Sellers Published date: October 13, 2014

Hello,

This is to inform you that we are now offering BLCO SPOT in this offer dated till October 31, 2014. We can now get a loaded vessel every week or every 2 weeks with 1m/bbls, and after SPOT the contract can be for maximum 2m/bbls monthly with same procedure if you find a buyer. Buyers will be put in the orders we receive them.

we will need buyer details before issuing a SPA, it can come on buyer LOI or Web Site or Company Profile, either one will do. And we will need to speak to buyer or his mandate to confirm before releasing a SPA. Let your buyer be aware that SPA will be issued right away after receiving something with buyer details and speaking with the buyer. SPA will be issued there after immediately and buyer has 24 hrs. to sign and return with proper doc's because this is a SPOT and vessel will not remain for long.

Managers Check is acceptable, as long as it is a BLOCK Funds. Seller will not accept No Ghana banks.

We will be having a loaded vessel every week or every other week using this same procedure!


BLCO $12/$8 TTO PROCEDURE To: Nigerian waters N10m or Cotonou waters N35m or Ghana waters N50m ONLY / CARGO DOCUMENTS/POP & MATB AFTER RECEIVING SIGN SPA/BUYER ATB FORMAT & SUPERCARGO I.D. & CONTACT DETAILS:

1. Buyer issues LOI and Company Profile.

2. Seller issues sign Contract (SPA) to Buyer.

3. Buyer return sign SPA to Seller with: 1) Buyer’s ATB Format, which shall include the nominated Inspection Company & contact details, and 2) a photocopy of the Supercargo I.D.with telephone number (Note that NNPC requires the Buyer’s supercargo to have apart from his int’l passport, a seaman passport, safety certificate and discharge certificate) and the Super cargo must also be an approved NNPC/JV certified Super cargo on NNPC list if doing Q&Q in Nigerian waters.

4. Seller issues Partial Cargo POP documents & verifiable Marine ATB for Buyer to confirm/verify.

5. Buyer “BLOCK” BG/SBLC via MT-760 or Irrevocable, Confirmable DLC in favor of the Seller value N35 million to cover Logistic & Documents for TTO in Cotonou waters within 24 hrs. of receiving Partial Cargo POP documents & MATB from Seller. (MATB will be in buyer name!)

6. Vessel sails to Cotonou.

7. Upon arrival, seller captain gives CLEARANCE to Buyer Supercargo and Inspector to board vessel at Buyer’s own expense to confirm the cargo, and conduct Quality and Quantity (Q&Q) inspection.

8. Buyer Inspector carries out Q&Q, and SGS report is sent to both Seller and Buyer and their respective banks, and Buyer and Seller confirm Q&Q Tests Results.

9. Buyer Bank releases N35 Million to Seller’s account for Logistic & Documents, and there after Buyer Bank SWIFT MT103/23 to Seller account for entire loaded cargo.

10. Seller issues Commercial Invoice for the value of the measured barrels as determined by the Q&Q report, and collates and transfers all shipping documents and vessel re-charter in Buyer's name.

11. Payment for the full Cargo is effected by the Buyer’s Bank SWIFT MT-103 WIRE TRANSFER to Seller’s designated Account and to all Agents, Facilitators and Consultants within 48 hours after Tanker-Take-Over by the Buyer.

12. Buyer takes over the Vessel.

13. Vessel sails to Buyer’s POD. Transaction is closed and next shipment is scheduled.

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• Publisher: adetayo
• Company Name: TOKSJIN OIL & GAS
• Country: NIGERIA

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