Bbmg Africa

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.