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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 930
Buy :: 198
News :: 46
Count : 29
CIF PROCEDURE ON BCL 2018-05-17
 
GROSS: $10.00/BBL
NET TO BUYER: $ 6.00/BBL
COMMISSION: $2.00/BBL SELLER SIDE (CLOSED);
$2.00/BBL BUYER SIDE OPEN

1. SELLER AND BUYER SIGN AND SEAL SPA AND DEPOSIT SAME WITH THEIR RESPECTIVE BANKS.

2. BUYER RETURNS SIGNED SPA TO SELLER ALONG WITH ANNOUNCEMENT/NOR/ATB FORMATS, TOGETHER WITH THE DETAILS OF HIS INSPECTOR AND SUPERCARGO.

3. BUYER’S BANK SENDS BCL, BASED ON VERBIAGE ACCEPTED BY SELLER “ TO SELLER’S BANK.

4. SELLER BANK CONFIRM BCL INSTRUMENTS THEN ISSUE PARTIAL. POP TO BUYER THEN ISSUE NOR/ETA THEN MOVES VESSEL TO CHINA WATERS AND MAKE ANNOUNCEMENT IN FAVOUR OF BUYER TO HARBOR MASTER/SHIPPING AGENCY AND ISSUES MATB TO BUYER SUPERCARGO AND INSPECTOR

5. BUYER'S SUPERCARGO AND INSPECTORS ARE ISSUED MATB TO BOARD AND CONDUCT Q&Q QUANTITY AND QUALITY ANALYSIS.

6. AFTER SUCCESSFUL Q&Q RESULT BUYER PAYS FOR TOTAL PRODUCT VIA MT103 AND THE COMMISSION TO ALL AGENTS. BUYER’S SHIPPING AGENCY COMMENCES ACTION FOR IMMEDIATE DISCHARGE OF PRODUCT AFTER CUSTOMS DECLARATION.

7. SELLER CONFIRMS THE WIRE TRANSFER AND RELEASES THE CARGO'S TITLE AND ORIGINAL SHIPPING DOCUMENTS INCLUDING FULL POP IN THE NAME OF BUYER VIA BANK TO BANK WITHIN TWO (2) BANK WORKING DAYS. COMMISSION MUST BE PAID SIMULTANEOUSLY BY SELLER TO ALL AGENTS / FACILITATORS / MANDATES AS PER IMFPA

VANT GLOBAL MERCHANT GET'S PAID ON BUYER'S SIDE
 
 Contact Information
Name   Mr. Tony Anthony 
Company   Member : Vant Global Merchant Sdn.Bhd 
Email   Log In to See Email 
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Tel   +60168513921 
Fax   +601156568734 
Mobile   +6016513921 
Web   www.vantglobal.com 
IP   42.191.186.13 

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