For Sale:
Diesel (AGO) MARINE
Quantity: 5 000MT to 20,000MT
Quality: NNPC SPECIFICATIONS

Price is ₦450 less 2

TTO AGO TRANSACTION PROCEDURE

1. Buyer and Seller sign and seal the Sales and Purchase Agreement including full Banking co-ordinates. Buyer returns SPA with comprehensive ATB format, NNPC Accredited supercargo and inspector details and phone numbers.

2. Seller confirms buyer's details and issue to buyer either "a" or "b" below;
(a) A posted corporate cheque of ₦5,000,000.00 (five million naira only), with the statement at the back," cheque to be presented to the bank upon failure of NNPC/Seller to issue ATB and Supply Assurance Letter within three (3) working days to Buyer, and seller fails/refuses to refund same ₦5,000,000.00 paid by Buyer back to the Buyer within two (2) working days.
(b) A Notarised Corporate Undertaking stating that, "upon failure of NNPC/Seller to issue ATB and a Supply Assurance Letter within three (3) working days to Buyer, seller shall refund Buyer's ₦5,000,000.00 (five million naira only)cash back to Buyer within two (2) working days.

3. Buyer pays ₦5,000,000.00 (five million naira only) cash to Seller's account.

4. NNPC operators instruct loaded vessel captain to issue ATB to buyer’s inspection team.

5. Seller then releases buyer's cash ₦5,000,000.00 (five million naira) to NNPC after confirmation of ATB and Supply Assurance Letter, for supercargo and inspector to onboard a loaded vessel.

6. Upon receive of the payment NNPC Operators instruct loaded vessel captain to issue Clearance to buyer’s team and take the onboard.

7. Upon successful boarding and confirmation of product, captain issues Attestation duly signed by Buyer’s supercargo. Then inspector comes down with sample, while supercargo remains onboard.

8. Upon successful QnQ test results sent to both parties, NNPC/Seller introduces the buyer to vessel handler for Re-charter. Buyer give his Port Of Discharge and pays $150,000.00 (One hundred and fifty thousand dollars) or its equivalent in naira, for reassignment.

9. Buyer places MT 103/23 of the entire cargo to the NNPC nominated account to receive final payment which will be sent to buyer.

10. NNPC/Seller issues HARD copies of Cargo documents in Buyer's name to Buyer.

11. Buyer pays for the total cargo via MT103 TT/WIRE transfer to NNPC/seller nominated Bank account less all logistics paid, and to all AGENT'S commission simultaneously into their various accounts.

11. Buyer takeover the vessel to his/her Port of Discharge.

NOTE: Seller shall issue to buyer a payment schedule.

Thanks

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