2M-6M BBLS BLCO TTO GHANA TRANSACTION.

SELLER GIVES 2%PB VIA MT760 AGAINST BUYER'S SBLC VIA MT760.



N.B: IN ALL MY BRIEFS, I'M DIRECT TO THE SELLERS

N.B KINDLY ASK FOR OUR LOI FORMAT BEFORE BUYER CAN RECEIVE OUR CONTRACT.


1) Buyer and Seller sign and seal the Contract including banking
coordinates. The electronic signed copy by both parties is considered legally binding and enforceable and must not be changed without the written consent of the parties.

2) Buyer bank contacts the Seller’s bank via SWIFT MT799 stating its
readiness, willingness and ability to issue the SBLC and requesting
the Seller’s bank to issue the operative 2% PB on confirmation of the
Buyer bank SBLC.

3) Seller’s bank responds via SWIFT MT799 to the Buyer bank stating
its readiness, willingness and ability to issue the operative 2%PB on
confirmation of the Buyer bank SBLC.

4) Buyer bank issues SWIFT MT760 an IRREVOCABLE, CONFIRMED, OPERATIVE,
ASSIGNABLE STANDBY LETTER OF CREDIT (SBLC).

5) Seller’s Bank issues SWIFT MT760 an OPERATIVE 2%PB to the Buyer Bank.

6) Upon receipt and authentication of SBLC by Seller bank, Seller
sends a loaded vessel to Ghana International waters 10NAUTICAL MILES and give
MATB to Buyer team for boarding and Qn Q inspection.

7. Upon release of results, Seller writes invoice and sends ship’s
documents master copies to Buyer’s Bank in exchange for payment.

8. Upon confirmation of payment, Seller allows Buyer to contact the
Shipping Company as well as the tanker vessel’s captain for re-charter Tanker Take Over purposes.

9) The vessel proceeds to the Buyer port of destination.



Call Barr Bills 08108181157