Bbmg Africa

Company Description

Procedures using LPO and ISPO :
1. Delivery Location Storage In Nigeria.
2. Target Price should be Per litre Inclusive commission Of Brokers.
3. Buyer and seller Sign Contract Document and Seller Issues F.C.O to Buyer.
4. Buyer within 3 Banking Days Sends an I.S.P.O from His Bank  to cover the Contract Period.
5. Seller Schedules first shipment and Sends NOR/ETA To Storage.
6. Upon receipt Of ETA To Storage Buyers Bank sends Sellers Bank A Guarantee to Cover the cargo for Delivery.
7. Sellers Vessel Berths At The storage and discharges. After Discharge, Buyer s Bank Pays sellers and Brokers Via Swift Wire Transfer.