Osapecoinc

Company Description

OSAPECO INTERNATIONAL COMPANY IS A BROKER/FACILITATING CONSULTING COMPANY LOCATED IN BOSTON MASSACHUSETTS THAT SPECIALIZES IN CONNECTING CRUDE OIL EXPORT SELLERS TO CRUDE OIL IMPORT BUYERS AROUND THE WORLD. PROCEDURES (C.I.F) Discount: Gross $10, Net $6; $10/$6 PROCEDURES (C.I.F) 1. Seller issues Sales Purchase Agreement (S.P.A) with POP, Buyer sign&＃039;s and return with port of discharge and NOR detail. 2. Buyer’s bank issues in favor of seller an in operative, confirmable, transferable documentary letter of credit via MT-700. **ANNEX B’’. 3. Seller’s bank issues to buyer&＃039;s bank a 2% performance bond to activate buyer’s in-operative documentary letter of credit to be operative. 4. Seller nominate, Laycan (Programming), Loads and commences movement of vessel to buyers discharge Port and avails buyer full set of loading documents. 5. Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to buyers discharge Harbor/Tank. 6. Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location. 7. On successful conclusion of Q&Q analysis, all Original Cargo Documents shall be transferred to Buyer&＃039;s name. 8. Transshipment to buyer&＃039;s Storage Tank commences. 9. Payment for product and commissions is released to seller and facilitators&＃039; nominated bank; 72 hOsapecoincs after transshipment of product by MT-103 (swift transfer) at out turn barrels upon presentation of the transaction documents at buyer’s bank.