Description

 
TTO Procedure with gross discount of $*2/$8net to buyer and $4 for commission
 
1. Buyer and seller sign and seal contract SPA and including coordinates, the electronic signed copy by both parties shall been considered legally binding and enforceable and must not be changed and deposited to their respective bank.
 
 
 
2. Buyers bank issue through swift MT**9 BLOCKED FUND to seller nominated bank & Seller confirms MT**9 from his bank and nominate vessel, load in buyer’s name.
 
 
3. Seller nominate vessel in buyer’s name ,programme it and load up and clear vessel to Cotonou water and vessel captain issues marine ATB to buyer‘s nominated inspection team and buyer’s inspection team boards vessel for calibration and reports release to buyer and seller.
 
4. Seller introduces Buyer to vessel owner, but if NNPC vessel, buyer shall place a one way voyage charter on the vessel through marine transport department.
 
 
5. Upon completion charter , buyer place MT**3 directly into seller account and  seller confirm and release copies of documents to buyer and buyer’s bank effect payment via KTT into seller account and other and seller confirm payment and seller release hard copies of documents and vessel sail to buyer’s port of destination.