This deal has "NO FREE BOARDING"

TRANSACTION PROCEDURE FOR TTO NIGERIA/GHANA

1) SELLER ISSUES SPA. BUYER SIGNS & RETURNS WITH (
A) ATB/NOR FORMAT, WHICH SHALL INCLUDE THE NOMINATED INSPECTION COMPANY, SHIPPING AGENT AND CONTACTS AND.
(B) PHOTOCOPY OF ACCREDITED SUPER CARGO PASSPORT.

2) BUYER ISSUES A CONFIRMABLE BLOCK FUND OF N100, 000,000.00 [ONE HUNDRED MILLION NAIRA ONLY] IN FAVOUR OF SELLER.FIDUCIARY ACCOUNT. TO BE NOMINATEDBY SELLER, CASHABLE UPON RECEIPT OF SATISFACTORY ATTESTATION REPORT AND SAMPLE TAKING TO PAY AS LOGISTICS AND PAY FOR CARGO AFTER Q&Q.


3) UPON RECEIPT OF DULY EXECUTED SPA, ATB/NOR FORMAT , SELLER ISSUES NOR/ETA FROM A LOADED 1-2MB VESSEL IN NIGERIAN WATERS TO HARBOUR MASTER AND ANNOUNCE UNBEHALF OF BUYER.

4) SELLER PROCEEDS TO BOARD BUYERS NNPC ACCREDITED SUPERCARGO AND INSPECTOR ON THE LOADED VESSEL. AFTER DUE DILIGENCE, VESSEL CAPTAIN ISSUES ATTESTATION REPORT CO-SIGNED BY THEBUYERS SUPERCARGO AS PROOF OF PRODUCT AND INSPECTOR COMES DOWN WITH SAMPLE.

5) BUYER RELEASES INSTRUMENT TO SELLER FOR SUNDRY LOGISTICS AND DOCUMENTATION IN BUYER’S NAME

6) BUYER’S INSPECTION COMPANY RELEASE Q&Q RESULT WITHIN 24 HOURS OF RECEIPT OF CAPTAIN’S NOTIFICATION OF INSPECTOR’S DEMBARKATION WITH PRODUCT SAMPLE FOR Q&Q TEST.

7) SELLER WITHIN 24 HOURS OF Q&Q REPORT SEND COMMERCIAL INVOICE TO BUYER AND COPIES OF CARGO TITLE DOCUMENTS TO BUYER’S BANK.

WITHIN 3 BANKING DAYS AFTER RECEIPT OF Q AND Q REPORT, COPIES
OF WARRANTY OF TITLE, COMMERCIAL INVOICE AND OTHER RELATED AND VALID NNPC DOCUMENTS BY BUYER'S BANK, FINAL PAYMENT SHALL BE ADVISED BY BUYER VIA SWIFT MT103 CASH TT TRANSFER TO THE SELLER' S BANK AND OTHER COMMISSION FOR INTERMEDIARY AGENTS LESS N100,000,000.00.

9) SELLER SHALL INTRODUCE BUYER TO THE SHIP
OWNER TO RE-CHARTER THE VESSEL TO THE FINAL PORT OF DELIVERY.

10) TRANSACTION CLOSES AND NEXT SHIPMENT COMMENCES.

PRICE : 70 LESS 4 NAIRA


Note: The seller right now has an already loaded vessel off the Gulf of Guinea and would head to Ghana once a buyer can raise a manager's cheque of 10 million Naira and return same with the signed SPA contract and other details required now so that the supercargo can board tomorrow ( only for those who can act on this immediately). Price is 65 less 4 Naira. The vessel can be tracked with details: Lat :05'58'04'.28''N and Long: 004'58'11.47''E [b][/b]