Sellers Published date: October 30, 2014

PROCEDURE FOR TANKER TAKE OVER (TTO)
PRODUCT FOR SALE: BONNY LIGHT CRUDE OIL
DISCOUNT: $12 LESS $4. $2.00, EACH TO SELLER AND
BUYER AGENTS.
1. Buyer and seller sign SPA.
2. Buyer return SPA with ATB format.
3. Buyer open MT760 in favour of seller.
4. Seller bank issue 2% PB in favour of the buyer.
5. Seller load vessel and issue ATB to buyer.
6. Seller board super cargo for confirmation.
7. Buyer inspector conduct QNQ analysis.
8. Seller introduce buyer to handler to recharter.
9. Seller transfer title to buyer’s bank.
10. Buyer pay for total cargo.
11. Buyer captain sailed to buyer port of discharge.

PROCEDURE FOR TANKER TRANSHIP INTO TANKER (TTT)
PRODUCT FOR SALE: BONNY LIGHT CRUDE OIL
DISCOUNT: $12 LESS $4. $2.00, EACH TO SELLER AND BUYER AGENTS.
1. Buyer and seller sign contract and deposit same to their respective banks.
2. Buyer return contract with valid vessel details, these include, Charter Party Agreement (C.P.A), Charter Receipt (C.R), Authority to Load (ATL) and Notice of Readiness (NOR) Format.
3. Seller issue proof of product (POP) to the buyer for verification.
4. Buyer opens standby letter of credit, MT760 in favor of the seller.
5. Seller programmed and load vessel and issue NOR to the buyer captain.
6. Buyer captain return ETA to the seller’s port.
7. Buyer’s captain long side with the seller’s captain for transshipment.
8. After transshipment, buyer inspector conduct Quality and Quantity Analysis (Q and Q)
9. After Q and Q Result has been ascertain, seller transfer title to the buyers bank for payment.
10. Buyer confirmed from his captain the position of the cargo, and make payment by MT103 direct transfer to the seller and to all Agents and Facilitators.
11. Seller provide security to see the buyer’s captain to a save zone. Buyer’s captain sailed to the buyer’s port of discharged
12. Contract closed to be renewed by further understanding.

• 
  
  
• Publisher: Nkemjika Godwin
• Company Name: GOMEC RESOURCES
• Country: USA

Contact this Company

You need to login/register to contact this company

               

Important information

• Avoid scams and never pay with Western Union, Moneygram or any other payment services
• We are not responsible for any decisions you make to contact any company. We are not associated with any company listed here.