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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 1042
Buy :: 275
News :: 46
Count : 33
TTO 2 MILLION BARRELS TTO GHANA - $12/4 2018-04-17
 
DISCOUNT: $12 GROSS; $8 NET TO BUYER

PROCEDURE FOR TTO GHANA WATER

1. SELLER AND BUYER SIGN SPA.
BUYER RETURNS THE SIGNED SPA, ATB, NOR FORMAT AND SUPERCARGO PASSPORT ID IN LESS THAN 24 HOURS FROM THE TIME SPA IS ISSUED.

2. BUYER'S BANK SWIFTS A CASH BACKED UNDERTAKING OF $500,000 MT799 OR MT760 TO SELLER'S BANK FOR LOGISTICS AND A COPY SENT TO SELLER.

3. SELLER CONFIRMS INSTRUMENT AND GIVES NOR/ETA AND MOVES THE VESSEL TO GHANA 10-12 NAUTICAL MILES GHANA WATER FOR BUYER TO CONDUCT Q&Q.

4. CAPTAIN ANNOUNCES LOCATION AND INTENTION TO TEMA PORT AUTHORITIES/SHIPPING AGENT/INSPECTORS AND BUYER TEAM.

5. BUYER ACKNOWLEDGES ANNOUNCEMENT

6. SELLER ISSUES MATB THROUGH THE CAPTAIN TO BUYER'S SUPERCARGO AND INSPECTION TEAM TO COME ON BOARD THE VESSEL IN GHANA

7. Within 12-24 hours UPON BOARDING AND CONFIRMATION OF CARGO BY SUPERCARGO AND ATTESTATION BY CAPTAIN SENT TO BUYER AND HIS BANK, and Inspector taking sample, BUYER WIRES $500,000 into Sellers account to cover logistics and documentation.

8. BUYER'S INSPECTOR SUBMITS Q&Q REPORTS TO THE BANK OF BOTH PARTIES WITHIN 6-24 HOURS AND BUYER MAKES PAYMENT FOR LOGISTICS. SELLER SENDS COMMERCIAL INVOICE AND SOFT COPIES OF SHIPPING DOCUMENTS ISSUED BY NNPC IN BUYER'S NAME TO BUYER'S BANK.)

9. WITHIN 72 HOURS OF Q&Q AND SUBMISSION OF Q&Q REPORTS TO THE BANK OF BOTH PARTIES, BUYER'S BANK MAKES PAYMENT FOR THE ENTIRE CARGO INTO SELLER'S ACCOUNT *(LESS THE COST OF LOGISTICS and Documentation ALREADY PAID)*. ALL AGENTS ARE PAID ACCORDING TO THEIR COMMISSIONS INTO THEIR RESPECTIVE ACCOUNTS AT THE SAME TIME BUYER'S BANK MAKES FINAL PAYMENT FOR THE ENTIRE CARGO. (AGENTS WILL BE RESPONSIBLE FOR THE COST OF SWIFT WIRES.)

10. SELLER INTRODUCES BUYER TO VESSEL HANDLERS. BUYER RE-CHARTERS THE VESSEL AND TAKES OVER THE CARGO. SELLER FURNISHES BUYER WITH CPA, Q88 AND THE FOLLOWING DOCUMENTS ARE PROVIDED TO BUYER AND/OR BANK TO BANK.
i)Clean on Board Ocean Bill of Lading
ii) Certificate of Quantity (SGS or equivalent)
iii)Certificate of Analysis (optional)
iv) Certificate of Origin
v) Certificate of Quality
vi) Sellers Commercial Invoice
vii) Vessel Ullage Report
viii) Receipt of Samples (optional)
ix) Cargo Manifest.

+60166955412
 
 Contact Information
Name   Mr. Joe C.Y. 
Company   Member : JP INT'L PTY LTD 
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