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ACCORDING TO YOUR REQUEST, WE ARE PLEASED TO OFFER YOU AN EXPORT BILL DISCOUNT FACILITY WITHOUT RECOURSE EXCEPT FOR ANY KIND OF FRAUD OR FRAUDULENT ACTIVITIES OF THE BENEFICIARY AND COURT INJUNCTION. DISCOUNT RATE WILL BE LIBOR PLUS xxx BP. IF YOU ACCEPT OUR OFFER, PLEASE ACKNOWLEDGE BY SWIFT BEFORE xxx QUOTING THE FOLLOWING SENTENCES: “WE HEREBY CONFIRM THAT YOUR OFFER IS ACCEPTED AND AGREED BY US. WITH REFERENCE TO THE ABOVE L/C, WE HEREBY IRREVOCABLY AND UNCONDITIONALLY ASSIGN ALL OUR RIGHTS, TITLE, INTEREST AND CLAIMS TO YOU. WE HEREBY REPRESENT AND WARRANT TO YOU THAT WE ARE THE SOLE LEGAL AND BENEFICIAL OWNER OF THE RIGHTS HEREBY ASSIGNED, WHICH ARE FREE AND CLEAR OF ANY PLEDGE, SECURITY INTEREST, CLAIM, SET-OFF OR COUNTERCLAIM OR ANY OTHER CHARGES. THIS ASSIGNMENT SHALL BY NO MEANS TRANSFER OUR OBLIGATION AND DUTY UNDER THE ABOVE L/C TO YOU. |
