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BLCO TTT (2)
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Product Description |
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Place of Origin: Nigeria
Quantity: 2MBBL
Packaging: TTT
Price: 6/4
Classification: Chemicals - Petroleum Products: Crude Oil
Product Descpription:
1. Discount
The discount of each barrel ex-ship outturn shall be
USD $6.00 Dollar Gross
USD $4.00 Dollar Net to the Buyer.
USD $0. 70 Buyer’s Side Paymaster
USD $0.70 Seller’s Side Paymaster
USD $0.60 Seller/Buyer’s Facilitator Paymaster
PROCEDURES:
2. Seller and Buyer signs SPA with Banking Details of both parties.
3. Buyer provides Vessel Particulars (VP) along with the First and Last
page of her Vessel Charter Party Agreement (CPA) including Authority
to load (ATL)
4. Seller upon receipt of Buyer’s documents i.e. CPA, VP and ATL invites
Buyer and her SGS Nominated Officials aboard the loaded vessel to
conduct Q & Q.
5. Buyer through her bank issues an Irrevocable Divisible and
Transferable Letter of Credits (L/C) in favour of the Seller by Swift.
6. Upon confirmation of L/C by Seller’s Bank, and Q& Q, Payment is made
on out-turn Barrel (s) by Swift within 72hrs.
7. Seller makes all cargo documents available in Buyer’s name
8. After transshipment of the product, Buyer pay for all commissions in the
as agreed in the Management Fee Protection Agreement (MFPA).
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