APPROVED FINANCIAL GUARANTEES THAT CAN BE USED / OTHER OPTIONS

ANNEXE 1.

USE OF ESCROW DEPOSITS, WITH THE ESCROW COMPANY (LEGAL BANK ACCOUNTS ) IN WESTERN EUROPE, USA OR ASIA ACTING AS GUARANTEED THIRD PARTIES, GUARDIANS OR INTERNATIONAL POLICEMAN, IN THE CONTRACT AGREEMENT. FUNDS DEPOSITED BY BUYER CAN ONLY BE CALLED-BACK BY BUYER, OR USED AS PART OF COST OF PRODUCT AT THE END OF THE 12 MONTHS CONTRACT. BUYER’S FUNDS ACTS AS GUARANTEES THAT BUYER IS READY AND THIS REPLACES USE OF FINANCIAL INSTRUMENTS, WHEN THIS OPTION IS ADOPTED. DRAFT CONTRACT WILL BE SIGNED BETWEEN BUYER, SELLER AND THE ESCROW. THE ESCROW LAW FIRM IS NOT INVOLVED IN THE NEGOTIATION BETWEEN BUYER AND SELLER. THEIR ROLE IS TO ENSURE THAT FUNDS OF BUYER [AND OR SELLER] IS/ARE SAFE AND THAT BOTH BUYER AND SELLER FULFIL THEIR OBLIGATIONS IN THE AGREED TRANSACTION.

ANNEXE 2. DIRECT FINANCIAL DEPOSIT [FOR A TRIAL LIFT] TO A CONSULTANCY COMPANY THAT IS RESPONSIBLE FOR APPOINTING OR SELECTING A SHIPPING COMPANY [ON SELLER’S BEHALF] THAT WILL TRANSPORT THE PETROLEUM PRODUCTS TO ITS DESTINATION PORT. THE SAID DEPOSIT WILL COVER ALL LOCAL FEES, PLUS THE EXPENSES, ETC; THAT WILL BE INCURRED FOR TRANSPORTING THE PRODUCTS TO ITS DESTINATION.

ANNEXE 3 [A]: ISSUANCE OF SBLC/MT760 TO SELLER BANK BY BUYER BANK.

SAMPLE OF SBLC/MT760, IF THE INSTRUMENT WILL BE ISSUED “DIRECT” BY THE ISSUING BANK TO RECEIVING BANK.

SBLC MT760 TEXT VERBIAGE   (FOR 12 MONTHS AND ONE  DAY – VALIDITY PERIOD)

 

SENDER 

BANK NAME:

BANK ADDRESS:

BANK TEL:

BENK OFFICER NAME:

SWIFT CODE: 

ACCOUNT NAME:

ACCOUNT NO:

 

RECEIVER

BANK NAME:                   

BANK ADDRESS:

BANK TEL:

BENK OFFICER NAME:

SWIFT CODE: 

ACCOUNT NAME: 

ACCOUNT NO:

TRANSACTION CODE:

SBLC NO:

CURRENCY:EUROS

AMOUNT:0,000,000.00

ISSUING DATE:

MATURITY DATE:

BENEFICIARY NAME:

FOR THE VALUE RECEIVED, WE …………………………………………………………………………………………..HEREBY IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST OR NOTIFICATION PROMISE AND GUARANTEE TO PAY ON TIME, IN FULL AND WITHOUT DELAY, AGAINST THIS STANDBY LETTER OF CREDIT IN FAVOUR  OF ………..CO.,LTD. THE BENEFICIARY THEREOF, AT MATURITY THE SUM OF 00,000,000.00 (…………..HUNDRED MILLION EUROS) IN THE LAWFUL CURRENCY OF EUROPEAN UNION EUROS

SUCH PAYMENT WILL BE UPON PRESENTATION AND SURRENDER OF THIS STANDBY LETTER OF CREDIT   AT THE OFFICE OF ……………..BANK WITHOUT SETOFF AND FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEE OR WITHHOLDING OF ANY NATURE NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF THE ISSUING OR PAYING BANK OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.

THIS STANDBY LETTER OF CREDIT SHALL BE GOVERNED AND BE CONSTRUED IN ACCORDANCE WITH THE UNIFORM RULES FOR DEMAND GUARANTEE (URDG), AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE ICC PUBLICATION #.758

THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE, ASSIGNABLE, DIVISIBLE AND CASH BACKED, WITHOUT PRESENTATION TO US.

