BLCO BLCO NIGERIA

RFQ Description

PROCEDURES FOR DIP AND PAY/ PAYMENT INSTRUMENT: NOMINATIONS, SHIPMENT & PROCEDURES DIP AND PAY T.T.O ROTTARDAM/CHINA NB: this procedure is non-negotiable 1. BUYER AND SELLER SIGN CONTRACT (THIS AGREEMENT). SELLER AND BUYER SEND THEIR CONFIRMED SEALED SPA TO THEIR RESPECTIVE BANKS, BUYER RETURNS SPA WITH MARINE A.T.B FORMAT. 2) SELLER SHALL PROVIDES CARGO DOCUMENTS AS PROOF OF PRODUCT AND BUYER RESPONDS BY SENDING PROOF OF FUNDS OR A BANK ENDORSED ICPO. SELLER ALLOW BUYER INSPECTORS TO GO ON BOARD TO DO THE INSPECTION QUALITY AND QUANTITY. 3) BUYER AFTER SUCCESSFUL INSPECTION WILL SEND THE INSPECTION REPORT TO THE SELLER. SELLER WILL ISSUE THE CI TO THE BUYER. BUYER MAKE PAYMENT BY CASH WIRE TRANSFER VIA MT103 NOT WITHIN 24 HOURS AFTER Q&Q RESULT IS OUT. IN THE MEAN TIME, THE BUYER WILL PAY THE INTERMEDIARIES, FACILITATORS, AND MANDATE WITHIN 72 HOURS. 4) BUYER AFTER THE FIRST SUCCESSFUL TRANSACTION WILL PLACE NO MORE LONGER THAN FIVE BUSINESS DAY THE SBLC /BLOCK FUND MT799 OR MT760 TO GUARANTEE THE MONTHLY DELIVERIES FROM HIS WORLD TOP PRIME BANK DURING THE ELEVEN NEXT MONTHS OF CONTRACT. List of the documents to be provided o Clean Ocean Bill of Lading, One (1) Original and Three (3) Copies o Seller's Commercial Invoice, One (1) Original and Three (3) Copies o Certificate of Origin issued by NNPC, One (1) Original and Three (3) Copies NNPC o Certificate of Authenticity issued by NNPC, One (1) Original and Three (3) Copies NNPC o Certificate of Ownership (Title) o Cargo Manifest, One (1) Original and Three (3) Copies o Certificate of Quality, One (1) Original and Three (3) Copies o Certificate of Quantity, One (1) Original and Three (3) Copies o Master's Receipt for Samples o Master's Receipt for Documents o Tanker Ullage Report o Discharge Receipts o Cargo Inspection Report o Tanker Time Sheet o NNPC Authority to Sell (ATS)NNPC/LIFT PERMIT o Export Clearance Permit (NPA waiver, Custom Clearance Certificate etc.) o Marine Insurance Certificate o Charter Party Agreement o Q88 o Other relevant documents related to the cargo 2M barils père month x 12