EUROPE CIF POF PROCEDURE (No Swift Instrument required – Acct officer to Acct officer)
1. Seller shall issue SPA. 2. Both parties sign and seal contract including banking coordinates
3 Within 24 hours, Buyer’s bank shall send issue Proof of Funds Letter to Seller’s Fiduciary Bank [ HSBC ] via bank email to the Seller’s Account officer. 4 Upon confirmation of Proof of Funds, Seller shall Nominate/ load vessel, Place buyers name as “CONSIGNEE" of loaded cargo per All loading Document Listed: 5 Upon receipt of cargo docx, Buyer shall forward: Gen. ATB, NOR / ETA Format, SC/Inspectors details
6 Seller's Capt. issues an ETA / NOR, Vessel sails to buyers Q&Q location - Rotterdam. 7 Buyer will be given the vessel captain's detail for easy communication. 8. Seller's vessel master issues ATB. Boarding at Buyer’s epenses
9 Q&Q is done n result released. 10 Buyer shall within 24 hours place MT 103/72 based on the Qand Q report
11 Cargo is discharged into Buyer’s tank
12 Buyer make FULL payment for cargo within 24 hours by SWIFT MT 103
13 Title transfers to buyer
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Trade Leads Directory -> All Trade Leads -> Chemicals -> Petroleum Products: Crude Oil -> Blco (Bonny Light Crude Oil) Cif Europe With. Just Pof
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