Blco

PROCEDURE  NON NEGOTIABLE

1. Seller and Buyer sign and seal full Contract with

Banking co-ordinates and deposit same in their respective banks.

2. Seller issues $200,000 Performance Bond in favour of Buyer.

3. Buyer opens an Irrevocable, Divisible, Transferable and

    Confirmable Letter of Credit {L.C} or B.G or

    MT760.

4. Seller issues ATB to Buyer's inspectors for Q&Q OR Seller

    conduct Q&Q analysis and provide

    Inspection Report to Buyer for International confirmation.

5. If vessel is available for re-charter (TTO), Buyer pays the

    Ship owners for Full Vessel Charter and takes it over or

    provides CPA of his receiving vessel (TTT) and transshipment

    takes place.

6. Upon the release of inspection report either by seller or

    Buyer's independent inspection agents, TTT is affected.

7. All cargo documents are presented to Buyer/Buyer's vessels

    captain.

8. Upon completion of T.T.T into Buyer's vessel, payment is

    made by out-turn barrel by swift Telegraphic Wire Transfer

    immediately to seller Account and all intermediaries.