Date: 15th December 2024
FACILITY MOBILIZATION AGREEMENT
This Agreement is made on the 15th December 2024 by and between:
Rimbaa Rayaa World Solutions Pte Ltd (RRWSPL)
28 Waringin Park, Kembangan, Singapore 416346
(hereinafter referred to as the "Provider")
AND
BRPT Gold Consulting and Project
Rua Dos Badalaques, N 37-1 Esq, Lisboa, 1900 083, Portugal
(hereinafter referred to as the "Client").
WHEREAS:
1. The Provider is engaged in facilitating financial instruments and offers
leasing of Standby Letters of Credit (SBLC).
2. The Client desires to lease SBLCs from the Provider under agreed terms.
Now, therefore, the parties agree as follows:
1. Scope of Services
1.1 The Provider agrees to lease SBLCs from A-rated banks globally on behalf of
the Client.
1.2 The SBLC will be issued at a leasing rate of 10% + 2% + 7% (a total of
19%) of the face value.
1.3 The total value of this contract is USD 1 Billion, with provisions for rollovers
and extensions to USD 3 Billion.
1.4 The procedures outlined in this Agreement are subject to modifications in
alignment with the issuing bank's legal framework.
2. Transaction Procedures
2.1 Preliminary Documentation:
• The Client shall provide the following:
◦ Client Information Sheet (CIS)
◦ Passport copy of the authorized signatory
◦ Certificate of Incorporation
◦ Corporate Resolution
◦ Non-Solicitation Statement.
2.2 Agreement Execution:
• The Provider shall countersign this Agreement and provide their banking
details, passport copy, and CIS.
• Both parties shall lodge the executed Agreement with their respective
banks.
2.3 Issuance Process:
• The Provider's issuing bank shall send a pre-advice via SWIFT MT199 to
the receiving bank. A courtesy copy shall be provided to the Client on the
same day. A BCL should Preceed the pre-advice mentioning the ready,
willing an ability to recieve the instrument from the recieve’s bank.
• Upon receipt of the pre-advice, the Client's bank shall issue a BPU
response via SWIFT MT199 within two (2) banking days.
• The Provider's bank shall deliver the SBLC via SWIFT MT760 within three
(3) banking days after receiving the BPU response.
2.4 Payment Process:
• The Client shall make payment of the agreed leasing fees via SWIFT
MT103 within three (3) banking days of SBLC verification and
authentication.
2.5 Delivery of Hard Copy:
• The issuing bank shall dispatch the hard copy of the SBLC via bonded
courier within seven (7) banking days after confirmation of payment.
2.6 Banking Communication:
• All communications between the issuing and receiving banks shall occur
exclusively through SWIFT or email, with no unauthorized direct
communication.
3. Fees and Payment
3.1 The leasing fee of 19% of the SBLC's face value is payable in agreed
tranches.
3.2 The leasing fee covers the issuance, delivery, and associated costs as
specified in this Agreement.
4. Non-Circumvention and Non-Disclosure
4.1 Both parties agree not to disclose or circumvent any confidential information
related to this Agreement for a period of three (3) years.
4.2 This clause shall survive the termination of this Agreement.
5. Penalty for Non-Performance
5.1 In the event of non-performance by the Provider, a penalty of 5% of the
SBLC's face value shall be imposed.
6. Governing Law and Arbitration
6.1 This Agreement shall be governed by and construed in accordance with the
laws of Singapore.
6.2 Disputes shall be resolved through arbitration under the Singapore
International Arbitration Centre (SIAC).
7. Miscellaneous
7.1 This Agreement constitutes the entire understanding between the parties
and supersedes all prior agreements.
7.2 Amendments must be made in writing and signed by authorized
representatives of both parties.
Signatories
For Rimbaa Rayaa World Solutions Pte Ltd (RRWSPL):
Signature:
Name: Mr. Korak Kahali
Title: Managing Director
Email: [email protected]
For BRPT Gold Consulting and Project:
Signature:
Name: Francisco Gregorio de Oliveira
Title: Director
