Buyers Published date: November 10, 2014 Modified date: January 2, 2015

SELLER HAS TWO LOADED VESSELS AVAILABLE IN THE GULF OF GUINEA RIGHT NOW AND ONCE BUYER GIVES BCL/ RWA/ IBPU, ATS AND OTHER DOCUMENTS WILL BE SEND VIA BANK TO BANK AND SELLER WILL BRING VESSEL TO EITHER COTONOU / GHANA WATERS FOR BUYER TO DO Q&Q THEN FINAL PAYMENT.

QUANTITY: 2 MILLION BARRELS

DISCOUNT: 13/9 ----- $9 NET TO THE BUYER
COMMISSION: $1 SELLER SIDE (CLOSED) SELLER PAYS FOR SELLER SIDE
$1 CONSULTANT SIDE (CLOSED) BUYER PAYS FOR CONSULTANT SIDE
$2 BUYER SIDE (OPEN AND UNTOUCHED) BUYER PAYS FOR BUYER SIDE


TTO COTONOU / GHANA WATERS PROCEDURES:

1. Buyer and Seller sign and seal Sales Purchase Agreement including banking coordinates of all parties including agents. The electronic signed copy by both parties is considered legally binding and enforceable and must not be changed without the written consent of the parties. Both parties shall submit same to their respective banks.

2. Buyer returns signed SPA in PDF format with the following:
a. Bank Comfort letter or RWA or IBPU(per seller’s verbiage) from buyer’s bank via swift or email to seller’s bank.
b. Full ATB format
c. Scanned copies of Inspector and Super Cargo IDs.

3. Buyer’s bank sends Bank Comfort Letter or RWA or IBPU to Seller’s Fiduciary Account and sends a copy to the Seller.

4. Upon confirmation of the Bank Comfort Letter or RWA or IBPU by Seller’s Fiduciary Account, Seller sends ATS and Q88 and any other documents to buyer's bank and seller through the vessel master issues MATB to buyer’s Inspector in Cotonou /Ghana waters.

5. Buyer’s Inspector boards the vessel for Q & Q in Cotonou / Ghana waters at buyer’s expense.

6. Q & Q is conducted at buyers’ expense and the result is sent to both buyer and seller.

7. Upon positive confirmation of Quality and Quantity Report of cargo, Buyer’s bank, within 48 hours places full cargo instrument MT103/72, irrevocable, transferable, confirmed and divisible, in favor of Seller by SWIFT into the seller’s nominated account.

8. Seller arranges for buyer to re-charter the vessel.

9. Upon confirmation, Buyer pays seller and all the agents in the transaction

10. Shipping documents and title are transferred on buyers name after confirmation of payment.

11. Vessels sail to buyer’s port of destination.

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