Loaded Vessels AGO in Nigerian Water, Lagos, Lome, Ghana

Product Details

Loaded AGO Available in Nigerian Waters, Lagos, Lome and Ghana

Specs is NNPC Standard Specifications:

Please note that after buyer's instrument is confirmed, then they can have POP via Bank to Bank

Highly recommended that the buyer must have a Bank that is within Top 25 Banks in the World (for SBLC)

This is the Non-Negotiable Procedure:

1. Buyer and Seller sign SPA and deposit same with their respective banks

2. Buyer return signed SPA with MATB FORMAT and NNPC ACCREDITED SUPERCARGO AND INSPECTOR DETAILS.

3. Seller sends details of available loaded vessels to buyer for tracking.

4. Buyer confirms the location of the loaded vessel he wants to buy and instructs his bank to issue Bank Endorsed Cheque, Manager’s Cheque or Bank Draft of Two Hundred Million Naira (N200, 000,000), or Five Hundred Thousand Dollars($500,000) to seller's fiduciary account and copy seller.

5. Seller confirms receipt of Bank Endorsed Cheque and instructs his bank to release Proof Of Product (POP) to buyer’s bank.

6. Seller instructs his loaded vessel captain to issue MATB/Clearance to board supercargo and inspector to take sample and disembark for Q&Q analysis, N200, 000,000 Bank Endorsed Cheque for logistics turns cash in seller's nominated account. And after Q&Q, seller completes formalities for the loaded document to be reassigned into buyer’s name.

7. Buyer pays for the AGO and all Commission as Recorded in this SPA Section of this Contract Agreement via MT103 to all concerned less N200, 000,000 for logistics.

8. After confirmation of payment by all concerned seller releases documents to buyer’s bank and vessel is allowed to sail to its port of discharge..

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