Both parties should sign an exculusivity agreement.
An exclusive and sole mandate letter should be issued to Heritage China & Heritage Turk Team adresses and Heritage State-owned partners (describe later after project details chek and verify).
Heritage Resources Capital Ltd
Mr Gordon Lee
CC to Heritage Turk Team / Ankara
c/o: Heritage Resources Ltd. ,
Room 1311, 13/F. Leighton Center, 77 Leighton Road, Causeway Bay, Hong Kong.
Project Owner State Institution/Authority, should provide to Heritage Platform Team with the project information and the technical data requested equipment, i.e. (a) the list of the specification of the projects, (b) project & equipment’ list and (c) technical drawings needed to be manufactured, built and constructed by China State Construction Corporation both in China and in target country.
After being verified by the China PRC Embassy in target country, the all batch of the technical documents and legal documents should be sent directly to the registered speed post to Heritage China Team adresses and Heritage state owned partners ( describe later after Project details chek and verify).
The Contract (GP and LP partnership) between Heritage China Team (as General Partner) and Project Owner State Institution/Authority in target country (as the Limited Partner) to be signed by Mr. Gordon Lee on behalf of Heritage China Team at the define date in official invitation letter (if parties agreed) in the office of Treasury to seek Chinese funding, financing in China and to design, build and construct the project for the amount of Project value to be built and constructed both in China and project owner state institute.
Establishment of a project team under jointly China state-owned construction companies and Heritage in Beijing to go through all the technical papers and legal documents provided by Finance Ministry and Project Owner State Institution/Authority in target country.
Necessery Invitation letters to be issued by by Treasury and Project Owner State Institution/Authority in target country as soon as possible after Heritage China Team requested.
More official information and technical data further to be exchanged and shared between China state-owned construction companies and Heritage China Team and target country parts and local construction partner (if necessery and adviced) offered by project owner.
If necessery and requested, The delegation of project owner country can visits China to be directly in talks with China state-owned construction corporations.
Signing the EPC (Engineering, Procurement and Construction) Contract among China state-owned corporations and Project Owner State Institution/Authority with Heritage China and Heritage Turk Team as the project manager.
Together with Contractors and Heritage China and Heritage Turk Team, preparing the initial material by Project Owner State Institution/Authority for China Development Bank / China Import and Export Bank or other Chinese banks.
Chinese delegation visits project owner country if needed
Proposal submitted to Chinese banks and China Policy Banks with a total solution for chosen Project.
The implementation of designing, building and constructing the environmental Infrastructural engineering project for the amount of Project total value to be built and constructed both in China and in target country.
) Making agreement of term sheet of the facility.
Via Heritage, mandating Chinese banks (i.e. China Development Bank and Import and Export Bank of PRC) or any Chinese banks as Arrangers.
Due Diligence to be done by China Development Bank and Import and Export Bank of PRC or other Chinese banks and China Credit Insurance Corporation (Sinosure) together with Heritage Platform.
Approved by Credit Committee of the Chinese Banks and Sinosure.
Issuance of Letter of Intent by the Chinese banks and Sinosure.
Facility Agreement drafting and negotiating.
Execution of Facility Agreement.
Getting approval from China National Development and Reform Commission.
Issuance of Sinosure Policy.
Satisfying the Facility Agreement.
First disbursement to Contractors and Heritage China and HeritageTurk Team Corporation to carry out the implementation of the contract with Finance Ministry and Project Owner State Institution/Authority in target country.