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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 507
Buy :: 136
News :: 8
Count : 62
AGO TTT REAL SELLER 2018-10-12
 
TTT PROCEDURE 147/2
1. Buyer sign and return with his complete vessel details including ATL and both parties deposit the signed contract with their respective banks.

2. Buyer’s Bank block N50m in favour of seller’s fiduciary logistics company in buyer’s account and send evidence of blocked fund to seller via email. {See verbiage Annex A}

3. Seller’s bank confirms Blocked fund in favour of its logistics company in buyer’s account and within 72 hours, loads their daughter vessel within 3-5 banking days {may be less} and instructs the Captain of the cargo laden vessel/terminal to send ‘marine NOR’ to buyer's vessel and open up communication. Buyer must ensure Venders and holes are in their vessel for trans-shipment process.

4. Buyer vessel log side, {buyer vessel must be empty} transhipment takes place and Buyers inspector conduct Q/Q, seller's logistic company cash the N50m.
NB: SELLER WILL PLACE NAVY SECURITY ON BOARD BUYER’S VESSEL TILL THE COMPLETION OF THE TRANSACTION

5. Buyer places MT103 for the entire cargo within 6 hours after Q/Q. Seller issue commercial invoice to buyer's bank for payment.

6. Buyer's bank effect payment for the entire cargo into seller's account within 24hrs, seller confirm payment and hand over the complete cargo documents to buyer's bank. Seller pays all intermediaries with the final payment schedule

7. Buyer vessel is allowed to sail off to buyer's port of discharge.

8. Next transaction commences.
 
 Contact Information
Name   Mr. LIMAN ABBA 
Company   Member : SAFEENA GROUP 
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Tel   +2349081237523 
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