TRANSACTION: TTO/ TFD
INSTRUMENT: SBLC
PRICE: $750/ 10
TRANSACTION PROCEDURE
TTO LOME/ TFD
1.SELLER ISSUES SPA WITH PPOP TO BUYER,BUYER SIGNS AND RETURN WITH SUPERCARGO AND INSPECTOR DETAILS,WITH TANKS FARM DETAILS AND NOR ,ATB FORMART
2.BUYER ISSUES STANDBY LETTER OF CREDIT (SBLC) TOTAL CARGO
3.UPON COMFIRMATION OF THE SBLC MT760,VESSEL SAIL TO PORT OF DESTINATION AND PRESENT SHIPPING DOCUMENTS TO BUYER
4.UPON ARRIVAL AT TOGO OR GHANA WATERS BUYERS SUPERCARGO AND INSPECTOR BOARDS VESSEL AND TAKE SAMPLE FOR Q&Q
5.UPON SUCCESSFUL Q&Q THE BUYERS SBLC TURNS TO CASH ALL AGENTS AND FACILITATORS ARE PAID
6.SELLER RELEASE ALL DOCUMENTS TO BUYER AND INTRODUCE BUYER TO VESSEL HANDLER
7.BUYER TAKES OVER VESSEL AND SAIL TO HIS DESTINATION
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