What is the criteria to release the Wells Fargo deposits to the shipyard?
When the following conditions are met, the deposits in the Wells Fargo Escrow Account will be released to the shipyard or its construction lender: • The construction contract has been executed. • A full financial guarantee has been provided to the ship builder. • The shipyard has issued a Letter of Credit as collateral for release of the deposits.
Related Questions
- Why are the capital gains for the Wells Fargo Advantage Precious Metals Fund and Wells Fargo Advantage Small Cap Growth Fund larger (as a percentage of the Funds’ NAV) than the distributions for other funds?
- How do I make deposits and/or withdrawals if there isn a Wells Fargo store in my town?
- What is the criteria to release the Wells Fargo deposits to the shipyard?
