Quick Details

Place of Origin: Nigeria Brand Name: AGO Model Number: DPR/DS/CTO/2018.VOL.89/093

Type: BLCO Application: Oil Product Grade: Other

Chemical Composition: ASTMD1298/P 160 0.8597 A... Specific Gravity at 150C, kg/1: Red

Packaging & Delivery

Packaging Detail: Tanker

Delivery Detail: 72 hours

Specifications

TECHNICAL SPECIFICATIONS/REPORT OF Q & Q TEST ANALYSIS 

Specific Gravity at 150C, 

kg/1 ASTMD1298/P 160 0.8597

 

8. VESSEL NOMINATIONS, SHIPMENT & PROCEDURE:

MI TTO Sales & Purchase Procedures

T.T.O- Banking Procedure

 

[1] Buyer And Seller Executes, Sign And Seal The Sales And Purchases Agreement (SPA) And Exchange Copies Via Facsimile Or Electronic Mail. The Electronically Transmitted Copy Signed And Sealed By Both Parties Shall Be Considered Legally Binding And Enforceable Without Perjury.

 

[2] After signing the SPA, Buyer returns the signed SPA with a Bank Capacity Letter (BCL)/proof of funds stating that the Buyer has the financial capacity to pay/purchase the exact quantity of product

 

NB: The Bank Capacity Letter (BCL) Should Be Issued In favour Of Seller’s Bank (GTBANK) and Addressed As Follows:

 

                                     

 

And The Hard Copy Of The Bank Capacity Letter (BCL) Should Be Delivered To (GTBANK) Office Address Above.

 

[4]        Upon Positive Confirmation Of Buyer’s BCL, Seller’s Loaded Vessel Issues Marine ATB To Buyer From Nigerian Waters.

 

[5]        Buyer’s Nominated International Recognized Inspection Agent (SGS/BALTIC CONTROL) Conduct Q &Q On Seller’s Vessel in NIGERIA WATERS OR COTONOU/TOGO WATERS And Send The Q & Q Test Result/Report/Analysis To Both Buyer And Seller’s Bank To Enable Buyer’s Bank Effect Payment For The Entire Product Value through Swift Transfer to Seller and Agents Nominated Bank Accounts as Stipulated in the Signed SPA Contract Within 3 Days Of Conducting Q & Q.

 

[6]        All Relevant Loading Documents Will be handed over to the Buyer When Payment by Swift Transfer Is Confirmed by Seller’s Bank.

 

[7]        Note That the Seller’s Super-Cargo And Buyer’s Super Cargo will remain on board the loaded Vessel Till Payment Is Effected

9. DOCUMENTS:

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.

Some of the documents which, will be handed over to the Buyer after payment are as listed below:

 

(a)       Original bill of lading plus (3) non-negotiable copies.

(b)       Original Commercial Invoices plus (3) non-negotiable copies.

(c)       Certificate of Quality (SGS/Saybolt)

(d)       Certificate of Quantity (SGS/Saybolt)

(e)       Certificate of Country of Origin.

(f)        Cargo Inspection Report.

(g)       Tanker Time Sheet.

(h)       Master’s Receipt of Documents of Samples.

(i)        Cargo Manifest

(j)       Tanker Ullage Report

 

contact us at republic of goergia office

addres:

12 micro rustavi, republic of goergia