Stats: 3,228,313 members, 8,073,411 topics. Date: Saturday, 08 February 2025 at 08:36 AM |
Nairaland Forum / Nairaland / General / We Have A Seller For AGO Tank Farm Delivery, TTO And TTT. These Are Our Procedur (608 Views)
Customs Area 1 Command Ph, Sensitizes Stakeholders On Customs Clearance Procedur / Know The Reasons That Confirm Laser Teeth Whitening Is A Cost-effective Procedur / Meet Nairalander Who Escaped Death few Hours Ago (2) (3) (4)
(1) (Reply)
We Have A Seller For AGO Tank Farm Delivery, TTO And TTT. These Are Our Procedur by nwosunnanenye(m): 6:01pm On Feb 16, 2018 |
ARTICLE 2 : PROCEDURE TANK FARM DELIVERY (10,000MT) : (1) Seller sends SPA, buyer signs and return with Throughput agreement, NOR FORMAT, tank farm detail, charter receipt, super cargo details, tank farm manager’s contact AND BLOCKS 50 MILLION IN SELLER'S ACCOUNT IN FAVOUR OF THE SELLER. (2) Upon confirmation of the particulars , ATB/NOR Format and the blocked fund of N50,000,000, Seller's bank responds with a 2% PB on the N50 million blocked funds and seller proceed and instruct his Vessel Captain to issue a verifiable, confirmable NOR/ETA to Buyer's Tank Farm. (3) Tank Farm Manager acknowledges the receipt of NOR (4) Seller's Vessel sails to Buyer's Tank Farm and long side for Q&Q Analysis. The N50,000,000.00 blocked fund becomes cashable immediately and BG is placed on the total value of the product. (5) Upon the conduct of Q&Q, Product is transshipped into buyer’s tank farm and B.G crystallizes into cash, and payment made to seller and all agents (6) End of transaction Or ARTICLE 2 : PROCEDURE TANK FARM DELIVERY (10,000MT) : (1) Seller sends SPA, buyer signs and return with Throughput agreement, NOR FORMAT, tank farm detail, charter receipt, super cargo details, tank farm manager’s contact AND A BANK DRAFT OF FIVE MILLION NAIRA AND GIVE(ORIGINAL COPY), TO SELLER’S BANK [cashable once NOR is issued and product confirmed written at the back] (2) Upon confirmation of the particulars , ATB/NOR Format and the bank draft, Seller proceed and instruct his Vessel Captain to issue a verifiable, confirmable NOR/ETA to Buyer's Tank Farm. (3) Tank Farm Manager acknowledges the receipt of NOR (4) Seller's Vessel sails to Buyer's Tank Farm and long side for Q&Q Analysis. The N5,000,000.00 bank draft becomes cashable immediately and BG is placed on the total value of the product. (5) Upon the conduct of Q&Q, Product is transshipped into buyer’s tank and B.G crystallizes into cash, and payment made to seller and all agents (6) End of transaction Then for TTT PROCEDURE TTT (10,000MT) : 1.SELLER GIVES SPA AND BUYER SIGNS AND RETURNS WITH VALID VESSEL PARTICULARS, CHARTER PARTY AGREEMENT(CPA), Q88, CHARTER RECEIPT, ATL, ATB/NOR FORMAT AND A BANK DRAFT/OF TEN MILLION NAIRA AND GIVE(ORIGINAL COPY), TO SELLER BANK. [cashable Only after confirmation of product]. 2. UPON CONFIRMATION, OF THE VESSEL PARTICULARS ,ATB/NOR FORMAT & THE BANK Draft. SELLER ISSUES MARINE NOR/ETA TO BUYER’S VESSEL FOR LONGSIDE. ...AND COPY BUYER. 3. BUYER’S VESSEL SENDS ACKNOWLEDGMENT OF THE NOR. 4. UPON RECEIVING OF THE ACKNOWLEDGEMENT OF THE NOR, BUYERS...VESSEL IMMEDIATELY COME FOR LONGSIDE & AND CONFIRMATION OF THE PRODUCT. 5. THE (N10,000,000.)FIVE MILLION NAIRA BECOMES CASHABLE UPON BUYERS VESSEL LONGSIDE. 6. AFTER CONFIRMATION OF THE PRODUCT, BUYER PLACES BANK GUARANTEE ON THE ENTIRE PRODUCT VALUE. 7. IMMEDIATELY AFTER TRANSSHIPMENT INTO BUYERS RECEIVING VESSEL, Q&Q IS CONDUCTED. 8. FINAL PAYMENT IS MADE UPON Q AND Q REPORT THROUGH KTT SWIFT WIRE TRANSFER TO SELLER’S ACCOUNT, AND COMMISSION TO ALL AGENTS/FACILITATORS ACCOUNT MINUS ALL ADVANCE PAYMENT. SELLER GIVES ALL DOCUMENTS TO BUYER IN BUYERS NAME. 9. CONTRACT IS SUCCESSFULLY COMPLETED. 10. IF FOR ANY REASON THE BUYERS VESSEL FAILS TO COME FOR LONGSIDING & TRANSHIPMENT WITH THE SELLERS VESSEL WITHIN FORTY EIGHT HOURS(48 HOURS) OF RECEIVING THE MARINE NOR FROM THE SELLERS VESSEL, THE TEN MILLION NAIRA (10,000,000.00) DRAFT/CASH BECOMES CASHABLE FOR SELLERS EXPENSES |
Re: We Have A Seller For AGO Tank Farm Delivery, TTO And TTT. These Are Our Procedur by nwosunnanenye(m): 6:03pm On Feb 16, 2018 |
Please you can call the number for any more assistance or information 08149978070.thank you |
(1) (Reply)
How To Apply For LNG Undergraduate Scholarship 2018 / Victoria's Secret / If Your Life Was A Book, What Would The Title Be?
(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 - 2025 Oluwaseun Osewa. All rights reserved. See How To Advertise. 11 |