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Buying BLCO Urguent!!!!!

  • USA USA  
  • Quantity Required: 6000000
  • Last Updated:
    Posted on: 12 Feb 2024

  • Destination Port: Spain
Buyer Information

RFQ Details

1. Seller and Buyer Sign and Seal the Sales/Purchase Agreement and copies are sent to both Partys bankers. The electronic signed copy by both parties is considered legally binding and enforceable.
2. Seller provides POP for buyers independent verification.
3. Seller appoints SGS to perform Q&Q examination on the cargo and presents the SGS Report together with the CPA to Buyer.
4. After positive verification of the above documentation, buyers bank issues via SWIFT, a Non-Operative, Irrevocable, Unconditional, Transferable, Divisible and Confirmed Letter of Credit Or BG/MT-760 or MT-103 to sellers bank in favor of seller.
5. Sellers bank issues a 2% PB to buyers bank which automatically activates the Buyers LC and the Buyers LC becomes Operative.
6. After confirmation of LC or BG or MT103, under 24 hours seller issues (NOR)/Estimated time of arrival(ETA) to buyers harbor master and shipping agent at port of discharge. Ceuta , Spain.
7. Re-assignment of cargo is done in buyers name.
8. Vessel sails to buyers port of discharge.
9. Sellers bank lodges valid shipping documents.
10. Sellers loaded vessel arrives at the buyers discharge port and Buyer conducts Q&Q inspection at buyers expenses.
11. After satisfactory Q&Q inspection buyer gives permission for vessel to discharge.
12. Buyer pays by swift MT103 to sellers account and to accounts of intermediaries in respect of commissions within 72 hours after discharge and receipt of all relevant cargo documentation from the Captain.

13. The Buyer shall be responsible for all duties and taxes levied on cargo by the authorities of the country of discharge. Title shall pass from Seller to Buyer when the complete discharge of cargo is made to the Buyer.


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