For and on behalf of:

BANK OFFICER 1                                                                                                BANK OFFICER 2

TITLE (PIN)                                                                                                                         TITLE (PIN)

 

ANNEXE 3 [B]:

SAMPLE OF SBLC/MT760, IF INSTRUMENT SHOULD BE SENT THROUGH ISSUING BANK’S CORRESPONDING BANK TO RECEIVING BANK

SBLC MT760 TEXT VERBIAGE (FOR 12 MONTHS AND ONE  DAY – VALIDITY PERIOD)

 

SENDER 

CORRESPONDENT BANK:            

BANK ADDRESS:                           

SWIFT CODE:                                 

ROUTING NUMBER:                    

BENEFICIARY BANK A/C NO.:    

BENEFICIARY BANK:                    

SWIFT CODE:                                

BENEFICIARY NAME:                  

 

RECEIVER

BANK NAME:                                                       

BANK ADDRESS:                                   

ACCOUNT NAME:                             

ACCOUNT NUMBER:             

BANK OFFICER’S NAME:                       

BANK OFFICER’S PHONE:          

OFFICE TEL NUMBER:                                                             

SWIFT CODE:                                                  

EMAIL ADDRESS:                                      

TRANSACTION CODE:

SBLC NO:

CURRENCY:USD

AMOUNT:                                     

ISSUING DATE:

MATURITY DATE:

BENEFICIARY NAME:

 

 

FOR THE VALUE RECEIVED, WE, (Name of Issuing Bank); WITH SWIFT CODE: ( Quote swift code), AND AS (A CONFIRMING BANK OF: (Name of confirming bank), WITH SWIFT CODE: (Quote swift code of confirming bank) ON BEHALF OF: (Quote name of buying company whose instrument is being issued).;  HEREBY IRREVOCABLY AND UNCONDITIONALLY, WITHOUT PROTEST OR NOTIFICATION PROMISE AND GUARANTEE TO PAY ON TIME, IN FULL AND WITHOUT DELAY, AGAINST THIS STANDBY LETTER OF CREDIT IN FAVOUR  OF : (Quote Beneficiary / Receiving account holder); THE BENEFICIARY THEREOF, AT MATURITY THE SUM OF USD$……………… (MILLION, AMERICAN DOLLARS) IN THE LAWFUL CURRENCY OF AMERICAN DOLLARS (USD).

SUCH PAYMENT WILL BE UPON PRESENTATION AND SURRENDER OF THIS STANDBY LETTER OF CREDIT   AT THE OFFICE OF ……………….BANK, WITHOUT SETOFF AND FREE AND CLEAR OF ANY DEDUCTIONS, CHARGES, FEE OR WITHHOLDING OF ANY NATURE NOW OR HEREAFTER IMPOSED, LEVIED, COLLECTED, WITHHELD OR ASSESSED BY THE GOVERNMENT OF THE ISSUING OR PAYING BANK OR ANY POLITICAL SUBDIVISION OR AUTHORITY THEREOF OR THEREIN.

THIS STANDBY LETTER OF CREDIT SHALL BE GOVERNED AND BE CONSTRUED IN ACCORDANCE WITH THE UNIFORM RULES FOR DEMAND GUARANTEE (URDG), AS SET FORTH BY THE INTERNATIONAL CHAMBER OF COMMERCE, PARIS, FRANCE ICC PUBLICATION #.758

THIS STANDBY LETTER OF CREDIT IS TRANSFERABLE, UNCONDITIONAL, ASSIGNABLE AND DIVISIBLE WITHOUT PRESENTATION TO US.

 

For and on behalf of:

 

BANK OFFICER 1                                                                                                                                                       BANK OFFICER 2

TITLE (PIN)                                                                                                                         TITLE (PIN)

 

ANNEXE 4:

BANK GUARANTEE: MT799BLOCKED FUND VIA MT760 OR MT103 BLOCKED FUND, WITH A VALIDITY PERIOD OF 12 MONTHS AND ONE DAY.

ONLY AN MT799 BLOCKED FUND VIA MT760 OR MT103 BLOCKED FUND FROM BUYER IS ACCEPTABLE. NOTE THAT THE BG MUST BE IRREVOCABLE, TRANSFERABLE, ASSIGNABLE, UNCONDITIONAL, ETC; WITH A VALIDITY PERIOD OF 12 MONTHS AND ONE DAY.

ATTENTION:

TO ALL PROSPECTIVE BUYER CLIENTS: [V.I.P.]

OOO ONDATORG DESERVES THE RIGHT TO CHOOSE A «PARTICULAR GUARANTEE PAYMENT OPTION», IF THE DESTINATION PORT OF A BUYER IS AMONGST DESIGNATED «FRAGILE STATES» IN THE GLOBE.