Afelto oil &gas ltd is into oil and gas business and also civil contruction, mechanical/electrical contructors &general merchandise/maintenance. Such as: (a)a. G. O (b) lpfo (c)blco (d)base oil etc. We have two procedures tanker to tanker(ttt) and take over basis
Procedure for tanker to tanker basis: Which is non negotiable


A. The buyer and the seller agree on the draft contract format, signed and sealed. Hard copies with banking coordinates are then exchanged.

B. The buyer release cpa and vessel particulars to seller and seller release details of loaded vessel to buyer.
C. Sellers loaded vessel sends notice of readiness to buyers vessel and both vessels agree on point of transshipment between 40-50 nm off nigerian waters.
D. Within 24 hours of nor, buyer release bank payment undertaking stating commitment to issue confirmed, divisible, irrevocable letter of credit and authority to load (atl) in favour of seller
E. Sellers vessel sails to longside buyers vessel for transshipment.
F. Q and q conducted by buyers appointed inspectors.
G. Within 24 hours of q and q, buyers bank issues irrevocable. Divisible confirmed letter of credit or bank guarantee in favour of seller in fulfillment of clause (f) above.
H. Trans-shipment is completed and all relevant documents signed by receiving captain.
I. Payment by swift/ktt to all agents, facilitators and the seller is effected within 6 to 12 hours of completion before the buyer vessel sails.

6. Payment is made to all parties involved simultaneously through wire transfer into their respective bank accounts within 48 hours against the relevant shipping documents as stated below.
Commissions
Discount:
Gross: $8
Net: $5
Option 2: Buyer chartering loaded vessel

13. Procedures:

A. The buyer and the seller agree on the draft contract format, signed and sealed.

B. The seller charters a vessel with the approval of the buyer and his bank;he releases the cpa and vessel particulars to buyer.

C. Buyer issues an operative dlc/bg
D. Sellers loads vessel and proceed to agreed point of transshipment between 40-50 nm off nigerian waters.
E. Q and q conducted by buyers appointed inspectors.
F. Buyer begins the chartering process of the loaded vessel
G. All relevant documents signed by receiving captain and submitted to the buyer and his bank for payment; re-chartering completed bhy buyer.

I. Payment by swift/ktt to all agents, facilitators and the seller is effected within 6 to 12 hours of completion before the buyer vessel sails.

OEM Service:
No. of R&D Staff:
Estimated Annual Sales (USD): Above US$100 Million
Export Percentage:
Quality Control:
Legal Representative/CEO:
Factory Size (Sq.meters):
Factory Location:
Corporate Status:

Business Type: Year Established: 2000 Number of Employees: Legal Representative / CEO: Website: Certificates: Brands: Trade & Market Main Markets: Main Customers: Export Percentage: Trade Shows: Factory Information Factory Size (Sq.meters): Factory Location: QA/QC: Number of Production Lines: Number of R&D Staff: Contract Manufacturing: