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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 473
Buy :: 119
News :: 19
Count : 151
TTO,TTT REAL SELLER 2018-10-14
 
TTT 147\2,TTO 149\2.
I AM SELLER MANDATE

TTT PROCEDURE
1. Buyer sign and return with his complete vessel details including ATL and both parties deposit the signed contract with their respective banks.

2. Buyers Bank block N30m in favour of sellers fiduciary logistics company in buyers account and send evidence of blocked fund to seller via email. {See verbiage Annex A}

3. Sellers bank confirms Blocked fund in favour of its logistics company in buyers 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 N30m.
NB: SELLER WILL PLACE NAVY SECURITY ON BOARD BUYERS 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.

TTO PROCEDURE

1. Buyer and Seller sign and seal the Sales & Purchase Agreement Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both parties is considered legally binding and enforceable and MUST not be changed. The executed SPA is lodged in their respective bank.

2. Buyer returns the SPA contract signed & sealed In PDF form along with his Nominated Inspector and Supercargo Agent scanned copy of international passport pages and Tug-Boat details.

3. Buyers Bank block N50m in favour of sellers fiduciary logistics company in buyers account and send evidence of blocked fund to seller via email. {See verbiage Annex A}

4. Seller loaded mother vessel issues Marine/Corporate Authority to Board to Buyers Inspectors and Supercargo Agent to board his loaded vessel for Quantity and Quality Inspection.

5. Buyers Inspectors and Super Cargo agent board sellers vessel to Confirm product, Buyers Super Cargo remains onboard Sellers loaded vessel, while Buyer Inspector comes down with Product Sample

6.Buyer immediately Pays/unblock N50million Naira Logistics/Commitment fee to Seller logistics company and also issues the inspection certificate report of the actual Quantity and Quality on board sellers loaded vessel to both Buyers and Seller's Banks.

7. Buyer's Bank effects payment within 24 hrs by SWIFT wire (KTT) Transfer to Sellers account, all agents and facilitators accounts as Stipulated on the Signed SPA contract Agreement.

8. Seller confirms payment and introduces the Buyer to the vessel owner for the purpose of re-chartering the vessel. Formal take-over is initiated and concluded with a new Charter Party Agreement signed by Buyer to destination Port. Buyers vessel now sails to Buyers Port of discharge

[NB] Relevant shipping documents to be programmed out in Buyers business name by Seller are in the form of (Discharge Certificate, Commercial Invoice and Masters Receipt of Documents etc.).

9. Next transaction commences.

 
 Contact Information
Name   Mr. LIMAN ABBA 
Company   Member : SAFEENA GROUP 
Email   Log In to See Email 
   Inquire Now 
Tel   +2349081237523 
Fax   +2349080000000 
Mobile   +2349081237523 
Web    
IP   82.145.220.196 

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