100% VERIFIABLE BLCO CIF DEAL REAL BUYERS ONLY
Hello,
We are direct to our supplier of BLCO. All information is 100% verifiable and real. We only wish to deal with serious buyers due to the fraud in the industry.
General Information:
Product: Bonnie Light Crude Oil
Origin: Nigeria through a JV with NNPC & Shell
Quantity: 2M Bbl lots monthly and multiples thereof
Term: 12 months w/R&Es
Incoterms: CIF ASWP including China ports
Payment: after SPA agreed and signed, Buyer submits SBLC (preferred), BG or DLC via MT799, Seller sends Buyer 2% PB, after Q&Q in Buyer port, Buyer pays via MT103
Price: Brent Platts less Gross $8 / Net $6 per barrel
Commissions: $1 per Bbl Sell side closed / $1 per Bbl Buy side open
NB: the procedures are not negotiable as they are set by the NNPC not the seller.
CIF Procedure
a. BUYER and SELLER execute this Agreement and deposit with their respective banks. THE ELECTRONIC SIGNED COPIES BY BOTH PARTIES ARE CONSIDERED LEGALLY BINDING AND ENFORCEABLE AND ARE DEPOSITED WITH THEIR RESPECTIVE BANKS.
b. SELLER sends SELLER's Authority To Sell (ATS) for Bulk Allocation issued by NNPC to BUYER and BUYER BANK issues MT799 POF as the approved verbiage at Appendix B to SELLER BANK.
c. SELLER BANK issues 2% PB and BUYER BANK issues SBLC/BG/DLC for the whole cargo to SELLER Bank as the approved verbiage at Appendix B to activate Seller Bank’s 2% PB. BUYER provides the discharge port details for ETA/NOR specific formats to be used for transaction.
d. SELLER arranges full vessel documents issued under Buyer name and shall instruct the vessel Master to issue ETA/NOR to the BUYER. Seller moves vessel to BUYER’s discharge port and issue Marine ATB in favor of the BUYER. The BUYER’S inspector and supercargo shall board the loaded vessel for Q&Q inspection by Buyer's cost including verification and confirmation of the loading documents. The results of the final inspection report shall be released to both Parties.
e. Within three (3) international banking days of confirming that the Buyer and Seller are in receipt of the Buyer Inspector's Q&Q Report, the BUYER’s bank shall issue SWIFT MT 103 to the SELLER’S bank upon receipt of the original cargo documents under Buyer name for the total value of the commercial invoice based on out-turn delivered and inspected, including commissions/fees.
f. After successful transaction of the first shipment Buyer shall issue IRDLC covering the value of monthly shipment for the rest of the Contract as PAYMENT GUARANTEE to be activated by Seller’s 2% Performance Bond and monthly delivery continues to do procedure from d & e for the contracted CIF terms and quality.
SPECIFICATION Conforms to Official NNPC Specification:
a) Specific Gravity @600 deg.F: 0.8398-0.8498
b) API Gravity @600 deg.F: 35.0 - 37.0
c) Water content by Distillation: 1% (VOLUME) max
d) BS&W (CENTRIFUGE): 0.06 - 0.2% Vol
e) Upper Pour Point: Below 400 deg. F
f) Sulphur Content: Less than 0.14% (Volume)
g) Reid Vapor Pressure: 6.52 Psig max
h) Salt Content (PTB): 3.16 max
i) Colour: Dark Brown
j) Acid number: 0.39 max
k) Iron wt, ppm: 1.00 max
1) Vanadium wt, ppm: 2.00 max
m) Nickel wt, ppm: 4.00 max
n) Salinity: P.T.B. at 0.10% bs& w 47 max
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- Publisher: Kendall Strysick
- Company Name: Grupo Tierra Verde
- Country: USA, Canada, Central America
Important information
- Avoid scams and never pay with Western Union, Moneygram or any other payment services
- We are not responsible for any decisions you make to contact any company. We are not associated with any company listed here.
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