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AGO 155K MT CURRENTLY ON ANCHORAGE IN LOME WATER
*PROCEDURE*: TANK TO TANKER / TANKER TAKE OVER (TTT/ TTO)
AGO - US$640 LESS $10.00 - TTT / TTO LOME
PROCEDURE : TANK TO TANKER / TANKER TAKE OVER (TTT/ TTO)
1) BUYER AND SELLER SIGN SPA
2) SELLER ISSUES NOMINATED ACCOUNT FOR PRE-ADVICE DETAILS AND BLOCKED FUND VERBIAGE TO BUYER
3) BUYER'S BANKS SENDS PRE-ADVICE BY BANK SECURED EMAIL
4) SELLER CONFIRMS THE PRE-ADVICE AND GIVE BUYER's AS LISTED BY EMAIL NOT BANK TO BANK
(A) BILL OF LADEN
(B) CERTIFICATE OF ORIGIN
(C) CARGO MANIFEST
(D) CERTIFICATE OF QUALITY
5) SELLER'S BANK REPLIES, ACKNOWLEDGES THE PRE-ADVICE AS A READINESS TO RECEIVE THE MT799 BLOCKED FUND
6) BUYER BANK SWIFTS MT799 BLOCKED FUND OF $20 MILLION UNITED STATE DOLLARS OR COST OF TOTAL QUANTITY, MORESO CORRESPONDENCE BANK MUST ADD CONFIRMATION THEN SEND SWIFT COPY TO SELLER
7) SELLER BANK CONFIRMS THE BLOCKED FUND HARD COPY FOR AUTHENTICATION
8) SELLERS LOADED VESSEL CAPTAIN NOR/ETA TO BUYER'S PORT OF DISCHARGE
9) SELLER LOADED VESSEL MOVE TO BUYER PORT OF DISCHARGE
10) SELLER ISSUES MATB AND CLEARANCE TO BUYER INSPECTION TEAM
11) SELLER BOARD BUYERS INSPECTION TEAM, BUYERS SUPERCARGO REMAINS ON BOARD, Q N Q IS CONDUCTED, AFTER ATTESTATION DULY SIGNED WITH CAPTAIN WHILE THE INSPECTOR DISEMBARKS WITH PRODUCT SAMPLE, PRODUCT IS DISCHARGED INTO BUYER STORAGE FACILITIES.
12) BUYER CONFIRMS PRODUCT AND PAYMENT MADE TO SELLER AND ALL AGENT, MANDATE AND FACILITATORS.
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