VISIT OUR UPDATED HOME PAGE AT

 pakmarineltd.com

 

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PAK MARINE LTD., Tokyo

PROCEDURES TO GET FRESH-CUT (FC) AND 100% CASH-BACKED BG/SBLC (BANK GUARANTEE) & SBLC FOR LEASE OR FOR PURCHASE FROM TOP 10 BANKS OF THE WORLD AND MOSTLY FROM HSBC LONDON, OR CREDIT SUISSE, OR BARCLAYS, GERMANY & DUBAI, OR DUTSCHE BANK, FRANKFURT

I  AM DIRECT MANDATE TO THE PROVIDER

 

OUR NO UPFRONT FEE, BANK TO BANK, PROCEDRE FOR LEASE OR FOR PURCHASE OF BG OR OF SBLC

 

MT 799 BLOCKFUNDS OR ICBPOS PAYABLE AFTER VERIFICATION OF OUR MT760 FROM ANY OF THE TOP BANKS OF THE WORLD

 

1.   You send LOI and your bank approval of our ICBPO Verbiage. Neither RWA nor any Payment commitment required from your Bank

2.   .We send Countersigned Contract

3.   You send BlockFunds MT799 or ICBPO for 9% in case of Lease or 52% in case of Purchase

4.   Top Bank sends MT799 Pre-Advice

5.   Top Bank sends MT760 after receiving confirmation from your bank in response to our earlier Pre-Advice.

6.   You pay 9% (Lease Fee) OR 52% (Purchase Fee) to Provider Bank by MT103 after Verification of MT760 and also pay commissions 3% to Intermediaries

 

 

 

If you do not have 9% cash in your account to issue ICBPO, contact us for Escrow Deposit Procedure.

(1)  ESCROW MINIMUM DEPOSIT shall be based as follows:

 

              500,000 to 10M= Minimum of 60,000 USD/EURO

10M to 50M    = Minimum of 100,000 USD/EURO,

51M to 100Mm  = Minimum of 150,000 USD/EURO,

101M to 500M =  Minimum of 200,000 USD/EURO,

 

 

 

THERE ARE 2 WAYS TO GET A PRE-ADVICE FROM THE TOP ISSUING BANKS.

 

AS THERE IS NO FREE LUNCH IN THE WORLD, YOU HAVE TO PAY FOR IT.

THERE IS NO PRE-ADVICE IN THE WORLD FREE WITHOUT SOME COLLATERAL FROM CLIENT FIRST.

NO TOP BANK WILL EVER SEND ANY RWA OR PRE-ADVICE FIRST. YOU HAV TO PROVIDE COLLATRAL FIRST.

There is no possibility anywhere in the world that any Provider will give you any RWA or Pre-Advice even for one Million free without any COLLATERAL. If you find any such Provider anywhere in the world, please introduce me, I will give you handsome commission.

Better to forget about any such possibility. Our No Upfront Fee, bank to bank, Procedure now is available. You have to first provide COLLATERAL for 9% (Lease) OR for 52% (Purchase) of your desired face value of BG/SBLC. We FIRST require your collateral in the form of MT799 BlockFunds or ICBPO;

OR a Collateral of Escrow deposit from $60,000 to $200,000 is required for a BG of $10M to $500M. If you are interested in our Escrow deposit to a US Attorney Procedure, OR for a No Upfront Fee Procedure LOI (Letter of Intent), contact by email as given below.

No Pre-Advice first from us without your collateral first to us

 

PRE-ADVICE MT799 FIRST FROM US IS REQUIRED BY THOSE CLIENTS WHO HAVE NO CASH AND WANT A BG/SBLC BY ACTIVATING THEIR CREDIT LINE USING  OUR BANK COMMITMENT TO THEIR BANK TO ACTIVATE THEIR CREDIT LINE. IT IS NOT FREE. PAY FOR IT OR PROVIDE COLLATERAL ICBPO OR MT799 BLOCKFUNDS TO US FIRST TO GET OUR PRE-ADVICE.

