SELLING BLCO IN CHINA TANK FARMS - NEED BUYER IMMEDIATELY
Hello all ,
Email id - muthukd1980@gmail.com
Tianjin has 4.7million barrel,
Qingdao, Has 6.8millon barrel and
Ningbo has 6.3million barrel
Lanshan 11.9million
as of today
Procedure as below
Draft suggested contract procedure & conditions for BLCO.
CIF/Ex-Tank China Price is -$6.00 to buyer with $1 commission paid by seller.
Strictly Private & Confidential – Submitted Without Prejudice
1. Buyer issues official LOI or ICPO with bank coordinate (Top 50 Prime Bank) To: New Infinity Synergy oil and gas Limited.
2. Seller issues draft contract signed and sealed by him to the buyer with PPOP including 2015 ATS for Bulk Allocation and Cargo Confirmation issued by NNPC/Bonny Terminal..
3. Buyer sign, seal and return to Seller. SPA lodged to Buyer's and Seller's Bank.
Buyer sends LETTER OF AUTHORIZATION to Seller for soft probe of Buyer's financial capability with Buyer bank's RWA Letter issued to Buyer for the transaction. The electronically signed and sealed contract is legally binding and enforceable.
4. SELLER's NNPC Fiduciary Bank officer communicates with Buyer's bank officer by phone and email to allow soft probe on Buyer's financial capability. BUYER submits CIQ inspector's detail for Dip Test Authorization/Authority To Board. IMFPA/Pay Order is completed and notarized by the Notary in the Bank.
5. Within two (2) banking days from satisfactory soft probe with Buyer bank officer, SELLER issues DTA/ATB with TSR and Discharge Certificate to Buyer and Buyer's inspector.
6. Within two (2) banking days from receipt of DTA/ATB, Inspector shall inspect TANK and issue inspection report to both buyer and seller.
7. 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 upon receipt of the commercial invoice based on out-turn delivered and inspected, including commissions/fees of AGENT. Seller issues the title transfer for the cargo and POP documents under Buyer name.
8. After successful transaction of the first shipment; Buyer shall issue SBLC/BG/MT760 covering the value of monthly shipment for the rest of the 12 month’s Contract as PAYMENT GUARANTEE. Seller shall issue 2% PB and monthly delivery continues to do procedure from 5 to 7 for the contracted CIF/Ex-Tank terms and quantity.
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Best Wishes,
kumar
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