Check out the following Procedure, if you have an RWA Buyer:

PROCEDURES (C.I.F)

OPTION A:

1. Seller issues Sales Purchase Agreement. (S.P.A), Buyer sign's and return with port of   discharge and NOR detail.

2. Buyers bank issues a pre-advise to seller’s bank indicating that it is ready, willing and able (RWA) to issue an MT760 Standby Letter of Credit (SBLC) to be activated upon placement of a 2% PB by seller.

3. Seller’s fiduciary bank confirms pre-advise (RWA) and issue a 2% Performance Bond to be activated by buyer’s SBLC.

4. Buyer’s bank issues in favor of seller an MT760 Standby Letter of Credit (SBLC) as per attached verbiage in worth the total cost of the cargo.

5. Seller nominate, Laycan (Programming), Loads and commences movement of vessel to buyers discharge Port and avails buyer full set of loading documents.

6. Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to buyers discharge Harbor/Tank.

7. Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location.

8. Upon successful conclusion of Q&Q analysis, buyer issues SWIFT MT-103 to sellers Bank for confirmation.

9. AFTER Confirmation of SWIFT MT-103 THEN All Original Cargo Documents shall be transferred to Buyer's name.

10. Transhipment to buyer's Storage Tank commences.

11. Payment for product and commissions is released to seller's nominated bank; 72 hours after transhipment of product by MT-103 (swift transfer) at out turn barrels upon presentation of the transaction documents at buyer’s bank.

OPTION B:

WORKING PROCEDURES C.I.F

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. Buyer shall receive the complete set of POP / Loading Port Certificates, (ATS, BILL OF LADING, CARGO MANIFEST) to the Buyer/Refinery for their independent verification.

3. Within 48 banking hours of receipt and positive verification of the POP from the Seller the Buyer through his bank will issue in favour of the Seller Fiduciary Agent a POF via swift MT799 (cash backed) for the total value of the cargo; either instrument will only be valid for Ninety (90) days, as per ANNEX “A” of the contract (MT799 Verbiage without any changes or edition),

4. Buyer provides seller with the Port of Discharge (POD) details for SGS / inspection agents and Marine NOR+ETA issuance, including emails and phone numbers of the POD harbor master .

5. Upon Seller’s confirmation of Buyer’s POF via swift MT799, within 48hrs, the vessel master shall issue Marine NOR+ETA to buyer’s Discharge Port / harbor master
Vessel Master issues a confirmable Marine NOR+ETA and within 48hrs and turns on the tracking and communication device as set sailing to with the buyer’s POD.

6. Upon arrival at POD, marine ATB shall be issued to buyer’s SGS/independent Inspection agents to boards the loaded vessel for Quality and Quantity (Q&Q) inspection at Buyer’s expense.

7. Upon successful Q&Q verification and conclusive positive results, the Buyer’s bank issues a payment instrument: An Operative Unconditional, Transferable, Divisible Revolving SBLC/Bank Guarantee (BG) via Swift MT760 or DLC via Swift MT103 to HI-FA CONTRACTORS LTD’s bank, for the total value cargo to the Seller’s bank and commission accordingly to Intermediaries banks.
Seller releases or all shipping documents to buyer’s bank for payment.

8. Buyer instructs his bank to wire payment through KTT/Swift Wire Transfer directly into the Seller’s nominated bank accounts for entire cargo and to all facilitators & Intermediaries bank accounts within 48 banking hours, per outturn barrel.
Contract shall be revolving x12 month delivery

OPTION C

a. Seller and Buyer sign, seal, notarize and execute contract electronically and hard copies by courier and lodge with their respective Banks. And Buyer’s bank delivers a promissory note to the seller’s bank as in the template provided by the seller via an over night courier mail delivery or via an MT700 and seller issues a 2%PB in favor of the buyer

b. Within Fourteen (14) calendar days of (a) above, Vessel shall proceed to the Bonny Loading Terminal and load cargo. Inspectors (SGS) shall conduct quality and quantity assessment; and all relevant shipment documents shall be endorsed by the Vessel captain, with copies forwarded to Buyer including the vessel's CPA. Q88, Charter and invoice by email and originals/copies delivered to the Buyer via courier.

c. The documents specified above will be presented to the Buyer’s Bank in Buyer’s name immediately after loading.

d. Buyer’s Bank issues Bank Advise to Seller’s Bank and places an Instrument.

e. At the Port of Discharge Buyer conducts Q&Q inspection and provides Seller with the copies of Quality and Quantity Reports.

f. Seller discharges cargo.

g. Following product delivery to Buyer’s nominated port of discharge and against presentation of stated shipping documents at Buyer’s bank; payments will be made by swift wire transfer directly to the Seller’s bank accounts as stipulated in this contract as per the Bank Advise.

h. Deliveries continue in accordance with the delivery schedule.


If you will want to give either of our procedure a consideration, we are ready, willing and able to deliver whatever quntity of Blco you may have need of.

DISCOUNT: 9/5usd, negotiable

TTO/TTT options are available as well

TTO/TTT PROCEDURE: USD
11/7 OR 12/8 USD, cannot be negotiated further

WORKING PROCEDURES TTO [Non Negotiable]

Discount: 11/7 or 12/8 Usd - no further negotiation on this.

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. Seller provides buyer with ATS, BILL OF LOADING, and CARGO MANIFEST OF A LOADED CARGO.

3. Buyer’s bank issues POF via swift MT799 NON OPERATIVE it can be for total cargo, to seller's fiduciary agent's nominated bank detail, as per (Annex A – C) of the contract verbiages.

4. Sellers bank responds with 2%PB to activate the BG, if BG or MT 760 is issued by buyer, for MT 799, there will be no PB.

