PROCEDURE FOR TTO NIGERIAN WATERS/LOME WATERS.

Price: 12/8. N65-4.
 
1.    Buyer and Seller sign and seal the Sales and Purchase Agreement including full Banking co-ordinates. Buyer returns signed SPA with complete ATB format.

2. Seller send to the buyer the loaded vessel Original POP documents through the NNPC official domain email for buyer's verifications and confirmations. Seller also send to the buyer the NNPC official fiduciary account to receive the sum of Five Million Naira (#5,000,000.00) Only through the NNPC OFFICIAL DOMAIN EMAIL for boarding logistics in either Nigerian or Lome Waters (Gulf of Guinea).

3. upon confirmation of buyer's payment, Operators instructs the loaded vessel captain to issue a marine Authority to Board (ATB) to buyer and seller (NNPC) also issue to the buyer Clearance for buyer's supercargo and INSPECTORS to board loaded vessel and fetch sample for QnQ analysis.


4. Sellers vessel Captain receives the inspection team on board for Q&Q Inspection. Captain issue an ATTESTATION also confirmed and endorsed by buyer's supercargo. Inspector dissembark loaded vessel while SUPERCARGO remains onboard.

5.  upon successful QnQ result, buyer's Bank shall swift Operative Bank Guarantee MT103 covering the entire cargo within 4 hours upon receipt of Q&Q Report from the Inspection Agency.

6. Seller releases full cargo documents to Buyer in buyer's name. Buyer places full charter on vessel.

7. Buyers Bank shall effect payment immediately via Swift transfer less 5million Naira initially paid for logistics.

8.  Buyer's vessel is cleared to sail to her port of destination.