TTO AUTOMOTIVE GAS OIL (AGO100KMTS) | D2 Sellers | MAZUT.org 

TTO AUTOMOTIVE GAS OIL (AGO100KMTS)



D2 Sellers Published date: January 27, 2018 Modified date: January 27, 2018



1. QUANTITY AND DURATION: 05,000mt - 100,000 MT.
2. DESTINATION: GHANA/LOME WATERS
3. PRICE: $430.00 LESS $10
4. Commissions: Buyer to pay broker fees
5. DELIVERY: TBA.
6. DETERMINATION OF QUALITY AND QUANTITY

PROCEDURE

1. BUYER AND SELLER SIGNS AND DEPOSIT SPA WITH THEIR BANKS ELETRONICALLY TRANMITTED COPY
2. BUYERS BANK SENDS ASSURANCE LETTER FROM BANK TO SELAS BANK ASSURING THEM OF THEIR READINESS TO ISSUE THEIR, TRANSFERABLE, AND IRREVOCABLE AND CONFIRMED CASH BACKED STANDBY LETTER OF CREDIT (SBLC) IMMEDIATELY UPON RECEIPT OF ONE OR MOREPROOF OF AVAILABILITY OF CARGO DOCUMENTS OR PHYSICAL CONFIRMATION OF CARGO.
3. SELLER CONFIRMS BUYERS BANK ASSURANCE LETTER AND SEND ONE OR MOREPROOF OF CARGO DOCUMENTS TO BUYER OR TAKES BUYERS SUPER CARGO ON BOARD AT BUYERS EXPENSE WITH GUNBOAT THAT SHALL BE NOMINATED BY SELLER.THE NOMINATED GUNBOAT IS 1.5M TO BE PAID AS SOON THE PRODUCT IS CONFIRM.
4.BUYERS BANK ISSUE THEIR IRREVOCABLE, TRANSFERABLE,CASH BACKEDSBLCIN FAVOUR OF SELLER TO SUPPORT LOGISTICS STRICTLY IN ACCORDANCE TO FORMAT IN APPENDIX B 5.SELLER INSTRUCTS THE CAPTAIN OF THE CARGO LADEN VESSEL TO SAIL TO GHANA WATERS AND RELEASE MATB (5M) TO BUYERS SUPER CARGO /INSPECTOR FOR PHYSICAL INSPECTION OF CARGO ANDQN Q TEST AT BUYERS COST
6. BUYERS INSPECTOR e mail THE QNQ REPORT TO THE ACCOUNT OFFICERS OF BOTH PARTIES WITHIN 6HRS.
7. SELLER SENDS THEIR FINAL COMMERCIAL INVOICE, AVAILABLE CARGO DOCUMENTS AND WARRANTEE OF TITLE IN FAVOUR OF BUYER TO BUYERS BANK.
8. BUYERS BANK SWIFT PAYMENTS TO SELLERS NOMINATED ACCOUNT IMMEDIATELY AND AGENTS COMMISSION
9. SELLER INTRODUCES BUYER TO VESSEL HANDLER, BUYER RECHARTERS VESSEL AND TAKE OVER CARGO.
10. BOTH VESSELS DISENGAGE AND RETURN TO THEIR DESTINATIONS.

  • Company Name: DOUBLE STONE AND ASSOCIATES
  • Country: THE NETHELANDS



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