5. Buyer provides Seller with Authority to Board (ATB) details, which must include Phone Number, photocopy of the passport data pages of buyer’s Supercargo and Inspector along with Tugboat/Helicopter details and the invoice of inspection fee to any inspection agencies of their choice preferably SGS/Independent Inspection Agent.

6. Seller’s loaded vessel sails to the agreed Q&Q location in Nigeria or Cotonuo / Ghana waters and Vessel Master issues a confirmable Marine ATB invitation and within 48hrs, buyer’s SGS / inspectors shall go on board the loaded vessel for Q&Q analysis.

7. After Q&Q report confirmed by both parties, Buyer’s bank issues a payment instrument (Operative, Unconditional, Transferable, Divisible Documentary LC) via Swift MT103 to HI-FA CONTRACTORS LTD’s bank, for the total value of cargo to the Seller’s bank and commissions to all Intermediaries banks.

8. Seller confirms the receipt of swift MT103 seller shall introduce the Buyer to NNPC Local Vessel Handler for proper vessel re-charter processes.

9. Buyer instructs the paying bank to effect full payment for entire cargo through KTT/Swift Wire Transfer, directly to the Seller’s bank accounts and Facilitators / Intermediaries bank accounts within 24 banking hours.

10. The loaded vessel proceeds to sail to the Buyer’s discharge point.


NAIRA DEALS :

A. QnQ @ Ghana/Cotonou waters

WORKING PROCEDURES: GHANA/COTONOU DELIVERY
PRICE: N80 less 4

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.
Within 48 banking hours

2. Buyer through his bank will issue in favour of the Seller Fiduciary Agent a BG of a minimum of $1,000,000.00 OR NAIRA equivalent,(sum negotiable) payable on confirmation of cargo at cotonou/Ghana waters

3. Seller is intimated with the sum buyer pay to his bank as Commission to raise the BG, Seller then issue a corporate cheque to the tune of this sum in favour of buyer. This becomes cashable in the event the seller fails in his obligation to get the vessel to Buyer's POD/point of Transhipment.

4.. Buyer provides seller with the Port of Discharge/Transhipment details for SGS / inspection agents and Marine NOR+ETA issuance, including emails and phone numbers of the POD harbor master.

5.. Upon Seller’s confirmation of Buyer’s BG, within 48hrs, the vessel master shall issue Marine NOR+ETA to buyer’s Discharge Port / harbor master.

6. Vessel Master issues a confirmable Marine NOR+ETA and within 48hrs and turns on the tracking and communication device as set sailing to with the buyer’s POD/Transhipment.

7. Upon arrival at POD/Transhipment, marine ATB shall be issued to buyer’s SGS/independent Inspection agents to board the loaded vessel for Quality and Quantity (Q&Q) inspection at Buyer’s expense.

8. Upon confirmation of cargo at cotonou/Ghana waters, the deductible BG sum becomes payable.

9. Upon successful Q&Q verification and conclusive positive results, the Buyer’s bank issues a payment instrument: An Operative Unconditional, Transferable, Divisible Revolving SBLC/Bank Guarantee (BG) via Swift MT760 or DLC via Swift MT103 to HI-FA CONTRACTORS LTD’s bank, for the total value cargo to the Seller’s bank and commission accordingly to Intermediaries banks.

10. Seller releases all shipping documents to buyer’s bank for payment.

11. Buyer instructs his bank to wire payment through KTT/Swift Wire Transfer directly into the Seller’s nominated bank accounts for entire cargo and to all facilitators & Intermediaries bank accounts within 48 banking hours, per outturn barrel.
Contract shall be revolving x12 month delivery.

B. NAIRA - QnQ on Nigerian Waters

WORKING PROCEDURES: NIGERIAN WATERS

PRICE: N80 less 4

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. This is lodged in buyer and seller’s bank. The signed spa is sent back to the seller with supercargo and inspector details, including their phone nos and identitification – seaman passport/International Passport

2. Buyer through his bank will issue in favour of the Seller Fiduciary Agent a Mgr's Chq/BG of a minimum of N30m payable on confirmation of cargo on Nigerian waters
OR Buyer's bank pre - advise the seller through Seller's bank that on confirming product, the bank will swift a deductible sum of N30m, if 2m barrels.

4. Seller issues his corporate cheque in favour of the buyer to the tune of the sum buyer paid as commission to raise the BG, this becomes cashable if the seller fails to issue MATB and clearance for the boarding of the buyer's men.

5. Seller issues a confirmable MATB and naval clearance for the supercargo and inspector to go on board.

6. Seller takes the supercargo and inspector on board, confirm the product and the inspector takes the sample for QnQ. On confirmation the mgr’s cheque is cashed or bank swift the sum N30m to seller's bank.

7. Upon successful Q&Q verification and conclusive positive results, the Buyer’s bank issues a payment instrument: An Operative Unconditional, Transferable, Divisible Revolving SBLC/Bank Guarantee (BG) via Swift MT760 or DLC via Swift MT103 to HI-FA CONTRACTORS LTD’s bank, for the total value cargo to the Seller’s bank and commission accordingly to Intermediaries banks.

8. Seller releases all shipping documents to buyer’s bank for payment.

9. Buyer instructs his bank to wire payment through KTT/Swift Wire Transfer directly into the Seller’s nominated bank accounts for entire cargo and to all facilitators & Intermediaries bank accounts within 48 banking hours, per outturn barrel.
Contract shall be revolving x12 month delivery.

QED

Thanks

CONTACT: Daniel: +2348137071076/+2348033259595; adebayo6019@gmail.com