THE SELLER WILL ISSUE THEM SPA+LETTER OF PERFORMANCE/ INDEMNITY TO BUYER.
SELLER AND BUYER SIGN / SEAL SPA AND INDEMNITY LETTER ELECTRONICALLY AND DEPOSIT WITH THEIR RESPECTIIVE BANKS.
BUYER’S AND SELLER BANK WILL COMMUNICATE TO ACKNOWLEDEGE THE RECEIPT OF THE SIGN / SEAL SPA AND INDEMNITY LETTER
WITH 48HRS OF CONFIRMING INDEMNITY LETTER, BUYER INSTRUCT HIS BANK TO ISSUE A CONFIRMABLE CASH BACK BLOCKED MT799 (SWIFT MT 799) IN FAVOR OF SELLER VIA SWIFT TO SELLER’S BANK.
SELLER’S BANK CONFIRMS BUYER’S BANK CASH BACK BLOCKED MT799 (SWIFT MT 799) AND SELLER MOVE LOADED VESSEL TO COTONOU FOR INSPECTION BY BUYER’S NOMINATED INSPECTORS WITHIN 7 DAYS. VESSEL MASTER ISSUE A MARINE ATB TO BUYER’S INSPECTORS AND OPEN COMMUNICATION WITH INSPECTORS.
NOTE: INSPECTORS MUST BOARD WITHIN 48HRS UPON VESSEL ARRIVING IN COTONOU AND COMMUNICATION OPEN WITH SGS AND VESSEL MASTER.
F) Q&Q IS DONE & BUYER'S REPRESENTATTIVES/SUPERCAR
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