AGO PROCEDURE

 NOTE: THIS IS A ONE OFF OFFER.

AGO PROCEDURE

 

1) BUYER SIGNS CONTRACT AND RETURN IT WITH ATB FORMAT, NNPC ACCREDITED SUPERCARGO  DETAILS AND ID. THE ELECTRONICALLY SIGNED DOCUMENTS BEAR THE SAME FORCE AND FUNCTION AS THE ORIGINAL AND IS LEGALLY BINDING. 

2) BUYER’S BANK ISSUE BANK DRAFT OF N10 MILLION NAIRA )TEN MILLION NAIRA) WITH VALIDITY OF 30 BANKING DAYS AND SENDS SCANNED COPY VIA BANK EMAIL TO SELLER SELLER FIDUCIARY BANK FOR CONFIRMATION.

3) UPON CONFIRMATION OF THE DRAFT,  SELLER ISSUES MATB AND CLEARANCE AND BUYER’S SUPERCARGO AND INSPECTOR BOARD AT BUYER EXPENSE.

4) SUPERCARGO CONFIRMS PRODUCT, ATTESTATION IS RECEIVED AND INSPECTOR COMES DOWN WITH SAMPLE .

5) WITHIN TWENTY-FOUR (24) HOURS AFTER BUYER’S INSPECTOR COMES DOWN WITH SAMPLE, AND ATTESTATION IS RECEIVED, BUYER SHALL INSTRUCT ITS BANK TO IMMEDIATELY MAKE A DEDUCTIBLE PAYMENT OF N200,000,000.00 (TWO HUNDRED MILLION NAIRA ONLY) VIA TT-CASH TO SELLER’S BANK ACCOUNT COVERING THE COST OF VESSEL LOGISTICS AND CARGO DOCUMENTATION.

*IF BUYER PREFERS TO DO QNQ OUTSIDE NIGERIAN WATERS*; AFTER ATTESTATION IN NIGERIAN WATER, BUYER PLACES BG FOR TOTAL CARGO. SELLER THEN MOVES CARGO TO Q&Q POINT. UPON ARRIVAL IN COTONOU/LOME/GHANA WATER, SELLER MAKES ANNOUNCEMENT IN BUYER’S NAME AND ISSUES MARINE CLEARANCE AND MATB, BUYER’S INSPECTOR COMES DOWN WITH PRODUCT SAMPLE.

IF TTT;  AFTER ATTESTATION, BOTH VESSELS OPEN COMMUNICATION, THEN MOVE TO AGREED STS POINT; LONGSIDE AND TIE-UP READY FOR TRANSHIPMENT, THEN BUYER PAYS 50% CASH OF TOTAL CARGO TO SELLER.

6) UPON SUCCESSFUL Q & Q GENERALLY, BUYER MAKES FULL PAYMENT TO SELLER LESS ALL LOGISTICS INCURRED INITIALLY, DEPENDING ON THE CASE. IF ON TTT, BUYER PAYS FOR THE REMAINING 50% OF THE TOTAL CARGO UPON TRANSHIPMENT..

7) SELLER ISSUES CARGO DOCUMENTS IN BUYER’S NAME AND BUYER TAKES OVER THE CARGO OR TRANSHIPMENT HAS BEEN DONE ALREADY