Home
:: ID  
:: Password  
   
  Free Registration
  Forget ID/Password ?
Crude Oil Bid
Jet Fuel Bid
Fuel Oil Bid
AGO/Gasoline Bid
Crude Oil
Bunker Oil
Fuel Oil
AGO/Gasoline 
Aviation Fuel
L P G
L N G/N G
Base Oil/Lubricants
Bitumen/Cement
Petrochemicals
Coal/Coke
Metals
Agri/Grains
Equipment/Plants
Project Finance
Shipping & Storage
Black List/Forum
Job Center
Event Center
Member List
Glossary
      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 451
Buy :: 120
News :: 22
AGO TANK FARM PH 146 LESS 3 2017-01-11
 
CLAUSE 7 – PAYMENT / BANKING PROCEDURES

1. Buyer sign SPA (Sales Purchase Agreement) contract and return with
A. Tank Farm Details
B. Letter of Authority to deliver to tank farm (in NOR FORMAT)
2. Buyer issue (Bank Comfort Letter)
3. Seller send NOR
4. Seller moves Vessel to Q&Q Point.
5. Upon Q&Q Reports, Buyer places pay instruments which shall be Either:-
i. BG (Bank Guarantee)
ii. MT799 (Blocked Founds)

6. Payment instrument is activated as soon as Vessel arrives with Product
7. Discharge upon confirmation of payment in seller ACCOUNT
8. Price 145-2
9. Seller issue documents in Buyers name

 
 Contact Information
Name   Mr. EBI ABEL 
Company   Member : seighaoilltd 
Email   Log In to See Email 
   Inquire Now 
Tel   +234090784376 
Fax   +2348139290946 
Mobile   +2349078796630 
Web    

  : 
  back to top
 Copyright © 2004 - 2017 PETROFINDER All rights reserved. :: Term of Use | Privacy Policy |