operational procedure (cif rotterdam 100% at sight
discount $ 8 net buyer)


1. contract & logistics: both parties sign the spa. a duly licensed fiduciary is appointed as paymaster. seller mobilizes the vessel (transmits cpa, q88, and eta to bonny).

2. financial guarantee (dlc): upon receipt of vessel documents, buyer issues a 100% irrevocable, confirmed dlc to the fiduciary s bank.

3. loading & transit: seller provides ppop. vessel loads, issues the bill of lading (bl), and sails to rotterdam. seller provides regular eta updates.

4. arrival & final settlement (100%): vessel arrives at rotterdam. a final and binding q&q inspection is conducted by sgs/saybolt. upon presentation of the final shipping documents and successful q&q, buyer releases 100% of the dlc value at sight. the fiduciary distributes all funds, commissions, and transfers the title of ownership
nb : do not confuse the opening of the dlc with its payment.

the dlc must be opened/issued by their bank as soon as the ship s documents (q88) and the ats are provided, prior to the ship s departure. this is our guarantee for crossing the ocean. we don t sail without a safety net.

however, the dlc will be paid/settled in full upon presentation after arrival in rotterdam, upon presentation of the b/l and the final q&q.

Packaging : CIF AWSP

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