 

It is unrealistic to expect the Issuing bank to issue any MT799 or pre-Advice to someone who is not giving his collateral first in the form of ICBPO or MT799 Blockfunds or Escrow deposit MT799 Pre-Advice is a commitment from the Issuing bank, which cannot be free without any collateral from the buyer first.

Can you buy a fish in the market without first paying its price? How Issuing bank can make a commitment to issue 100% cash-backed BG/SBLC without any collateral from you?

 

All such clients who want Pre-Advice first from us show that they have no CASH to deal with us.

They want to activate their Credit Line based on our Bank free commitment for them.

Unless you have 9% CASH, not Credit Line, you cannot get a BG/SBLC on your Credit line only.

Please follow our Procedure

Regards,

Hussain Khan, M. A. Tokyo

hussaintokyo5@gmail.com & cj@towardsquran.com

 

Visit some of my Home Pages as below:

www.pakmarine.net

http://www.ourquran.net/DAWNArticles.pdf

http://www.ourquran.net

Skype: hkhanjp

Mobile:81-9033566207

Kitano 4-9 -1, Mitaka-Shi, Tokyo 181-0003

Read some of my Articles on a popular Website

http://www.makepakistanbetter.com/why_how_what_user.aspx?userid=Hussain_Khan_Tokyo

 

 

 

OUR NON-rECOURSE (NO-PAYBACK) MONETIZING PROCEDURE THROUGH ESCROW PAYMENT TO AN US ATTORNEY

 

FOR EXAMPLE TO MONETIZE A BG OR SBLC  OF 10 MILLION DOLLARS, YOU HAVE TO REMIT FIRST $60,000+$19,800 ESCROW PAYMENT TO OUR US ATTORNEY AND THEN YOU FIRST RECEIVE  5.7 MILLION DOLLARS CASH FROM US THROUGH SWIFT MT103.23 AND THEN PAY BACK OUR FEES 9+ 3=12% OUT OF OUR MONETIZED AMOUNT.

 

WE HAVE PROCEDURES TO ISSUE AS WELL AS MONETIZE LEASED BG/SBLC AT 57%, NON-rECOURSE (NO-PAYBACK)

NO NEED TO PAY 9 +3 BG/SBLC COST FROM YOUR OWN FUNDS. THESE CAN BE PAID FROM THE MONETIZED AMOUNT OF 57%, WHICH WE WILL SEND YOU BY mt103.23 WITH THE .23 CONDITION ATTACHED THAT YOU HAVE TO REMIT US 9+3=12% BACK TO US. TO GET THIS SWIFT MT103.23 OF YOUR MONETIZED AMOUNT OF 57%, YOU HAVE TO PAY US TRANSMISSION FEES AS BELOW IN CASE OF ESCROW DEPOSIT WITH OUR US ATTORNEY

 

Go for a very small BG/SBLC first. Then go for a bigger face-value BG/SBLC after increasing YOUR CASH DEPOSITS by discounting OR MONETIZING YOUR  1st BG/SBLC through us.

WE MONETIZE OUR OWN BG OR SBLC ONLY, NOT ANY OUTSIDE INSTRUMENTS

 

BG/SBLC MONETIZING PROCEDURES:

 

YOU CAN GET CASH FROM A MINMIUM OF

4.5 MILLION TO 225 MILLION DOLLARS OR EUROS

IN 2 WEEKS IN FIRST TRANCHE,

 

WITHOUT ANY REQUIREMENT TO PAY OUR 9 + 3 LEASE FEES AND COMMISSIONS, AS THOSE CAN BE PAID BY YOUR BANK AFTER THE MONETIZER SENDS YOU MONETIZED AMOUNT 57% THROUGH MT103.23 ON CONDITION THAT YOU PAY 9+3=12%. IN SUCH A CASE IT IS EXPECTED THAT AS YOUR BANK WILL RECEIVE 57% BY PAYING 12% THROUGH OUR SWIFT MT103.23, IT WILL COOPERATE TO PAY 12% FIRST IN EXCHANGE TO RECEIVING 57% FROM THE MONETIZER ON BANK TO BANK BASIS.

