5000 MT AGO TANKFARM DELIVERY NOW AVAILABLE at 129 less 2 PROCEDURE 1. Seller signs and sends the sales and purchase agreement (SPA) with proof of product (POP) to buyer for confirmation. 2. Buyer signs and returns SPA with tank farm details and bank draft or managers cheques of 20 million for logistics. 3. Seller nominates a vessel and load product into the vessel. 4. After loading, Seller invites buyers inspectors to conduct the Q and Q analysis and release reports to both buyer and sellers bank respectively. 5. Upon confirmation and acceptance of the Q and Q report, bank draft becomes cashable for logistics and buyers bank places a bank guarantee/ bank draft/ standby letter of credit/ irrevocable bank payment undertaking to sellers bank less the 20million for logistics. 6. Upon confirmation and acceptance of the banking instrument, seller dispatches vessel to the tank farm. 7. Immediately product is transshipped to tank farm bank instrument crystallizes to cash in sellers accounts as in the signed SPA. 8. Upon Confirmation of payments, seller hands over transaction documents to buyer and both parties seal the deal. THE POP AND SPA IS WITH ME FOR SERIOUS BUYERS ONLY...TIME WASTER SHOULD BE STAY AWAY
Posted on: Tue, 22 Jul 2014 22:05:06 +0000