Bonney Light Crude Oil FULL PROCEDURE FOR DELIVERY TO ANY SAFE WORLD PORT 1. Seller issues SPA while the Buyer signs and returns with international passport, company registration certificate, CIS, ATB/NOR/ETA Format, Shipping Agent info and proof of fund (POF). Seller sends his company's registration certificate and international passport. 2a. BANKING PROCESS: Buyerâ??s prime Bank issue Pre-Advice via MT799 stating RWA to issue DLC. 2b. Seller's nominated bank responds and issues NON-OPERATIVE 2% performance bond to buyer's bank. 3 Buyerâ??s bank issues genuine DLC via MT700 for full cargo valid for duration of the contract (366 days) while seller confirms the SBLC and pays 2% as bond to buyer. 4. Seller charter & loads exclusive vessels, issues full set of vessel documents to the Buyer in the name of Buyer as the Consignee of record and authorizes Vessel Captain to move vessel to Buyerâ??s port of discharge with periodic NOR/ETA to the Buyer and Buyerâ??s Discharge Harbor/Tank Agent. 5. At the Buyer's discharge port, Buyer clears the vessel and pay port & custom charges while the Captain Issues Authority To Board (ATB) to enable Buyerâ??s independent inspectors to perform Q/Q at mutually agreed location. 6. Upon successful conclusion of Q/Q analysis, inspectors release report to both parties while Seller Issue Commercial Invoice to the Buyer with exact Q/Q report figures. 7. Buyer releases full payment for cargo to Seller's nominated bank within 72 hours after inspection against Q/Q Report, Commercial Invoice and original Cargo Documents by MT-103 (cash wire). 8. Seller confirms payment & authorizes Captain to discharge cargo into Buyer's storage tank. 9. Seller pays commission to all agents involved in the transaction per the contract. 10. Seller commence subsequent shipments on simple DIP/CI/PAY basis at Buyer's Port of Discharge. [3:54 AM, 5/6/2022] Divine Igwel: Seller's company name: King David Global Cooperation.