Description

REAL ***** BLCO SELLER WITH LOADED VESSELS AND POP DOCUMENTS READY TO BE RELEASED TO BUYERS PROCEDURE We only deal with buyers or their mandates. Any other group of people will not be attended to. ONLY BUYERS WHO ARE READY TO ABIDE WITH OUR TIME-TESTED STANDARD WORKABLE PROCEDURE BETWEEN BUYERS AND SELLERS WILL BE ATTENDED TO PLEASE NOTE THAT LOADING VESSEL(S) FOR IMMEDIATE EXPORT IS MORE IMPORTANT THAN BOTH SELLER AND BUYER ENGAGING THEMSELVES IN STERILE, UNNECESSARY, UNREALISTIC ARGUMENT THAT WILL NOT GET ANY OF THEM ANYWHERE. ONLY FINANCIALY CAPABLE SELLERS AND BUYERS WHO ARE BOTH CAPABLE OF PLACING THE MANDATORY 2% P.B BANKING INSTRUMENT AT EACH OTHER&#**9;S DISPOSAL WILL BE ATTENDEDTO, TO SHOW THE CAPACITY OF THE SELLER TO DELIVER THE CRUDE OIL AND THE CAPACITY OF THE BUYER TO PAY FOR THE CRUDE OIL WILL BE ENTERTAINED THIS IS OUR LITMUS TEST Buyer counter signs this offer to signify his acceptance and return to issuer/originator. 1. Buyer and seller sign the sales/purchase contract agreement with banking Coordinates. 2. Seller gives proof of product (POP) to Buyer for confirmation through tracking. 3. Buyer issues a Bank Letter of Undertaking for $3.*0 Million in favour of Seller (Bank to Bank). Verbiage to indicate that the LOU will be forfeited if the buyer fails to reciprocate the 2% SBLC Performance Bond with a full IDCL. 4. Seller issues a SBLC 2% Performance Bond. 5. Seller gives marine ATB to Buyer for his supercargo/Inspectors to go on board Vessel 6. Buyer places a 5 day pre-charter on the vessel to handlers and moves it to Togo Triangle / International Waters. 7. Buyer reciprocates with Irrevocable Documentary Letter of Credit for the full monthly transaction which will activate the PB; and nullify the LOU. 8. After the full report of the Q & Q is out, full shipping documents will be submitted to buyer&#**9;s bank. 9. Buyer pays for the total out-turn of barrels by SWIFTwire transfer; and simultaneously wire transfer all commissions to intermediaries&#**9; banks as stated in the MFPA. *0.Buyer takes over the vessel and sail.