Buyers Published date: November 23, 2014

Contact me if you can give the procedure below

PROCEDURE WITH 2% P/BOND: CIF RotherdamMinimum $8 Net to buyer

a. Seller shall issue Sales & Purchase Agreement with Seller's Full Banking
Co-ordinates with (PPOP) Partial POP. Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copies by electronic mail. The electronic signed copies by both Parties are considered legally binding and enforceable.

c. Upon seller receiving signed and sealed SPA from Buyer, seller will place
NoN operative 2% PB to buyer through seller’s financier

d. Buyer’s bank shall respond with Documentary Letter of Credit (DLC)/MT700) to the Financier’s account while forwarding Buyer’s business registration documents and Company profile to the Seller’s Bank. The face value of the DLC shall be equal to the value agreed upon by the Buyer and the Seller and must be equal to at least of one shipment based on the current price of barrel.

e. Upon signing of the SPA by both parties, receiving and confirming LC, Seller shall send copies of Seller‘s DPR License and Business registration documents.

f. Seller shall provide The Aspatankvoy Charter Party Agreement (CPA) for the designated vessel marked "Freight Prepaid" to Buyers destination.

g. Within 72 hours of 8.e above, the Seller will give the Buyer verifiable
Vessel name, call letters, and Captain’s name of the Vessel that is to load for CIF delivery and Buyer signs a copy of the Charter Party Agreement with the Shipping Agency.

h. Within ten (10) days of 14.g above, Vessel shall proceed to the Bonny
Loading Terminal and load cargo Inspectors shall conduct quality and quantity assessment and all relevant shipment documents shall be endorsed/receipted by the Vessel captain, with a copy forwarded to Buyer. The first supply shall be made within 45 days from the date of receipt of SBLC by seller’s bank.

I. After the vessel has discharged its cargo at Buyers destination port and
Buyer has received the Post Discharge Q & Q Report from SGS and after all documents are presented by the Seller after the time of cargo delivery as required by the BG, Buyer shall make payment by Telegraphic Transfer to Seller’s Bank Account for oil and by separate BG to Seller and beneficiaries named in Master Fee Protection Agreement in the contract for fees.

j. Payments are made by swift wire transfer directly to the Seller’s bank
account and commission agents as stipulated in the MFPA in this contract within three (3) international banking days after product delivery to Buyer’s nominated port of discharge against presentation of stated shipping documents (non-negotiable copies) at Buyer’s bank.

k. The signature of this contract by the Buyer and by Seller means both accept all the content as for Quantity, Discount and Procedures

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• Publisher: cuthbert
• Company Name: Mega famous LTD
• Country: nigeria

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