MASTER TRADE FINANCE AGREEMENT - AmBank Group
| |
| |
| |
| |
| |
| | Date of Application: |
|Please mark [pic] where applicable | -- |
|* Delete whichever is not applicable | |
| |
|Accepted Bills–i (AB-i) Drawn to Finance: Purchase From Resident Purchase From Non Resident |
| | |
|1. Applicant / Customer (Full Name & Address): |2. Seller (Full Name & Address): |
| | |
| | |
| | |
| | |
| | |
|3. Customer Ref. No.: | |
| | |
|4. Financing Amount Required: RM |5. Original Bill/Invoice Amount (Currency & Figures): |
| | |
| | |
|6. Related Import/Export/Local Sale or Purchase Ref. No.: |7. Financing Tenor Required (In Days): |
| | |
|8. Description of Goods (we have acted as your purchasing agent): |
|[pic] |
| |
|9. Draft / Shipping Documents enclosed as follows: |
|Drawn under *Letter of Credit-i No. / Collection Bill-i No: [pic] |
|*Purchase Order / Sales Contract / Invoice No. / etc: [pic] |
|10. Disbursement Instructions: |
|Please credit our Account No.: [pic] with you or |
| |
| |
|Please remit net proceeds or RM [pic] to [pic] |
|For credit of Account No.: [pic] |
|In the name of [pic] |
| |
|11. Bank Charges: |
|AmBank Islamic Berhad Charges paid by us. Please debit our Account No.: [pic] with you. |
| |
| |
| |
| |
|12. Additional Instructions: [pic] |
| |
|In consideration of us, the abovenamed Applicant / Customer acting as your agent, having purchased on your behalf the goods as per attached invoice(s) |
|and related shipping documents, the brief description as indicated above, please effect payment to the seller in accordance with the disbursement |
|instruction contained herein being the cost of the said goods. |
| |
|In the event that we have paid the cost of the goods to the seller on your behalf, please reimburse us accordingly as per our disbursement instruction |
|stated above. We enclose herewith proof of payment, which we have made to the seller. |
| |
|We hereby certify that: - |
| |
|the trade transactions are between two related companies which are separate legal entities and the transactions were undertaken at arm's length and |
|there is genuine transfer of the goods. “Related Corporation” shall have the meaning as specified in Section 7 of the Companies Act 2016; |
|the goods purchased are not intended to be part of our fixed assets; and |
|that we have not obtained and shall not obtain financing by any other means for the relative or the same trade transactions, including leasing, hire |
|purchase and factoring, and |
|the trade transactions are not between two business entities which are sole proprietorships, where the proprietors are the same person, or between two |
|“business” entities which are partnerships in which the majority of partners are the same persons, and |
| |
|We hereby undertake to safe keep the original supporting documents that have been returned to us after your checking and to produce them for sighting by|
|AmBank Islamic Berhad or Bank Negara Malaysia or auditors as and when required. |
| |
|We hereby irrevocably and unconditionally agree to fully abide by the terms and conditions for Financing Under Accepted Bills-i Import / Purchase and |
|terms appearing in AmBank Islamic Berhad’s “Master Islamic Trade Terms and Conditions” and/or other relevant agreements which have been and will be |
|advised to us by you and currently in force with AmBank Islamic Berhad. This Financing under Accepted Bills-i Import / Purchase is subject to the |
|prevailing “Guidelines on Accepted Bills-i” and any amendment(s) thereto issued by Bank Negara Malaysia, which we have fully complied with. We hereby |
|declare that we are aware of, and in full compliance with the Strategic Trade Act of 2010 and all the regulations and requirements connected thereto. |
| |
|We shall comply with the Foreign Exchange Notices (“FEA Notices”) issued by BNM relating to dealings in currency, financing & guarantee, investment in |
|foreign currency asset, payments, security & financial instrument, and export of goods at all times. |
| |
|We hereby confirm that the above information is true and correct and further confirm that we have chosen the language in this form as the language of |
|this form. This chosen language shall prevail in the event of differences in meaning over the version of this form in any other language. |
| |
| |
|REMINDER: You are hereby reminded to read and understand the terms and conditions contained in this document before signing/affixing the company’s seal |
|below. In the event there are any terms and conditions in this document that you do not understand, you are hereby advised to discuss further with the |
|Bank’s authorised staff, representative or agent before signing/affixing the company’s seal below. |