 

IT IS ALL POSSIBLE ONLY IF YOU HAVE THE COURAGE TO RISK REQUIRED ESCROW DEPOSIT AND TRANSMISSION CHARGES WITH OUR US ATTORNEY FIRM IN CALIFORNIA

 

IF YOU WANT BG/SBLC WITHOUT ANY UPFRONT FEE, THEN YOU WILL HAVE TO PAY ALL THESE FEES AND COMMISSIONS YOURSELF AFTER FIRST GETTING BG/SBLC FROM US AGAINST YOUR ICBPO OR BLOCKFUNDS POF MT799 OR MT103.23. THEN TRANSFER THAT LEASE BG/SBLC TO OUR MONETIZER THROUGH YOUR BANK, IF YOU WANT TO GET IT NON-RECOURSE MONETIZING THROUGH US.

 

REQUIRED PAYMENTS

 

ESCROW DEPOSIT CHARGES FOR GETTING BG/SBLC + NON-REFUNDABLE TRANSMISSION CHARGES FOR REMITTING MONETIZED AMOUNT THROUGH SWIFT MT103.23, AS FOLLOWS

 

(1)  SWIFT MT103.23 CHARGES:

 

 

1)             Client has to pay the following appropriate Non-Refundable Transmission charges to our appointed US Attorney to get Swift 103.23 from the Monetizer according to its required face value of the BG/SBLC:


1M to 5M EUR/USD   = 14,500 USD/EUR
5M to 10M EUR/USD = 19,500 USD/EUR
10M to 20M EUR/USD = 29,500 USD/EUR
20M to 50M EUR/USD = 34,900 USD/EUR
50M to 100M EUR/USD = 49,500 USD/EUR
100M to 150M EUR/USD = 68,000 USD/EUR
150M to 200M EUR/USD = 75,300 USD/EUR

These will be additional non-refundable charges for sending MT103.23 Swift and shall be added to the Escrow deposit charges as per the Escrow Agreement.

 

(2)  ESCROW MINIMUM DEPOSIT shall be based as follows:

 

              500,000 to 10M= Minimum of  60,000 USD/EURO

10M to 50M    = Minimum of 100,000 USD/EURO,

51M to 100Mm  = Minimum of 150,000 USD/EURO,

101M to 500M =  Minimum of 200,000 USD/EURO,

 

Apply for 10M BG/SBLC and GET net 4.5 MILLION DOLLARS OR MORE HALAL , INTEREST-FREE, NO-PAYBACK, OBLIGATION-FREE CASH BY RISKING $60,000 + 19,800=$79,800 OR MORE FOR YOUR PROJECT FUNDING

 

 

 

 

Please do not waste your time and of ours by offering alternate Procedures to get a BG/SBLC. No Provider in the world would ever change his Procedures to accommodate your convenience. Accept or Reject the Procedures given BELOW by OUR Provider. Choose which one of the GIVEN Procedures BELOW suits you best, but donft waste your energies in asking any changes in these Procedures. These are all non-negotiable Procedures. Go around the world and you will not be able to find a single Provider who will accept your-suggested Procedures.

NEW DEVELOPMENTS IN LENDING BG/SBLC BUSINESS

 

1) FEES REDUCED FROM 11%~13%, as on Euroclear, TO 9% ONLY BY SOME BANKS for Fresh-cut, 100% Cash-Backed BG/SBLCs, especially by HSBC, Barclays and Duetsche Bank etc..

 

2) SOME BRANCHES OF HSBC, BARCLAYS & SOME OTHERS ISSUING BG/SBLCs FRESH CUT 100% CASH-BACKED BG/SBLC PRIVATELY.

 

3) ALL PAYMENTS OF FEES AND COMMISSIONS WITHIN 5 WORKING DAYS AFTER RECEIPT & VERIFICATION OF BG/SBLC AT YOUR BANK.

 

BANK TO BANK BASIS.

 

6) BG/SBLC can be cancelled by the issuing bank, if your bank does not pay a total of 9 + 3=12% Fees & Commissions within 7 to 15 working days AFTER receiving and verifying the BG/SBLC. 

