- Phone
- 234818130...
- Send email
- Web
- Visit website
- Country
- NigeriaNigeria
- Address
- FCT ABUJA
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Nigeria Near Abuja
Company Description
TTO PROCEDURE
1. Buyer and Seller sign SALES AND PURCHASE AGREEMENT (S.P.A). With full banking co-ordinates of both parties.
2. Seller loads vessel and ready to sails to anchorage within the safe location Nigerian territorial waters / Cotonou waters (vessel subject to clearance etc)
3 Seller releases marine generated ATB in favour of Exit buyer supercargo and inspectors for them to come on board at Cotonou waters for Q&Q inspection
4. Seller takes Exit buyer’s supercargoes on board in Nigerian waters to confirm product. Upon Buyer’s supercargoes confirmation of product , Buyer will issue a Letter of Credit or BG/MT760 or Letter of Guarantee within 5 days to cover full cargo payment.
5. Upon seller’s confirmation of receipt of Letter of Credit, Seller moves vessel to cotonou waters and obtains clearance for them to come on board at Cotonou waters for Q&Q inspection
6. After successful Q&Q, buyer releases copies of the SGS report to seller. seller forward copies of re-assigned shipping documents + Authority to Sell (ATS)/Allocation letter from NNPC. ( Seller also provides a copy of the CPA, Q88 . .Buyer places a full charter on the vessel for Tanker Take Over.
7. All original shipping documents are presented to the bank for negotiation and payment made by SWIFT latest 24 hours after Q&Q and full charter is concluded for the complete tanker takeover.
8. Seller and intermediaries confirm payments and Seller releases vessel to depart to Buyer destination.
10). BANK CHARGES.
10.1 Seller’s bank costs will accrue in the Seller’s account while the Buyer’s bank costs will accrue in the Buyer’s account.
11). DUTIES AND TAXES.
11.1 The Buyer shall be responsible for all duties and taxes levied on the cargo by the authorities of the country of loading.
12). DOCUMENTS.
12.1 Faxes and photocopies of documents will be acceptable in lieu of copies but not in lieu of original copies of the documents obtained at the port of loading.
13). PENALTY.
13.1 Both Parties having understood all the terms and conditions of this sale and purchase contract agree to honor all the clauses and privileges, rights and immunities contained therein. Each copy of this contract agreement will be signed, presented and sent to the seller and Buyer's bank. In case of failure to honor any of the clauses, privileges and rights by either the buyer or the seller, the defaulting party agrees to reimburse the other party the full cost of his performance .
14). APPLICATION OF LAW.
14.1 Any dispute arising during the execution of this contract shall be settled amicably. If the parties fail to do so, they accept as final decision of the arbitration of ICC Court of Arbitration of the ICC, Swiss law to apply, expedite procedure format and all proceeding are to be conducted in English and shall be settled by arbitration in accordance with the Laws of England, United States of America, or Switzerland as the case may be.
15). FORCE MAJEURE.
15.1.. Neither party to this agreement shall be responsible for breach of contract caused by acts of GOD, insurrection, break down of refinery operation/supplies to the seller/buyer, civil wars, military operations, government policies, national or local emergencies. The parties hereby accept the International provisions of Force Majeure and hardships published by International Chamber of Commerce
LET THE BUYER PROVIDE SELLER WITH LOI IN
TO THE MANAGING DIRECTOR OF TRANSPACIFIC INTEGRATED SERVICE NIG LTD AND LET THE BUYER STATE THAT HIS CAPABLE TO SIGN THE SPA,WITH PROOF OF FUND ( POF) FROM TOP SIGN AND RETURN WITH YOUR BANKS GUARANTY FROM TOP BANKS AND RETURN BETWEEN 24HOURS TO 48HOURS.
NOTE:- WELL DON'T DO CIF.ONLY FOB,TTO,TTT AND TTO IS BASE ON SIGN AND RETURN WITH YOUR BANKS GUARANTY FROM BANKS
AND ALL THE NECESSARY DOCUMENT WELL BE SEND TO YOU NOW.IF L GET THE LOI LETTER NOW AND PROCEDURE IS NOT OUR PROBLEM HERE
THANKS FOR YOUR LOVELY CALLS,L WISE TO HAVE A LONG LIFE RELATIONSHIP WITH YOUR COMPANY
NOTE:-SIGN AND RETURN WITH YOUR BANKS GUARANTY 150MILLION NAIRA DURING Q AND Q
NOTE:-PROCEDURE OF LPFO IS THAT THE BUYER MUCH COME WITH IS COPY STATEMENT OF ACCOUNT AND SHOW IT TO THE SELLER AND ALL THE DOCUMENT WE BE GIVING TO THE BUYER THEN WE MOVE TO THE NNPC FOR COMFERMETION AND FINALLY TO BANK.
