TRANSACTION: TTO/TTT/TFD
BUYER’S COMMITMENT BEFORE BOARDING: $50,000
TRANSACTION MUST BE AGENT TO AGENT (SHIPPING AGENTS)
PROCEDURE:TTO/TTT/TFD
1) Seller and buyer sign SPA
2) Buyer submit ATB format
3) Seller provide the buyer the vessel tracking details
4) Seller introduces the shipping agent to the buyer
5) Seller clears the vessel and issues MATB and local clearance to the buyer’s team. Buyer does a deposit of $50,000 to seller agent as commitment fee to shipping agent in the presence of the seller/Buyer representative
6) Buyer boards his supercargo and Inspector
7) Inspector comes down with sample while Supercargo remains on board
8) Upon confirmation of product on board, Buyer will release $1M as logistics less deposit of $50,000, within 48hrs
9) Buyer confirms quality and quantity of the product
10) Upon confirming Q&Q analysis, buyer pays total cargo via Mt 103 less $1,000,000 dollars,and pays all facilitators commission.
11) Tran-shipment takes place .
END OF TRANSACTION NEXT TRANSACTION.
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