 

==============================================================================================  

Please contact Hussain Khan on hussaintokyo5@gmail.com  OR  cj@towardsquran.com for further details.

I deal only in Fresh-cut, 100% Cash-backed BG/SBLCs (Bank Guarantees) from Top 10 Banks of the World and mostly from HSBC, London OR DUETSH BANK, FRANKFURT, OR BARCLAYS, FRANKFURT,

Regards,

Hussain Khan, M. A., Tokyo

 

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See Related Sites:

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http://www.ourquran.net

Please send email of your requirements to hussaintokyo5@gmail.com or cj@towardsquran.com

Regards,

Hussain Khan, M. A. Tokyo

ƒtƒZƒC[ƒ“Eƒn[ƒ“@i“Œ‘εCŽmj

www.pakmarine.net

http://www.ourquran.net/JapaneseTranslation.htm

Japanislamicfoundation.com

Sereno A-1, Kitano 4-9-1, Mitaka-Shi, Tokyo 181-000;; Skype:hkhanjp; cell:81-9033566207

Circular Letter 6/2013

 

INFORMATION OF PROCEDURES TO GET CASH FOR YOUR PROJECT FUNDING THROUGH GETTING BG/SBLC AND ITS NON-RECOURSE (NO PAYBACK) MONETIZING

 

Apply for 10M BG/SBLC and GET net 4.5 MILLION DOLLARS OR MORE HALAL , INTEREST-FREE, NO-PAYBACK, OBLIGATION-FREE CASH BY RISKING $60,000 + 19,800=$79,800 OR MORE FOR YOUR PROJECT FUNDING

 

Central Banks manage economies of their respective countries by controlling inflation or deflation by increasing or decreasing their interest rates. For last several years, rather decades, Central banks of the advanced countries like America, Europe, Japan and others have been decreasing interest rates to less than 0.2% to near-Zero levels. Still deflation and recession could not be wiped out. Various means are adopted by banks like quantitative increase of Money Supply. Credit Cards have become a norm of life to increase credit. In such a situation, ICC has devised the system of Bank Guarantees (BG/SBLC) and Stand-By Letters of Credit (SBLC) to further facilitate Credit and Cash supplies in the market to control recession, deflation and to activate economy. Top Banks of the world are issuing Billions of dollars of new MTNs and BG/SBLCs etc. on Euroclear Screen every month regularly. All that money is absorbed every month and again new MTNs and BG/SBLCs of billions of dollars are issued every month. Through this system of BG/SBLCs etc. money becomes available for those who have viable projects to execute. One can get BG/SBLC by investing 10% to 15% of BG/SBLC face value. One can enhance his capital availability by 80% to 90% by these means. The local banks usually finance Projects against the Collateral of BG/SBLCs. Or Monetizers discount them and provide free cash to the BG/SBLC owner. We have therefore made arrangements for both issuing BG/SBLCs from Top 10 banks of the world and have Monetizers who can discount these BG/SBLCs on Non-Recourse, i.e. No-Payback, Interest-free basis. Our Provider can perform both these functions.

 

Halal

and Easy Method of Project Financing

Without Depending upon the

 Mercy of Your Local Bank

 

Some clients ask us about Project financing. The best way is to get a BG/SBLC and get it Monetized through our Provider on a Non-Recourse basis.

 

It is Halal. No INTEREST is involved anywhere, as, being a Non-Recourse Monetization, it will not be a loaned amount to pay back. Moreover, you are free to use our Monetized CASH for any Project of your liking without depending upon the mercy of your local bank to approve Project financing or not.

 

If the BG/SBLC is a purchased one, the rate may be 80 to 90% and if it is a Leased BG/SBLC, our rate now is 57% + 2% of BG/SBLC face value for Non-Recourse monetization. Non-Recourse means you do not have to pay it back.

 

Your bank will help you to pay back  9 + 3=12% bank fees and commissions as it will receive a Swift of MT103.23 for the full monetized amount LTV 57%, out of which, it can pay back 12% at the same time.

