Product Description
CIF TRANSACTION PROCEDURE TO ANY PORT. EUROPE,
AMERICA, CHINA AND AFRICA
C I F TRANSACTION PROCEDURE VIA SBLC MT **0
1. Seller issues Commercial Contract to Buyer
with Authorization letter from NNPC that the fiduciary
bank account is approved by NNPC to receive SBLC MT **0 and payment
MT **3. Buyer signs & returns Contract.
2. Buyer sign, seal contract and return with
completed CIS Form and details of the discharge port for the
issuance of Notice of Readiness (NOR) and marine Authority to Board
(ATB) details, as contract is deposited with banks
3. Within 3 banking days Buyers Bank to issue via
SWIFT MT**9 confirming to issue a conditional SBLC MT **0 with
Sellers approved verbiage to Sellers Fiduciary Bank.
4. Sellers Fiduciary Bank confirms by SWIFT MT**9
that they are ready to receive the SBLC MT **0 and post a 2%
performance bond after receipt of the SBLC MT **0.
5. Buyer within 5 banking days has Buyers Bank to
issue conditional SBLC MT **0, to Sellers Bank, in accordance with
the attached verbiage.
6. Sellers Bank confirms instrument within *2
hours and upon confirmation, seller shall nominate a vessel.
7. Seller nominated vessel issue a Marine NOR/ETA
and their INTERTANKO Q*8 via e-mail to the Buyer for confirmation
within *-days.
8. After confirmation of the NOR by the Buyer, the
Seller shall release the following partial documents in Buyers name
to Buyer before vessel arrives the discharge port, : Customs
Outward Clearance, Tank Ullage Report, Bill of Lading, Masters
Receipt, Cargo Manifest, Certificates of Quality & Quantity,
N.N.P.C Certificate of Authenticity/Warranty of Title, Marine ATB.
All outstanding documents shall be issued after Q & Q analysis
at the discharge port.
9. Vessel sails to Buyer Port of Discharge (POD),
upon arrival announces to Harbor Master on behalf of Buyer.
Buyer's nominated shipping agent/company obtains all necessary
clearance documents from the port authority to the captain of the
vessel for anchorage.
*0.
Captain onboard drops anchorage on the agreed (NAUTICAL
MILES) and issue marine ATB from captain's desk stating her exact
Longitude/Latitude with VHF channel and opens communication for
Buyers SGS/Supercargo boarding. Within *2 hours of the receipt of
marine ATB, Buyers Inspectors/Supercargo shall board and take
samples and inspection report for generation of Commercial Invoice
(CI) which is issued to both Buyer and Seller.
*1. Within *2 hours of presentation of Seller's
Commercial Invoice Buyer Shall Swift MT**3/*3 covering the cargo
value to the Sellers nominated Fiduciary bank in favor of the
Seller as per the approved verbiage and send a courtesy copy of the
MT**3/*3 to the Seller by e-mail for confirmation.
*2. Seller will re-assign the Vessel/Cargo documents issued to
the order of the Buyer as CONSIGNEE and hard copy
delivered to Buyers Bank.
*3. Buyer to make full Payment via MT**3 or Swift Wire
Transfer TT for total cargo to Sellers nominated bank account
within *2 hours of receiving final shipping and cargo documents.
And Buyer shall simultaneously pay all commissions to Agents and
Facilitators.
| Country: |
Russia |
| Model No: |
-
|
| FOB Price: |
(Negotiable)
Get Latest Price
|
| Place of Origin: |
BONNY ISLAND |
| Price for Minimum Order: |
- |
| Minimum Order Quantity: |
1000000 Barrel |
| Packaging Detail: |
- |
| Delivery Time: |
CIF, FOB, TTT & TTO |
| Supplying Ability: |
- |
| Payment Type: |
- |
| Product Group : |
- |
