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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 1043
Buy :: 275
News :: 46
Count : 69
BLCO TTO NIGERIA/COTONOU/GHANA WATERS (FREE BOARDING IN NIGERIAN WATERS). NAIRA & DOLLARS DEALS 2018-04-17
 
TTO PROCEDURE FOR 2MBBL BLCO FROM NIGERIAN WATERS
(FREE BOARDING IN NIGERIAN WATERS). - NAIRA & DOLLARS DEALS

DISCOUNTS;
#50/5
$12/5


1. SELLER AND BUYER SIGNS CONTRACT AND BUYER RETURNS SIGNED AND SEALED CONTRACT WITH NOR/ETA/MATB FORMAT. AND INSPECTION TEAM PARTICULARS.

2. SELLER TO ISSUE MATB AND TO BOARD BUYER’S NNPC APPROVED SUPERCARGO WITHIN THE NIGERIAN INTERNATIONAL WATER FOR CONFIRMATION AND ATTESTATION OF PRODUCT AND RESPOND TO THE DETAILS OF PRODUCT ONBOARD TO BUYER.

3. BUYER WILL IMMEDIATELY PLACE A BLOCK FUND IN THE AMOUNT OF THE NAIRA EQUIVALENT OF $500,000 IN BUYERS ACCOUNT IN FAVOUR OF SELLER’S NOMINATED FIDUCIARY ACCOUNT

4. UPON CONFIRMATION OF BLOCKED FUNDS FOR LOGISTICS BY SELLER AND SELLER’S BANK, SELLER INSTRUCTS CAPTAIN TO MOVE THE LOADED VESSEL TO GHANA WATERS WHILE BUYER’S SUPERCARGO REMAINS ONBOARD.

5. UPON VESSEL ARRIVAL AT GHANA WATERS, SELLER BOARDS BUYER’S INSPECTION TEAM IN GHANA WATERS AND BUYER’S INDEPENDENT INSPECTION TEAM / COMPANY CONDUCTS QUALITY AND QUANTITY TEST ANALYSIS (Q&Q) AND ISSUE COMFIRMED POSITIVE RESULT REPORT SENT TO BOTH BUYER AND SELLER VIA E-MAIL. UPON BUYER’S INSPECTORS TAKING SAMPLE FOR QNQ ANALYSIS IN GHANA WATER, THE BLOCKED FUNDS OF THE NAIRA EQUIVALENT OF USD$500,000.00 TURN TO CASH TO PAY FOR LOGISTICS AND PREPARE FOR DOCUMENTATION.

6. BUYER PLACES AN AGREED INSTRUMENT (LC/ BG/ SBLC) AFTER Q&Q REPORT TO THE SELLER AND BUYER.

7. BUYER PAYS FOR ENTIRE CARGO COST VIA MT103 WIRE TRANSFER INTO SELLER’S NOMINATED ACCOUNT AND ALSO PAY COMMISSION INTO AGENT/INTERMEDIARIES ACCOUNTS WITHIN 72 HOURS BASED ON OUT TURNED BARREL AS PER Q&Q REPORT UPON SELLER’S PRESENTATION OF ALL SHIPPING/CARGO DOCUMENTS WHICH IS ALREADY IN BUYER’S NAME.

8. SELLER INTRODUCES BUYER TO VESSEL HANDLERS AND VESSEL IS TAKEN OVER AND SAILS TO BUYERS PORT OF DELIVERY

9. SELLER’S VESSEL SAILS OFF TO ITS DESTINATION AND NEW TRANSACTION BEGINS

+60166955412
 
 Contact Information
Name   Mr. Joe C.Y. 
Company   Member : JP INT'L PTY LTD 
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Tel   +65100 
Fax   +65200 
Mobile   +65100 
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IP   123.136.116.196 

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