.

ESCROW MINIMUM DEPOSIT

 

              500,000 to 10M=  Minimum of  60,000 USD/EURO

10M to 50M    =  Minimum of 100,000 USD/EURO,

51M to 100Mm  =  Minimum of 150,000 USD/EURO,

101M to 500M  =  Minimum of 200,000 USD/EURO,

 

  1. OR Pay Refudable Transmission Fee (i.e. Escrow Deposit) Direct to the Provider account instead of the Escrew Attorney. In this case, Provider will issue an Invoice and a Corporate Refund Letter along with the countersigned DOA for the client to have DD on Provider before any remittance.  DIRECT TO PROVIDER DEPOSIT. Banks never endorse such private Refund Letters of the clients and the Provider has abandoned to Notarize them as it requires lot of time to be spent for this trouble.

 

BANK TRANSMISSION FEES TO SEND MT799/MT760

a)    Bank transmission fee for 500,000 to 5M is USD/EURO 29,900.00

b)    Bank transmission fee for 5M to 20M is USD/EURO 39,800.00

c)    For 21M TO 50M: A DEPOSIT OF $48,000

d)    For 51M TO 100M: A DEPOSIT OF $58,000

e)    For 100M TO 500M: A DEPOSIT OF $185,000

 

 

 

Escrow Deposit is never released to Provider.

ABSOLUTELY LEGAL ESCROW CONTRACTS SAFEGUARD CLIENT INTEREST

BY A NEUTRAL 3RD PARTY 50-YEAR OLD US LAW FIRM

There is no clause to release your Escrow deposit to the Provider.

 

gTrustee holder (Attorney) shall withhold the funds until all duties are complied, keeping all parties informed.

IN CASE PROVIDER FAILS TO ISSUE MT760 WITHIN (10) TEN DAYS AS AGREED,

THEN THE ESCROW TRUSTEE AGENT SHALL RELEASE THE MONEY (XXX,000 USD) TO THE LEESEE

 WITHOUT ANY PROTEST AND AFTER DEDUCTION OF AGREED UPON FEES AND/OR COST.h

 

Baseless Internet Reports Against the Provider and the Attorney:

 

These people who are making baseless, irresponsible reports against me, against Provider and against the Attorney should sue us and put all of us in jail, if they have come across any fraud or scam through any of us. All of us are available with our addresses and phone Nos. for last several years. None of us has disappeared with anyonefs money. Why these persons who have complaint against us do not sue us?

 

Most of the clients can deal with us without any down payment, if they have the CASH funds in their accounts enabling them to issue ICBPO for BG cost. There is no chance for any of us to run away with anyonefs money. We see the face of the money after we deliver first MT760 to clientfs bank. It pays us after verifying our Instrument within 3 to 5 banking days. Where is the chance for us to do any fraud, even if we want to do so? Our bank to bank Procedure is the best protection for those who are afraid of such Internet false reports.

 

Escrow Deposit is never released to Provider.

 

It always remains with the most reliable 50-year old US Law firm. It is refunded back to you. It will remain with the neutral 3rd Party US Attorney till the successful execution of the Contract by all the Parties, the client and the Provider. In case of dispute between the Provider and the client claims, the matter will be ARBITRATED by the Los Angeles Bar Association as per the Contract with the Attorney given below.

 

There is no clause to release your Escrow deposit to the Provider.

 

On the basis of this assurance, Provider pays his own money as Deposit to the Issuing Bank to let it issue BG/SBLC.

If client does not pay 9 + 3 BG/SBLC cost, then this Deposit will not be refunded to the client by the US attorney. In such a case it will be released to the Provider.

But in case of Monetizing by the same Provider, such a case of not paying BG/SBLC cost 9 + 3 will never arise. Therefore Attorney will have to refund it to the client.

 

I am giving below the verbiage of the proposed Escrow Contracts with the Attorney and with the Provider.

Please inform and correct me, if you find anything in Escrow contracts with the US Attorney and with that of the Provider against my above interpretation of the Escrow Contracts.

