BCL

Bank Capability Letter (BCL)

Date:
To: whom it may concern

Transaction Reference: Purchase of.................
Dear Sirs,
This is to confirm that our mutual clients (namely)................. maintain a banking account with us.
At their instructions we,................................. (full name of the Bank) with full authority and mandate hereby confirm that the said clients are willing and financially able to initiate the process of purchasing of.........................tons of............................ (Product Name) during the next..................../months/years. We understand the total value of imports under the sight irrevocable Documentary Credit on C & F basis is in the region of US $: / EURO

We certify that our clients named above have sufficient funds and/or have credit line with our bank to complete the proposed transaction within the time period shown above.

Our clients hereby give authority to the Sellers to procure usual banker's references.

Yours truly

Name of the Bank Officer #1
Title:
Signature: Printed Name:
Name of the Bank Officer # 2
Title:
Signature: Printed Name:
Bank contact person:(English speaking)
Swift number:
Telephone:
Telex:
Fax:

Buyer's Information
Legal representative:
Account name:
Account Number:
Address:
Tel /Fax:

Bank Stamp

Letter of Credit Confirming Bank Co-ordinates
Banks Name /

Address:
City / 

Zip / 

Country:
International Trade Department 

Tel /

 Fax:

DIAMOND REQUIREMENTS

ROUGH DIAMONDS REQUEST

A) REQUESTED PROCEDURE:

1.      The Seller sends the SKR Document from the Security Company which confirms the availability of the Rough Diamonds.

2.      The Seller sends a Contract (Sales and Purchase Agreement) for the Buyer to sign and return.

3.      The Buyer upon returning the Contract shall instruct His Bank to send the Seller’s Bank a verifiable Bank Comfort Letter (BCL) in the Full Amount for verification.

4.      Once the Seller’s Bank has verified the BCL the Seller will arrange necessary Exporting & KPC Documents.

5.      The Seller arranges the delivery of the Package via Brinks or Malca Amit and provides the Buyer with the Copies of the KPC and Receipt from the Forwarding Company.

6.      Once the Buyer has received the KPC and Brinks/Malca Amit Receipt, He shall issue an MT-760 Financial Instrument or ANY Instrument required by the Seller’s Bank. The Instrument shall be conditioned to be Paid Once the Seller’s and Buyer’s Gemmologists have inspected the Stones at the Buyer’s Destination in Switzerland.

7.      Once the Gemmological Inspection has been completed, the Buyer shall instruct His Bank to release the Funds into the Seller’s Bank and the Seller transfers the Ownership to the Buyer.

(NOTE: THE SELLER MUST HAVE A EUROPEAN BANK ACCOUNT)

B) DIAMOND REQUIREMENTS:

a)      Minimum Size of 3 Carat

b)     No “S” Clarity

c)      Colours (D to I)

C) BUYER’S BUDGET:

$100 MILLION TO $5 BILLION (USD)

BULLION GOLD 1 MT to 200 MT Gross 12%(Twelve Percent), Net 9%(Nine Percent)

TO:End Buyer
Attn:  
Via: Young C. Chun


We,KHG Ltd., send this Full Corporate Offer(FCO) to the Buyer with the following commodity subject to the terms, conditions and procedures hereunder:

1. TERMS & CONDITIONS
1) Commodity: AU metal.
2) Size: 1.0 kg per bar (Length-117mm, Width-52mm, Thickness-9mm) Less 5 Years
3) Hallmark: LS Nikko
4) Purity: Fineness 999.5/1000 or better.
5) Quantity : The first Tranche shall be 1 MT with Rolls & Extensions up to 200 MT
6) Price: Agreed selling price is the quoted price in the US Dollars day of  
transaction as set by the London Bullion Market Association Second fixing for gold bullion on the day before transaction closing Less the agreed discount.
7) Discount Rate :Discount Rate : Gross 12%(Twelve Percent), Net 9%(Nine Percent) .
8) Fees/Commission : Total 3.0%
Seller side 1.5%(closed)
Buyer side 1.5%
9) Payment Transfer from Buyer’s Bank to Seller’s Bank Account
10) Delivery Allowance : Within 10 Days after TTM, both parties agreed
 delivery date.
11) Location of Delivery : Both parties agreed location such as Buyer's designated
Security warehouse or Seller's security warehouse or LS Nikko warehouse.

2. DOCUMENATION
1) CertificateofGoldrefining (Assayreport )
2) CertificateofOrigin
3) CertificateofOwnerships
4) Guarantee of Non-CriminalandNonTerrorist
5) CommercialInvoice
6) PackingList
7) GeneralSalesTaxCertification
8) Export License

3. PROCEDURE
1) The seller Mandate FCO.

2) The buyer issues LOI with a compliance package:
CIS, Passport Copy of the Signatory, Board Resolution, Company introduction
With NCNDA/IMFPA and buyer counter signed FCO.
The buyer also inform Bank information (Buyer Bank name, Acct name, Acct no)

3) The Seller verify Buyer and will confirm approval for transaction.

