Sir,kindly send to my mail and i would revert with my seller mandate reply to you asap.
>> Mr. karimu shaibu, ROYAL GLOBAL LINDA
SERIOUS SELLER NEEDED FOR 2MB TO CHINA PROCEDURE BELLOW.
Procedure to china Cif procedure not negotiable price 10/6
1. Seller releases her signed SPA (Attach Copy of International Passport).
2. Buyer confirm the SPA and signs and seals the Contract with banking Coordinates and ETA/NOR format and exchange the signed copy by electronic mail. (Buyer also attach Copy of International Passport) The electronic and signed copy by both Parties is considered legally binding and enforceable and must not be changed.
3. The executed SPA is lodged with their respective banks.
4. Seller's Bank issues non operative PB via MT760 confirming readiness to issue PB to buyer's Bank.
5. Buyer Bank issues Blocked Fund via MT799 to sellers bank for United States Dollars One Hundred Million for one vessel of value of 2 million barrels.
6. Upon receiving Buyer's Blocked Fund, Seller's 2% Performance Bond automatically activated and Seller's bank send swift free message to Buyer's Bank informed that PB is activated. Seller issues full POP bank to bank basis only and NOR/ETA to buyers shipping agent. 7. Seller authorizes vessel Captain to issue MATB/DTA to Buyers Inspectors while Buyer clears the vessel and boards Inspectors who performs timely Q&Q/CIQ analysis/inspection at Buyers expense.
8. Immediately after successful Q&Q analysis, Vessel sails to Buyers discharge port and discharge into buyer tank farm.
9. Seller releases loaded cargo documents in favor of the Buyer and hard copy delivered to Buyer. Buyer makes full Payment via Swift MT103 Wire Transfer for total cargo to Sellers nominated bank account within 3 to 5 banking days. Seller shall pay all commissions to agents and facilitators the same day he receives payment from the Buyer.
NOTE- Terms for both 2% PB and Blocked Fund Via MT799, as below:-
90 DAYS VALIDITY FOR 2 MILLION BARRELS AS FIRST 2 SHIPMENTS.
180 DAYS VALIDITY FOR FOLLOWING 2 MILLION BARRELS PER MONTH AS YEARLY CONTRACT (PB & BLOCKED FUND VIA MT799 SHALL BE REISSUED IN 6 MONTHS TIME).
Full text of Pre Advise PB issue from Sellers bank must be scanned and email for buyer confirmation before Swift by sellers bank.
Full text of Blocked Fund via MT799 issue from Buyers bank must be scan and email to seller for confirmation before swift by Buyers Bank Price for Buyers Blocked Fund via MT799 shall follow the Sellers PB issuance price as per (DTD) Brent, as stated in the Platts Oil gran Market Report.
Sellers PB price shall be confirmed upon swift Pre Advise PB.