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ATTN: PROCEDURES FOR AGO DELIVERY ON TTO BASIS TO COTONOU WATERS
Price $550/10 USD
1. BUYER AND SELLER SIGN AND SEAL SPA WITH FULL BANKING INFORMATIONS, THE ELECTRONICALLY SIGNED COPY IS CONSIDERED LEGALLY BINDING ON BOTH PARTIES, And BOTH PARTIES SHALL DEPOSIT COPY OF THE SIGNED CONTRACT WITH THEIR BANKS FOR A RECORD AND INFORMATION.
2. BUYER RETURN SPA WITH $500,000 DOLLARS INSTRUMENT OR BUYER ISSUE CONFIRMABLE N100 MILLION NAIRA BLOCK FUNDS OR BANK DRAFT ATTACHED WITH COMPLETE DETAILS OF HIS SUPERCARGO AND INSPECTOR, MATB/MNOR FORMAT AND INSPECTION COMPANY INFORMATION
3. UPON RECEIPT OF THE SIGNED CONTRACT, SELLER CAPTAIN ISSUES NOR/ETA TO COTONOU HARBOUR MASTER / PORT CONTROL
4) BUYER’S SHIPPING AGENT ACKNOWLEDGES THE NOR/ETA AND WITHIN 40MINS THE VESSEL SAILS TO COTONOU WATER.
5). UPON ARRIVAL AT 10NM COTONOU WATERS THEN SELLER I CAPTAIN MAKES RADIO ANNOUNCEMENT AND VESSEL IS CLEARED INN AND UPON POSITIONING CAPTAIN ISSUE MATB AND NNPC - ISSUED CLEARANCE.
6). UPON RECEIPT OF THE MATB AND AQUIRING OF THE CLEARANCE ON HIS OWN BILL, THE BUYER TAKES ONBOARD AT 10NM, HIS SUPERCARGO AND INSPECTOR FOR PRODUCT CONFIRMATION, ATTESTATION AND SAMPLE TAKING.
7) ATTESTATION AND CONFIRMATION REPORT DULY SIGNED BY BOTH CAPTAIN & BUYER’S SUPERCARGO ONBOARD, BUYER’S INSPECTOR DISEMBARKS WITH SAMPLE FOR Q/Q WHILE BUYER SUPERCARGO REMAIN ONBOARD, BUYERS BANK PAYS $500,000.00 (FIVE HUNDRED THOUSAND US DOLLARS) CASH BY TRANSFERING IN FAVOR OF SELLER NOMINATED ACCOUNT IMMEDIATELY, WITHIN 4 BANKING HOURS FOR LOGISTICS/DOCUMENTATIONS.
8). UPON SUCCESSFUL Q&Q REPORT, FINAL RESULT- ANALYSIS SENT TO BOTH PARTIES, BUYER PAYS VIA MT103/TT FOR FINAL PAYMENT IN ACCORDANCE WITH COMMERCIAL INVOICE PROVIDED LESS THE $500,000.00 (FIVE HUNDRED THOUSAND US DOLLARS), BUYER EFFECTS ALL PAYMENT AS WELL AS ALL AGENTS, FACILITATORS AND CONSULTANTS.
9)UPON CONFIRMATION OF THE PAYMENT, SELLER HAND ALL ORIGINAL CARGO DOCUMENTS TO BUYER AND INTRODUCE BUYER TO THE VESSEL OWNER FOR RE-CHARTER OF VESSEL TO FINAL POD.
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