Sellers Published date: June 13, 2014

Qty: 1 to 2million barrels
Price: $12/8
TTO Nigerian waters

Procedure

1. SELLER AND BUYER SIGN SALES / PURCHASE AGREEMENT AND SEND COPY TO THEIR RESPECTIVE BANKS. THE ELECTRONIC COPY IS LEGALLY BINDING AND ENFORCEABLE. 

2. BUYER RETURNS THE SPA WITH THEIR ATB FORMAT SHOWING SUPER CARGO, INSPECTOR, AND TUGBOAT DETAILS AND SCANNED COPIES OF IDs. 

3. SELLER ISSUES CORPORATE RE-ASSIGNED ATB AND CLEARANCE TO BUYER'S SUPERCARGO AND INSPECTOR TO BOARD IN NIGERIAN WATERS FOR Q&Q ANALYSIS. 

4. BUYER’S SUPERCARGO AND INSPECTOR BOARDS LOADED VESSEL AT BUYER’S EXPENSE IN NIGERIAN WATERS. INSPECTOR COLLECTS SAMPLES AND COME DOWN WHILE SUPERCARGO REMAINS ONBOARD.


5. AFTER A SUCCESSFUL Q&Q,BUYER PLACE MT 103 ON THE ENTIRE CARGO,THE BUYER IS THEN ALLOWED TO RE-CHARTER THE VESSEL

6. ALL RELEVANT CARGO & SHIPPING DOCUMENTS ARE GIVEN TO BUYER IN BUYER’S NAME 

7. PAYMENT IS MADE TO THE SELLER AND ALL COMMISSIONED AGENTS VIA KTT SWIFT WIRE TRANSFER. 

8. VESSEL IS ALLOWED TO SAIL TO BUYER’S PORT OF DISCHARGE. 

9. NEXT CARGO.

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• Publisher: yemiolad
• Company Name: Philad Global Resources
• Country: Nigeria

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