Sellers Published date: October 21, 2014 Modified date: October 21, 2014

PROCEDURE:CIF

1. Buyer and Seller sign Contract (This Agreement)
2. Buyer will issue POF MT799 to seller's bank on bank to bank, BY SWIFT in seller's acceptable Verbiage.

3. Seller Places Non-Operative 2%PB.
4. Buyer and its bank within 48-72hrs swift an irrevocable, divisible, Unconditional, Operative, Revolving, Transferable, confirmed Standby Letter of Credit via MT 760 covering the total cost of cargo (2MBBL) thereby making the 2%PB Operative.
5. Seller immediately nominates vessel, and programs Vessel with NNPC for loading in Buyer’s Name or Refinery Name after confirmation of buyer placing of Full Bank Instrument that covers cost of cargo, Seller also sends ETA to buyer POD.
6. Vessel sails to discharge port where Q&Q analysis is conducted by Buyer’s nominated Inspection Company. Inspection Company must be SGS, Saybolt or comparable inspection company.
7. Vessel discharges its cargo at Buyer’s designated port and within three (3) international banking days after Buyer has received the Discharge Report and all relevant documents Presented by the Seller, as shall be confirmed by the vessel Captain,

8. Buyer makes payment in United States Dollars by KTT Wire Transfer directly to Seller’s Nominated Bank Account AND ALL INTERMIDARIES.

adomi omoka

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• Publisher: adomi omoka
• Company Name: omoks trading enterprice
• Country: nigeria

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