Ago available in tankfarm at 175-2
PROCEDURE 1. Sign and return SPA with tank farm information.
2. Buyer raise a manager's cheque of =N=100,000,000 (10m into 10 manager's cheque) in favour of seller's financier's and write at the bank of the cheque cashable only after Q&Q in buyer tank farm and send at to financier’s account officer.
3. Seller send NOR to the tank farm and buyer ask his tank farm manager to acknowledge the NOR.
4. Seller recharter vessel for 5 days bunker vessel and clear vessel with NPA and vessel sail and anchor at buyers jetty and invite buyer's inspectorate team to board and conduct Q&Q.
5. Buyer's =N=100,000,000 manager's cheque turns to cash with additional =N=200,000,000 and cover the balance with IBPU.
6. After successful Q&Q transhipment, payment of balance is made within 72 hours. Deal closed