TRANSACTION: CIF DISCOUNT: $13/4 INSTRUMENT: BLOCKED FUNDS PROCEDURE FOR SPAIN CIF 1) Seller issue SPA ,Buyer sign and return the SPA with details of inspection team 2A) Seller Provide Partial POP to buyer. 2B) Buyer confirm the Partial POP (Q88 excluded) andBLOCK FUND $25million into the NNPC direct account or give SBLC 3) NNPC issues […]
TRANSACTION: TTT CALL AND LOAD BUDGET: N570/5
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 […]