Fatty acid methyl ester is a kind of yellowish liquid chemical, it is named as biodiesel.
Biodiesel is diesel fuel made from used cooking oil. It's safe, biodegradable, and produces less air pollutants than petroleum-based diesel. Biodiesel can be used in its pure form (B100) or blended with petroleum diesel.
1) Pure Refined Sunflower Oil (RFSO). Packed in bottles of: 0.5/0.9/1.5/3.0/4.5 Liters.
2) Mixed Refined Sunflower and Soybean Oil. Packed in bottles of: 0.9/4.5 Liters.
Please consider our suppliers only accept letter of credit as payment method, in case you are interestedkindly contact us detailing:
A) Product B) Quantity C) Incoterm D) Shipment period Awaiting your comments, many
thanks in advance.
Best regards.
1.Buyer and Seller sign SPA. Buyer returns signed SPA to Seller with MATB Format. Both parties lodge the contract in their respective banks.
2. BUYER's BANK ISSUE FIVE HUNDRED MILLION NAIRA (N500,000,000.00) BLOCKED FUNDS TO SELLER'S FIDUCIARY AGENT ACCOUNT. SELLER CONFIRMS THE FIVE HUNDRED MILLION NAIRA (N500,000,000.00) BLOCKED FUNDS, AND THEN instructs his loaded Vessel Captain to issue NOR/ETA to Buyer AND VESSEL sails to GHANA WATERS for Q & Q.
3. Vessel arrives GHANA WATERS for Q & Q, and Vessel Master MAKES ANNOUNCEMENT TO BUYER. Buyerâ??s Shipping Agent clears the VESSEL INTO 10-12NM Tema, GHANA Waters. Captain issues MATB to Buyer, and Buyer boards his Supercargo and Inspector on the LOADED vessel at his own COST.
4. After successful Q & Q, BUYER PAYS TWO MILLION US DOLLARS (USD2M) CASH TO SELLER'S ACCOUNT, FOR LOGISTICS AND DOCUMENTATION IN BUYER'S NAME, within TWENTY FOUR (24) HOURS, AFTER Q AND Q RESULT.
5. BUYERâ??S BANK SWIFT A DIVISIBLE, TRANSFERABLE, ASSIGNABLE, IRREVOCABLE, CASH-BACKED MT103 TO SELLERâ??S ACCOUNT FOR THE TOTAL CARGO COST, LESS THE TWO MILLION US DOLLARS ( USD2M) EARLIER PAID BY THE BUYER TO THE SELLER, FOR THE LOGISTICS AND DOCUMENTATION IN BUYER'S NAME.
6. Seller GIVES soft copies OF CARGO DOCUMENTS to the Buyer.
7. Seller introduces BUYER TO Vessel Owners/Operators/Agents for re-chartering of the vessel by Buyer.
8. Payments are then made for the total cargo COST, less the TWO MILLION US DOLLARS (USD2M) EARLIER PAID TO THE SELLER, AND all commissions by Swift Wire or TT Transfer directly to Sellerâ??s nominated bank account. Commissions are also paid simultaneously to the Agents/FACILITATORSâ?? accounts.
9. Seller and AGENTS/FACILITATORS confirm payments, and Seller gives Buyer original of all loading documents, and allows vessel to sail to Buyer's final Port Of Discharge
