRACT (draft) TRANSACTION CODE 2 Reference: ns/pal THE SELLER Company: Address: (city) (state) (postal code) (country) Primavera Importação e Exportação de Cereais, Ltda. Rua José Guimarães Quadra 103,

More information

STANDBY LETTERS OF CREDIT. SBLC s a perfect back up plan for your trade?

STANDBY LETTERS OF CREDIT. SBLC s a perfect back up plan for your trade? STANDBY LETTERS OF CREDIT SBLC s a perfect back up plan for your trade? 1 What is a SBLC The origins of the SBLC The differences with regular l/c s The differences with Bank guarantees The underlying rules

More information

DOCUMENTARY CREDITS. Advising of Documentary Credits

DOCUMENTARY CREDITS. Advising of Documentary Credits DOCUMENTARY CREDITS No Description Charges on Issuance of Documentary Credit (for validity up to 6 months or part thereof) Sight LC i. above Usance LC i. above 1 ii. Usance of 0.0625% per month Revolving

More information

IRREVOCABLE LETTER OF CREDIT NO.

IRREVOCABLE LETTER OF CREDIT NO. IRREVOCABLE LETTER OF CREDIT NO. Issue Date: Beneficiary: Amount: Expiration Date:, 20 The City of New Berlin, Wisconsin $, 20 RE: Name of Development This Letter of Credit covers Infrastructure Installation,

More information

Prepaid Documentary Credit Trade Finance General Agreement

Prepaid Documentary Credit Trade Finance General Agreement Prepaid Documentary Credit Trade Finance General Agreement To: The Hong Kong and Shanghai Banking Corporation Limited, New Zealand Branch. Trade Finance General Agreement 1. Definitions "Authorised Person(s)"

More information

a) Forint sight account interest 0% p.a. 0% p.a. a) Foreign currency sight account interest for all currencies 0% p.a. 0% p.a.

a) Forint sight account interest 0% p.a. 0% p.a. a) Foreign currency sight account interest for all currencies 0% p.a. 0% p.a. Corporate Payment Account List of Conditions Part I. Effective from 1st of January 2014 General Conditions This List of Conditions is an inseparable part of the General Business Conditions and the General

More information

Tab 35 - Uncollectible True-Up Process Table of Contents

Tab 35 - Uncollectible True-Up Process Table of Contents Tab 35 - Uncollectible True-Up Process Table of Contents Overview...2 Uncollectible Bad Debt Allowance...2 Uncollectible True-Ups...3 Detailed Process...3 Quarterly Factors...4 Cash True-Ups...5 Two-Month

More information

T E R M S А N D C O N D I T I O N S

T E R M S А N D C O N D I T I O N S T E R M S А N D C O N D I T I O N S February 2012 www.piraeusbank.bg Terms and Conditions of Piraeus Bank Bulgaria AD 2 / 23 CONTENTS 1. GENERAL PROVISIONS... 3 2. PAYMENTS IN BGN... 3 3. PAYMENTS IN FOREIGN

More information

Instructions for Requesting a Custodial Letter of Credit

Instructions for Requesting a Custodial Letter of Credit Instructions for Requesting a Custodial Letter of Credit The forms in this document may be printed and completed, or you may complete them in Adobe Acrobat Reader: Select the hand tool. Position the pointer

More information

SOLAR PHOTOVOLTAIC ALTERNATIVE ENERGY CREDITS REQUEST FOR PROPOSALS (RFP) RULES

SOLAR PHOTOVOLTAIC ALTERNATIVE ENERGY CREDITS REQUEST FOR PROPOSALS (RFP) RULES SOLAR PHOTOVOLTAIC ALTERNATIVE ENERGY CREDITS REQUEST FOR PROPOSALS (RFP) RULES Sample Pre-Bid Letter of Credit [On Issuing Bank s Letterhead] IRREVOCABLE STANDBY LETTER OF CREDIT ( Date of Issuance )

More information

Commercial Banking List of Conditions Part I.

Commercial Banking List of Conditions Part I. Commercial Banking List of Conditions Part I. Effective from 10 th of October 2016 I. General Conditions This List of Conditions is an inseparable part of the General Business Conditions of Corporate Services

More information

RULES OF THE DEPARTMENT OF COMMERCE AND INSURANCE DIVISION OF INSURANCE CHAPTER CREDIT FOR REINSURANCE TABLE OF CONTENTS

RULES OF THE DEPARTMENT OF COMMERCE AND INSURANCE DIVISION OF INSURANCE CHAPTER CREDIT FOR REINSURANCE TABLE OF CONTENTS RULES OF THE DEPARTMENT OF COMMERCE AND INSURANCE DIVISION OF INSURANCE CHAPTER 0780 1 63 CREDIT FOR REINSURANCE TABLE OF CONTENTS 0780 1 63.01 Authority 0780 1 63.02 Purpose/Application with other Standards

More information

FORWARD EXCHANGE FACILITIES

FORWARD EXCHANGE FACILITIES CHAPTER 4 FORWARD EXCHANGE FACILITIES Contents: 1. General. 2. Forward Quotations. 3. Forward purchase of foreign exchange against export of goods. 4. Forward sale of foreign exchange against import of

More information

STANDBY LETTER OF CREDIT AGREEMENT

STANDBY LETTER OF CREDIT AGREEMENT STANDBY LETTER OF CREDIT AGREEMENT THIS STANDBY LETTER OF CREDIT AGREEMENT (this Agreement ), dated and effective as of, 2015 is for the provision of a letter of credit, and is by and between the TRANSBAY

