PROCEDURE ON TTO

ibexenergyresource@gmail.comPROCEDURE FOR (TTO)
1. BUYER WRITE LETTER OF INTENT STATING THE QUANTITY TO BE PURCHASED.
2. SELLER GIVES OFFER AND ACCEPTANCE FOLLOWS.
3. BUYERS SIGN SPA AND RETURN WITH POF IN FORM OF RWA/MT760/LC BY OFFICIAL BANK KEY TESTED AND APPROVED SWIFT.
4. SELLER LOAD VESSEL AND ISSUES MARINE ATB .
5. THE PRODUCT WILL BE RE-ASSIGNED AND CARGO BEEN OFFICIALLY PROGRAMMED IN BUYER'S NAME TO REFLECT ON THE LIFTING SCREEN NETWORK SYSTEM FOR BUYER CONFIRMATION AS THE CONSIGNEE OF THE CARGO.
UPON CONFIRMATION OF ATB BUYER BOARDS THE SUPERCARGO INSPECTOR AND FOR Q&Q FOR INSPECTION
BUYER PERFECT THE CHARTER PARTY AGREEMENT AND RELEASED THE FULL PAYMENT OF THE CARGO BY BANK TESTED TELEX/TRANSFER
VESSEL SAIL TO BUYER DESTINATION