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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 468
Buy :: 119
News :: 19
Count : 48
BLCO CIF SELLER BANK SENDS PRE-ADVICE TO BUYER'S BANK 2018-11-08
 
BLCO CIF SELLER BANK SENDS PRE-ADVICE TO BUYER'S BANK

||*Price*: $10/6||
*Commission:* $4.00
Commission Split: $2.00 each to buyer's side and seller's side
Procedure for CIF, :

1.Seller releases his signed SPA

2 Buyer confirms SPA, signs and copy exchanged.Electronic copy is considered legally binding and enforecable

3.executed SPA is lodged with their respective banks.

4.Seller's Bank sends to buyer's bank a pre-advice MT 199 by Swift stating readiness to issue 2% Performance Bond (PB) and readiness to receive Buyer's SBLC.

5.Buyer's bank issues SBLC MT 760, Seller's Bank issue 2% PB via MT 799 to Buyer's bank.

6 Seller loads vessel and issue full POP bank to bank basis only, and NOR/ETA to Buyer's Shipping Agent . Vessel sails to Buyer's discharge port

7 upon arrival at Buyer's discharge port,
Seller authorizes Vessel Captain to issue MATB/ DTA to Buyer's inspectors to perform Q and Q analysis

8.After successful Q and Q analysis, discharges into his tank farm

9. Seller realeses loaded cargo documents to Buyer and Buyer makes full payment for cargo via MT 103 to Seller's Bank.

10 Seller pays all commissions/ facilitator's fees as stipulated in the spa

Fabian Chizoba
+2347012133156
+97470051755 whatapp
Windofchangeoil@gmail.com
 
 Contact Information
Name   Mr. Fabian Chizoba 
Company   Member : Wind of change 
Email   Log In to See Email 
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Tel   +234701 213 3156 
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