BUYER PAY 6%,SELLER CIF PRODUCT TO BUYER DESTINATION PORT; BUYER PAY 5% ,SELLER FOB PRODUCT SELLER PORT,THEN BUYER INSPECTION PAY ,SELLER CAN HELP ONLY ISSUE SBLC WITH 3%,LAW FIRM WILL GUARANTEE THE FUND
A: UP FRONT PAY 5-6%:
- ABOGLOBE suppliers supply white sugar EN590 bulk materials to customers
- ABOGLOBE opens SBLC for buyers
B: REFUND:
If unsuccessful, 5-6% will be fully refunded (including 10% interest)
C: The role of 5-6%
After receiving 5-6%, ABO will pay part of the cash to the factory and part of the funds to arrange SBLC for customers.
D: Project description:
ABOGLOBE, recommended by lawyers, cooperates with multiple reputable banks to sign SBLC/DLC business. ABOGLOBE’s cooperative banks will open SBLC/DLC directly to large manufacturers and suppliers such as Brazil, and finally complete the transaction for customers
In order to ensure the authenticity, reliability and security of SBLC/DLC, ABOGLOBLE’s law firm ESCROW account, after receiving 5-6%, the law firm will provide a letter of guarantee for the safety of funds. The letter will be notarized by a senior lawyer in the Malaysian court. The lawyer’s guarantee letter: Under the condition of guaranteeing the safety of the buyer’s 6% investment, 100% of the SBLC MT 799 and MT 760 will be arranged for the customer to the factory or manufacturer. The entire specific payment and transaction process is as follows:
- ABOGLOBE and the customer sign the SBLC/DLC sales contract.
- ABOGLOBE sellers provide CI. In addition, the guarantee letter emphasizes: the law firm not only guarantees the safety of the customer’s funds 100%, but also can refund 100% to the buyer if the DLC/SBLC transaction is unsuccessful, plus interest.
- The buyer will invest 6% of the total face value of SBLC/DLC, and pay 5-6% of MT 103 to the seller’s law firm’s escrow account through his own bank account. The specific transaction process is as follows:
- The buyer, seller and seller’s lawyer sign the escrow agreement (the seller and buyer can also arrange the 5- 6% payment process directly in the purchase contract)
- The seller provides CI and the seller completes the 6% payment
- Arrange the lawyer to pay the money to the bank, and the bank completes the signing of DLC/SBLC MT 799/MT 700/760.
- The seller pays DLC to the factory/factory supplier.
- After the factory receives DLC/SBLC, it will arrange the white sugar to the seller’s port within 10-20 working days. The seller inspects the goods and pays MT 103, deducting 6% fees.
- The seller delivers the white sugar CIF to the seller’s port.
Note:
- The buyer agrees that ESCROW will release 100% of the funds.
- The seller agrees that if the SBLC/DLC is unsuccessful, the seller will not only be responsible for a full refund, but will also be fined 5%
ABOGLOBE International INC
May 1 2025
