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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 856
Buy :: 188
News :: 22
Count : 56
FOR GENUINE BUYERS WITH UPFRONT CPA: CIF TO ASWP 2018-11-09
 
FOR GENUINE BUYERS WITH SELLER ISSUING UPFRONT CPA.

PROCEDURES: CIF CHINA

1. BUYER & SELLER SIGN AND SEAL SALES & PURCHASE AGREEMENT (SPA). ELECTRONICALLY SIGNED COPY OF THE
SPA IS LEGALLY BINDING AND LAWFULLY ENFORCEABLE. BOTH PARTIES LODGE THE FULLY EXECUTED SPA WITH
THEIR RESPECTIVE BANKS. BUYER SENDS SIGNED SPA WITH FULL DETAILS OF BUYER AND BUYER BANKING
DETAILS.

2. BUYER WITHIN 24 HOURS, SIGNS, SEALS AND SENDS THE a) CONTRACT / SPA INCLUDING BANKING
COORDINATES b) MATB FORMAT WITH DETAILS OF HARBOR MASTER, SHIPPING AGENCY, INSPECTION
COMPANY AND SUPERCARGO TEAM NAME AND ID DETAILS (INCLUDING PASSPORT DETAILS). The signing of
this contract authorises sellers bank to contact buyers bank to establish their awareness of the
contract and readiness to comply with item (6) of the contract procedures.

3. SELLER WILL CHARTER AND PAID FOR A VESSEL AND RELEASE Q88 AND CPA OF THE CHARTTERED VESSEL TO
THE BUYER FOR VERIFICATION.

4. BUYER WILL ISSUE AN MT 199 TEXT MESSAGE (OR AN RWA) TO THE SELLER SHOWING FINANCIAL CAPABILITY
FOR VESSEL TO BE LOADED AND PREP FOR DELIVERY TO GHANA.

5. WITHIN 3-5 BUSINESS DAYS, CHARTERED VESSEL WILL THEN BE LOADED AND A LETTER FROM THE VESSEL
HANDLER HOME OFFICE STATING THAT THE VESSEL IS RECHARTERABLE WILL BE SHARED WITH THE BUYER FOR
CONFIRMATION AND THEN SELLER WILL INSTRUCT LOADED VESSEL CAPTAIN TO SEND NOTICE OF READINESS
(NOR/ETA) MESSAGE TO BUYER SHIPPING AGENCY AT TAKE OVER PORT - GHANA. BUYER SHIPPING AGENT
ACKNOWLEDGES NOR/ETA AND REPLY THEIR READINESS TORECEIVE THE CARGOONBEHALF OF THE BUYER.

6. AFTER NOR/ETA, LETTER FROM VESSEL HANDLER HOME OFFICE ARE VETTED AND INDEPENDENTLY CONFIRMED,
BUYERS WILL ISSUE MT 799 BLOCK FUND FOR THE FULL VALUE OF THE CARGO FROM TOP 25 BANKS IN THE
WORLD TO SELLERS BANK WITHIN 24-48 HOURS OF CONFIRMATION.

7. VESSEL SAILS TO BUYERS TAKE OVER PORT - GHANA. ETA UPDATES WILL BE SENT TO BUYER'S PORT OF TAKE
OVER - GHANA AT TWENTY-FOUR (24), AND TWELVE (12) HOURS PRIOR TO ARRIVAL. UPON ARRIVAL AT BUYERS
PORT OF TAKE OVER, SELLER WILL INSTRUCT THE VESSEL CAPTAIN TO MAKE ANNOUCEMENT TO TEMA
HARBOUR MASTER ON BEHALF OF THE BUYER ON VHF CHANNEL 14/16 AND OPENS AIS FOR PORT CONTROL
AND ASSIGNED INSPECTION COMPANY FOR TRACKING OF VESSEL LOCATION. BUYERS SHIPPING AGENCY
CONFIRMS THE ANNOUCEMENT THROUGH NOTATION ON THE HARBOUR MASTER GAZZETTE AND CLEARS
VESSEL INTO THE PORT OF TAKE OVER ANCHORAGE.
NB: THE LOADED VESSEL WILL ONLY ANCHOR IN THE INTERNATIONAL WATERS OF THE POD COUNTRY PENDING
CLEARANCE FROM BUYERS SHIPPING AGENT. ANY EXPENSES; PORT CHARGES, LEVIES, SECURITY, TUGGING ETC. THAT
MIGHT ARISE AS A RESULT OF VESSEL COMING INTO THE PORT OF TAKE OVER COUNTRY
HARBOR/PORT/TERMINAL/STORAGE OR WATERS WILL BE BORNE BY THE BUYER. ALL CLEARING PROCESSES WILL BE
CARRIED OUT BY THE BUYERS SHIPPING AGENT.

