Christian Family Int.

BLCO CIF PROCEDURE:
1. Seller signs and seals the contract and dispatches to the Buyer in form of email.
2. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail. Buyer and Seller deposit same at their respective Banks.
3. Buyer's bank raises a 10 % (total value of product) Standby LC in favor of Seller to his bank upon verification of seller's nominated vessel in Buyer's name.
4. Seller upon confirmation of the 10% LC calls in the nominated vessel into the terminal for loading in Buyers name. Vessel Loads.
5. Upon completion of loading, Seller issues NOR to buyer's port of discharge.
6. Vessel sails to buyer's port of discharge.
7. Sellers bank sends valid shipping documents to Buyer is Buyer's name which shall include the following:
A). Notarized Commercial Receipt naming Buyer, contract number, goods and quality indicating transfer of the title.
B). Shipping advice indicating, designated vessel name, loading port, estimated loading time, estimated time of departure, estimated time of arrival in destination port ( FULL ETA).
C). Signed commercial invoice indicating the contract number and the name of the carrying vessel. (3 originals and 3 copies)
D). Quality and Quantity certificate issued at the loading port.
E). Charter party agreement and Full set( 3 originals and 3 copies) of clean on-board Bills of lading made out to order; bank endorsed and marked "freight pre-paid" , indicating the name of the carrying vessel with the Buyer as the " Notifying party".
8. Seller's loaded vessel arrives at the buyer's discharge port, Buyer conducts Q&Q inspection at buyer's expenses and raises the remaining 90%(total value of product) in a Standby LC or MT 103 for the entire product before discharge is done.
9. Price is gross $8; net to buyer is $4 and $3 to both side agents and facilitators.$1.00 to terminal consultants. Payment is done via swift at out-turn of barrels.