Product: AGO AND BLCO
Delivery terms: TTT
Quantity: 5KMT - 50KMT

Waters: Lagos/Portharcourt

AGO PRICE: 170/2
BLCO PRICE: 65/4

PROCEDURES AGO TTT- LAGOS AND PH WATERS
1. Buyer and seller sign and seal this contract and exchange the
signed copies by electronic mail. The electronic signed copies by both
parties is considered legally binding and enforceable and deposited in
their various bank.

2. Buyer returns signed SPA with NOR Format, full valid vessel
documentation (CPA Q88, Charter Receipt $ Invoice etc), Authority To
Load (ATL) Vessel in favour of Seller

3. Upon receipt and verification of these documents by Seller, SELLER and BUYER meet to know who we are dealing with, & also to be certain buyer has the capacity to pay for security and logistic fee and final payment. Afterwards, Seller instructs Vessel Captain(s) to issue Marine Notice of Readiness (NOR) as per Buyer’s format to Buyer’s Vessel.

4. Buyer acknowledges receipt of NOR and instructs his Vessel Master to sail to STS location for transshipment.

5. Buyer Vessel arrive STS location, long siding of both Vessels and
tie up of both Vessels at STS location Buyer pays the sum of
N50,000,000.00 for security clearance & logistic fee.

6. Upon receipt and confirmation of this N50, 000,000.00 by Seller
transshipment commences.

7. Upon completion of transshipment and confirmation of transshipped
Quantity balance of full value of cargo Less N50, 000,000.00 is paid
to Seller’s nominated accounts.

8. Both vessels untie and depart.

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