EN590 and LPG

We are looking for LPG and En590 with CIF with
Banking Instruments (DLC MT700).
Below is the expected procedure i am looking
for, must not be exact but similar

Title CIF – ASWP (DLC MT700) description CIF with
Banking Instruments (DLC MT700)
1. Buyer signs the FCO and ICPO on the letterhead of
their company, completes all the company and banking
information, sign/stamp, and send both Plus the following
documents Company Profile (Company Profile
should have the year of establishment, founders
and a history of major projects completed)
CIS with Passport copy of the authorized signor
for the company, Certificate of Registration.
2. Seller issues Sales and Purchase Agreement (SPA).
Buyer reviews, amends (if necessary), signs and
returns the (Draft Contract) SPA in PDF format to
Seller within Three (3) banking days for final
endorsement. Then Seller counter signs the SPA.
Seller signs NCNDA/IMFPA between all intermediaries
involved.
3. Within 5 Working Days of signing the SPA, in accordance
of the Seller's acceptable verbiage, buyer's bank issues
a non-operative, irrevocable, non-transferable,
revolving and confirmed DLC/MT700 with the
first month shipments' value, with full bank responsibility
via swift MT700 to the seller's bank to be automatically
operative by Seller's 2% performance Bond, and provides
Seller with swift copy.
4. Within 5 Banking Days of accepting the DLC, Seller's
Bank issues the 2% Performance Bond and the
DLC will be operative.
5. Within 5-15 working days on confirmation and acceptance
of the Buyer's DLC, seller commence loading of the product
and issues full POP/Shipping documents as listed below
with legalized SPA to buyer's company via bank to bank
and copies via email; buyer shall notify the seller by
official written notice of his bank receiving seller's full
POP/Shipping documents:
D. Copy of export license, issued by the ministry of
Petroleum and Energy.
E. Copy of approval to export, issued by the ministry of justice.
F. Copy of Transnet contract to transport the Product to the Port.
G. Copy of the Port Storage agreement/ Insurance.
H. Certificate of origin.
I. Product Passport,
J. Statement of availability of product.
K. Commercial Invoice.
L. Copy of charter party agreement.
M. Copy of Customs clearance certificate.
N. Copy of the tank receipt issued by the storage facilitator.
O. Copy of Fresh SGS Report or Equivalent at Loading Port.
P. Copy of Vessel Q88
Q. Copy of Bill of Lading
R. Copy of Cargo Manifest
S. DTA & ATB.
T. NOR/ETD.
6. Shipment commences as scheduled in the contract and upon
arrival of the cargo at the discharge port, within 2 working
days of vessel's arrival at discharge port, buyer's inspection
team carry out SGS/CIQ or Equivalent Inspection to ascertain
quality and quantity of the product.
7. Upon successful SGS/CIQ Inspection by the buyer,
Buyer's Bank release payment for the total shipment
value via swift fund transfer MT103/TT within 2 banking
days of issuing the SGS report at discharge port, then
Product is discharged to buyer's destination storage facility
and title of product ownership transferred to buyer.
8. The seller pays all intermediaries involved in all the
transactions as per signed NCNDA / IMFPA within 72 hours.
9. Subsequently monthly shipment continues as per
signed SPA and product payment will be made against
successful SGS/CIQ or equivalent inspection via TT/MT103.

Thank you.

Contact: Mr. Nnamdi Onyenuforo
Company: Furobinc LLC

Posted on : 15-Jan-2026
Posted From : United States

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