IMPORT FINANCING SOLUTIONS

Hello IMPORTERS As we understand that your organization is currently engaged in importation of goods, you must surely be looking for certain import financing solutions to your satisfaction so much so that you would not be required to put all the money from your own pocket. We hope that you can surely benefit from our CHEQUE DISCOUNTING PROGRAMME. Please be advised that under our CHEQUE DISCOUNTING PROGRAMME, the Cheque issuers must send the original cheques which should be properly printed, signed / stamped and must be from corporate entities. The cheque should be in the name of ARGO INTERNATIONAL GmbH Germany and be sent by DHL / UPS to our office in Germany. The cheques should be exactly for the same amount of import value of goods (as per the Proforma Invoice issued by the supplier). In order for us to start the process, we should have the CIS duly completed along with color copy of passport of the Cheque Issuer (CEO´s passport copy being legal representative of the entity). We will then send the CHEQUE DISCOUNTING AGREEMENT duly signed by us. Please be advised that cheques must be sent via MT199 (see formats attached). In case, the customers have any problem in issuing MT199 from their respective banks, we can assist also in facilitating issuance of MT199 from banks based in Europe and Singapore /Hong Kong / Malaysia against certain charges. On the basis of these cheques which must be for the same value of the PROFORMA INVOICE i.e. import value of the goods, we shall obtain short-term credit under our agreed DISCOUNTING PACKAGE from our monetizer who shall discount these cheques and facilitate issuance of 100% CASH-BACKED DOCUMENTARY LETTER OF CREDIT MT700 in favour of the supplier. This means that the cheques so issued by the importers shall be considered as COLLATERAL and LEGAL SECURITY under UNCITRAL. On receiving the DLC MT700, the suppliers shall effect the shipment to the buyers. Once the goods have been shipped and the supplier sends the shipping documents to the DLC ISSUING BANK, the exporter (i.e. the supplier) shall be SETTLED by the DLC ISSUING BANK. The buyer´s bank shall be duly intimated. On this intimation, the buyer´s bank shall instruct the customer (importer) to deposit the funds equivalent to the value of Proforma Invoice. Once done, the importer´s bank shall send MT760 BLOCKED FUNDS SWIFT (as per attached format) to ARGO INTERNATIONAL GmbH as an indication that the funds have been duly blocked for reimbursement to the monetizer through ARGO INTERNATIONAL GmbH. Henceforth, on arrival of the goods at the destination port, the importer´s bank shall release the payment by MT103 to ARGO INTERNATIONAL GmbH. Thereafter, ARGO INTERNATIONAL GmbH shall accordingly settle the monetizer. As soon as the deal has reached to its logical conclusion, the original cheques of the clients shall be returned. Our fee shall be 5% of the value of goods to be recovered at the end of the transaction from the buyer under a specific FEE PROTECTION AGREEMENT. Should you have any questions, do not hesitate to call us. SYED JAMALUDDIN Germany tel +49-17632440017 SKYPE: jamaluddin.syed www.argointernationalusa.blogspot.com