From: Herve MEHOU-LOKO
Phone: +229-90- 039935
e-mail: sismeo@yahoo.com
Address: Lot 27 Djreregbe Zongo,
BP 1957
Porto-Novo - BENIN
To your kind attention we offer:
BLCO TTT terms
Quantity: 2
000 000 barrels
Possibility of rolls
Quality: NNPC Standards
Price: 6USD Gross, 4USD Net to the buyer
Our Broker's fee: 0.20$ per barrels
Procedure
11.1 Seller and
Buyer sign Sales/Purchase Contract Agreement
with
both Parties banking details.
(i) Seller posts
US$200,000 Documentary Bond
(ii) Buyer’s bank
sends to the Seller’s Bank a Letter of Payment Undertaking by SWIFT.
[Text attached] as Proof of Fund.
(iii) Buyer
furnishes to the Seller CPA and Q88 of the Vessel
(iv) Seller contacts Buyer’s Vessel; confirm her
presence or ETA and readiness
to receive Product
on behalf of the Buyer.
11.2 Seller’s vessel
loads and sends Confirmable Notice of Readiness [NOR] to
Buyer’s vessel.
11.3
Seller’s loaded vessel proceeds and longside with the Buyer’s Vessel.
11.4 Quality and Quantity [Q] Inspection is
conducted on the Seller’s Vessel by the Buyer’s
nominated Independent Inspection Agents.
11.5 Upon confirmation of Q, Buyers Bank issues
Operative Irrevocable Confirmed and
Divisible
Letter of Credit in favour of the Seller.
11.6
Seller vessel discharges cargo into Buyer’s Vessel.
11.7 At the completion of the loading, expenses
of quantity and quality test conducted by Buyer’s nominated Independent
International Survey or Inspectors would be paid by the Buyer with test
certificates and all relevant shipping documents presented to the
buyer’s bank with copies to the Buyer.
11.8
Buyers bank makes payment of Cargo and Commission simultaneously by
SWIFT Wire Transfer [KTT] upon presentation of
all relevant shipping
documents.
