Transpacific Integrated Service Nig Ltd

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.

+234818302106, +2347030632185. 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