PROCEDURE OFFSHORE: (1) Seller issues SPA contract (2) Buyer signs SPA and returns with his complete banking details along with his NOR FORMAT. (3) Buyer issue N100m bank Guarantee in favour of Seller Nominated Fiduciary Account (4) Seller confirm instrument and instruct Captain to issue NOR/ETA. (5) Buyer Storage Facility acknowledge NOR/ETA and confirm readiness to receive product (6) vessel moves into Buyer Storage facility, upon arrival issue NOTICE OF ARRIVAL and MARINE AUTHORITY TO BOARD at buyer Receiving facility. (7) Buyer term board for Q/Q and Physical Product Confirmation. (8) after QnQ discharge commence. (9) Upon discharge completion and receipts of Commercial invoice buyer make full payment to seller via SWIFT TRANSFER and also to all intermediaries. (9) Seller release all original documents to the buyer. Show More