*LAGOS TANK FARM DELIVERY

*PRODUCT*: AGO
*PRICE* #I77
*INSTRUMENT* BG or Draft only *NO BLOCK FUNDS*
*QUANTITY* : I0K - 50k

*MARK UP NOT ALLOWED*

*I WILL GIVE 2% PERFORMANCE BOND UPON RECEIPT OF BG*



*FULL NON NEGOTIABLE PROCEDURES*


1. BUYER AND SELLER SIGN AND SEAL THE SALES AND PURCHASE AGREEMENT (SPA) INCLUDING FULL BANKING COORDINATES.

2. BUYER RETURNS SIGNED SPA WITH TANK FARM DOCUMENTS, NOR FORMAT AND (N200,000,000 NAIRA MILLION) BANK GUARANTEE IN FAVOUR OF THE SELLER. SELLER CONFIRMS THROUGHPUT DOCUMENTS AND INSTRUCTS CAPTAIN TO RELEASE MARINE NOR/ETA TO BUYERS TANK FARM OR #200M BANK DRAFT

3. BUYER CONFIRMS AND ACKNOWLEDGES THE NOR AND BUYER MOVES CARGO TO SELLER'S TANK FARM.

4. UPON ARRIVAL AT BUYER’S JETTY, BUYER CONDUCTS Q AND Q ANALYSIS AND UPON POSITIVE Q AND Q REPORT ON THE PRODUCT, BUYER RELEASES N200 MILLION, AS LOGISTICS EXPENSES, INTO SELLER’S NOMINATED ACCOUNT, AND BUYER ISSUES IBPU COVERING ENTIRE CARGO FOR DISCHARGE TO COMMENCE.

5. TRANSHIPMENT INTO BUYER’S TANK FARM STORAGE TAKES PLACE AND BUYER PAYS FOR THE VALUE OF THE ENTIRE PRODUCT MINUS N200 MILLION. BUYER ALSO PAYS THE COMMISSION TO ALL AGENTS, AS REFLECTED IN SALES AND PURCHASE AGREEMENT (SPA), WHICH HE SIGNED WITH THE SELLER.


*Dr. Mishael CD Kings*
*_Century Oil And Gas.08032729002
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