TRANSACTION PROCEDURE ON AGO (TANK FARM DELIVERY LAGOS)

Price: 131 less 2Naira/Litre. 

1. Seller send SPA to buyer for endorsement.

2. Buyer returns signed SPA with the following:

A. NOR format and ATB details,

B. Tank farm throughput agreement and receipt of hire, or proof of tank farm ownership by buyer,

3. Seller confirms the details from buyer above and issues NOR/ETA.

4. Buyer confirms NOR and issues a bank payment guarantee (BPG) for the total agreed quantity of cargo.  

5. Upon confirmation of buyer's BPG Seller sails vessel/cargo to TANK FARM location.

6. Upon arrival of the vessel/cargo to the tank farm, buyer's supercargo/inspectors conduct Q&Q.

7. Upon successful Q&Q buyer pays seller in full for the total cargo through MT103 wire transfer and pays all intermediaries simultaneously. Discharge into buyer's tank farm facility commences.

8. Seller issue documents in buyer`s corporate name within 72hours after the successful payment of the total cargo.
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Nb: Above procedure MUST be preceeded by a duly signed LOI by actual BUYER. 
Contact me via 08091740129 or iiodiawa@gmail.com