Dear Sir,
I am peter Hsieh / Enghigh Inestment Co.Ltd
we have buyer will be RWA to buyBLCO from you ,
pls give me your email address and skype id,so that I am sending buyer's request to you >>>
12.PROCEDURE for TTO Ghana water :
Procedure A (for CI-Dip & Pay)
First 2M bbls x 2 vessels for CI + D/P with BG or SBLC at Ghana International water
1. Seller issues contract and Buyer signs & return contract
2. Seller moves vessel to 10-12 Nautical miles from Tema Port, Issue
Marine ATB to buyer’s inspection team (supercargo/inspector). Seller
and Vessel Captain to follow vessel instructions on accompanying
ATB Format of Buyer. (Vessel instructions call for the vessel captain to
announce the ship to the harbor master before anchoring the vessel).
3. Buyer supercargo/inspector boards the vessel and buyer pays the
sum of $500,000 dollars for logistics to seller before conducting Q&Q.
4. Seller confirms payment of logistics and allow buyer’s
supercargo/inspector to conduct confirmation of product/Q&Q.
5. Upon confirmation of product and Q&Q result is out, buyer issues
outright payment with Mt103 less $500,000.00 that was paid as logistics
6. Seller arranges for buyer to talk to shipping company and take over
vessel via charter party agreement.
(7a) Buyer take over vessel and sails to destination.
(7b).. Payment made by swift via MT 103 and commissions paid
Procedure B
(BUYER WILL PUT UP AN INSTRUMENT AFTER FIRST 2 TRANSACTIONS IF ALL GOES WELL ON SELLERS SIDE.)
SBLC or BG / MT760 for 6 Mbbls [ 2M bbls x 3 vessels] last for 4M bbls x 52 weeks x 5 yrs
1. Seller and buyer sign and seal sales/purchase agreement and copies are sent to both parties' bankers, the electronically signed copy is considered legally binding and enforceable in international arbitration laws.
2. Except first 2M bbls for CI + D/P with BG or SBLC . Buyer financier bank swift POF by MT799 [ Block Fund] for 4 Mbbls [ 2M bbls x 2 vessels] that last for 52 weeks x 5 yrs to seller's Financier Bank in seller's acceptable Verbiage (see ANNEX "B")
3. Seller's financier bank swifts 2% Performance Bond (PB) to Buyer's bank .
4. Seller immediately nominates, programs and loads vessel in buyer's company name, and give all cargo documents to buyer's bank. The documents shall also include complete CPA of the loaded vessel. The CPA has to have complete information on the vessel owner and vessel handler
5. Upon verification of documents, the buyer and its bank within 24-48hrs swift a confirmed Standby Letter of Credit via MT760 covering the total cost of cargo thereby activating the 2%PB.
6. Seller moves loaded vessel to Ghana international water
7. Buyer supplies their inspection company and supercargo details.
8. Seller takes supercargo to vessel.
9. Captain of the vessel will issue Marine ATB with proper coordinates to buyer's Inspection Company.
10. Buyer's inspectors perform Q & Q analysis on cargo.
11. Buyer is instructed to complete the full voyager charter of the vessel with the vessel owners and notifies the seller of the completion of the process
12. Upon the completion of the buyer's full chartering process, buyer's bank makes a payment for the cargo and all commissions by kit swift wire transfer.
13. Upon confirmation by seller of receipt of the payment for cargo and commission, vessel sails to destination port.
14. Payment of cargo and all commissions by kit swift wire transfer is based out turn barrels and upon presentation of the following documents:
1. Original bill of lading
2. Commercial invoices
3. Tanker ullage report
4. Tanker time sheet
5. Master's receipt of documents
6. Certificate of quality and quantity
Peter Hsieh
For Petroleum business
Email : ***.tw &
Em 2 : ***
https://***/site/enghighinvestment/home
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