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      You are in ::  Home > Crude > Read
Crude Oil Read
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AGO TO LAGOS/CALABAR & PH TANK FARM @ N140 less N2 2017-11-15
Download the attached file : NOR.JPG
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PROCEDURE FOR TANK FARM DELIVERY. (SEE ATTACHED)
(A). Seller Issues SPA with Mother Vessel Nor as POP and Buyer signs SPA with banking Details and Both lodge in with their respective banks. The electronically signed documents are legally binding and enforceable in the court.
(B). Buyer returns the signed SPA and return with Authority to board (ATB) format/Notice of Readiness (NOR) format, Full Tank Farm Information, including throughput receipt/agreement or Proof of ownership to Seller with Phone number of tank manager.
(C) Buyer Bank Issues Bank Confirm able POF; Bank Guaranty (BG), IBPU, for Total Cargo.
and Deposit copy to Sellers Bank Through Bank to Bank (Buyer’s A/C Manager to Seller’s A/C Manager) for Seller’s Bank to Confirm.

(D) Within 72hrs seller’s Bank Capt delivers full cargo docs with Shuttle Vessel (MT. KING DAVID) that will issue Marine ETA, to buyer and loaded cargo stations at Outside Bar of buyer’s Tank Farm and Longside.

(E) Inspectors Conduct Q&Q test. Buyer’s bank issue Payment Instrument to Seller and intermediaries as stated in Contract. Then cargo is discharged into buyer’s Tank Farm.

(F) Buyer’s bank pays for total cargo in full after delivery.

(G) And upon receipt of full document from seller, vessel untied and sail.

Don't contact me if the Procedure is not acceptable to you as our Procedure is not negotiable. Buyer or Buyers Mandate should contact me.
Regards.

ahead_me@yahoo.com
 
 Contact Information
Name   Mr. UCHE ORAH 
Company   Member : GLOBAL TRADE OIL & GAS CORP. 
Email   Log In to See Email 
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Tel   08115029455 
Fax   08115029455 
Mobile   07014068214 
Web   IN MAKING 
IP   160.152.33.1 

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