This is our TTT procedure for all prospective facilitators, mandates and buyers. Kindly go through thoroughly and send us a full details of what you really want, please when sending us your request kindly quote the procedure you selected from our website for better clarification. See below....
APPROVED TTT PROCEDURE WITH PB (Performance Bond) Option 1
1. Seller provides the Buyer with draft contract by e-mail.
2. After terms are agreed Seller signs and seals the contract and dispatches to the Buyer in form of email.
3. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail.
4. Buyer and Seller deposit same at their respective Banks.
5. Buyer's bank contacts Seller's bank by Swift 199/799 for familiarization.
6. Seller's bank responds by Swift 199/799.
7. Buyer's bank within three banking days confirms by SWIFT to Seller’s Bank a Non-Operative Irrevocable Transferable, Divisible and Confirmed SBLC in favor of the seller.
8. Buyer places a payment order (LC) to all Agents and Brokers.
9. Seller places PB in favor of buyer to activate the SBLC/BG.
10. Buyer sends valid vessel details to seller.
11. Seller’s vessel master contacts buyer’s vessel master and agree on Transshipment point.
12. Transshipment takes place.
13. Payment is made simultaneously by TT within three days after Q and Q to seller and all Agents/Brokers respectively upon buyer’s confirmation of all necessary documents.
APPROVED TTT PROCEDURE Option 2
1. Seller provides the Buyer with draft contract by e-mail.
2. After terms are agreed Seller signs and seals the contract and dispatches to the Buyer in form of email.
3. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail.
4. Buyer and Seller deposit same at their respective Banks.
5. Buyer's bank issues a Performance Guarantee of One Million Dollar to seller's bank.
6. Buyer communicates seller with complete vessel details.
7. Seller's vessel master contacts buyer's vessel master and agree on Transshipment Point
8. Buyer's bank within three banking days confirms by SWIFT to Seller’s Bank an Operative Irrevocable Transferable, Divisible and Confirmed SBLC in favor of the seller.
9. Buyer places a payment order (LC) to all Agents and Brokers.
10. The Two Vessels Longside and Transshipment takes place.
11. Payment is made simultaneously by TT within three days after Q and Q to seller and all Agents/Brokers respectively upon buyer’s confirmation of all necessary documents.
Having gone through this procedure and you agree to the terms, kindly sends us a LETTER OF INTENT or give us a full details of what you really want so we can proceed immediately.
Email: crudeoilliners@gmail.com, crudeoiltransnational@gmail.com
