28/02/2025
COMMODITY AVAILABLE FOR SALE.
PRODUCT: Automotive Gas Oil (AGO) – EN590 /10PPM
SPECIFICATIONS: As per the attached test results
QUANTITY: 100,000 Metric Tons
LITRES: Computation shall be 1,164 litres per metric ton
DELIVERY: Tanker Take Over (TTO), Lomé Port, Togo
PRICE: $710 less 10 per MT (Intermediaries’ Commission).
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*TRANSACTION PROCEDURE (TANKER TAKEOVER - TTO LOME WATER)*
1. Buyer provides proof of funds (POF), to establish capacity .
2. Seller issues Sales and Purchase Agreement (SPA), with vessel details.
3. Buyer signs & returns the SPA along with an Authority to Board (ATB) request, including details of the inspector, supercargo, and shipping agent.
3. Seller releases five (5) key transaction documents to the Buyer. The Buyer confirms receipt.
4. Vessel arrives Lome, and Seller issues a Letter of Authorization (LOA) for the Buyer’s inspectors to board the vessel.
5. BUYER'S INSPECTION TEAM boards the vessel, conducts quantity & quality (Q & Q) verification, and signs an attestation with the vessel captain.
6. Buyer's Supercargo remains onboard, while the inspector collects samples and disembarks.
7. Buyer releases USD 2,000,000 into the Seller’s account for logistics and documentation.
8. BOTH PARTIES receive the final Q & Q test results.
9. BUYER makes the full payment via MT103, deducting the amount already paid for logistics.
10. Next transaction.
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INSPECTION & TITLE TRANSFER
The quantity and quality of the product shall be determined by a recognized surveyor/inspector appointed by the Buyer, who will conduct standard measuring, sampling, and testing procedures.
Title of the cargo shall pass to the Buyer immediately after final payment is received.