Free boarding naira deal in Nigerian waters is available at #68.00 gross. Buyer signs spa, seller issues MATB for buyer's supercargo to board and confirm product. After confirmation and attestation of product, buyer will block #100M for logistics. Inspectors will take sample for Q&Q.
(i) After Q&Q, #100M is unblocked and buyer pays for cargo less #100M, as well as agents commissions, then re-charters vessel.
OR
(ii) After #100M is blocked, vessel is moved to Ghana for Q&Q. Inspectors will take sample for Q&Q. After Q&Q, #100M is unblocked and buyer pays for cargo less #100M, as well as agents commissions, then re-charters vessel

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