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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
Sell :: 468
Buy :: 119
News :: 19
Count : 118
100kmt AGO TTO – LOME WATERS VESSEL NAME: MT MARONI IMO NO. 8002078 2018-11-09
 
TRANSACTION PROCEDURE: (TTO – LOME WATERS)
VESSEL NAME: MT MARONI IMO NO. 8002078 - LOME WATERS
PRODUCT: {Automotive Gas Oil} {AGO}
PRICE: US$480.00 Gross LESS $10.00

1) Seller drafts Contract/SPA and sends to Buyer for signing, sealing and other information as may be necessary and exchange the signed copies by electronic mail. The electronic signed copies by both parties are considered legally binding and enforceable in the law court. The executed SPA is lodged in their respective banks.

2) Buyer returns signed SPA with ATB format, Supercargo/Inspectors Data pages (NNPC approved).

3) Buyer issues a N500,000.00 Manager Cheque scanned bank-to-bank to Sellers bank and the original back endorsed that it is cashable after the receipt and confirmation of PPOP by Buyers bank and the original deposited with Sellers Bank Officer/Representative. Buyers bank REQUESTS for POP & COMMERCIAL INVOICE from the Sellers bank in order to verify and confirm the POP and raise BG/INSTRUMENT for the total cargo Bank-to-bank and copy: stevglorysolutions@yahoo.com.

4) Seller sends POP & COMMERCIAL INVOICE to the Buyers bank for verification, confirmation and issuing of BG/INSTRUMENT for the total cargo Bank –to-bank and copy: stevglorysolutions@yahoo.com.

5) Buyer verifies, confirms POP and raises BG/INSTRUMENT for the total cargo (NOTE: IT MUST BE CLEARLY WRITTEN IN THE BG/INSTRUMENT THAT US$2,000,000.00 (TWO MILLION US DOLLARS) SHALL BE RELEASED CASH INTO THE SELLERS ACCOUNT FOR LOGISTICS AS THE PRODUCT IS CONFIRMED AND Q&Q CONDUCTED)

6) Seller confirms BG/INSTRUMENT raised by the Buyer and issues MATB/Clearance to the Buyer and Buyer acknowledges within 1-hour. Seller boards Buyers Supercargo and Inspectors in Lome waters.

7) Upon Attestation issued by Sellers captain and endorsed by Buyers Supercargo, Buyer releases US$2,000,000.00 (TWO MILLION US DOLLARS) CASH immediately into the Sellers accounts for logistics.

8) Buyers inspection team disembarks with sample and conduct Q&Q TEST.

9) Buyer makes full payment less $2,000,000.00 paid for logistics. Buyer pays into the Sellers account and agents/facilitators accounts within 48hours.

10) Seller confirms the full payment in Sellers bank account and the agents/facilitators bank accounts and releases all the cargo documents to the Buyer in Buyers name.

11) Vessel sails to the Buyers pod. Next transaction.


 
 Contact Information
Name   Mr. Augustine Igweh 
Company   Member : Belcher Nigeria Limited 
Email   Log In to See Email 
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