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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 210
Buy :: 51
News :: 3
Count : 59
RWA PROCEDURE FOR 2MBBLS, BLCO DELIVERY, CIF 2019-01-12
 
CIF PROCEDURE TO ASWP

PRICE: 10/4 NET 6
1. Buyer signs and returns SPA with their ATB format, marine NOR format and Supercargo/Inspectors Passport ID. The electronically exchanged copy of the signed and sealed SPA which shall be a legal binding and enforceable.
2. Buyers Bank SWIFT (RWA) LETTER via MT799 to Sellers Bank STRICTLY according the verbiage specified.
3. After confirmation of RWA, Seller loads vessel and release MARINE ATB and clearance for Buyers Supercargo To board the cargo laden vessel and confirm product physically.
4. Buyers Bank issues their irrevocable, transferable, divisible and confirmed cash backed STANBY LETTER OF CREDIT (SBLC) OR MT-799 BLOCKED FUNDS
5. Seller instruct the Captain to send marine NOR to Buyers discharge port and Buyers responds with a Port ENDORSED Invitation Letter for the cargo laden Vessel.
6. Seller moves cargo to Buyers port of Discharge for Q&Q test. Buyers Inspector conduct Q&Q test and email the report to the Account Officers of both parties within 12 hours at Buyers expense.
7. Seller sends their final Commercial Invoice to Buyer and shipping documents in BUYERS NAME to Buyers Bank.
8. Buyers Bank SWIFT payment into Sellers Nominated Account immediately and commission Agents are paid according to IMFPA. The product is disengaged into Buyers storage and vessel is disengaged from anchorage.

 
 Contact Information
Name   Mr. KENNETH UCHE 
Company   Member : BULLDOM BRUISE LTD 
Email   Log In to See Email 
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Tel   2348028567080 
Fax   00000 
Mobile   2348036157572 
Web    
IP   41.190.14.71 

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