Sellers Published date: October 8, 2014 Modified date: October 22, 2014

Hello

The below procedures are our current CIF offers on BLCO.

The delivery port for our CIF offers is Spain or Rotterdam and some part of europe for now, we DO NOT do CIF delivery to china or India at the moment.

The price discount is $9/6 .
Commission is $3 /BBL to both Buyer & Seller Agents &
Mandates for Amounts in IMFPA. (US $1.50 Seller Side CLOSED / US $1.50


*PLEASE NOTE: THE PROCEDURES AND PRICE DISCOUNT ARE NON NEGOTIABLE. THE
PROCEDURES ARE FLEXIBLE ENOUGH FOR ANY SERIOUS AND CAPABLE TO WORK WITH*


*BLCO $9/$6 CIF PROCEDURE To: Spain or Rotterdam Ports ONLY / With SELLER
SENDING FIRST A PRE ADVICE TO ESTABLISH A 2%PB THEN BUYER SWIFT
NON-OPERATIVE INSTRUMENT:*

PROCEDURE 1

1.Buyer issues LOI and Company Profile.

2.Seller issues sign SPA.

3. Buyer sign SPA, and return with Port of Discharge (POD) information and
coordinates in order for Seller captain to send NOR/ETA to Buyer POD (Port
of Discharge) for delivery.

4.Seller issues a Pre Advice via SWIFT MT-199 to Buyer bank confirming
“seller will SWIFT an OPERATIVE 2%PB to buyer bank in favour of buyer after
receiving buyer non-operative instrument.”

5. Buyer Bank respond and SWIFT a Discountable NON-OPERATIVE Bank Guarantee
(BG) or NON-OPERATIVE Standby Letter of Credit (SBLC) or NON-OPERATIVE
Documentary Letter of Credit (DLC) in favour of Seller to Seller account.

6. Seller then SWIFT OPERATIVE 2% Performance Bond in favour of the Buyer
to activate the Buyer Discountable Non-Operative Bank Guarantee (BG) or
Non-Operative Standby Letter of Credit (SBLC) or Non-Operative Documentary
Letter of Credit (DLC). Buyer instrument becomes active.

7. Seller loads vessel in Buyer name, and release Full Proof of Product
documents to Buyer including Charter Party Agreement.

8. Seller Captain sends NOR/ETA to Buyer Port of Discharge/Rotterdam to
move loaded Vessel for Q&Q/SGS Inspection.

9. Vessel sails to Buyer POD. When vessel arrives at Buyer POD, the cargo
is offloaded into Buyer shore tanks, and inspected by SGS inspection
company (or equivalent) to determine the final Commercial Invoice value,
and to confirm the cargo quality.

10. Buyer´s Bank releases Payment via SWIFT MT-103 to Seller account for
the
delivered/unloaded Cargo, and the presentation of complete paperwork/POP
documents sent to the appropriate bank giving title of the product to the
Buyer.

11. Payment of the Cargo, and the Commissions are effected within 72 hrs. to seller account and all agents involve after verification of SGS Report at the discharge port.

12. Shipment continues as per Contract.

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• Publisher: edemcrude
• Company Name: edemcrude

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