Examples of SWIFT in a sentence
If after Fourteen (14) days from issuing the Letter of Credit (LC) SWIFT MT-700 or BG/SBLC MT760 the seller has not fulfilled her obligations, then the buyer can terminate the contract unilaterally and confiscate 2% of the seller's PBG and the seller has no right to objections.
If the seller is more than 11 days late after receiving the SWIFT MT-700 or BG/SBLC MT760, 1% of the tranche amount will be deducted for each day of delay.
Page on _____day of XXXXX, 2022 which be handled in accordance with the instructions stipulated in the said SPA immediately, we hereby confirmed our client xxxxxxxxxxxxxxxxx instructed us to issue RWA MT199 within three (3) banking days after submission contract to us and issue LC/BG/SBLC and delivers to the Seller’s bank via SWIFT MT700/MT760 within three (3) banking days after receive PBG MT760 from Seller’s Bank on our counter and we will do that immediately.
PARTY-A/SELLER ‘S BANK INFORMATION TO ISSUE PB MT760 Bank Name Bank Address Bank SWIFT Code: Account Name Account Signatory Name Account Number Bank Officer Bank Tel No. Bank Officer Email Note : Any direct contact of the Buyer or a third party (except the authorized officer of the buyer's bank) with our bank is strictly prohibited and will result in the termination of this Integrated SPA).
Within three (3) banking days after receive Proof of Product, the End Buyer’s bank issues a SWIFT MT199 RWA and advise readiness to issue an Irrevocable, Confirmed, Revolving, Non-Transferable and Non-Assignable Letter of Credit (LC) 100% at Sight MT700.