THANKS
ADEOYO J.K ITUNUOLA
1. Buyer and Seller sign SALES AND PURCHASE AGREEMENT (S.P.A). With full banking co-ordinates of both parties.
2. Seller loads vessel and ready to sails to anchorage within the safe location Nigerian territorial waters / Cotonou waters (vessel subject to clearance etc)
3 Seller releases marine generated ATB in favour of Exit buyer supercargo and inspectors for them to come on board at Cotonou waters for Q&Q inspection
4. Seller takes Exit buyer’s supercargoes on board in Nigerian waters to confirm product. Upon Buyer’s supercargoes confirmation of product , Buyer will issue a Letter of Credit or BG/MT760 or Letter of Guarantee within 5 days to cover full cargo payment.
5. Upon seller’s confirmation of receipt of Letter of Credit, Seller moves vessel to cotonou waters and obtains clearance for them to come on board at Cotonou waters for Q&Q inspection
6. After successful Q&Q, buyer releases copies of the SGS report to seller. seller forward copies of re-assigned shipping documents + Authority to Sell (ATS)/Allocation letter from NNPC. ( Seller also provides a copy of the CPA, Q88 . .Buyer places a full charter on the vessel for Tanker Take Over.
7. All original shipping documents are presented to the bank for negotiation and payment made by SWIFT latest 24 hours after Q&Q and full charter is concluded for the complete tanker takeover.
8. Seller and intermediaries confirm payments and Seller releases vessel to depart to Buyer destination.
10). BANK CHARGES.
10.1 Seller’s bank costs will accrue in the Seller’s account while the Buyer’s bank costs will accrue in the Buyer’s account.
11). DUTIES AND TAXES.
11.1 The Buyer shall be responsible for all duties and taxes levied on the cargo by the authorities of the country of loading.
12). DOCUMENTS.
12.1 Faxes and photocopies of documents will be acceptable in lieu of copies but not in lieu of original copies of the documents obtained at the port of loading.
13). PENALTY.
13.1 Both Parties having understood all the terms and conditions of this sale and purchase contract agree to honor all the clauses and privileges, rights and immunities contained therein. Each copy of this contract agreement will be signed, presented and sent to the seller and Buyer's bank. In case of failure to honor any of the clauses, privileges and rights by either the buyer or the seller, the defaulting party agrees to reimburse the other party the full cost of his performance .
14). APPLICATION OF LAW.
14.1 Any dispute arising during the execution of this contract shall be settled amicably. If the parties fail to do so, they accept as final decision of the arbitration of ICC Court of Arbitration of the ICC, Swiss law to apply, expedite procedure format and all proceeding are to be conducted in English and shall be settled by arbitration in accordance with the Laws of England, United States of America, or Switzerland as the case may be.
15). FORCE MAJEURE.
15.1.. Neither party to this agreement shall be responsible for breach of contract caused by acts of GOD, insurrection, break down of refinery operation/supplies to the seller/buyer, civil wars, military operations, government policies, national or local emergencies. The parties hereby accept the International provisions of Force Majeure and hardships published by International Chamber of Commerce
LET THE BUYER PROVIDE SELLER WITH LOI IN
TO THE MANAGING DIRECTOR OF TRANSPACIFIC INTEGRATED SERVICE NIG LTD AND LET THE BUYER STATE THAT HIS CAPABLE TO SIGN THE SPA,WITH PROOF OF FUND ( POF) FROM TOP SIGN AND RETURN WITH YOUR BANKS GUARANTY FROM TOP BANKS AND RETURN BETWEEN 24HOURS TO 48HOURS.
NOTE:- WELL DON'T DO CIF.ONLY FOB,TTO,TTT AND TTO IS BASE ON SIGN AND RETURN WITH YOUR BANKS GUARANTY FROM BANKS
AND ALL THE NECESSARY DOCUMENT WELL BE SEND TO YOU NOW.IF L GET THE LOI LETTER NOW AND PROCEDURE IS NOT OUR PROBLEM HERE
THANKS FOR YOUR LOVELY CALLS,L WISE TO HAVE A LONG LIFE RELATIONSHIP WITH YOUR COMPANY
NOTE:-SIGN AND RETURN WITH YOUR BANKS GUARANTY 150MILLION NAIRA DURING Q AND Q
NOTE:-PROCEDURE OF LPFO IS THAT THE BUYER MUCH COME WITH IS COPY STATEMENT OF ACCOUNT AND SHOW IT TO THE SELLER AND ALL THE DOCUMENT WE BE GIVING TO THE BUYER THEN WE MOVE TO THE NNPC FOR COMFERMETION AND FINALLY TO BANK.
THANKS
ADEOYO J.K ITUNUOLA
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