TTO Procedure

1.) Seller and Buyer signs sales and Purchase Agreement (S.P.A) and deposit same with their respective banks.

2.) Seller releases Proof of Product to buyer for confirmation.(You can even talk to the captain)

3.) Seller places IBPU for $150,000 for boarding permits, personnel marine insurances, loading documents, and Security clearances. IBPU will indicate no cashing until Q&Q is completed. IBPU will be sent to the Sellers bank.

4.) Seller confirms the IBPU and Sponsor/Financier pays all monies required for boarding and documentation, and Security clearances.

5.) Seller boards Super Cargo and Inspector.

6.). After Q&Q Seller cashes the IBPU to refund to Sponsor/Financier.

7.) Buyer places the full payment instrument together with agents/facilitators commissions on the cargo.

8.) Seller then confirms payment instrument and releases all shipping documents for tanker take-over.

9.) . Buyer’s Vessel is cleared out of Nigerian offshore and sails to final port.