|
|
|
|
Document Preview Letter Agreement |
||||
|
|
||||
|
Click "Add to Cart" button to purchase document. |
||||
|
|
||||
|
Title: |
Letter Agreement |
|||
|
Entities: |
Global-Tech Appliances Inc.; Wing Shing Products (BVI) Co. Ltd.; John Sham; Samuel Leung; Global Tech Appliances Inc |
|||
|
Date: |
2003 |
|||
|
Size: |
Preview shows 2KB of 13KB total |
|||
|
Price: |
$42 |
|||
|
ID: |
#172261 |
|||
|
|
||||
|
||||
|
|
||||
|
Start of Preview |
||||
Wing Shing Products (BVI) Co. Ltd.
10/F., Kin Teck Industrial Building
26 Wong Chuk Hang Road
Wong Chuk Hang
Aberdeen Hong Kong
Attn.: Mr. John Sham/Mr. Samuel Leung
Dear Sirs,
BANKING FACILITIES: WING SHING PRODUCTS (BVI) CO. LTD.
We are pleased to confirm that the Bank is willing to make available to your
company (the "Company") the following working capital facilities up to the
amounts indicated.
1. TRADE FINANCE GROUP 1 - HKD10,000,000.-
2. TRADE FINANCE GROUP 2 - HKD8,000,000.-
3. TRADE FINANCE GROUP 3 - HKD6,000,000.-
The above Trade Finance Groups 1, 2 and 3 are complementary and the combined
outstandings are not to exceed HKD10,000,000.- Similarly the combined
outstandings of Trade Finance Groups 2 and 3 are not to exceed HKD8,000,000.-.
For product availability, please see the attachment to this letter.
Prior evidence of insurance is required for all "free on board" and "cost and
freight" shipments under import letters of credit.
Combined usance and loan period of any one transaction under import facilities
is not to exceed 120 days.
Usance period of export facilities is not to exceed 90 days.
Standard Chartered Bank
Corporate & Institutional Banking
Credit Operations
11th Floor Standard Chartered Tower
388 Kwun Tong Road Kwun Tong Hong Kong
Incorporated in England with limited liability by Royal Charter 1853
The Principal Office of the Company is situated in England at 1 Aldermanbury
|
End of Preview |
Home Intelligence Services Subscriptions News About Us