10K MT AGO TANK FARM DELIVERY LAGOS @ 154/2 WITH 1%PB-BUYER SIDE OPEN

10K MT AGO TANK FARM DELIVERY LAGOS @ 154/2 WITH 1%PB-BUYER SIDE OPEN

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PROCEDURE TANK FARM DELIVERY (10,000MT) : (1) Seller sends SPA, buyer signs and return with Throughput agreement, NOR FORMAT, tank farm detail, charter receipt, super cargo details, tank farm manager’s contact AND GIVES A BLOCK FUND OF 100 MILLION NAIRA IN SELLER'S ACCOUNT IN FAVOUR OF THE SELLER. (2) Upon confirmation of the particulars , ATB/NOR Format and The blocked fund, Seller's bank responds with a 1% PB on the 100 million Naira blocked funds and seller proceed and instruct his Vessel Captain to issue a verifiable, confirmable NOR/ETA to Buyer's Tank Farm. (3) Tank Farm Manager acknowledges the receipt of NOR (4) Seller's Vessel sails to Buyer's Tank Farm and long side for Q&Q Analysis. The N100,000, 000.00 blocked fund becomes cashable immediately and BG is placed on the total value of the product. (5) Upon the conduct of Q&Q, Product is transshipped into buyer’s tank farm and B.G crystallizes into cash, and payment made to seller and all agents (6) Rolls over to next shipment

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  • Address40 road 13, new road off shell location,mgbuoba ,P.H.
  • Phone08039301546
  • Emailmandatetk2@gmail.com

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