More information

FEES AND COMMISSIONS TARIFF FOR BANKS

FEES AND COMMISSIONS TARIFF FOR BANKS FEES AND COMMISSIONS TARIFF FOR BANKS I. ACCOUNTS II. CASH OPERATIONS III. TRANSFERS IV. COLLECTION OF DOCUMENTS AND COMMERCIAL PAPERS V. LETTERS OF CREDIT VI. CHEQUES VII. OPERATIONS WITH CORPORATE SECURITIES

More information

Understanding and Using Letters of Credit, Part I

Understanding and Using Letters of Credit, Part I Understanding and Using Letters of Credit, Part I Letters of credit accomplish their purpose by substituting the credit of the bank for that of the customer, for the purpose of facilitating trade. There

More information

Application to Participate in the Auction for Spectrum Licences for Advanced Wireless Services and other Spectrum in the 2 GHz Range

Application to Participate in the Auction for Spectrum Licences for Advanced Wireless Services and other Spectrum in the 2 GHz Range Bidder Identification Number 0 5 Application to Participate in the Auction for Spectrum Licences for Advanced Wireless Services and other Spectrum in the 2 GHz Range (Please print or type all information

More information

General Terms and Conditions for Foreign Correspondent Banks

General Terms and Conditions for Foreign Correspondent Banks I. Current account ACCOUNT OPENING DOCUMENTATION Account opening request (sent through an authenticated SWIFT message or by fax duly signed by authorized persons) Licence (copy certified by a public notary)

More information

T E R M S А N D C O N D I T I O N S

T E R M S А N D C O N D I T I O N S T E R M S А N D C O N D I T I O N S November 2013 www.piraeusbank.bg Terms and Conditions of Piraeus Bank Bulgaria AD 2 / 23 CONTENTS 1. GENERAL PROVISIONS... 3 2. PAYMENTS IN BGN... 3 3. PAYMENTS IN FOREIGN

More information

DEPOSIT AGREEMENT GUARANTEEING SITE PLAN IMPROVEMENTS WITH LETTER OF CREDIT

DEPOSIT AGREEMENT GUARANTEEING SITE PLAN IMPROVEMENTS WITH LETTER OF CREDIT Cottleville Project Number DEPOSIT AGREEMENT GUARANTEEING SITE PLAN IMPROVEMENTS WITH LETTER OF CREDIT THIS DEPOSIT AGREEMENT GUARANTEEING IMPROVEMENTS WITH LETTER OF CREDIT (the AGREEMENT ) made and entered

More information

FORWARD EXCHANGE FACILITIES

FORWARD EXCHANGE FACILITIES CHAPTER 4 FORWARD EXCHANGE FACILITIES 1. General. 2. Forward Quotations. 3. Forward purchase of foreign exchange against export of goods. 4. Forward sale of foreign exchange against import of goods. 5.

More information

NOTICE OF CANCELLATION NOTICE OF CANCELLATION OF THE MASSACHUSETTS AUTOMOBILE INSURANCE POLICY

NOTICE OF CANCELLATION NOTICE OF CANCELLATION OF THE MASSACHUSETTS AUTOMOBILE INSURANCE POLICY NOTICE OF CANCELLATION NOTICE OF CANCELLATION OF THE MASSACHUSETTS AUTOMOBILE INSURANCE POLICY [Safety Insurance Company] Date of Notice: Policy Number: Insured(s): XX/XX/XXXX XXXXXXX XXXXXX XXXXXXX XXXXXXXXXXXXX

More information

Announcement for correspondent banks

Announcement for correspondent banks Announcement for correspondent banks Effective as of January 1, 2017 Clean payments (fees charged monthly to Ordering Bank in EUR both for EU/EEA currencies unless related to a HUF vostro account at K&H)

More information

Tariff. for fees and commissions. June 2015

Tariff. for fees and commissions.  June 2015 Tariff for fees and commissions June 2015 www.piraeusbank.bg Tariff for fees and commissions 2 / 26 CONTENTS 1. GENERAL PROVISIONS... 3 2. PAYMENTS IN BGN... 4 3. PAYMENTS IN FOREIGN CURRENCIES... 4 4.

More information

Product - Imports & Exports Letter of Credits, Collections, Guarantee & Trade Loan. 1. Services : Imports Issuance of Letter of Credit (LC)

Product - Imports & Exports Letter of Credits, Collections, Guarantee & Trade Loan. 1. Services : Imports Issuance of Letter of Credit (LC) 1. Service level Agreement SLA Product - Imports & Exports Letter of Credits, Collections, Guarantee & Trade Loan 1. Services : Imports Issuance of Letter of Credit (LC) By 1pm on T Day Fulfillment : LC/Amendment

More information

T BANK LIMITED APPLICATION AND GUARANTEE FOR ISSUE OF IRREVOCABLE DOCUMENTARY LETTER OF CREDIT

T BANK LIMITED APPLICATION AND GUARANTEE FOR ISSUE OF IRREVOCABLE DOCUMENTARY LETTER OF CREDIT The Branch Head, T BANK LTD, ----------------------------- Branch Dear Sir, APPLICATION AND GUARANTEE FOR ISSUE OF IRREVOCABLE DOCUMENTARY LETTER OF CREDIT I/We request you to establish with your correspondent

More information