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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 276
Buy :: 59
News :: 13
NNPC AGO TO TANK FARM WITH ISSUED NOR AS POP @ N140 Gross 2017-11-14
 
(A). Seller and Buyer signs SPA with banking coordinators and lodge in with their respective banks. The electronically signed documents are legally binding and enforceable in the court.
(B). Buyer returns the signed SPA and return with Authority to board (ATB) format/Notice of Readiness (NOR) format, Full Tank Farm Information, including throughput receipt/agreement or Proof of ownership to Seller with Phone number of tank manager.
(C) Buyer Bank Issues Bank Confirmable POF. Buyer raise Draft to get NOR/ETA for Buyer to Confirm and Raise Bank Guaranty (BG), IBPU, BCL (without disclaimer) for Total Cargo.
and Deposit copy to Sellers Bank Through Bank to Bank (Buyer’s A/C Manager to Seller’s A/C Manager) for Seller’s Bank to Confirm.

(D) Within 72hrs seller’s Bank \Capt delivers full cargo docs. Marine NOR, ETA, ATS to buyer and cargo stations at Outside Bar of buyer’s Tank Farm and Longside.

(E) Inspectors Conduct Q&Q test. Buyer’s bank issue Payment Instrument to Seller and intermediaries as stated in Contract. Then cargo is discharged into buyer’s Tank Farm.

(F) Buyer’s bank pays for total cargo in full after delivery.

(G) And upon receipt of full document from seller, vessel untied and sail.

Don't contact me if the Procedure is not acceptable to you as our Procedure is not negotiable. Buyer or Buyers Mandate should contact me.
Regards.

ahead_me@yahoo.com


 
 Contact Information
Name   Mr. UCHE ORAH 
Company   Member : GLOBAL TRADE OIL & GAS CORP. 
Email   Log In to See Email 
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Tel   08115029455 
Fax   08115029455 
Mobile   07014068214 
Web   IN MAKING 
IP   160.152.24.2 

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