Chimezie Umesi’s Post

*🌐 Bonny Light Crude Oil - CIF Any Safe World Port; With 2%PB and NNPCL Allocation ATS available. This is from a tested performing seller. Price discount: $11-4 (You're on seller's side at $0.30cent)* ------ September 2024©️ *☑️Discharge Port: ASWP - Any Safe World Port* *☑️Price Discount:* $11-4|| Commission Size: $4.00 Commission Split: $2.00 each to buyer's side and seller's side Net to buyer: $7 *☑️You Have Commission On Seller's Side*: You have 30cent on seller's side of the commission split; and buyer's side is 100 percent untouched *☑️My Position*: I'm the official seller's mandate and I speak directly with seller. Thus, there'll be smooth, unadulterated communication and faster transaction *☑️Full Procedure For BLCO CIF Delivery To Any Safe World Port* 1️⃣. Seller issues SPA while the Buyer signs and returns with international passport, company registration certificate, CIS, ATB/NOR/ETA Format and Shipping Agent info. 2️⃣a. BANKING PROCESS: Buyer’s prime Bank issues Pre-Advice via MT799 stating RWA to issue SBLC MT760 2️⃣b. Seller's nominated bank responds stating readiness to receive the SBLC MT760 and willingness to issue two percent performance bond on confirmation of the instrument. *Seller also at this stage sends his NNPC allocation ATS letter* 3️⃣ Buyer’s bank issues genuine SBLC via MT760 for full cargo valid for duration of the contract (366 days) while seller confirms the SBLC, *and issues two percent performance bond to buyer's bank* 4️⃣. Seller reassigns the cargo or 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 Buyer’s port of discharge with periodic NOR/ETA to the Buyer and Buyer’s Discharge Harbor/Tank Agent. 5️⃣. 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 Buyer’s independent inspectors to perform Q/Q at mutually agreed location. 6️⃣. 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. 7️⃣. 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). 8️⃣. Seller confirms payment & authorizes Captain to discharge cargo into Buyer’s storage tank. 9️⃣. Seller pays commission to all agents involved in the transaction per the contract. 🔟. Seller commence subsequent shipments on simple DIP/CI/PAY basis at Buyer’s Port of Discharge. *Kindly request for the SPA only if buyer has accepted the full procedure*

For your import transactions, if you need LC, SBLC and or BG i can arrange from trusted providers. These are issued from top banks in HK, Singapore and Malaysia and from few unrated banks from Europe. Commodity covering wide sector such as Petroleum products, engineering products, commodities and metals. Please note that this service offered by the provider will be a helpful tool to improve your business. The usage of the instrument is the sole responsibility of the beneficiary. Upfront Payment of issuing fee is a must for the success of these transactions. The issuing fee will be demanded after following few steps and procedures. If the beneficiary is not interested, they can withdraw at any time, before requesting for final swift. Swift will be issued on payment of the agreed fees.

Why is a Deed of Agreement (DOA) part of a working procedures in a sugar or commodity transaction? DOA is a legally binding document that outlines the terms and conditions agreed upon by the buyer, seller, and especially when a financier is involved at the Seller side. A Seller would want a Buyer to sign a DOA, along with all stakeholders in a transaction due to the following reasons: 1) Buyer signs the DOA to formalize their commitment to purchase the commodity under the agreed terms. It ensures that the buyer is legally bound to the conditions of the trade, including payment terms, delivery schedule, and quality specifications. 2) Buyer’s Bank signs the DOA to guarantee the payment. This adds a layer of security for the seller, confirming that the buyer has the financial backing to complete the transaction. The bank's involvement ensures that the buyer’s financial obligations will be met, through SBLC for example. 3) Seller signs the DOA to confirm their agreement to deliver the commodity as per the stipulated terms. It binds the seller to supply the commodity in the agreed quantity, quality, and timeframe. 4) The seller's financier, often a company together with their bank, sign the DOA to provide assurance that the seller has their financial support to fulfill their obligations. This could involve pre-shipment financing or ensuring the seller has the necessary funds to produce or procure the commodity. The DOA provides a clear framework for the transaction, detailing the responsibilities and expectations of all parties involved. This reduces the risk of misunderstandings or disputes, ensuring a smoother and more secure trade process. www.capfixasia.com #RJ #Sugar #DOA #CapFiX #Agricommodity #HealthcarePPE

Most Seller mandates never provide 1. Refinery name 2. Spot Vessels NO IMO 3. NO POP asking TSR, Blocked fund, Bank guarantee, issue SBLC 4. Tank farm location 5. TTO without POP asking deposit ? IF only provide by mouth, how can you approach the buyer? Have you done any due diligence, or do you believe anyone who says they can supply it? How do you know your supplier not a scammmer? Why you can’t let buyer due diligence, verify the stock? if you don’t have connection with seller, how can you be there seller mandate? Afraid they find your seller? Seller will not discuss the payment term, buyer MUST follow and make payment, deposit without any proof and verify? If like that you can find a buyer, let me know Such a bullshit procedure

Every now and then we have buyer mandates/intermediaries knocking on our doors offer to issue SBLC straight to speed up a sugar/soybean/sunflower oil transaction. Isn't it insane for a seller to still insist on receiving a MT799 first? Below are some possible reasons why. 1) The MT799 acts as a preliminary proof of funds, providing assurance that the buyer has the necessary financial backing. This step verifies the buyer's financial readiness before issuing a binding SBLC. 2) An MT799 helps mitigate risk by allowing the seller to assess the financial stability of the buyer and the credibility of their bank. This verification step can prevent engaging in transactions with fraudulent or unreliable buyers. 3) It serves as an initial vetting process, helping sellers differentiate between serious buyers and those who might not be fully committed or capable of completing the transaction. 4) In many industries, receiving an MT799 is a standard protocol, providing a layer of security and consistency in transactions. 5) The MT799 allows for adjustments and negotiations without the binding nature of an SBLC, giving both parties time to ensure all terms are agreed upon. 6) Issuing an MT799 can be less complex and costly than an SBLC, providing an easier initial step before committing to the more expensive and legally binding SBLC. Sellers wanted assurance and control, reducing risks and facilitating smoother negotiations. This practice is especially important in large-scale transactions such as commodities where financial assurance and trust are paramount. www.capfixasia.com #RJ #MT799 #SBLC #Sugar #Soybean #SunflowerOil #CapFiX #Agricommodities #HealthcarePPE