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| AGO TANK FARM DELIVERY TO: LAGOS, CALABAR, PH, WARRI AVAILABLE AT: N640-2
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2023-04-06 |
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AGO TANK FARM DELIVERY TO: LAGOS, CALABAR, PH, WARRI AVAILABLE AT A VERY GOOD PRICE: N640-2
- *No upfront cash payment until after boarding, attestation and QnQ results at buyer's tank farm*
- *We can close this AGO tank farm delivery within a week, after banking process*
- *Seller will carry out the inward & outward clearance*
- *Requirement: N200m bank draft*
*FULL TRANSACTION PROCEDURE:*
1.SELLER ISSUES SPA AND INVOICE BY ELECTRONIC MEANS, BUYER SIGNS AND RETURNS WITH THROUGHPUT AGREEMENT AND MATB/NOR FORMAT,TANKFARM DOCUMENTS AND HIRING RECEIPT.
2. BUYER'S BANK ISSUE CASH BACKED #200MILLION DRAFT TO SELLER BANK WITH COVERING NOTES AND COPY SELLER EMAIL FOR CONFIRMATION. THE ORIGINAL COPY OF THE DRAFT IS KEPT IN BUYER'S BANK.
3. UPON CONFIRMATION OF DRAFT,SELLER ISSUES NOR/ETA WITHIN 5 -7 WORKING DAYS TO BUYER'S TANKFARM FACILITY.BUYER'S TANKFARM MANAGER ACKNOWLEDGES THE NOR WITHIN 24HOURS.SELLER CARRYOUT INWARD&OUTWARD CLEARANCE AND ORDERS LOADED VESSEL CAPTAIN TO MOVE CARGO TO BUYER'S DESIGNATED TANKFARM.
4. UPON ARRIVAL OF VESSEL AT THE DESIGNATED TANKFARM,THE CAPTAIN TENDERS NOTICE OF ARRIVAL (NOA) AND ISSUE MATB TO BUYERS INSPECTION TEAM TO BOARD FOR CALIBRATION AND SAMPLING OF PRODUCT FOR LAB ANALYSES ANDUPON PRESENTATION OF SUCCESSFUL Q&Q REPORT,BUYER PAYS 50% OF TOTAL CARGO BEFORE DISCHARGE.SELLER CONFIRMS PAYMENT AND INSTRUCT CAPTAIN TO DISCHARGE IMMEDIATELY.AFTER DISCHARGE,SELLER PRESENT CERTIFICATE OF DISCHARGE AND ORIGINAL CARGO DOCUMENTS AND PAYMENT ADVICE TO BUYER/HIS BANK.
5.BUYER PAYS FOR THE BALANCE 50%OF TOTAL CARGO WITHIN 48 BANKING HOURS AND PAY ALL AGENT AND FACILITATORS.UPON CONFIRMATION OF PAYMENT,TRANSACTION CLOSES AND PARTIES CAN ON MUTUAL AGREEMENT REENGAGE FOR SUBSEQUENT DELIVERIES.
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