Buyers Published date: July 8, 2016

3.0 CIF PROCEDURE: BLCO IN CHINA TANK FARM

1. Buyer and Seller execute, sign and seal this SPA via electronic mail. The electronically transmitted copy signed and sealed by both parties shall be considered legally binding and enforceable.

2. Both parties lodge signed, sealed copies of the SPA with their respective banks.

3. Seller issues Buyer with tank farm storage information and documents.

4. Buyer issues Seller with an instrument (MT199/MT760 blocked funds) via swift to cover the full value of the product.

5. Upon confirmation of instrument, Seller’s storage facility managers issue Buyer with clearance to access the storage facility for dip test.

6. Buyer’s inspection team conducts dip test on the product in the storage facility.

7. Upon release of results of dip test analysis, Buyer instructs bank to release total value of the cargo direct to the Seller’s account via wire transfer or swift MT103 as provided in the SPA and commissions are paid accordingly.

8. Upon confirmation of receipt of funds, product is discharged into Buyer’s storage facility or loaded into Buyer’s vessels and Seller provides buyer with all relevant documents re-issued in the Buyer’s name.

THIS Is TANK FARM CIF $10/6 $ NET TO BUYER, $2.00 TO SELLER CLOSED$1.00 TO BUYER/MANDATE OPEN
$1.00 OUT OF BUYER COMMISSION TAKEN BY CONSULTANTS

PASTOR DANIELS

+2348029433410, +2348136567171, +2348057697884
WHATSAPP, IMO
SKYPE: teddydaniels2
Palmchat:116847049

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• Publisher: ADELEGAN T. DANIELS
• Company Name: ADEMOLA RUFUS & SONS
• Country: NIGERIA

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