This is buyer’s procedure,
AGO (TTO LAGOS WATER) PROCEDURE
1 Seller gives SPA for Buyer’s review and signature if accepted. Buyer returns signed SPA with MATB format, Supercargo and Inspector details.
2 Seller confirms documents and issues marine ATB/Clearance to board Buyer’s Supercargo and Inspector.
3 Seller’s Rep/Mandate meet with Buyer for physical sighting and confirmation of Buyer’s cash to pay for MATB/CLEARANCE/BOARDING LOGISTICS. Upon confirmation of Buyer’s cash, Buyer’s Supercargo and Inspect Inspector go on board Seller’s laden vessel and take sample for QNQ analysis, while Supercargo remains on Board.
4. Buyer hands over the Boarding Logistics fee to Seller’s Mandate cash or at Seller’s option, pay by wired bank transfer into Seller’s nominated account.
5. Upon successful Q&Q, Buyer pays N50m to for reassignment cargo documents in Buyer’s name. Seller introduces Buyer to vessel handlers, prepares and present reassigned cargo documents in the name of Buyer for vetting and approval. Buyer re-charters vessel and pays for full cargo
6. Upon confirmation of payment by all accounts nominated in this contract, Seller releases cargo documents to buyer and vessel is allowed to sail to her point of discharge.
I speak to the buyer directly and no longer chains.
Buyer still stands on his side of his deal, if your seller is OK with the buyer procedure then we are good to open communication between seller and buyer ASAP, thanks .