AGO TANKFARM DELIVERY LAGOS TANKFARM AT N140-2.SELLER RELEASES 30K FOR US ON SELLER SIDE.
i. Seller and Buyer sign and seal SPA and deposit with their bankers
ii. Seller issues marine NOR.
iii. Buyer confirms M/NOR gives bank managers cheque of N20million send scan copy from buyer account office official bank email to seller’s account officer official bank email.
iv. upon confirmation of the managers cheque, seller moves vessel to tank farm Lagos.
v. Vessel arrives buyer inspector go on board to conduct Q and Q analysis.
vi. After Q and Q N20million is cashed.
vii Upon completion of transshipment, Buyer pays via MT 103 into seller accounts including commissions due to agents, consultants and facilitators.
viii. Seller confirms payment, hands over all documents to Buyer.
xi. End of transaction/Roll over