28/07/2026
OUR SELLING OFFER FOR AGO TANK FARM DELIVERY WITH UPFRONT 2%PB.
Price:
LAGOS: ₦950 less 2 per liters.
Quantity: 10kmt to 20kmt per Shipment.
Spec. : EN590 10PPM.
Location: Lagos waters.
Terms: Tank Farm Delivery.
*AGO TANK FARM DELIVERY PROCEDURE NIGERIAN WATERS.*
1. Seller issues his SPA to buyer.
2. Buyer and Seller sign and seal the Sales and Purchase Agreement including full Banking co-ordinates. Buyer returns SPA with a comprehensive NOR format, Throughput Agreement, inspector details. The electronically signed documents bear the same force and function as the original, and is legally binding.
3. Seller issues to buyer his nominated account detail to receive the Bank Guarantee.
4. Buyer's Bank pre-advice Seller's nominated Bank of its willingness and readiness to issue a Bank Guarantee for ₦3 Billion Naira.
5. Seller's nominated Bank Place an Advance Payment Guarantee (APG) of 2% performance bond to buyer, against non performance.
6. Buyer's Bank issues Bank Guarantee for ₦3 Billion Naira, valued for 90 days.
7. Seller nominates a loaded cargo and instructs it's vessel Captain to issue NOR/ETA and cargo documents to Buyer's tankfarm.
8. Buyer's Tank Farm manager acknowledges the recept of the NOR/ETA, and readiness to receive the product.
9. Seller move loaded shuttle vessel to buyers tank farm jetty and give NOA, and Buyer does it's Inward clearance and clears in the vessel to the jetty.
NOTE: Seller shall issue Clearance documents for the cargo to Buyer's tank farm manager before arriving the tank farm jetty.
10. Seller takes buyer's inspection team on board for Q&Q to be conducted.
11. Upon successful Q&Q, buyer pays 50% of the total cargo to seller, and seller instruct his Captain to discharge the product into buyer's tankfarm immediately.
12. Seller issues Payment Invoice to Buyer, and Buyert makes balance payments for the entire product to seller and all facilitators account via wire transfer within 72 hours after Discharge.
13. Seller issues and Cargo documents in Buyer's name to Buyer.
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