1.Seller send spa with ppop buyer sign and seal Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and MUST not be changed. The executed SPA is lodged in their respective banks. Buyer return signed SPA with Valid vessels detailed, ATB FORMAT/NOR FORMAT and scan copy of 5 MILLTON MANAGER OR DRAFT
2.Seller upon receipt SIGNED SPA & confirmation of Valid Vessel details & NOR/ETA AND ATB FORMAT with supercargo and inspector details with SCAN COPY OF MANAGER CHEQUE OR DRAFT
3.Upon successful receipt and confirmation of 20 MILLION MANAGER CHEQUE OR DRAFT by Seller’s or his nominated name bank, Loaded vessel ISSUES MATB TO buyer supercargo and inspector Buyer conduct QnQ on the vessel.
4.Upon confirmation of product buyer issue BLOCKED FUND/IBPU/BG then seller comfirm instrument then Issue NOR to Buyers vessel then the both vessel Longside
5.Upon successful QnQ result, and both vessel longsides Buyer pays 50% before transshipment commences and upon completion BG/BLOCKED FUND crystallized to cash within 48hours less 50% paid.
6.Upon successful transshipment, payment of cargo is done to all nominated accounts and all required cargo documents are issued on Buyer’s or his nominated name.