Product Description

We are brokers and Our sellers have for sale, BLCO, Transparent TTO Procedure, with Q&Q in Nigerian Waters,Ghana Waters or Cotonou Waters before Onward sail to buyer's Port. Please email us if you agree to the procedures.

Procedures 2m brls blco tto ghana/Cotonou waters q&q, price usd$*2/8:-
 
1.    Seller and buyer agreed on procedures, and seller releases to buyer draft SPA. Buyer signed and returned with ATB format and supercargo/inspector copies of international passports as IDs.
 
2.    Buyer through his bank request for 2% Performance Bond (pd) from sellers bank, to be activated by buyer SBLC/LC MT**0 within three banking days.
 
N/B:- IMMEDIATELY BUYER SIGNS AND RETURNS THE SPA, WE WILL FORWARD TO BUYER THE VERBIAGE OF RWA LETTER BUYERS BANK WILL SEND BY SWIFT TO SELLERS BANK REQUESTING FOR THE 2% PERFORMANCE BOND TO BE ACTIVATED BY BUYERS SBLC/LC (MT**0) WITHIN THREE (3) DAYS.
 
 
3.    Sellers bank issues the 2%PB to buyers bank, and buyers bank release the SBLC/LC  MT**0 to sellers bank.
 
4.    Sellers bank confirms the SBLC/LC MT**0 from buyers bank.
 
5.    Sellers nominated vessel for buyer, load cargo and vessel captain send attestation confirm the loaded vessel.
 
6.    Captain of loaded vessel issue ETA to buyer/Ghana/Cotonou waters.
 
7.    Captain releases departures message and moves/sail to Ghana/Cotonou waters.
 
8.    Vessel arrive Ghana/Cotonou waters, Captain announces arrival and issue ATB to buyer supercargo/inspectors to come on board for Q&Q test.
 
9.    After Q&Q test, inspection company releases report to both buyer and seller.
 
*0.  Seller introduces buyer to the vessel handlers and buyer re-charters the vessel.
 
*1.  Buyers bank makes payment by KTT wire Transfer to sellers bank account and all the agents/facilitators as per SPA.
 
*2.  Seller and all the agents/facilitators as per spa confirm payment in their respective bank accounts.
 
*3.  Seller releases cargo documents and loaded vessel sails to destination.
 
*4.  Next  transaction commences.


Procedures 2m brls blco tto Nigerian waters q&q, price usd$*2/8:-



1. The Seller and Buyer sign and seal the (SPA) contract incorporating their full banking details Including Their Brokers Banking Details. Parties shall deposit copy of the properly executed contract with their banks for record and information purposes.

2. Buyers bank issues IBPU or a Bank Payment Assurance Letter or Bank Financial Capability Letter or RWA to sellers bank and send a copy to seller/mandate with his ATB format and supercargo/inspector details/copies of international passport as id.

3. Sellers bank confirms IBPU or Bank Payment Assurance Letter or Bank Financial Capability Letter or RWA and issues Marine ATB and Clearance to the buyers nominated inspectors/supercargo.

4. Seller assist Buyer onboard the loaded cargo in Nigeria waters.

5. Upon confirmation of product, supercargo remains on board while inspector comes down with product sample to conduct QnQ in Nigeria waters.


6. After Q&Q test, inspection company releases report to both buyer and seller.

7. Buyers bank issues full cargo Standby Letter of Credit or Letter of Credit or Bank Guaranty (SBLC/LC/BG MT**0/MT**3.

8. Sellers bank confirms the SBLC/LC/BG MT**0/MT**3 from buyers bank.

9. Seller changes all the cargo documents to buyers name.

*0. Seller introduces buyer to the vessel handlers and buyer re-charters the vessel.

*1.  Buyers bank makes payment for the full cargo by KTT wire Transfer to sellers bank account and all the agents/facilitators as contained in the SPA.

*2. Seller and all the agents/facilitators as contained in the spa confirm payment in their respective bank accounts.

*3. Seller releases cargo documents and loaded vessel is allowed to sails to destination.

*4. Next  transaction commences.