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Author COMPLETE INFORMATION ON CRUDE OIL THAT IS AVALIABLE NOW  (Read 955 times)

Description: CRUDE OIL,AGO,LPFO AND FOCADO

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Offline itunuola

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COMPLETE INFORMATION ON CRUDE OIL THAT IS AVALIABLE NOW
« on: July 28, 2012, 07:07:09 PM »
1. ON CRUDE OIL YOUR BUYER MOST READY TO SEND ICPO AND STATE THAT IS READY TO SIGN THE SPA AND ADDRESS MT760 TO SELLER BANK.
 2. AFTER THAT I GIVE YOU 2MILLION BARRELS DOCUMENT THAT CAN BE VERIFIABLE FROM ALLOCATION DOCUMENT,WITHOUT THIS IN THE NAME OF GOD DON'T CALL ME,
3. AGO YOUR BUYER MOST AGREED WITH SELLER SUPER CARGO TO BOARD BUYER VESSEL THEN LONG SIDE FOR YOU Q AND Q ALSO FOR TRANSHIPMENT TAKE PLACE.NOTE NO ATB AND NO NOR.
4 TILL ON AGO IF YOU WANT NOR OR ATB YOUR BUYER MOST READY TO SIGN AND RETURN WITH POF FROM NIGERIA BANK THEM WE GIVE YOU NOR OR ATB
5. LPFO:- I DO ONLY DIRECT LOADING WE NEED A VERIFIABLE POF AND AFTER CONFIRMATION YOUR POF WE CALL YOUR VESSEL FOR LOADING
6. THE CONDITION APPLY TO OTHER PRODUCT LIKE D2,MAZUT AND SO ON


PROCEDURE
1.   Seller and Buyer sign Sales & Purchase Agreement with Seller's Full Banking Coordinates and Buyers (Refinery) full Banking Coordinate. The electronic signed copy by both Parties is considered legally binding and enforceable.
2.   Buyer returns signed contract addressing his MT760 to sellers bank with  ATB format and Supercargo details.
3.    Sellers Captain issue a marine ATB from vessel deck email and on his transponder for the refinery to confirm   
4.   Buyer. Confirm the marine ATB
5.   Buyer swift an Irrevocable divisible transferable letter of credit MT 760 to seller’s bank.
6.   Seller verifies the Buyer’s MT760 through his bank upon seller verification of the buyer’s instrument   
7.   Seller clears buyer’s supercargo and inspectors to board vessel in Nigeria waters.
8.   Supercargo confirms product and inspectors conduct Q&Q.
9.   Upon confirmation of Q&Q, BUYER makes proper re-charter of vessel and payment via swift for full cargo based on the outcome of the Q&Q report. Payment shall be made simultaneously to seller’s nominated account and all brokers/facilitators contained in the contract.
10.    Seller changes the whole shipping documents to Buyers name and handover the entire original documents to Buyer Bank.
11.   Vessel sails to buyer’s port of destination.



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