| |
| |
| |
| |
| |
| |
| |
| |
| |
|____________________________________________________________ |
|Authorised Signatory(ies) with Company’s Authorised Rubber Stamp |
| |
| |
| |
| |
| |
|Please mark [pic] where applicable | |
|* Delete whichever is not applicable |Date: -- |
| |
|1. Customer (Full Name & Address): |
| |
| |
| |
| |
| |
|2. Customer Ref. No.: |
| | |
|3. Cost of Goods/Principal Amount (Currency & Figures): |4. Bank’s Selling Price / AB-i Face Value (Currency & Figures): |
|AS PER ADVICE |AS PER ADVICE |
| | |
|5. Bank’s Profit Rate: AS PER ADVICE |6. Bank’s Profit (Currency & Figures): |
| |AS PER ADVICE |
| |
|7. Accepted Bills-i Draft Number: |
| | |
|8. Tenor: AS PER ADVICE |9. Maturity Date: AS PER ADVICE |
| |
|10. Settlement Instructions: |
|On maturity of the Accepted Bills-i, you are authorised to debit our Account No.: [pic] maintained with you. |
| |
|We, the above named Customer hereby offer to purchase from you the goods described in the Application Form under Accepted Bills-i Import / Purchase dated |
|at the Bank’s Selling Price (which Bank’s Selling Price shall be notified by the Bank to our authorized contact person being [pic] via e-mail [pic] or |
|telephone at [pic]) which shall be payable on a deferred payment term as indicated above. |
|We shall pay you the full amount of the Bank’s Selling Price in accordance with the settlement instruction as indicated above. |
| |
|We hereby certify and undertake that: - |
| |
|the supporting documents presented by us to you are related to trade transactions where there are tangible goods and there is a genuine transfer of the title |
|of the goods concerned; and |
|we have not obtained and shall not obtain financing by any other means for the relative or the same trade transactions, including leasing, hire purchase and |
|factoring. |
| |
|We hereby irrevocably and unconditionally agree to fully abide by the terms and conditions for Financing Under Accepted Bills-i Import / Purchase and terms |
|appearing in AmBank Islamic Berhad Master Islamic Trade Terms and Conditions and/or other relevant Agreements which have been and will be advised to us by you |
|and currently in force with AmBank Islamic Berhad. This Financing Under Accepted Bills-i Import / Purchase is subject to the prevailing “Guidelines on Accepted|
|Bills-i (AB-i)” and any amendment(s) thereto issued by Bank Negara Malaysia, which we have fully complied with. We hereby declare that we are aware of, and in |
|full compliance with the Strategic Trade Act of 2010 and all the regulations and requirements connected thereto. The Advice for this Accepted Bills-i as per |
|Accepted Bills-i No stated below shall form part of this Contract Note. |
| | |
|ACCEPTANCE |We confirm that we have chosen the language in this form as the language of |
| |this form. This chosen language shall prevail in the event of differences in |
|The Bank hereby Accepts or Reject, the offer in accordance with the terms |meaning over the version of this form in any other language. |
|above. | |
| |REMINDER: You are hereby reminded to read and understand the terms and |
|Accepted Bills-i No. : |conditions contained in this document before signing/affixing the company’s |
| |seal below. In the event there are any terms and conditions in this document |
|Authorised By : __________________ |that you do not understand, you are hereby advised to discuss further with the|
|(name and signature) |Bank’s authorised staff, representative or agent before signing/affixing the |
|Remarks (if any) : |company’s seal below. |
| | |
| |__________________________________________________________ |
| |Authorised Signatory(ies) with Company’s Authorised Rubber Stamp |
-----------------------
AmBank Islamic Berhad (199401009897 (295576-U))
ACCEPTED BILLS-i
IMPORT / PURCHASE APPLICATION
AmBank Islamic Berhad (199401009897 (295576-U))
ACCEPTED BILLS-i
IMPORT / PURCHASE APPLICATION – cont’d
AmBank Islamic Berhad (199401009897 (295576-U))
ACCEPTED BILLS–i IMPORT / PURCHASE
CONTRACT NOTE
-----------------------
TRD(ABI/BI-RV4/012021)
................
................
In order to avoid copyright disputes, this page is only a partial summary.
To fulfill the demand for quickly locating and searching documents.
It is intelligent file search solution for home and business.
Related searches
- international master group llc
- master group usa llc
- group finance director
- group have or group has
- group has vs group have
- auto finance agreement form
- free owner finance agreement contract
- owner finance mortgage agreement texas
- att trade in trade up
- auto finance group inc
- master service agreement vs contract
- master agreement definition