Crude oil , bonny light, ship load of 2 million barrels procedures: buyer and seller execute spa and lodge same with their banks. Electronic copies are deemed enforceable. Buyer returns signed spa with valid vessel details, nor format containing the transaction code and pay one million naira (n1, 000, 000) seller issues marine notice of readiness expected time of arrival with q88 of a china bound cargo. buyer confirms the noreta and authorize his empty vessel captain to acknowledge seller confirms acknowledgement of the nor and instruct his captain to open communication with buyer’s captain and agree on the point of sts in china waters. on arrival of the vessel at the point of sts, captain will issue a message of tie up of the two vessels, transshipment commences, and after transshipment, buyer pays the sum of two million dollars only ($2, 000, 000) for documentation, surveyors conduct assay test in buyers vessel buyer covers balance payment with mt10323 vessel proceeds to buyer's storage facility. buyer releases balance payment to seller against release of originals of documents and commercial invoice vessel discharge.