8. SELLER INSTRUCT THE VESSEL MASTER TO ISSUE A MARINE AUTHORITY TO BOARD (MATB) TO BUYERS
NOMINATED SUPER CARGO AND INSPECTORS AS PER BUYERS ATB/NOR FORMAT. Q&Q ANALYSIS IS
CONDUCTED AT BUYER'S EXPENSE. INSPECTION AGENCY MUST BE EITHER SGS, INTERTEK, SAYBOLT, CIQ OR
EQUIVALENT AND MUST BE ACCEPTABLE TO SELLER. THE FINAL Q&Q REPORT BASED ON QUANTITY, IS SENT TO
BOTH BUYER AND SELLER RESPECTIVELY.

9. UPON RECEIPT OF THE INSPECTORS Q&Q REPORT BY BOTH BUYER & SELLER. SELLER ISSUES THE FINAL
COMMERCIAL INVOICE BASED ON Q AND Q REPORT. THEN SELLER SECURES FULL CARGO DOCUMENTS IN
BUYERS NAME TO INCLUDE THE FOLLOWING, BUYER WILL THEN ISSUE CONDITIONAL PAYMENT VIA MT 103/72
FOR THE FULL VALUE OF THE CARGO:
a) CLEAN OCEAN BILL OF LADING, ONE (1) ORIGINAL AND THREE (3) COPIES
b) SELLERS COMMERCIAL INVOICE, ONE (1) ORIGINAL AND THREE (3) COPIES
c) CERTIFICATE OF ORIGIN ISSUED BY NNPC, ONE (1) ORIGINAL AND THREE (3)COPIES
d) CERTIFICATE OF AUTHENTICITY ISSUED BY NNPC, ONE (1) ORIGINAL AND THREE (3) COPIES
e) CARGO MANIFEST, ONE (1) ORIGINAL AND THREE (3) COPIES
f) CERTIFICATE OF QUALITY, ONE (1) ORIGINAL AND THREE (3) COPIES
g) CERTIFICATE OF QUANTITY, ONE (1) ORIGINAL AND THREE (3) COPIES
h) MASTERS RECEIPT FOR SAMPLES
i) MASTERS RECEIPT FOR DOCUMENTS
j) TANKER ULLAGE REPORT
k) TANKER TIME SHEET l) NNPC AUTHORITY TO SELL (ATS)
m) Q&Q INSPECTION REPORT PERFORMED AT LOADING PORT

10. UPON RE - CHARTERING OF VESSEL OR DISCHARGE OF CARGO IN TEMA GHANA, BUYER ISSUES TO SELLER A
NOTIFICATION / TELEX COPY OF THE BUYERS BANK ISSUING RELEASE OF FULL PAYMENT IN USD TO SELLERS
AND INTERMEDIARIES NOMINATED BANK ACCOUNTS VIA TELEGRAPHIC TRANSFER WITHIN ONE (1) BANKING
DAYS OF RECEIVING THE FINAL COMMERCIAL INVOICE. BUYERS BANK WILL ADVISE SELLERS AND
INTERMEDIARIES BANKS BY SWIFT OR TESTED TELEX QUOTING THE VALUE DATE OF THE RELEASE, THE
AMOUNT, THE INVOICE NUMBER, AND THE CLEARING BANK, IF ANY. SUCH ADVICE IS TO BE SENT IN DUE TIME
SO AS TO ENABLE SELLERS BANK TO CREDIT SELLER AND INTERMEDIARIES WITH VALUE ON DUE DATE.

11. SELLERS BANK CONFIRMS PAYMENT, TITLE IS TRANSFERRED TO BUYER AND SELLER RELEASES ORIGINAL COPIES OF ALL SHIPPING DOCUMENTS, TITLE AND DISCHARGE CERTIFICATE TO BUYER


ONLY GENUINE BUYERS TO CONTACT

EMAIL:fitonenv73@gmail.com

FAKE BUYERS AND LONG CHAIN OF ROAD SIDE AGENTS TO BACK OFF...

 
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