I am direct to a Bonny Light Crude Oil (BLCO) seller, no long chain facilitators, and he suppliers on TTT basis. Buyers facilitators and brokers should stop talking about proceedure that are irrelevant like 2% performers bond and a loaded vessel, for no resonable person will load a vessel before looking for buyers. My sellers procedures are very flexible thus: 1. Buyer give her vessel details, and a promisary note from their bank to seller, 2. Seller issues NOR to buyer
3. The two vessels long side and tie
4. Seller issues ATB to buyer
5. Q & Q is done by buyers nominated inspector
6. A banking instrument by buyer is put in place after supercargo is put on board
7. Transhipment is done. 8. Payment by buyer follows
9. Documentation is done and Vessel particulars are released to buyer and. This is the bust deal any buyer can hope for.
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