SIMPLE BLCO TTO PROCEDURE FOR READY BUYERS | Sellers | BLCO.org 

SIMPLE BLCO TTO PROCEDURE FOR READY BUYERS



Sellers Published date: July 26, 2014 Modified date: January 2, 2015



Procedure: TTO Nigerian Bonny light Crude Oil.
2,000,000 BBLS PER MONTH.
The Discount to the buyer shall be Net ($7.00) per barrel below DTD Brent.

Please Seller and buyer sign contract, and lodge into bank ( This is bank to bank transaction as MATB with clearance will be given to buyer's bank after communication)

1) Buyer return signed SPA with fully completed ATB format, includes super cargo photo ID, and Inspector’s.
2) Seller issue MATB with clearance from vessel’s Captain for Buyer Super cargo and Inspector to Board vessel AT Buyer’s expense.
3)Super cargo confirm product in the pregnant vessel, and sample drawn by the inspectors for Q&Q in GHANA WATERS AFTER BUYERS BANK ISSUES MT 799 TO SELLERS BANK.
4) Buyer bank swift conditional instrument for cargo value, Once result of Q&Q sent to both seller and buyer, and Buyer place one way charter on the vessel , documents release to buyer, and Seller clear the vessel for outbound upon confirmation of the outbound clearance, buyer effect full payment by MT103 in favour of seller and all intermediaries as stated in contract, upon confirmation of payment title transfer, vessel sail to POD.
NEXT SUPPLY PROGRESSES for rolls and extension.

Please only serious and ready buyers should contact me:




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