Description

1.) Buyer and Seller sign and seal the SPA and exchanged the signed copies by electronic mail and send the signed copies to their respective banks. The electronic signed copy by both parties is considered legally binding and enforceable. 

2.) Buyer also returns signed SPA. with his Full Marine ATB format/details including Supercargo passport photo page,Inspector details and a bank draft of *0m(the bank draft won't b cleared till after d Q&Q has been done. It will b written behind d bank draft).

3.) NNPC nominates a vessel to load the cargo and captain issues an ATB inviting the s/cargo and inspector on board.

4.)Q&Q must be done in Nigerian waters

5.).Seller releases all the relevant Title documents of the cargo in Buyer's name to the Buyer 

6.) Buyer pays for cargo and all beneficiaries in the SPA and all beneficiaries confirm payment. 

7.).Vessel sails to the Buyer’s destination/Port of Discharge