 

Regards,

Hussain Khan, Tokyo

 

 

 

A DICUSSION ABOUT MT799 BLOCKFUNDS POF

Client:

Dear Sir 

As per your discussion with our Chairman, I have attached our procedure from One of theccccBank. Procedure is listed in the attachment but we are open to receive your procedures too, so that we can adhere to your procedure. We are looking to have c.. SBLCs- cc for purchase). But c..we are looking to have weekly supply of  cc.  Million( Mrcc shall discuss that with you) 

Also we are looking for cc.. Million sblc on lease. 

My Reply 1:

Thanks for your inquiry.

Please note that we never accept any client Procedure. Our Procedures are Non-negotiable. Accept or Reject them. No Middle path.

Basically, we have 2 Procedures for both Lease and Purchase. One is Bank to Bank, No upfront Fee, but it requires ICBPO or Blockfunds MT799 FIRST from client, then we send Pre-Advice from the Issuing bank and then MT760 BG/SBLC of any ICC Verbiage you want.

Pre-Advice FIRST is desired by many big clients who have big Credit Lines with their banks. But we deal with only those clients who have CASH in their banks to back up their banksf ICBPO or Blockfunds MT799. We issue Pre-Advice if the client can send some collateral FIRST as ICBPO or Blockfunds MT799 or MT103.23 or Escrow Deposit.

Our 2nd Procedure is based on Escrow Deposit with a 50-year old reputable Law Firm in California

However, I send you 4 mails separately as all 4 Procedures will require different Terms and Conditions, 2 for Lease and 2 for Purchase.

We also Monetize at 57 + 2. But it is not obligatory for you. You can choose to neglect that Monetization draft Agreement.

Please wait for my 4 separate mails subsequently.

You can see further details on my Home Page, www.pakmarine.net

Client:

Dear Mr. Khan

Your linkedin profile says -Procedure 4: Get a Pre-Advice first by sending your DOA WITH BCL OR ATV OR RWA OR TEAR-SHEET, both for Lease or Purchase.

and

Procedure 7: Submit Bank-endorsed ATV (Authorization To Verfy) OR BCL OR RWA OR TEAR-SHEET to get Pre-Advice first for Lease or for Purchase.

Can you elaborate this please? What is the verbiage of Pre-advice. We can provide BCL / ATV 

My Reply 2:

Dear Mrcccc..,

Yes, due to sad and bitter experiences of that Procedure, they have now abandoned it.

Client:

Thanks a lot Mr. Khan for all the agreements. We have one query- say if we block the fund for 45 days then what is the guarantee that your provider shall perform? How are receiversf interest be protected? Maybe I have missed some point here.
My Reply 3:

Dear Mr.

Do you have any suggestion as to what kind of guarantee can be possible in such a situation, as any initiative from Provider side in the form of Pre-Advice or RWA or Bank Mail is not possible without a MT799 Collateral from client FIRST.

I think the only guarantee will be to assume that the Provider will work in his own self-interest. Why should he waste his time if he could not perform? He cannot use Blocked funds for any other Transaction as the Transaction Code will be there for which MT799 will be used. Or other Form may be ICBPO or MT103.23

For example, in case of MT103.23 it will be conditional that if Provider performs, he will get the payment, otherwise not. I think instead of BlockFunds, if you send MT103.23, it will fulfill client requirement of Provider performance.

Client:

I shall discuss about MT103.23 with our Chairman Mr. ccand we shall revert to you

My Reply 4:

Yes, that will be the best solution if your institution could decide to go ahead with MT103.23.

Client:

Dear Mr. Khan

Yes, but block fund is for 45 days or until transaction completion (whichever occurs earliest). So if the provider does not perform after MT799 from receiver then what? 52% is already blocked on his name which will get released on his name? So where is the incentive for provider to perform? Correct me if I am wrong in my interpretation.

My Reply 5:

Dear Mr.

As your latest email says No to MT103.23, we come back to your previous email as below.

The incentive to perform is that he gets commission by issuing BG/SBLC, which is the real business of any genuine Provider.

