BRIEF DESCRIPTION

WITH ONLY BCL BANK COMFORT LETTER FOR N50M NAIRA, WE WILL DELIVER AGO 10KMTLOADED VESSEL AT LAGOS ANCHORAGE TO BUYER’S TANK-FARM

AT A GLANCE

BLCO CIF TO CHINA/EUROPE/ASWP
2ML BRLS PER SHIPMENT TO 10ML BRLS SHIPMENT
DISCOUNT $10.00 GROSS/$6 NET TO BUYER

PURCHASE PROCEDURE FOR TFD DELIVERY.

    FOR BUYER’S WITH DLC-MT700 OR BLOCK FUND MT799

    DIRECT TO NNPC LOADERS/SELLERS

  • BUYER & NNPC BONNY TERMINAL SIGN AND SEAL THIS CONTRACT AND EXCHANGE THE SIGNED COPY BY ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE. (NOTE: ACCEPTED AND AGREED WITHOUT CHANGE (ELECTRONIC SIGNATURE IS VALID AND ACCEPTED AS HAND SIGNATURE)
  • BUYER SEND NOR/ETA/ATB FORMATS, CIS/INTERNATIONAL PASSPORT COPY DATA PAGE OF SIGNATORY/CERTIFICATE OF BUSINESS
    REGISTRATION/INCORPORATION. AND PRE-ADVICE SWIFT VIA MT199/799 TO NNPC BONNY TERMINAL NOMINATED FIDUCIARY BANK. SEE ATTACHED VERBIAGE FOR ADOPTION.
  • SELLER ISSUES BELOW CONFIRMATION LETTERS WITH FULL PROOF OF PRODUCT (POP) DOCUMENTS/MARINE NOTICE OF READINESS (NOR):

      1. CONTRACT AUTHENTICATION/ CONFIRMATION LETTER.
      2. SELLER VESSEL CAPTAIN ISSUES NOR/ETA TO BUYER
      3. ACCOUNT NOMINATION LETTER

      4. INSTRUMENT GUIDELINES TO FOLLOW LETTER.

  • SELLER/SELLER’S BANK CONFIRMS PRE-ADVICE-SWIFT MT199/MT799 AND RESPOND
  • BUYER/BUYERS BANK SHALL WITHIN 3-5 DAYS SWIFT DLC VIA MT 700 FROM TOP RATED BANKS IN THE WORLD TO NNPC FIDUCIARY BANK ACCOUNT ACCORDING TO SELLER’S VERBIAGE FOR THE TOTAL VALUE OF THE CARGO BY SWIFT DLC VIA MT-700 DIRECT TO SELLER’S FIDUCIAY NOMINATED ACCOUNT AND SEND A COPY TO THE SELLER. (NOTE: THE DLC-MT700 MUST NOT BE PURCHASED/LEASED OR RENTED DLC- MT700 INSTRUMENT. FAKE INSTRUMENT WILL BE SENT TO THE INTERPOL FOR INVESTIGATION AND INTERROGATION)
  • UPON SELLERS VERIFICATION AND CONFIRMATION OF BUYER’S SWIFT DLC VIA MT- 700 INSTRUMENT, SELLER INSTRUCTS VESSEL CAPT. TO ISSUE NOR/ETA TO BUYER’S DISCHARGE PORT AND RECEIVE CONFIRMATION FROM BUYER’S MASTER OF READINESS TO RECEIVE CARGO AND SELLER ISSUES COPIES OF ALL CARGO DOCUMENTS ASSIGNED IN BUYER’S NAME & MOVE VESSEL TO BUYER’S POD.
  • BUYER CLEARS VESSEL AT POD, MATB IS ISSUED TO BUYERS INSPECTION TEAM FOR Q/Q. BUYER CONDUCTS INSPECTION ON VESSEL UPON ARRIVAL AND GETS CIQ REPORT AND VESSEL SAILS TO BUYERS STORAGE LOCATION AND COMMENCE DISCHARGE.
  • ALL ORIGINAL COPY OF CARGO DOCUMENTS ARE HANDED OVER TO BUYER’ BANK.
  • WITHIN 72 HOURS AFTER DISCHARGE OF CRUDE OIL AT BUYERS PORT OF DISCHARGE/STORAGE FACILITY, BUYER MAKES FULL PAYMENT FOR THE CRUDE OIL AS PER THE FINAL Q & Q REPORT ISSUED BY INDEPENDENT INSPECTOR AT THE PORT OF DISCHARGE TO SELLER BY MT103/T/T WIRE TRANSFER AND SELLER PAYS ALL BROKERS.
  • PAYMENTS ARE MADE BY MT103/SWIFT WIRE TRANSFER DIRECTLY TO THE SELLERS AUTHORIZED BENEFICIARY NOMINATED BANK ACCOUNTS AND COMMISSION TO AGENTS AS STIPULATED IN THE NCNDA/IMFPA IN THIS CONTRACT WITHIN 72 HOURS AFTER PRODUCT DELIVERY TO BUYERS NOMINATED PORT OF DISCHARGE AGAINST PRESENTATION OF STATED SHIPPING DOCUMENTS, Q&Q REPORTS, COMMERCIAL INVOICE (CI) ETC (NON-NEGOTIABLE COPIES) AT BUYERS BANK.

WITH ONLY PRE-ADVISE MT799 FROM BUYER’S BANK, SELLER SEND NOR/ETA AND CARGODOCUMENTS/FULL POP TO THE BUYER AND UPON CONFIRMATION OF THE POP AND NOR/ETA, BUYER ISSUE AND SWIFT DLC-MT700 OR MT799 BLOCK FUND FOR TOTALCARGO AND VESSEL VOYAGE TO BUYER’S POD

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