Sellers Published date: November 28, 2014 Modified date: January 2, 2015

2,000,000 barrel of BLCO available at

Price:70/4

PROCEDURES FOR TTO:

1: Seller sends SPA to buyer and buyer signs and returns the contract and both parties lodge the contracts in their banks. Buyer returns the signed contract with ATB format

2: Buyers issue N50 MILLION BG (BANK GUARANTY)VIA MT799.

3: SELLER issues a MARINE ATB and clearance to buyer’s team who board with their own tug boat for confirmation of cargo in Nigeria water, upon which buyer remits the sum of N50 Million Naira into seller’s account through NIBSS (Nigeria Inter Bank Settlement System).

4: And if Buyers want to board in COTONU or GHANA water Buyer place FULL BG (BANK GUARANTY) VIA MT799 FOR TATOL CARGO.

5: Upon successful Q&Q report, BUYER makes payment to SELLER and AGENT’s according to the SPA via NIBSS.

6: Seller releases all cargo documents to buyer’s bank.

7: Buyer's vessel moves to his POD.

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• Publisher: Gideon
• Company Name: petroleumcrude
• Country: Nigeria

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