13/05/2026
SELLER'S PROCEDURE FOR AGO DOLLAR DEAL TTO LOME TOGO WATERS
1. SELLER ISSUES SALES PURCHASE AGREEMENT. THE BUYER AND THE SELLER SIGN SPA.
THE ELECTRONICALLY SIGNED COPY OF THE SPA BY BOTH PARTIES IS CONSIDERED
LEGALLY BINDING AND ENFORCEABLE.
2. THE BUYER RETURNS THE SIGNED SPA WITH CIS, MATB FORMAT,
SUPERCARGO/INSPECTOR PASSPORT COPY.
3. SELLER SEND CARGO DOCUMENTS TO BUYER FOR CONFIRMATIO.THE BUYER ISSUES PRE-ADVICE OF BANK INSTRUMENT OF BLOCK FUND (MT799) OF $2M BUYER ISSUES BLOCK FUNDS.
4. SELLER CONFIRM THE BLOCKED FUND OF US$2M AND ASK HIS CAPTAIN TO ISSUE
MARINE ATB FOR THE BUYER'S SUPERCARGO, AND THE INSPECTOR TO COME ON
BOARD FOR CONFIRMATION OF THE PRODUCT AND Q&Q ANALYSIS. (IF THE VESSEL IS
NOT CLEARED IN, UPON VESSEL ARRIVAL IN LOME TOGO WATERS 12 TO 10 NUTS, MAKE
ANNOUNCEMENT ON BUYERS NAME AND BUYERS CLEARING AGENTS WILL CLEAR THE
VESSEL)
5. THE BUYER INSPECTION TEAM BOARDS, CONFIRMS PHYSICAL PRODUCT AND BUYER
RELEASES THE BLOCK FUNDS FOR LOGISTICS UPON CONFIRMATION OF PHYSICAL
PRODUCT
6. THE BUYER'S INSPECTOR COLLECTS THE SAMPLE AND DISEMBARKS WHILE THE
SUPERCARGO
REMAINS ON BOARD. THE CAPTAIN ISSUES AN ATTESTATION COUNTERSIGNED BY THE
SUPERCARGO AND THE CAPTAIN. BUYER PLACES MT103/23
7. WITHIN 48/72 HOURS OF THE RECEIPT OF THE ATTESTATION, THE INSPECTORS ISSUE A
REPORT TO BOTH PARTIES ON A SUCCESSFUL Q&Q ANALYSIS.
8. THE BUYER BANK PLACE MT103 AND FULL PAYMENT BY SWIFT WIRE TRANSFER WITHIN
72 HOURS TO THE SELLER, INTERMEDIARY COMPANY AND ALL BROKERS NOMINATED
ACCOUNTS LESS MONEY ALREADY PAID FOR LOGISTICS.
9. THE SELLER CONFIRMS THE FULL PAYMENT AND ISSUES FULL CARGO DOCUMENTS TO
THE BUYER. HANDS OVER THE BUYER TO VESSEL HANDLERS FOR RECHARTER. THE
VESSEL SAILS OUT.
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