Sellers Published date: November 27, 2014

TRANSACTION PROCEDURES CIF EU LAS-PALMA /ROTTERDAM:
 
1. BUYER AND SELLER SIGN AND SEAL SPA WITH FULL BANKING
INFORMATION. THE ELECTRONIC SIGNED COPY IS CONSIDERED LEGALLY
BINDING ON BOTH PARTIES.

 2: BUYER ISSUES CORPORATE BUT BANK ENDORSED OR NOTARIZED UNDERTAKEN OF ISSUANCE OF FULL SBLC OR MT799 AS PER THE VERBIAGE AND DURATION ENCLOSED IN THIS CONTRACT 72 HRS UPON RECEIPT OF FULL POP DOCS , ETA/NOR SELLER'S BANK TO BUYER'S BANK IN HIS FAVOR TO HIS PORT OF QQ AND DISCHARGE LAS-PALMA OR ROTTERDAM STATING FAILURE TO MEET UP WITH THE INSTRUMENT HIS BANK WILL PAY THE SUM OF $1M DOLLARS AS PENALTY CLAUSE  FOR BREACHING THE CONTRACT REIMBURSING SELLER FOR THE COST OF LOGISTICS OF LOADING AND ISSUANCE OF POP DOCS ETC IN HIS FAVOR.

 
3: SELLER WITHIN 5 BANKING DAYS,  REASSIGNS   FULL POP  DOCS OF RECENTLY LOADED CARGO IN FAVOR OF SELLER/BUYER FAVOR:  AS THE CONSIGNEES OF THE CARGO

3B. SELLER'S BANK SEND FULL POP DOCUMENT LOADED CARGO IN FAVOR OF SELLER/BUYER FAVOR: AS THE CONSIGNEES OF THE CARGO 
4:  BUYER WITHIN 72HRS, SWIFTS MT799 BLOCKED FUNDS OR SBLC TO SELLERS FIDUCIARY BANK VERBIAGES AND DURATION ENCLOSED
 
5. VSL ARRIVES ROTTERDAM OR LAS-PALMA AND SELLER ISSUES MATB IN BUYERS FORMAT, INSTRUCTS CAPTAIN TO OPEN COMMUNICATION WITH THE BUYER
AND HIS SGS / HARBORMASTER
 
6: BUYER SGS CONFIRMS POSITION OF VSL AND WITHIN 24HRS, ON BOARD FOR DIP TEST ANALYSIS. (SAMPLE TAKEN)
 
 
7. UPON SUCCESSFUL QQ , WITHIN 12 HRS, BUYER RELEASES $1M DOLLARS LOGISTICS TO SELLERS ACCOUNT AS PER THE CONTRACT TO ENABLE SELLER REASSIGNS FULL  POP DOCS INCLUDING TITLE (CERTIFICATE OF OWNERSHIP) IN BUYERS NAME ALONG  WITH THE FINAL COMMERCIAL INVOICE.
 
8. WITHIN 48-72HRS, BUYER PAYS SELLER AND ALL BROKERS AS PER THE MFA CONTRACT.
MINUS THE $IM DOLLARS LOGISTICS:
9:NEXT TRANSACTION COMMENCES IF THE BUYER WANTS REVOLVING TRANSACTION OR ONLY SPOT (HIS CHOICE)

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• Publisher: DUNNAMIS INTERNATIONAL ENT
• Company Name: DUNNAMIS INTERNATIONAL ENT
• Country: Nigeria

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