There are 5 vessels loaded with 2 million bbls of Bonni Light Crude Oil on each vessel, ready for TTO at the price of $9 gross & $6 net. procedures: i. Buyer & Seller sign & seal SPA with full banking details & forward same to their respective banks. ii. Buyer’s bank swifts to Seller’s bank a POF Letter stating Buyer has available funds to transact. Buyer provides ATB details to Seller. iii. Upon receipt of Buyer’s POF & Authority to Board (ATB) details, Seller will instruct his vessel captain to issue a marine ATB to Buyer’s independent inspectors & supercargo to board the vessels. iv. Buyer's inspectors (SGS or Equivalent) boards the vessel to ascertain the Q & Q
v. Within 72 hrs, Buyer’s bank send SWIFT MT 103/23, upon receipt, Seller’s issue complete shipping documents to Buyer
vi. Seller Facilitates Buyer’s TTO through the shipping company. vii. Buyer pays via SWIFT MT 103 or KTT Wire Transfer
viii. Lifting commence
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Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Crude Oil -> Bonni light crude oil available now
