Price : 165/2 ( NAIRA TRANSACTION)
TANK FARM LOCATION : LAGOS AND PH)
PROCEDURE: AGO TANKFARM DELIVERY TO LAGOS
1- Buyer sign contract and return it with valid Tank Farm details, NOR/ ETA FORMAT,/DISCHARGE AUTHORITY, AND RETURN TO SELLER.
2- Buyer BANK SEND A PRE-ADVICE
BANK GUARANTY(BG) to sellers Bank. Upon which sellers bank acknowledge their acceptance that once they receive the BG from buyers bank they will activate it with a 2% PB.
I.) Buyer then issues the 2% PB, sellers Bank activate it with the agree 2%.
3- Seller loaded vessel issues NOR / ETA to Tank Farm.
4- Buyer Tank Farm respond to NOR /ETA. Seller moves Vessel to Buyer’s TANK FARM.
5- Upon arrival of product at buyer Tank Farm, and conduct Q & Q test and the TWENTY MILLION IS RELEASED FOR LOGISTICS AND DOCUMENTATION.
6- Upon Q & Q, the report is sent to both seller and buyers bank. Vessel discharges product into buyers Tank Farm facility.
7- Buyer Confirm TOTAL discharge of product and effect full payment of Cargo within twenty four hours less TWENTY MILLION NAIRA.
8- Seller Hands over all original Documents to Buyer to close the transaction.Buyer then swifts via Mt760 funds for total cargo in to the Main seller’s bank account and the facilitators.
9. Seller hand over the cargo documents to the Buyer and Vessel is cleared to sail to her port of destination.
10. NEXT TRANSACTION ON ROLLS AND EXTENSIONS.
Contact me if you have seller that can deal..
Mr Tony Ehibor