Description
OPERATION PROCEDURES
1. Buyer issues LOI a profile of his company, copy of a
passport & BCL.
2. Buyer Issues ICPO with Seller’s company information.
3. Seller issues Draft contract to Buyer and Buyer signs and
send to Seller by Email. Sellers countersigns and complete all the
codes in contract and send to Buyer in PDF format by email and both
lodge in respective banks.
4. Seller and Buyer borne the British Government Inland Tax
Revenue (0.*5 USD per Metric Ton) According to the Federal law No.
*****1 of ***2, amendment of ***8 and Seller bears the
responsibilities to legalize the Hard Copies of Draft of Contract
to the ministry of Energy and Justice before full Proceding.
5. Seller shall organize shipping and provide following info
to Buyer
•Details of loading port
•Schedule of loading dates
•Details of Vessel & Charter party / Shipping
Company
•ETA (Estimated Date of Arrival) at Destination Port.
6. Buyer shall provide details of their Shipping Agent at
destination Port and booking confirmation of SGS at loading port
(Optional) & SGS / CIQ at discharge port inspection as per
scheduled shipping Info.
7. Seller shall commence loading quantity in vessels / tankers
and ship to destination port as per schedules and submit shipping
documents (As listed) to Buyer bank for payment through Seller
bank.
8. Buyer bank releases payments to Seller bank against receipt
of all the above shipping documents of Trial quantity in 2 days
from date of receipt by TT / wire transfer.
9. Seller continues loading vessels / tankers & shipping
to Destination Port, and keep submit shipping documents for payment
to Buyer bank through Seller bank against the issued bank
instrument listed above and Buyer bank keeps releasing payment
against submitted shipping documents in (2) banking day by TT/ wire
transfer to Seller Bank.
*0. Commissions will be paid by seller as and when payment
takes place from Buyer timely as per IMFPA attached in
contract.
PLEASE LET ME KNOW IF YOU HAVE ANY REAL BUYER.
