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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 232
Buy :: 89
News :: 7
Count : 25
AGO TTT AT N150 LESS 2 2018-06-13
 
TRANSACTION PROCEDURES TTT
TTT (AGO) 30KMT

1. SELLER AND BUYER SIGN CONTRACT AND DEPOSIT IN THEIR RESPECTIVE BANKS. BUYER RETURNS SIGNED SPA WITH NOR/ETA FORMAT.

2. BUYER SIGNS AND RETURNS WITH NOR FORMAT,CPA,CHARTER PARTY RECIEPT,Q88 AND ATL.

3. UPON CONFIRMATION OF VESSEL DETAILS SELLER THEN, ISSUES NOR/ETA TO BUYER’S VESSEL.

4. BUYER CONFIRMS AND ACKNOWLEDGES NOR/ETA AND ISSUES BANK GUARANTEE (BG) ON TOTAL CARGO AND BUYERS VESSEL OPENS COMMUNICATION WITH SELLERS PREGNANT VESSEL AND AGREE ON STS LOCATION.BOTH VESSELS LONGSIDE AND TIE UPAND BUYER RELEASES N100M TO SELLERS NOMINATED ACCOUNT FOR LOGISTICS AND TRANSHIPMENT COMMENCES.

5. UPON SUCCESSFUL Q& Q REPORT AFTER TRANSHIPMENT BUYER ISSUES MT103 FOR TOTAL CARGO IN FAVOUR OF SELLER.

6. SELLER ISSUES MR AND DC TO BUYER AND REASSIGNS ALL OTHER RELEVANT DOCUMENTS IN BUYERS NAME AND PRESENT TO BUYER


7. BASED ON THE SUCCESSFUL QNQ REPORT FINAL PAYMENT IS MADE VIA KTT SWIFT WIRE TRANSFER TO SELLERS ACCOUNT AND COMMISSIONS TO ALL AGENTS AND FACILITATORS ACCOUNTS LESS ALL ADVANCE PAYMENTS

8. DEAL CLOSES AND POSSIBLE ROLL OVERS COMMENCE.

Send request to george.opus@rocketmail.com for SPA

 
 Contact Information
Name   Mr. George Opus 
Company   Member : Umeme 
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