TRANSACTION: TTO
INSTRUMENT: BG/ BF OR SBLC
PRICE: $720/10 OR N720/2
PPOP DOCUMENTS AVAILABLE:
1.AUTHORITY TO SELL
2.CARGO MANIFEST
3.CERTIFICATE OF ORIGIN
4.MASTER’S RECEIPT FOR SAMPLES
5.CERTIFICATE OF AUTHENTICITY
6.BILL OF LADING
PROCEDURE
1.Seller and Buyer Zoom / google meet call & then sign and seal SPA and deposit same with their respective banks.
2.Buyer returns signed SPA to Seller along with ATB Format and Tugboat details.
3.Seller sends the listed PPOP documents to Buyer, Buyer’s Bank issues payment notification of $1,000,000 to Seller’s Bank upon Confirmation of Product and QNQ Report.
4.Seller’s captain issues MATB and Clearance and Buyer Inspection Team confirm Product. Upon Attestation and QNQ Report, Buyer’s Bank pays $1,000,000 cash to Seller’s Bank while Buyer Supercargo remains onboard.
5.Seller issues Commercial Invoice and Buyer pays for Total Cargo via MT103 SwiftbTransfer less $1 Million and pays all commissions to intermediaries.
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