Sellers Published date: November 30, 2014 Modified date: January 2, 2015

WE HAVE

THE PRODUCT> NIGERIAN BONNY LIGHT CRUDE OIL

SOURCE> NNPC CONCESSIONAL LIFTING EQUITY (off OPEC ALLOCATION

Nominations, Shipment & Procedures FOR TTO

PRICE $12.00 LESS $4.00

(1)Buyer providers ICPO to Seller.

(2) Buyer and Seller work a SPA or CI with their full banking details including MFPA and Sign and Seal the SPA or CI. Both Parties forward a copy of this signed SPA or CI to their Respective Banks.

(3) Seller provides ATS and Loading Documents

(4)Buyer issues blocked MT799 swift for the full cargo to Seller's Bank, and send a copy to seller.

(5) Buyer Provides ATB Format with Inspector and Super cargo information including passport copies. Also, Buyer provides paid receipt for super cargo and inspector to seller.

(6) Seller returns marine ATB and Clearance to board vessel.

(7)Within 1 International Business Day after receiving ATB, Buyer’s Inspector and Supercargo boards vessel and perform Q&Q at Buyer’s expense.

(8)Buyer’s inspection company issues clean report findings.

(9)Within 2 International Banking Days after receiving the Q&Q inspection report, Buyer makes payment for Crude Oil and Marine Handler fees to Seller’s Bank VIA wire transfer (TT Preferred) or MT 103 Swift.

(10)Seller issues Title of product to Buyer.

(11)Seller provides information to Buyer in order to facilitate a charter agreement between buyer and vessel handlers

12)Seller and Buyer work out a 12 month contract.


Nominations, Shipment & Procedures FOR CIF

REFINERY PROCEDURES: CIF TRANSACTION

PRICE: $10.00 LESS $4.00

1. Seller issues spa for buyer to sign and return with ATB format and super cargo and inspectors detail.

2. Buyers issue icpo to seller .and seller issue ATS and vessel document for buyer to verify

3. upon confirmation of the vessel details, Buyer swifts MT 799 to seller’s bank.

4. Upon confirmation of the MT799 by the seller, Seller’sCaptain issue ATB from pregnant Tanker Buyer’s supercargo and

independent inspectors, e.g. (SGS)

5. Buyer’s Supercargo and Inspector board Vessel and send attestation to buyer and his bank for confirmation of product while conducting Q&Q at Buyer's expense. .

6. Seller officially introduces Buyer to the home office of the Vessel, Vessel is re-chartered in Buyer's name, and Payment is made for cargo by MT103 and Re-charter at the same time.

7. Title is transferred to Buyer with all original cargo documents.

8. Vessel released to sail to final destination.

9. The process revolves for twelve months with possible rolls and extension as agreed by both parties

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• Publisher: Ken
• Company Name: Bes Solutions
• Country: United Kingdom

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