Sellers Published date: May 3, 2014 Modified date: January 2, 2015

Might you be or have a buyer you know (please, no daisy chain) for this seller? I am direct to the Seller, and I know its CEO quite well. This 12/8 TTO is a straightforward, structured and safe transaction. Buyers, Legal Signatories or Direct Intermediaries ONLY. Email or skype me with your profile (I'll send you mine when you email or skype me), ~​Billy Ethridge, b

May ​2, 2014: Updated TTO ​Procedure at 12/8 USD

1. Seller provides completed signed SPA. Buyer signs and returns to Seller with ATB format, Inspector details, Inspection paid invoice, supercargo details ​ ​/passport, and COPY of 10-​million naira ​bank ​manager’s check ​​endorsed on the bac ​k.​
​ ​
NOTE: the original bank manager's check is given to Seller by Buyer--see step #4--only after ​ ​confirmation of the product​ ​onboard the vessel by ​Buyer​​'​s inspector​s​ and supercargo. ​​ ​

2. Seller issues ATB and Clearance to the Buyer’s team and board s​ them in Nigeria water.

3. Buyer’s inspector and supercargo board the vessel in Nigerian waters and communicates with the Buyer.

4. Buyer ​'​s inspector​s​ and supercargo confirms cargo ​ ​ and remain onboard. ​While they remain onboard, ​the ​buyer gives the ORIGINAL bank ​ ​manager's ​ ​check to Seller, ​Buyer 's​ bank Swifts MT760/SBLC​,​ and ​the ​vessel sails to Cotonou or Ghana water and conducts Q&Q.

5. Seller provides buyer with relevant loaded cargo documents for Buyer’s acceptance:
1) Clean Ocean Bill of Lading, One (1) Original and three (3) copies
2) Seller’s Commercial Invoice, One (1) Original and three (3) copies
3) SGS/Saybolt Certificate of Quality and Quantity, One (1) original and three (3) copies.
4) Certificate of Origin issued by NNPC, One (1) Original and three (3) copies
5) Certificate of Authenticity issued by NNPC, One (1) original and three (3) copies
6) Master’s receipt for Samples
7) Master’s receipt for Documents
8) Cargo Manifest
9) Any other documents pertaining or related to the current transaction, duly signed by the authorized person(s) and as required by and specified in the irrevocable Letter of Credit.

6. Upon Q&Q report, Seller re-assigns/re-issues all shipping documents in the name of Buyer and introduces Buyer to complete charter on vessel.

7. Buyer makes payment in accordance with the IMFPA.

8. Upon confirmation of all payment vessel sails to Buyer's POD.
--

• 
  
  
• Publisher: Billy Ethridge
• Company Name: WNE4
• 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.