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      You are in ::  Home > MGO/Bunker Oil > Read
  MGO/Bunker Oil Read  
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Count : 249
Bonny light crude oil 2020-10-22
 
AGO TTT/TTO/TANK FARM DELIVERY PROCEDURES
IMPORTANT NOTICE: CALL FOR PRICES AS PRICES MAY CHANGE WITHOUT NOTICE.
IMPORTANT NOTICE: WE DO NOT GIVE POP IN ANY FORM UPFRONT SO DO NOT REQUEST FOR IT AND DO NOT SIGN OUR CONTRACTS IF YOU CANNOT FOLLOW OUR SIMPLE PROCEDURES.
TTT PROCEDURE
1. Buyer sign and return with his complete vessel details including ATL and both parties deposit the signed contract with their respective banks.
2. Buyers Bank block N10m {Per 10,000MT} in favour of sellers fiduciary logistics company in buyers account and send evidence of blocked fund to seller via email. {See verbiage Annex A}
3. Sellers bank confirms Blocked fund in favour of its logistics company in buyers account and within 72 hours, loads their daughter vessel within 3-5 banking days {may be less} and instructs the Captain of the cargo laden vessel/terminal to send marine NOR to buyer's vessel and open up communication. Buyer must ensure Venders and holes are in their vessel for trans-shipment process.
4. Buyer vessel log side, {buyer vessel must be empty} transhipment takes place and Buyers inspector conduct Q/Q, seller's logistic company cash the N10m.
NB: SELLER WILL PLACE NAVY SECURITY ON BOARD BUYERS..............

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Name   Miss. Racheal Patric 
Company   Member : RR Management LTD 
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