2,000,000 BBL of BLCO
2,000,000 BBL. contract for every two weeks of Nigerian Light Crude Oil
Delivery: CIF Rotterdam
Discount: $9.00 BBL. gross/$6.00 BBL. net.
Commission: $3.00-1/2 to seller's side, closed. Buyer's side 1/2=$1.50 of which $1.15 is closed, leaving $0,35 open to you.
Please let me know if you have a buyer ASAP, as real offers don't last for days or weeks.
We can offer two procedures:
1. Buyer and Seller sign and seal the contract with Banking Coordinates and exchange the signed copy by electronic mail. The Buyer returns the signed SPA in PDF format along with his ATB format. The electronic signed copy by both parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks.
2. Buyer’s bank issues a Non-Operative SBLC / BG for the total value of the cargo to Seller’s bank.
3. Seller’s bank responds with a 2% PB to activate the Buyer’s instrument.
4. Seller nominates and loads the Vessel and advises the Buyer of the details of the loaded Vessel and sends full cargo documents. Then the vessel sails to Rotterdam waters for Q&Q.
5. Vessel arrives at Buyer’s port and Seller issues a Marine ATB for Buyer's Supercargo/Inspector (SGS) to go on board for Q&Q analysis and confirmation of product.
6. After, successful Q and Q, Vessel discharge into buyer’s Storage facility and Buyer makes payment by Swifts MT 103 for full cargo in favour of the Seller.
7. The transaction is concluded.
OR
1. Buyer and Seller sign and seal the contract with Banking Coordinates and exchange the signed copy by electronic mail. The Buyer returns the signed SPA in PDF format along with his ATB format. The electronic signed copy by both parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks.
2. Buyer Issues a MT799 Blocked Funds in the sum of one month’s Cargo of Crude
3. Seller nominates and loads the Vessel and advises the Buyer of the details of the loaded Vessel and sends full cargo documents. Then the vessel sails to Rotterdam waters for Q&Q.
4. Vessel arrives at Buyer’s port and Seller issues a Marine ATB for Buyer's Supercargo/Inspector (SGS) to go on board for Q&Q analysis and confirmation of product.
5. After, successful Q and Q, Vessel discharge into buyer’s Storage facility and Buyer makes payment by Swifts MT 103 for full cargo in favour of the Seller.
6. The transaction is concluded.
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