BLCO on TTT (Nigeria) is a Crude Oil product. Key specs — Origin: Nigeria.
Product Description
BUYER ACCEPTABLE PROCEDURE FOR TTT: 1. he Buyer and the Seller sign the contract. 2. TBuyer issues Proof of Funds as per the TEXT ATTACHED N THE SPA THEN SELLER PLACES A CASH DEPOSIT of USD $100,000 PERFORMANCE BOND to Buyer Account, to insure the Seller vessel arrives for TTT. 3.
Buyer opens a Transferable Letter of Credit to Seller nominated account, to cover the crude delivered within 7 (seven) days. OR must return seller expenses towards PB PLUS USD $25,000. 4. The Seller provides the Buyer with the call sin, captain name and other relevant coordinates of his feeder tankers including SSB numbers. 5.
Buyer responds with his Mother Vessels establishing direct communication link with the Seller Vessels and is guided through to a safe and secured discharge point. 6. The Buyer vessel is at the discharge point and meets the feeder tankers. 7. The Tanker-To-Tanker transfer takes place. 8.
An Independent SGS inspector appointed by the BUYER monitors the transfer of cargo, ascertains the quality and quantity and reports back the same tot eh Buyer and the Seller. 9. Crude oil, as per Q & Q report, will be PAID IN FULL by swift wire transfer within 24 hours of transferring cargo into Buyer vessel.
