PROCEDURES. 1.BUYER AND SELLER SIGN SPA WITH
BOTH BANKING DETAILS AND DEPOSIT
TO THEIR RESPECTIVE BANKS. 2. SELLER ALLOWS BUYER SUPERCARGO
ON BOARD FOR VERIFICATION. UPON
SUCCESSFUL VERIFICATION OF
CARGO, BUYER PLACES LC. 3.SELLER’S VESSEL SAILS TO COTONOU
(WEST AFRICAN COAST) INTERNATIONAL WATERS, ISSUES
MARINE ATB TO BUYER’S INSPECTORS
ACCORDING TO BUYER’S SPECIFICATIONS. 4.BUYER’S INSPECTORS CONDUCT Q&Q. 5. UPON SUCCESSFUL Q & Q, SELLER
ASSIST BUYER PLACE FULL CHARTER ON
THE LOADED VESSEL. 6. PAYMENT IS RELEASED BY KTT (SWIFT
TRANSFER) AFTER SATISFACTORY Q&Q
REPORT AND UPON PRESENTATION OF
THE TRANSACTION DOCUMENTS AT
BUYER’S BANK.
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