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which buyer pays a seller upfront for logistics? what makes your side a seller?
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>> Mr. samim qadri, Swiftnet inc
6 M BBLS BLCO TANJING TANK FARMV
Only serious buyers LOI is needed for SPA
Procedure/Price
1 Seller and buyer sign SPA
2 Seller provides pop including
Tank farm Coordinates
nnpc documents confirming cargo
Contact of the nnpc engineer in China
3 Buyer bank puts up instrument MT760 USD 30M for three months or upfront $250,000 for logistics to seller direct account in São Tomé
4 Seller gives DTA
5 Buyer does CiQ
6 Payment MT103 MINUS $250,000
7 Seller pay commission
Price $9/$3 $6 Net
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