HELLO WE HAVE A SERIOUS SELLER OF BLCO 2M-6M BARRELS TTT/TTO/CIF IF INTERESTED GET BACK TO US BELOW IS PROCEDURES A SPOT OFFER FOR TTO$9/$5 DO TREAT AS URGENT
TTO PROCEDURE $9/$5
TTO Procedure
1. Buyer and seller sign and seal SPA with full banking
2. Seller nominates and commence precharter in the name of the buyer.
3. Buyer confirms Precharter and issues BCL / ATL
4a. Seller Loads vessel and issues ATB
4b. Buyer upon confirmation of loaded vessel via Q&Q places full charter and refunds the cost of pre-charter USD6500
5. Buyer places an irrevocable, non-transferable LC to cover the total cost of the cargo as well as the commission for the brokers.
6. Payment is made to all parties within 3 business days,
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HELLO WE HAVE BLCO TTT/TTO PROCEDURES ARE BELOW GET BACK TO US IF INTERESTED
TTT PROCEDURE $8/$5
1) Seller and Buyer sign and seal Sales and Purchase Agreement (SPA). Both Parties lodge documents in respective banks.
2) Buyer issues Bank Comfort Letter BCL to sellers Bank.
3) Seller instructs its bank to issue a Non- Operative 2% Performance Bond to Buyers bank on/before five working days after the SPA is signed and BCL sent.
4) . Buyers bank Re-activates The 2% Performance Bond with its Stand By Letter of Credit on/before five working days as indicated above
5) Buyer gives Seller draft copy of SBLC for confirmation.Buyer shall instruct its bank to advise seller's bank by SWIFT or tested telex quoting the value date of the transfer, the amount, the invoice number and the clearing bank, if any. Such advise is to be sent in due time so as to enable Buyer''s bank to credit Seller with value on due date..
6) Buyer and Seller exchange CPA and Q88 of Vessels(ie Seller gives Buyer CPA and Q88 of intending Vessel and Buyer gives Seller CPA and Q88 of recieving Vessel)
7) Buyer issues an Authority to Load ATL to seller
8) Seller loads vessel and gives Buyer Authority To Board ATB for Q & Q test to be conducted at the expense of the Buyer.
9)Seller through his Captain furnishes Buyer's vessel with Notice of Readiness (NOR) and Expected Time of Arrival (ETA) is agreed upon.
10)Vessels longside for transshipment and transshipment is authorized.
Payment to Seller and intermediaries is executed by SWIFT within 48 hrs based on out-turn barrels.
Buyer vessel sails to port of discharge.
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