Dear Sir,

OUR PROCEDURE FOR /TTO/TTT CONTRACT BLCO/FORCADOS PRODUCT  
                        
I am willing to released the mention document upon receipt of a letter from buyer�� bank stating his willingness and able to place non operative LC/BG/MT/103/23 of full cargo to be activated with seller�� 2% bond, upon receipt of this letter in our bank by swift bank to bank, the mention  Document will be swift to buyer�� bank within 72 hrs, upon meeting the requirement    Stated in the pop /procedure, then seller nominate a vessel and programmed in the  name of the buyer, register in LOYLDS/SHELL screen. The request letter must come from buyer�� bank with the bank letter head to sellers  Bank and copied to the seller�� e-mail.
Document to be confirmed by the buyer
a. Letter of Authorization to sell the Product
b.  NNPC Permit to sell the Product
c.  NNPC Allocation ��Confirmable ��available
  
OUR PROCEDURE FOR TTO CONTRACT BLCO/FORCADOS PRODUCT

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.  
3. Buyer and Seller deposit same at their respective Banks.  
4. Seller Bank Swift POP documents of allocation available in which upon the  Buyer�� Bank place non operative L/C that will be activated with Seller�� Bank 2%  Bond, upon confirmation by both parties Bank, Seller nominate a vessel, load    and  Programs in the name of Buyer register on Shell/London Screen for Buyer��  Independent verification at the expense of Buyer.
5.  After confirmation of the product, Seller issues Marine ATB/Clearance to Buyer  to board cargo in Togo waters, SGS Conducted.  
6. Re-assignment of cargo is done in Buyer�� name and re- charter vessel.  
7. Vessel sails to Buyer�� port of discharge  
8. Seller�� Bank valid shipping documents, which shall include the following:  
A). Notarized Commercial Receipt naming Buyer, contract number, goods and