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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 210
Buy :: 51
News :: 3
Count : 68
BLCO TTO GHANA WATERS DEAL IS AVAILABLE FOR $12/8 2019-01-13
 
TTO GHANA WATERS

1. Seller provide contract SPA to be signed/sealed by Seller and Buyer. Both lodge a signed copy with respective banks. Buyer returns signed/sealed SPA in PDF with copies of ATB format and NNPC accredited Inspector/ Supercargo's details & passports.

2. Buyer issue RWA for the entire cargo from a top rated Bank to Sellers Bank.

3. Seller instruct vessel captain to issue NOR/ETA to Buyer/Buyers Harbour Master and to also sail to 12NM in Ghana Waters and make Announcement to Buyers Harbor Master, then buyer engages the services of his shipping agent/inspection company to officially nominate the supercargo & inspector. Seller thereafter issue ATB/Clearance and position for Q&Q analysis.

4. Upon receipt of ATB, Buyer immediately Issues Blocked Funds Of $500,000 for Logistics into Sellers Account.

5. Upon Confirmation of Blocked Funds in Sellers Bank, Seller takes Buyer's supercargo and inspector onboard at Buyer's expense.

6. Buyer Inspection Crew conducts Q&Q and provides Buyer & Seller each with a copy of the Q&Q report. Buyer's Blocked Funds immediately becomes cashable to Seller after Inspector disembarks from pregnant vessel.

7. Buyer place final payment via MT103 minus the logistics payment of $500,000, upon receipt of Commercial Invoice and Q&Q report. Seller via NNPC issues soft copy cargo document to Buyer & Buyers bank.



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Name   Mr. Ade Olowookere 
Company   Member : ADEX OIL & GAS 
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