If he cannot perform, what benefit he can get from the clause of its validity for 45 days or until transaction completion (whichever occurs earlier)?

Moreover there is Transaction Code also there in the Verbiage, which means this MT799 should not be or cannot be used for any other Transaction.

Client:

Ok...let me reframe my query
Assume a hypothetical situation that we sign block fund via MT799 and then provider does not deliver MT760 then what? You shall wait for 45 days and then when block fund gets released then it will be released into whose a/c? ours or providerfs?
My Reply 6:

1)     After the end of 45 days, as the block for Provider will be over, it will automatically revert to the sender who had blocked it. There is no possibility of releasing it to Provider unless he has fulfilled the condition according to Transaction code, the clause says, gPAYMENT IS AVAILABLE ON THE BENEFICIARY'S FIRST WRITTEN DEMAND VIA BANK WIRE TRANSFER UPON THE SUCCESSFUL COMPLETION OF THE TRANSACTION  AS CONTAINED IN TRANSACTION CODE NO:XXXXXXX». If the provider has not sent MT760, it means he has not completed Transaction successfully.

2) If a clause marked in red below is added in the verbiage of your MT799 block Funds, I hope your worry about Provider not sending MT760 can be over.

 

THESE FUNDS ARE CURRENTLY PUT ON ADMINISTRATIVE HOLD FOR THE BENEFIT OF (BENEFICIARY NAME), FOR THE PERIOD OF 45 DAYS OR TILL THE TRANSACTION ccccccccccccc..IS COMPLETED, WHICHEVER IS EARLIEST. THIS INSTRUMENT WILL REMAIN VALID UNTILL THE END OF THIS TRANSACTIONBUT THIS INSTRUMENT WILL AUTOMATICALLY EXPIRE IF WE DO NOT RECEIVE VERIFIABLE MT760 BG/SBLC WITHIN 10 DAYS OF THE ISSUANCE OF THIS INSTRUMENT RELATED TO THE TRANSACTION CODE ABOVE. THIS INSTRUMENT IS VERIFIABLE AND CONFIRMABLE BY RESPONSIBLE BANK INQUIRY AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AND IS GIVEN FOR AND ON BEHALF OF ccccccccccccc., THE ISSUER. .......h

 

3jIt is written 45 days but if you make the payment in  5 days as required, it means the Transaction can be over in 5 days. And in case of not receivng MT760, it will be over in 10 days according to the above clause.

 

4) 45 days are required in case the client does not make payment and the BG/SBLC is recalled by the Issuing back, it takes about 45 days to complete that process of Recall.

Client:

Our banker says what you are saying is contradictory. Upon first demand means first demand in swift language and adding the clause upon successful completion has no meaning...bank will not check that once first demand is written...
Instead
Let provider send MT760 first then we issue ICBPO / or pay in 8 days time. If we fail to do so then providers' bank can call back the instrument.

My Reply 7:

1)         Please check below our required Verbiage of MT799 BLockFunds. You will not find anywhere the words gFIRST Demandh. Therefore the objection of your banker does not apply in case of our required Verbiage:

APPENDIX B1

 

ACCEPTABLE FORMAT FOR

SWIFT INPUT: MT 799

PROOF OF FUNDS – BLOCKED FUNDS

REGARDING

TRANSACTION CODE: cccccccccccccc.

 

SENDER

BANK NAME:

BANK ADDRESS:

BANK TEL/ FAX:

BANK OFFICER NAME:

SWIFT CODE:

ACCOUNT NAME:

ACCOUNT NO:

 

RECEIVER

BANK NAME:  

BANK ADDRESS:        

BANK OFFICER NAME:

SWIFT CODE:

ACCOUNT NAME:

ACCOUNT NO:

BANK TEL / FAX:        

 

 

WE,-----------------------THE BANK, HAVING AN ADDRESS AT---------------- , HEREBY CONFIRM WITH FULL BANK RESPONSIBILITY AND LIABILITY THAT OUR CLIENT-----------------------------HAS ON DEPOSITS WITH OUR BANK UNDER THEIR SOLE SIGNATURE IN ACCOUNT NUMBER---------------- (or IBAN NUMBER: -----------------), THE SUM OF XXXXXXXX MILLION US DOLLARS (XXXX,000,000.00 USD /EURO). THESE FUNDS ARE CLEAN, CLEARED, OF NON-CRIMINAL ORIGIN AND ARE FREE OFANY LIENS AND ENCUMBRANCES AND ARE AVAILABLE TO THE CLIENT WITHOUT ANY RESTRICTIONS.

