NOMINATIONS, SHIPMENT & PROCEDURES TTO
(1) SELLER ISSUES SPA TO BUYER FOR EXECUTION AND BUYER SIGNED SPA
RETURNS WITH ATB FORMAT (INCLUDING PASSPORT COPY OF THE SUPERCARGO &
INSPECTOR’S COMPANY NAME AND DETAILS OF THE TUGBOAT/HELICOPTER IF ANY.
(2) AUTHORIZATION TO BOARD (ATB) ISSUE DIRECTLY TO THE BUYER, BUYER’S
CARGO SUPERINTENDENT AND BUYER’S INDEPENDENT QUALITY AND QUANTITY
(Q&Q).
INSPECTORS TO BOARD THE VESSEL FOR THE INDEPENDENT PHYSICAL AND
TECHNICAL ASSESSMENT OF THE CARGO.
(3) BUYER AFTER GETTING CONFIRMATION FROM THE SUPER CARGO MAN OF
CONFIRMATION OF PRODUCTS LEAVE BEHIND THE SUPERCARGO MAN ON BOARD THE
VESSEL, THEN ISSUES A CONDITIONAL MT103, {MT103/23}/BG COVERING THE
TOTAL CARGO (BOARDING OF SUPERCARGO & INSPECTORS EXPENSES TO BE
COVERED BY THE BUYER)
 (4) SELLER MOVE THE VESSEL TO 10 – 15 NAUTICAL MILE AT GHANA WATERS BUYER
DISCRETION FOR Q&Q AND
UPON SUCCESSFUL CONFIRMATION CONDUCTS OF Q&Q ON THE LOADED VESSEL
SUPERCARGO STILL LEFT BEHIND TILL THE TRANSACTION IS COMPLETED
(5) UPON CONFIRMATION OF PRODUCT/CARGO VIA THE Q& Q BY THE SUPERCARGO
& INSPECTOR, SELLER PROVIDES APPLICABLE CARGO / PAYMENT DOCUMENTS,
WHICH SHALL STATE THE QUANTITY, PRICE, AND TOTAL VALUE OF THE CARGO
FOR INSTRUMENT RELEASED BY BUYER AND INTRODUCE BUYER TO THE VESSEL
OWNER/HANDLER FOR RECHARERING OF THE VESSEL.
(6) 24 - 48 HOURS UPON BUYER’S VERIFICATION OF DOCUMENTS AND RECEIPT
OF THE PROFORMA INVOICE (PFI) FROM THE SELLER , AND RE-CHARTER OF THE
CHARTER PARTY AGREEMENT IN BUYER’S NAME, BUYER SIMULTANEOUSLY PAYS FOR
THE FULL VALUE OF THE MEASURED BARRELS IN THE LATEST Q&Q REPORT AND
ALL COMMISSION FEES VIA SWIFT MT103. TITLE RELEASED AND SHIP SAILS
(7) VESSEL SAILS TO BUYER'S PORT OF DISCHARGE.
OPOTION 2 PROCEDURES ON TTO
1.      BUYER SIGNS/SEALS THE SPA AND RETURNS TO SELLER WITH BUYER’S
ATB FORMAT (AUTHORITY TO BOARD) SUPER CARGO DETAILS ATTACHED. SGS
COMPANY NAME, ADRESS AND PHONE NUMBER. AND RECEIPT THAT THEY ARE FULLY
ENGAGED. BOTH PARTIES DEPOSIT THE SIGNED SPA WITH THEIR RESPECTIVE
BANKS.
2.        SELLER ISSUES AUTHORITY TO BOARD TO BUYER’S SUPER CARGO AND
COPIES OF THE LOADED VESSEL DOCUMENT HAND TO HAND INSPECTORS BEFORE
BOARDING THE VESSEL.
3.      BUYER VERIFIES THE AUTHORITY TO BOARD AND COPIES OF CLEARNCE
AND UPON SATISFACTION BUYER’S SUPER CARGO AND INSPECTORS BOARDS THE
SELLER’S LOADED VESSEL IN NIGERIAN/INT’L WATERS. BUYER’S SUPER CARGO
CONFIRMS PRODUCT AND REMAINS ON BOARD WHILE INSPECTORS TAKES SAMPLES
FOR Q & Q.
4.      BUYER’S BANK THEN SWIFTS A ONCE DIVISIBLE AND ONCE
TRANSFERABLE BG (BANK GUARANTY) OR A ONCE DIVISIBLE AND ONCE
TRANSFERABLE FULLY FUNDED DOCUMENTARY LETTER OF CREDIT TO COVER COST
OF CARGO AND ALL COMMISSIONS TO SELLER’S NOMINATED BANK ACCOUNT.
8.        SELLER CONFIRMS INSTRUMENT FROM HIS BANK, SELLER RELEASES TO
BUYER FULL PARTICULARS AND FULL DISCLOSURE OF THE VESSEL TO ASSIST
BUYER IN ARRANGEMENTS FOR THE COMPLETE CHARTER AND TAKEOVER OF THE
VESSEL.
9.         BUYER PUTS IN FREIGHT FOR THE LOADED VESSEL AND OBTAINS THE
CHARTER PARTY AGREEMENTS (CPA.)
10.     SELLER RELEASES THE ORIGINAL LOADING DOCUMENTS TO BUYER AND IN
BUYER’S NAME AS WELL AS THE COMMERCIAL INVOICE TO BUYER’S BANK TO
EFFECT PAYMENT.
11.     WITHIN 24 BANKING HOURS UPON TAKING OVER FULL CONTROL OF
CHARTER PARTY AGREEMENT (CPA), VESSEL AND CAPTAIN OF THE LOADED
VESSEL, BUYER’S BANK SHALL RELEASE PAYMENT BY SWIFT / KTT TO SELLERS’
BANK FOR THE FULL VALUES OF ENTIRE CARGO.
12.      BUYER’S VESSELS SAILS TO BUYER’S DESTINATION AFTER ALL
PAYMENT ARE CONFIRMED TO HAVE BEEN EFFECTED AS REQUIRED BY SELLER’S
BANK AND ALL INTERMEDIARIES.
OPTION 3 PROCEDURES ON TTO.
 1. Seller and Buyer sign, seal Sales/Purchase Agreement (SPA)
including Banking details.
2.  Buyer issues a One Time Transferable (Or Partially Transferable)
NON-OPERATIVE SBLC/RDLC/BG. (Per Buyer’s Bank and Seller’s Bank
mutually agreed upon instrument language)
5.  Seller programs vessel into Buyer’s Name AND PROVIDE BUYERS WITH
THE COPIES OF THE LOAEDE VESSEL DOCUMENT.
6.  Buyer sends ATB Format to Seller and Seller issues ATB to
Buyer/Buyer’s Inspectors to perform  Q & Q in Nigerian Waters (If
Buyer desires to inspect in Nigeria). OR ANY WHERE AT HIS DISCRETION
7. Buyer performs Q & Q re-inspection  Buyer Re-charters the Vessel,
and is issued the Inspection Report / Q & Q Certificate (SGS), Seller
issues
Kindly Mail if interested.

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