07/09/2021
*AGO available for Tank Farm Delivery with upfront POP*
*PH Price : N185-2*
*LAGOS: N182-2*
FULL PROCEDURE
1. Buyer signs contract and return it with NOR FORMAT, INSPECTOR DETAILS, OFFER LETTER FROM TANK FARM, AND THROUGHPUT AGREEMENT. THE ELECTRONICALLY SIGNED DOCUMENTS BEAR THE SAME FORCE AND FUNCTION AS THE ORIGINAL AND IS LEGALLY BIDING.
2. BUYER’S BANK GIVE A LETTER OF PROMISE TO SELLER REQUESTING FOR PROOF OF PRODUCT, AND THEIR WILLINGNESS TO PLACE A BANK DRAFT OF N100 MILLION NAIRA UPON RECEIVE AND CONFIRMATION OF THE PROOF OF PRODUCT.
3. SELLER ISSUES PROOF OF PRODUCT TO BUYER.
4. BUYER ISSUES BANK DRAFT FOR N100 MILLION NAIRA AND SENDS A SCANNED COPY FROM HIS ACCOUNT OFFICER'S EMAIL TO SELLER'S ACCOUNT OFFICER'S EMAIL ALONG WITH A COVER LETTER ACCORDING TO THE FORMAT GIVEN WHICH WOULD STATE THE BANK DRAFT WILL NOT BE REPURCHASED FOR A PERIOD OF 30 DAYS.
5. SELLER CONFIRMS THE RECEIPT OF THE BANK DRAFT.
6. SELLER’S CAPTAIN ISSUES MARINE NOTIFICATION OF READINESS (NOR/ETA), UPON RECEIPT AND PROPER CONFIRMATION OF BANK DRAFT FROM BUYER'S BANK.
7. BUYER’S TANK FARM MANAGER ACKNOWLEDGES RECEIVE OF THE NOR/ETA, AND ITS READINESS TO RECEIVE THE CARGO.
8. SELLER INSTRUCTS HIS CAPTAIN TO MOVE CARGO TO BUYER'S JETTY.
9. UPON ARRIVAL AT BUYER’S JETTY, SELLER CLEARS IN THE VESSEL AND TAKES BUYER’S INSPECTOR ONBOARD FOR Q&Q
10. UPON SUCCESSFUL Q & Q, AND TEST REPORT SENT TO BOTH PARTIES. BUYER'S BANK DRAFT BECOMES CASH, TO SELLER'S FIDUCIARY ACCOUNT, AND BUYER PAYS 50% OF THE TOTAL CARGO TO SELLER'S ACCOUNT WITH 24HOURS.
11. SELLER TRANSHIPS INTO BUYER’S TANK FARM STORAGE.
12. BUYER MAKES FULL BALANCE PAYMENT VIA MT 103/ WIRE TRANSFER TO SELLER AND ALL FACILITATORS, LESS ALL LOGISTICS PAID, WITHIN 72HOURS AFTER DISCHARGE.
13. SELLER ISSUES CARGO DOCUMENTS IN BUYER'S NAME.
14. NEXTSHIPMENT
*Contact me for the SPA only when buyer accepts the procedure and price* 07033431028 // 08092824943.