 

THESE FUNDS ARE CURRENTLY PUT ON ADMINISTRATIVE HOLD FOR THE BENEFIT OF (BENEFICIARY NAME), FOR THE PERIOD OF 45 DAYS OR TILL THE TRANSACTION ccccccccccccc..IS COMPLETED, WHICHEVER IS EARLIEST. THIS INSTRUMENT WILL REMAIN VALID UNTILL THE END OF THIS TRANSACTIONBUT THIS INSTRUMENT WILL AUTOMATICALLY EXPIRE IF WE DO NOT RECEIVE MT760 BG/SBLC WITHIN 10 DAYS OF THE ISSUANCE OF THIS INSTRUMENT RELATED TO THE TRANSACTION CODE ABOVE. THIS INSTRUMENT IS VERIFIABLE AND CONFIRMABLE BY RESPONSIBLE BANK INQUIRY AND IS SUBJECT TO THE UNIFORM COMMERCIAL CODE AND IS GIVEN FOR AND ON BEHALF OF ccccccccccccc., THE ISSUER.

 

BANK OFFICER NAME                                   BANK OFFICER NAME

TITLE                                                 TITLE

PIN NO:                                                          PIN NO:

 

For and On behalf of the Lessee,

 

________________________________

Name:                        

Nationality:                  

Passport Number:       

Date of Issuance:        

Date of Expiration:

 

2)  What you are asking in your 2nd paragraph is an impossible and unpractical demand under the current Banking system of 21st century.

No Bank in the world will make a financial commitment of any sort without the backing of some Collateral. If it finances any Project or gives loan to any client, there is always some collateral from the client FIRST.

Similarly, Provider is helpless. Issuing MT760 or MT799 Pre-Advice is the function of the Top Issuing Bank with which the Provider will be dealing. Unless the Provider provides some Collateral to the Issuing Bank from the client FIRST, it will never issue any MT760 or MT799 Pre-Advice.

You are welcome, if you have any more queries or suggestions.

Client:

Looks ok but will consult the banker and revert

My Reply 8:

Thank you for your understanding.

Client:

Will you accept the Verbiage given by our bank?
My Reply 9:

No. It will be just a waste of time. I have tried to satisfy all your doubts. We have our own requirements to fill with our Verbiage. Ask your Bank to accept or reject it There is nothing wrong in our Verbiage that could create any problem for your bank.

Other Banks have been accepting it without any hesitation, Our Provider is working on them for the last 24 years.

 

 

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Please contact Hussain Khan on hussaintokyo5@gmail.com  OR  cj@towardsquran.com for further details.

I deal only in Fresh-cut, 100% Cash-backed BG/SBLCs (Bank Guarantees) from Top 10 Banks of the World and mostly from HSBC, London OR DUETSH BANK, FRANKFURT, OR BARCLAYS, FRANKFURT,

Regards,

Hussain Khan, M. A., Tokyo

www.pakmarine.net

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Speech in Pakistan Embassy Chanery Head Farewell Party

Speech on Quaid-e-Azam Day~Part 1

Speech on Quaide^Azam Day~Part 2

Some of my recent writings on Islam and Muslim Affairs are available as follows:

http://www.ourquran.net/MaududiVersusGhamidi.htm

http://www.ourquran.net/Ulama-e-Suu1.htm

http://www.ourquran.net/MaududiOpinion.htm

http://www.ourquran.net/MaududiReason.htm

http://www.ourquran.net/Outline.htm

http://www.ourquran.net/Taliban.htm