BLCO China Tank Farm Delivery

Walenship  temporary accepting the following flexible procedure for BLCO delivery in China Tank  Farm.

This is limited time offer, and you should contact us for any  particular request.

PROCEDURE BLCO PROCEDURE FOR ONSHORE TANK WITH PARTIAL SBLC/BG

 

  1. BUYER ISSUES LOI WITH HIS BUSINESS REGISTRATION AND OR INCORPORATION DOCUMENT AND PASSPORT DATA PAGE
  1. SELLER ISSUES SPA FOR BUYER TO SIGN AND RETURN WITH CIS OF THE ACCOUNT HOLDER THAT WILL ISSUE SBLC/BG. THE SEAL SIGNED CONTRACT IS EXCHANGED BY ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE.
  1. BUYER SENDS DETAILED NOR/ETA/ATB FORMATS AND BUYER BANK PRE-ADVICE TO SELLER’S BANK WITH HIS READINESS TO ISSUE SBLC/BG FOR MINIMUM SUM OF $50 MILLION (IF OVER $100 MILLION, THEN SELLER WILL PROVIDE 2%PB UPON CONFIRMING THE SBLC/BG).
  1. SELLER’S BANK – PREADVICE BUYER’S BANK HIS READINESS TO RECEIVE THE SBLC/BG.
  1. BUYER BANK SENDS SBLC/BG VIA SWIFT MT760 CASH BACKED. SELLER’S NOMINATED BANK RELEASES THE 2% CASH BACKED PB (IF THE INSTRUMENT IS OVER $100M) AFTER RECEIVING AND CONFIRMING BUYER’S MT760 CASH BACKED.
  1. SELLER ISSUES COMPLETE CARGO REASSIGNMENT DOCUMENTS IN FAVOR OF BUYER INCLUDING DTA/CUSTOMS CLEARANCE/TANK ACCESS CODE FOR DIP TEST EXERCISE IN THE ONSHORE TANK FARM IN QINGDAO CHINA. SELLER INSTRUCTS THE TANK FARM MANAGER VIA NNPC TO TAKE BUYER INSPECTORS INTO THE TANK FARM S FOR DIP TEST EXERCISE
  1. BUYER’S INSPECTOR GOES INTO THE TANK FARM FOR DIP TEST EXERCISE
  1. UPON Q&Q /CIQ, BUYER MAKES FINAL PAYMENT VIA SWIFT MT103 PER OUT TURN BARRELS TO THE SELLER AND ALL INTERMEDIARIES IN SEPARATE IMFPA.
  1. CARGO COMMENCES DISCHARGE INTO BUYER’S TANK.

PROCEDURE – BLCO PROCEDURE FOR OFFSHORE TANK WITH MT103/23

  1. BUYER ISSUES LOI WITH HIS BUSINESS REGISTRATION AND OR INCORPORATION DOCUMENT AND PASSPORT DATA PAGE
  1. SELLER ISSUES SPA FOR BUYER TO SIGN AND RETURN WITH CIS OF THE ACCOUNT HOLDER THAT WILL ISSUE MT103/23. THE SEAL SIGNED CONTRACT IS EXCHANGED BY ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE.
  1. BUYER SENDS DETAILED NOR/ETA/ATB FORMATS AND BUYER BANK PRE-ADVICE TO SELLER’S BANK WITH HIS READINESS TO ISSUE A CONDITIONAL PAYMENT FOR THE TOTAL CARGO.
  1. SELLER’S BANK – PREADVICE BUYER’S BANK HIS READINESS TO RECEIVE THE CONDITIONAL PAYMENT.
  1. BUYER BANK SENDS THE CONDITIONAL PAYMENT VIA SWIFT MT103/23.
  1. UPON CONFIRMATION OF THE CONDITIONAL PAYMENT, SELLER ISSUES COMPLETE CARGO REASSIGNMENT DOCUMENTS IN FAVOR OF BUYER INCLUDING DTA/CUSTOMS CLEARANCE/TANK ACCESS CODE FOR DIP TEST EXERCISE IN THE ONSHORE TANK FARM IN QINGDAO CHINA. SELLER INSTRUCTS THE TANK FARM MANAGER VIA NNPC TO TAKE BUYER INSPECTORS INTO THE TANK FARM S FOR DIP TEST EXERCISE
  1. BUYER’S INSPECTOR GOES INTO THE TANK FARM FOR DIP TEST EXERCISE
  1. UPON Q&Q /CIQ, BUYER MAKES FINAL PAYMENT VIA SWIFT MT103 PER OUT TURN BARRELS TO THE SELLER AND ALL INTERMEDIARIES IN SEPARATE IMFPA.
  1. CARGO COMMENCES DISCHARGE INTO BUYER’S TANK.