Odira Oil and Gas

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