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Buy For Crude Oil

  • Morocco Morocco  
  • Last Updated:
    Posted on: 23 Apr 2022

  • Time Left: 3M 25D

RFQ Details

BLCO TTO GHANA PROCEDURE FOR FULL CARGO SBLC MT760 - WITH UPFRONT NON OPERATIVE 2%PB AT $14-4. YOU'RE ON SELLER'S SIDE AT 30CENT* *||PRICE DISCOUNT:* $14/10|| Commission: $4.00 Commission Split: $2.00 each to buyer's side and seller's side buyer's side is 100 percent opened to your buyer *KEY POINTS:* Buyer issues RWA, seller issues non operative two percent PB. Buyer issues SBLC MT760. Seller gives 2% cash PB and delivers product NOTE: This upfront non operative two percent performance bond offer (before placing instrument), also works for block fund MT799* THE FULL BLCO TTO PROCEDURE (1) Seller issues Sales Purchase Agreement. (S.P.A) Buyer and seller sign and lodge in their Banks. The electronic signed copy of SPA by both parties is considered legally binding and enforceable. (2) Buyer returns signed SPA with NOR/ATB format with NNPC approved supercargo/Inspectors passport copy, International Passport, CIS, Company Certificate, Seller also issues his international passport and company's registration certificate. (3.) Within 72hours Buyer?s prime Bank issues RWA via MT799 stating readiness to issue SBLC MT760 to seller's bank upon receipt of seller non operative 2% pb. (4). Seller's nominated bank respond and issue NON-OPERATIVE 2% performance bond to buyer's bank. (5). Within 48 hours Buyer's bank shall issue a genuine and acceptable SBLC via MT760 for full cargo valid for one year according to Seller?s bank approved verbiage, Seller confirms SBLC and pays 2% as bond to buyer (6), Seller loads cargo and MNOR ETA issued. Seller?s captain issue MATB and makes announcement while Buyer Boards his Supercargo and inspector. (7). Inspector collects samples and disembarks, while Supercargo remains on board and Captain issues an Attestation counter signed by the super cargo and the captain. (8) Within 24 hours of Attestation while Inspectors issue report to both parties and upon successful QnQ, documents are given (9) Seller issues commercial invoice and full cargo documents in Buyer?s name and Buyer?s Bank. Buyer makes full payment by Swift Wire Transfer MT 103 to seller nominated account (10) Seller introduces Buyer to vessel handler?s for re-charter of vessel and sails to buyer?s port of discharge at Buyers expense while the Seller pays all agents as per contract.- (11) Seller makes subsequent monthly shipments. Kindly LOI for the SPA if buyer is okay and has accepted the procedure Much Regards