ANY LEGITIMATE CRUDE OIL SELLER WHO WILL WORK WITH THIS PROCEDURE CAN CONTACT ME FOR BUSINESS,
1) Seller issues draft contract, signed and sealed to the buyer and send together with his Company profile.

2) Buyer sign, seal and return to Seller including Buyer’s Company Profile, with SPA lodged to Buyer's Bank. Seller lodges the same with his Bank. The electronically signed and sealed contract is legally binding and enforceable.

3) Buyer's Bank within 3 (Three) banking days after positive verification of POP Seller delivers the ICC recognized notary certified the Proof of Product documents (as per clause 16.1) confirming availability of the product and seller’s rights to sell the product (by courier service) to the Buyer’s address for onward transmission to the Buyer’s bank. The copies of such set Seller delivers by e-mail to the Buyer to speed up the verification process and the Seller’s company if not black listed within the inter-banking system, issues operative Non-transferable Documentary Letter of Credit (DLC) to Seller's Bank in favour of Seller.

a. Seller shall send to the Buyer’s bank (in bank to bank system) a non-operative Performance Bond covering 2% of the invoice value.


b. The Seller within 5 (five) banking days confirms acceptance of Buyer’s DLC nominates a vessel and notify the Buyer for acceptance.

c. Within 3 (three) banking days of the vessel’s acceptance by the Buyer, the Seller assigns all POP documents through bank to bank system to the Buyer’s name provides the electronic copies of the ASPATANKVOY Charter party agreement, available shipping documents (per clause 16.2) and information on the loaded Cargo vessel for the buyer’s independent check as to the form of issue.

d. Upon confirmation of shipping documents’ approval by the Buyer as issued in correct way by the Seller, the loaded ship sets off sailing to Buyer's Destination.

e. Upon Vessel arrival at Destination, the Buyer’s designated inspectors for Q & Q and product verification shall inspect the Cargo before the Cargo shall be discharged.

f. Upon Verification and confirmation of the product after full discharge, the Buyer’s bank shall settle payment with the Seller by Swift against the shipping documentation as per contract.
Contact: cjbamadi@yahoo.com Skype: jahcombiz1