Welcome, Guest: Register On Nairaland / LOGIN! / Trending / Recent / New
Stats: 3,151,154 members, 7,811,315 topics. Date: Sunday, 28 April 2024 at 09:01 AM

2mbbl Of BLCO To Ghana Water On TTO Is Available - Business - Nairaland

Nairaland Forum / Nairaland / General / Business / 2mbbl Of BLCO To Ghana Water On TTO Is Available (1097 Views)

Nigeria Cuts Gas Supply To Ghana Over Strike / Genuine Sellers Of Crude Oil On Tto Should See Buyers Precedure Below To Deal / What Does TTO/TTT Mean In Relation to Crude Oil? (2) (3) (4)

(1) (Reply)

2mbbl Of BLCO To Ghana Water On TTO Is Available by Nobody: 12:09pm On Oct 11, 2013
2MBBL OF BLCO TO GHANA WATERS ON TTO @N84-4

Procedure:
1)Seller & Buyer sign the Sales and Purchase Agreement (SPA) and lodged with their respective banks. The SPA will be exchanged by Electronics Data Transmission EDT and will be considered as legally binding and enforceable.

2)The Buyers bank sends a letter to the Sellers bank via secured Fax or Email to confirm the Buyers Readiness, Willingness and Ability (RWA) to purchase the cargo (By swift) and the RWA verbiage is at the end of the SPA/contract.

3)Upon sellers confirmation of Buyers RWA, the Sellers Vessel Master positions the loaded vessel at Ghana international waters. The vessel captain declares their presence to the Ghana Port Authorities and sends a copy to the Buyer for confirmation.

4)Buyer provides Seller with Buyers Authority to Board (ATB) Format, which must include a photocopy of the passport data pages of Buyers Supercargo and nominated Inspector along with Tugboat/Helicopter details, if any and receipt of inspection fee to any inspection agencies of their choice preferably SGS Geneva or their affiliates in Ghana.

5)Vessel master issues a confirmable Marine ATB and Buyers Inspectors board the loaded vessel for Q&Q inspection at Buyers expense. 

6)Upon successful Q&Q verification and conclusive positive results, the Buyers bank issues via Swift MT103 for the total value cargo to the Sellers bank and commission accordingly to Intermediaries banks.

7)Seller confirms Buyers Swift MT103 and introduces the Buyer to NNPC Local Vessel Handler for proper vessel re-charter processes.

coolSeller releases all transaction documents in Buyers name to Buyers bank for payment.

9)Buyer instructs his bank to wire payment through KTT/SWIFT Wire Transfer directly into the Sellers nominated bank account and Facilitators/Intermediaries bank accounts within 72 hours.

10)The loaded vessel is allowed to sail to the Buyers nominated Port of Discharge.

NOTE: The success of any oil deal is in the procedure. Always pay attention to that. The bank cost of writing an RWA and sending it by SWIFT is about $68. The bank will not write it if Buyer does not have 100% funds for the deal in his account. Based on the verified RWA, seller now moves loaded vessel to Ghana waters. When he arrives Ghana waters, he declares himself or his presence known to Ghana government. Its legal and works.

If you have a genuine Buyer that can work with the above Seller procedure, kindly confirm to me.

Regards,
Mr. Obinna
08032261712
obinna4k4@yahoo.com
Re: 2mbbl Of BLCO To Ghana Water On TTO Is Available by Nobody: 6:35pm On Oct 15, 2013
Serious Buyers get in touch to close deal.

(1) (Reply)

New African Movie Social Network Featured On Indian Startup Site(expatideas) / 10 Rules To Build A Wildly Successful Business / Alternative For OLX

(Go Up)

Sections: politics (1) business autos (1) jobs (1) career education (1) romance computers phones travel sports fashion health
religion celebs tv-movies music-radio literature webmasters programming techmarket

Links: (1) (2) (3) (4) (5) (6) (7) (8) (9) (10)

Nairaland - Copyright © 2005 - 2024 Oluwaseun Osewa. All rights reserved. See How To Advertise. 12
Disclaimer: Every Nairaland member is solely responsible for anything that he/she posts or uploads on Nairaland.