We have this for a ready Buyer that would do this Seller's Procedures as it is. Buyer's side $2 is open from me. Interested one should email me on peacesoftventures@yahoo.com and copy stephenolaitan@yahoo.com for prompt respond.

CIF PROCEDURE

1. Seller signs and seals a freshly dated SPA/Contract Agreement and dispatches to the Buyer in form of an email including Partial POP

2. Buyer countersigns the contract and dispatches a copy to the Seller in form of an e-mail.

3. Buyer and Seller deposit same at their respective Banks.

4. Buyer’s bank issues via SWIFT: SBLC/BG/Non Operative Revolving Non Transferable Documentary Letter of Credit

5. After confirmation of SBLC/BG/DLC, within 16 days*, Seller issues Re-assignment of cargo in buyer’s name including Full POP.

6. Seller’s bank issues a 2% PB to buyer’s bank which automatically activates the Buyer’s SBLC/BG/ RDLC.

8. Vessel sails to buyer’s port of discharge.

9. Sellers bank validates shipping documents which shall include the following:

A). Notarized Commercial Receipt naming Buyer, contract number, goods and quality indicating transfer of the title.

B). Shipping advice indicating, designated vessel name, loading port, estimated loading time, estimated time of departure, estimated time of arrival in destination port ( FULL ETA)

10). Signed Commercial Invoice indicating the Contract Number and the name of the carrying vessel. (3 originals and 3 copies)

D). Quality and Quantity certificate issued at the loading port. F). Charter party agreement and Full set ( 3 originals and 3 copies) of clean on-board Bills of lading made out to order; bank endorsed and marked “freight pre-paid” , indicating the name of the carrying vessel with the Buyer as the “ Notifying party”.

11. Seller’s loaded vessel arrives at the buyer’s discharge port and Buyer conducts Q&Q inspection at buyer’s expense. Within 72 h, Buyer’s Bank releases Payment by MT103/Swift to all parties named in the SPA/Contract Agreement. Transaction Completed.

12. LAYTIME AND DEMURRAGE:

a. Provided that the Seller’s vessel can discharge entire portion of above said cargo in 48 hours, laytime allowed at discharging port shall be forty-eight hours (48) (SHINC) plus six (6) hours (NOR). Effective time to start counting shall be upon connection of hoses. The Buyer shall be responsible at the port of discharge.

b. Demurrage, if any, shall be at actual Charter Party rate

13. INVOICING: – PAYMENT IN UNITED STATES DOLLARS

Invoicing shall be made in United States barrels and payment for said Crude Bonny Light Nigerian Standard Export Grade shall be made in United States Dollars without deduction or discount. Each element of pricing at each stage shall be rounded to three decimal places.

SENT YOU AN EMAIL REGARDING THE BLCO CIF BUT NO REPLY YET. PLEASE CHECK YOUR MAIL & GET BACK TO US.

THANKS.