Buyers Published date: December 26, 2019

CIF PROCEDURES:FOR MY ESTEEMED BUYERS . PRICE $10/$6..BUYER MUST ISSUE LOI
SELLERS SIDE IS COMPLETELY CLOSED. ALL AGENTS/FACILITATORS/BUYERS MANDATE FALL ON BUYER SIDE. ***THANKS
Seller and Buyer sign SPA and deposit same with their respective Banks. (E-mail and Facsimile copies shall be accepted as originals).
Buyer’s issues RWA swifted to the seller’s bank.
Seller issues the shipping documents and sends same to the buyer for confirmation.
Upon receipt and confirmation of cargo documents buyer's immediately issue MT760 SBLC or MT799 Blocked Funds for this transaction, Seller confirms buyer’s instrument and issues both ETA and NOR.
Copies of CIF standard shipping documents will be made available to both buyer and buyer’s bank with the following documents in buyer’s name which includes:
Clean on board ocean Bill of Lading
Certificate of Quality
Certificate of Quantity
Certificate of Origin
Vessel Ullage Report
Receipt of Samples
Cargo Manifest
Authority to Sell (ATS)
Seller Commercial Invoice.
Loaded vessel sails to buyer’s port of discharge.
Upon arrival at buyer’s port of Discharge, seller’s vessel captain issues NOR to tender the vessel’s arrival and issues Marine ATB from his vessel domain via e-mail to the buyer.
Buyer’s appointed super cargo and inspectors board the vessel and conduct Quality and Quantity analysis test and the Result is tendered to both the buyer and seller.
Upon positive Q & Q Result, the crude oil is discharged into the buyer’s tanks.
Payment is made within three banking days by MT103 directly to seller’s account by SWIFT
for the total value of the crude oil and agents nominated accounts as stipulated in the SPA per outs turn barrel upon presentation at the counter of buyer’s bank all the originals of the shipping documents in the buyer’s name and seller’s commercial invoice.
13. WARRANTIES
14.The following documents will be handed over to the Buyer for confirmation that the product has been discharged:
Original and 3 copies of commercial invoice.
Full set of 3 original and non-negotiable copies of bill of lading
1 Original and 3 copies of Certificate of Quantity
1 Original and 3 copies of Certificate of Quality
1 Original and 3 copies of Certificate of Origin
1 Original and 3 copies of master's receipt of samples
1 Original and 3 copies for master's receipt of each one-copy document, excepting commercial invoice
1 Original Ullage report issued at loading terminal.
1 Original and 3 copies of cleanliness report at loading port.

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• Publisher: Austine Tunechi
• Company Name: TUNECHI EMPIRE

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