LOADED TTO BLCO OFFER FOR READY BUYERS
QUANTITY AND DURATION: 1,000,000(One million barrels) / 140,000 (One Hundred and Forty Thousand Metric Tons) +/- 10%, with possible rolls and extension at both parties discretion.
CURRENCY: USD
The price shall be $14 less $6 dated Brent $8 to Buyer, $ 3each to Buyer and Seller Agents and Facilitators.
Commissions: Buyer to pay brokers according to FEE PROTECTION
AGREEMENT.
COMMISSIONS DEFINED:
Net to Buyer: $8.00
Seller’s Agent/Facilitator: $3.00 per barrel
Buyer’s Agent/facilitator: $3.00 per barrel ( 1.50 taken)
TTO PROCEDURE:
1. Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copy by electronic mail along with details of Quality and Quantity Inspection Agency.
2. 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 along with the signed Fraud Warning Letter.
3. Seller provides to Buyer shipping documents of a loaded vessel.
4. The Buyer on receiving shipping documents, verifies the loaded vessel and provides supercargo details, which must include the Buyer’s ATB format and Inspection agent from an approved NNPC SGS company. Seller issue ATB, and CLEARANCE to take Buyer’s Supercargo On Board Loaded Vessel.
5. Buyer issues a Bank Draft in the Sum of N40M Nigerian naira in favour of Seller. Buyer arranges with the Seller or Facilitator to sight the original bank draft and make a photocopy of it. Vessel moves to Cotonou water for Q&Q at an agreed location.
6 . Upon receipt of the result of Q&Q, Buyer releases bank draft to Seller and raises MT 103 for total cargo, less bank draft amount at the prevailing NGN to USD exchange rate.
7. Seller confirms MT103 and releases cargo documents to the Buyer for payment.
8. Seller introduces Buyer to vessel handler so Buyer can place full charter on the vessel. Seller reassign document In the name of Buyer
8. The Seller on receiving the payment for full cargo issues instruction to CAPTAIN of loaded vessel to proceed to Buyer port of discharge.
Buyers Supercargo can go on-board today if buyer is ready and SPA comes with POP.
Important information
- Avoid scams and never pay with Western Union, Moneygram or any other payment services
- We are not responsible for any decisions you make to contact any company. We are not associated with any company listed here.
Contact this Company
You need to login/register to contact this company