4) The Seller issues SPA.

5) Both parties sign SPA/NCNDA/IMFPA and lodge it to relevant banks

6) The buyer’s bank issues ICBPO byMT799 to the seller’s bank.

7) The seller’s bank sends POP to the Buyer’s bank.

8) The buyer inspects AU at LSNIKKO warehouse/Korea, or bank at Korea appointed by the seller.

9) Upon successful inspection, the Buyer transfer payment by MT103.

10) The seller transfers ownership of AU to the Buyer and all other Documents will be issued/transferred to name of the Buyer.

11) Transportation company (Brinks or other security agent) pick-up AU at LSNIKKO and deliver to Destination of Buyer.

12)Buyer takes all responsibility for storage and transportation of gold after buyer’s
inspection.

#From 2ndtranche, above 7~12will be repeated till Qty in SPA will be exhausted

4. Personal Details of SELLER and BUYER

For the SELLER
Seller’s Name :BYUNGDOO JUN
Represented by :KHG CO. CEO
Passport No :M72891418
Address :
Nationality :KOREAN
Phone:

For the SELLER Mandate
Seller’s Mandate Name :GIHO LEE
Represented by :MANDATE
Passport No:M28114389
Nationality :KOREAN




For the BUYER
Buyer’s Name :
Represented by :
Passport No :
Nationality :
Address :
Email Address :@
Phone : +__________________


5.BANKING COORDINATES

SELLER'S Banking Details
1) BANK NAME:SHINHAN BANK, HYUNDAI KYEDONGBranch
2) BANK ADDRESS:75 Yulgok-roJongro-gu Seoul Korea
3) A/C HOLDER:Mr. BYUNGDOO JUN
4) A/C NO:100-030-029731
5)BANK SWIFT NO.:SHBKKRSEXXX
6) BANK PHONE:   +82-2-742-7910FAX NO : +82-505-177-1464
7) BANK OFFICERNAME :SANGCHUL LEEMP : +82-10-
8) E-MAIL ADDRESS :sangclee@shinhan.com

BUYER’S Banking Details
1)BANK NAME :
2)BANK ADDRESS :
3)A/C NUMBER :
4)A/C NAME :
5)BANK STAFF :
6)E-MAIL ADDRESS :
7)BANK PHONE :
8)BANK FAX :



AGREED, ACCEPTED AND SIGNED THIS 25 AUGUST 2015
FOR AND ON BEHALF OF SELLERS:
¬¬¬¬¬¬


Signature: _________________________

Name / Title:  ____________________





AGREED, ACCEPTED AND SIGNED THIS 25 AUGUST 2015
FOR AND ON BEHALF OF BUYER’S:
¬¬¬¬¬¬¬¬¬¬¬¬¬

Signature: _________________________

Name / Title:  ___________________




Seller’s Certicate of business Registration



BUYER'S 1ST OPTION FOR PROCEDURE

1. SELLER ISSUE FCO
2.BUYER SIGN BACK TO SELLER AND  ISSUE LOI UNDER BUYER'S LETTER HEAD WITH FULL TEL-NUMBER,EMAIL ADDRESS,BANKING DETAILS TO BE ATTACHED WITH  PASSPORT COPY.
3.SELLER AND BUYER MAKE CONTRACT BY MUTUAL AGREEMENT FIRST. AT THE SAME TIME,BUYER,SELLER AND SELLER'S BANK(SHINHAN BANK) MAKE SPA ACCORDANCE WITH SELLER'S   BANK'S AGREEMENT  AS PREVIOUS ATTACHEMENT.
4.BUYER AND SELLER OPEN SELLER'S ACCOUNT AT SHINHAN BANK, AND BUYER KEEP PASSWORD NUMBER AND  SIGNATURED BY BUYER IN BEHALF OF SELLER.
   AND REMIT THE FUNDS WHAT BUYER'S GOING TO BUY THE VALUE OF AU WITHIN 24 HOURS AFTER CONTRACTED DONE BY 3 PARTIES..
5.WITHIN 48 HOURS,SELLER PROVIDE AU WITH RELEVANT TO THE  DOCUMENTS OF POP FOR BUYER'S INSPECTIONS AND REVIEW.
6.IF SATISFACTION OF INSPECTIONS,BUYER'S REQUIRE TRANSPORTATION COMPANY TO CARRY OUT O  AU TO BUYER'S PLACE LIKE BRINKS...., SELLER MAY COOPERATE THIS PROCESSING ENTIRELY.
7.BUYER PROVIDE THE LETTER TO SHINHAN BANK TO RELEASE THE FUNDS TO THE SELLER'S ACCOUNT,AND SELLER TRANSFER THE TITLE HOLDER OF AU TO THE BUYER TOGETHER WITH  ALL RELEVANT DOCUMENTS.
8.TRANSPORTATION COMPANY LIKE BRINKS OR ANY OTHER SCURITY AGENT PICK UP AND DELIVER TO DESTINATIONS OF BUYER BY BUYER'S ACCOUNT.
9.BUYER TAKES ALL RESPONSIBILITY FOR STORAGE AND TRANSPORTATIONS OF AU AFTER BUYER'S INSPECTIONS AND PAYMENT. HOWEVER SELLER WILL TAKE CARE OF
   BUYER AND COOPORATE TO DELIVER THE CY.

