Stone N Ltd

Company Description

Hello sir/madamwe are sellers of BLCO.AQUA OIL,FORCARDOS OIL AND WITH GOOD DICSOUNT.PROCEDUREPROCEDURES a)Seller and buyer signs sales and Purchase Agreement with Banking Co-ordinatesb)Seller will send by swift to the buyer?s Bank a full POP that will include Certificate of Allocation for buyer?s verification. Please note the Seller will not give POP to the buyer mandate or buyer directly but will send it to the Buyer?s Bank where the buyer or mandate will go and collect it for verification.c) After verifiction by the Buyer, Buyer Bank will write to Seller confirming if the Seller will give them 2% PB after they place LC and Seller Bank will respond with a Guarantee that Seller will give Buyer 2% PB after Buyer has place NON OPERATIVE LC.d) Buyer place non- operative letter of credit (SBLC) or DLC to seller?s bank, upon confirmation of the instrument in favor seller, Seller will respond with 2% PB that will activate Buyer LC, Sellers Nominate vessel, arrange or program vessel for loading, after loading, seller moves vessel to Nigerian waters or Togo/Cotonu international waters, seller shall issue ATB to buyer?s inspectors for Q&Q analysis by buyer?s independent inspectors on buyer?s account, upon successful completion of Q&Q, buyer shall issue MT 103 in favor of seller covering the cost of cargo and commissions.e)Cargo is then re-assigned to buyer name and revised cpa issued/ buyer take over vessel. f)Seller sends necessary cargo documents to the buyer?s bank for confirmation.g)Buyer pays by swift transfer to seller?s bank and commissions within two banking days.f) Seller confirms payments vessel sails.