100KMT OF AGO ON TTT/TTO LAGOS - GHANA WATERS WITH N100M BLOCKED FUNDS PLUS 2%PB
Price: N160/4 NET USD$460/10NET.

*TRANSACTION PROCEDURE(NON-NEGOTIABLE):*
1) BUYER SIGNS AND RETURNS WITH NNPC ACCREDITED S/CARGO & INSPECTOR DETAILS, ATB/NOR/ETA FORMAT OR VESSEL DETAILS. (INTERTEK INSPECTORS ARE NOT ALLOWED)

2) BUYER'S BANK PREADVICES TO GIVE N100M BLOCKED FUNDS AND RECEIVE 2%PB FROM SELLER. SELLER RESPONDS VIA PREADVICE OF READINESS TO ISSUE 2%PB.
3) BUYER ISSUE BLOCKED FUNDS OF N100M & SELLER'S BANK RESPONDS WITH 2%PB
4) SELLER ISSUES MATB TO BUYER AND SELLER BOARDS BUYER'S S/CARGO & INSPECTOR. BUYER’S SUPERCARGO & VESSEL CAPTAIN RELEASE ATTESTATION AND INSPECTOR COMES DOWN WITH SAMPLE FOR QNQ. THE BLOCKED FUNDS BECOME CASH/PAID TO SELLER’S ACCOUNT AFTER ATTESTATION.
*IF ON TTT BASIS:*
4A) WITHIN 72 HRS, SELLER’S VESSEL SEND MNOR/ETA TO BUYER’S VESSEL, BUYERS VESSEL ACKNOWLEDGES THE NOR/ETA & AGREE ON POSITION FOR TRANSHIPMENT. BOTH VESSELS TIE-UP.

4B) THEN THE BLOCKED FUNDS BECOMES CASHABLE AND BUYER PAYS 30% OF THE CARGO COST. SELLER CONFIRMS PAYMENT AND THEN ORDERS HIS VESSEL CAPTAIN TO PUMP THE PRODUCT INTO BUYER'S EMPTY VESSEL.
*IF BUYER PREFERS TO DO QNQ OUTSIDE NIGERIAN WATERS:*
4A) AFTER ATTESTATION, SELLER MOVES VESSEL TO BUYER’S POD. ANNOUNCEMENT IS MADE IN BUYER’S NAME.
4B) SELLER BOARDS INSPECTOR, INSPECTOR COMES DOWN WITH SAMPLE, BLOCKS FUNDS THEN TURNS CASHABLE/CREDITED TO SELLER’S ACCOUNT AS DEDUCTIBLE LOGISTICS.
*IF BOARDING AND QNQ IS TO BE DONE OUTSIDE NIGERIAN WATERS.*
4A) SELLER INSTRUCTS CAPTAIN OF LOADED VESSEL TO ISSUE MNOR TO BUYERS PORT OF DISCHARGE AND HARBOUR MASTER
4B) VESSEL MOVES TO BUYER’S POD, ANNOUNCEMENT IS MADE.
4C) SELLER BOARDS BUYER’S SUPER CARGO AND INSPECTOR AND ATTESTATION IS DONE AND INSPECTOR COMES DOWN WITH SAMPLE OF PRODUCT. IMMEDIATELY ATTESTATION, THE BLOCK FUND TURNS CASHABLE/CREDITED TO SELLER’S ACCOUNT AS DEDUCTIBLE LOGISTICS.
5) QNQ RESULTS IS RELEASED TO BOTH PARTIES AND BUYER RELEASES MT103 FOR PAYMENT TO SELLER & ALL AGENTS INVOLVED.
6) SELLER TRANSFERS ALL NECESSARY DOCUMENTS IN BUYER'S NAME & VESSEL SAIL TO BUYERS POD.

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