BUYER'S 2ND OPTION FOR PROCEDURE:

1.SELLER ISSUE FCO
2.BUYER SIGN BACK TO SELLER AND  ISSUE LOI UNDER BUYER'S LETTER HEAD WITH FULL TEL-NUMBER,EMAIL ADDRESS,BANKING DETAILS TO BE ATTACHED WITH  PASSPORT COPY.
3.SELLER  PROVIDE SPA.
4.BOTH PARTIES SIGN AND SEAL WITH NCNDA+IMFPA, AND LODGE IT TO RESPECTIVELT BANK
5.BUYER APPOINT  CORPORATIVE COMPANY IN KOREA SO THAT SELLER MAY CONTRACT TO CORPORATIVE COMPANY,FOR WHICH EXPORT PROCESS WILL BE PERFORMED. AND SELLER
   MAY RECOMMAND CORPORATIVE COMPANY IN BEHALF OF BUYER.
6.BUYER ISSUE ICBPO TO CORPORATIVE COMPANY BY MT799.
7.SELLER BANK PROVIDE POP TO THE BUYER'S BANK.
8.BUYER INSPECT THE GOODS AT WAREHOUSE/KOREA,OR KOREAN BANK TO BE APPOINTED BY SELLER.
9.UPON SUCCESSFUL INSPECTION,THE BUYER TRANSFER THE PAYMENT TO SELLER'S ACCOUNT BTY MT103.
10, SELLER TRANSFER THE TITLE HOLDER OF AU TO THE BUYER TOGETHER WITH  ALL RELEVANT DOCUMENTS.
11.TRANSPORTATION COMPANY LIKE BRINKS OR ANY OTHER SCURITY AGENT PICK UP AND DELIVER TO DESTINATIONS OF BUYER BY BUYER'S ACCOUNT.
12.BUYER TAKES ALL RESPONSIBILITY FOR STORAGE AND TRANSPORTATIONS OF AU AFTER BUYER'S INSPECTIONS AND PAYMENT. HOWEVER SELLER WILL TAKE CARE OF
   BUYER AND COOPORATE TO DELIVER THE CY.


BUYER'S 3RD OPTION FOR PROCEDURE:

1.SELLER ISSUE FCO
2.BUYER SIGN BACK TO SELLER AND  ISSUE LOI UNDER BUYER'S LETTER HEAD WITH FULL TEL-NUMBER,EMAIL ADDRESS,BANKING DETAILS TO BE ATTACHED WITH  PASSPORT COPY.
3.SELLER  PROVIDE SPA.
4.BOTH PARTIES SIGN AND SEAL WITH NCNDA+IMFPA, AND LODGE IT TO RESPECTIVELT BANK.
5.BUYER APPOINT  CORPORATIVE COMPANY IN KOREA SO THAT SELLER MAY CONTRACT TO CORPORATIVE COMPANY,FOR WHICH EXPORT PROCESS WILL BE PERFORMED. AND SELLER
   MAY RECOMMAND CORPORATIVE COMPANY IN BEHALF OF BUYER.
6.BUYER ISSUE CONFIRMED AT SIGHT SBLC TO CORPORATIVE COMPANY BY MT760.
7.SELLER BANK PROVIDE POP TO BUYER'S BANK.
8.BUYER INSPECT THE GOODS AT WAREHOUSE/KOREA,OR KOREAN BANK TO BE APPOINTED BY SELLER.
9.UPON SUCCESSFUL INSPECTION,THE BUYER TRANSFER THE PAYMENT TO SELLER'S ACCOUNT BY MT103.
10, SELLER TRANSFER THE TITLE HOLDER OF AU TO THE BUYER TOGETHER WITH  ALL RELEVANT DOCUMENTS.
11.TRANSPORTATION COMPANY LIKE BRINKS OR ANY OTHER SCURITY AGENT PICK UP AND DELIVER TO DESTINATIONS OF BUYER BY BUYER'S ACCOUNT.
12.BUYER TAKES ALL RESPONSIBILITY FOR STORAGE AND TRANSPORTATIONS OF AU AFTER BUYER'S INSPECTIONS AND PAYMENT. HOWEVER SELLER WILL TAKE CARE OF
   BUYER AND COOPORATE TO DELIVER THE CY.


Regards