BLCO BUYERS WE ARE DIRECT TO REAL SELLER CIF ASWP Less $8/$6 Net
We have a 100% verifiable supply of Bonny Light Crude Oil (BLCO) available . If your are in the market for a real supply of BLCO 2M Bbls on up, contact us immediately.
Our sellers procedures are non-negotiable due to the fact they are NNPC based/strict guidelines. Our seller is in a valid JV with Shell and the NNPC. We can provide the full Partial POP (You Get POP When The Vessel Is Loaded) for the buyers comfort.
Please read the following;
GTV specialize in Bonny light crude oil (BLCO). We have genuine title holder sellers with verifiable credentials.
Finding a verifiable seller in the Bonny light crude oil market is quite simple when you are dealing with the right sellers/suppliers. Getting genuine crude oil sellers/suppliers might be very difficult to some buyers because some people will be claiming to have products to sell when they do not.
We have GENUINE Off - OPEC allocations and our seller has full ATS from NNPC.
When you accept the terms / procedures of a deal that is presented you make sure you get the following;
• The sellers company registration information as having a legitimate Nigerian company.
• Get a copy of their incorporation information and verify it.
• If you are not dealing directly with the NNPC the seller will have to be in a verifiable Joint Venture with a major such as Shell and the NNPC. This is the vehicle the NNPC utilizes to make BLCO available to the secondary global market.
• Get the sellers allocation registration codes and verify them immediately.
• Verify that the seller has a global presence such as the Asian, North American and European markets.
• Inquire and get proof about the sellers history of doing business in Nigeria.
• Due to all contracts having a confidentiality clause, past performance is mainly supported through Laycan docs.
• Most importantly, be sure the seller provides you with the ATS between the JV of the major and NNPC.
Our BLCO CIF Procedures are as follows;
OUR OFFER
Non-negotiable particulars for purchase of the following:
Product: Bonnie Light Crude Oil CIF
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
Price: Brent Platts less Gross $8 / Net $6 per barrel
Commissions: $1 per Bbl Sell side closed / $1 per Bbl Buy side open
Please Note: the procedures are not negotiable as they are set by the NNPC not the seller.
CIF Procedures
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.
Please contact us for additional information. If you are a real buyer, buyers mandate or are direct to a buyer contact us before you go any further.
Regards,
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- Publisher: Kendall Strysick
- Company Name: Company Agent Grupo Tierra Verde
- Country: USA/Canada/Central America/Australia
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