BLCO

Product Details

BLCO TTO 1-2M BBLS Ghana/ Lome/ Cotonou/ Nigeria waters at N120/4 or $12/4 available with N500m CCC + ATV only.


TRANSACTION PROCEDURE

(1) Seller issues Sales Purchase Agreement. (S.P.A) Buyer and seller sign and lodge in their Banks. The electronic signed copy of SPA by both parties is considered legally binding and enforceable.

(2) Buyer returns signed SPA with NOR/ATB format with NNPC approved supercargo/Inspectors passport copy. Buyer issue N500m CCC + ATV for the cargo.

3, Seller confirms the buyer logistic instrument within 24 hrs

4, Seller issues MNOR ETA and moves vessel to 10-12 neutical miles, Team int'l water, Lome

5, Vessel gets to Lome. Seller’s captain issue MATB and makes announcement while Buyer Boards his boarding team

(6) Inspector collects samples and disembarks, while Supercargo remains on board and Captain issues an Attestation counter signed by the super cargo and the captain.

(7) while buyer supercargo remain on board and inspector comes down with samples, buyer pays N500m logistics within 24 hours of Attestation while QQ completed and Inspectors issue report to both parties.

(8) Seller issues commercial invoice and full cargo documents in Buyer’s name and Buyer’s Bank. Buyer makes full payment by Swift Wire Transfer MT 103 to seller nominated account less N500m already paid.

(9) Seller introduces Buyer to vessel handler’s for re-charter of vessel and sails to buyer’s port of discharge at Buyers expense while the Seller pays all agents as per contract.-

(10) Next shipment Bernard