17/11/2025
PROCEDURES FOR BLCO TTO IN GHANA waters or lome
WATERS TRANSACTION: FOR 2MILLION BARRELS.
1. SELLER SENDS SPA TO THE BUYER WHO SIGNS AND RETURNS WITH HIS ATB FORMAT, TUG BOAT, SHIPPING AGENT WITH SUPERCARGO AND INSPECTOR DETAIL
2. BUYER ISSUES POF FOR TOTAL (AO TO AO) OR $2M BLOCKED FUNDS, BANK GUARANTY, BCL, BAL, SELLER CONFIRMS POF/INSTRUMENT AND ISSUES ATB & CLEARANCE ALONG WITH PPOP DOCUMENTS TO BUYERS SHIPPING AGENT AND BUYER
3. SELLER BOARDS BUYERS CREW AT 12NM FOR QNQ (STRICTLY NO ANNOUNCEMENT AND NO ANCHORAGE CLEARANCE)
4. SELLER THEN TAKES THE INSPECTION TEAM ON BOARD FOR PHYSICAL CONFIRMATION AND Q&Q ANALYSIS BUYER PAYS $1,000,000.00 USD FOR LOGISTICS AND DOCUMENTATION.
5. UPON Q&Q RESULT COMING POSITIVE, SELLER ISSUES ALL THE CARGO DOCUMENTS AND HIS COMMERCIAL INVOICE IN BUYER'S NAME TO BE PAID VIA MT 103 LESS 1,000.000,00 USD SIMULTANEOUSLY, SELLER PAYS ALL COMMISSIONS TO ALL INTERMEDIARIES WITHIN 24 HOURS.
6. SELLER CONFIRMS PAYMENT AND HANDOVER COMPLETE CARGO DOCUMENTS TO BUYER AND INTRODUCE BUYER TO VESSEL BY HANDLER FOR DISCHARGE OR RECHARTER.
7. NEXT SHIPMENT COMMENCE