sell Nigerian crude oil BLCO
QUALITY/ PRODUCT: Nigerian Light Crude Oil, NNPC Export Standard.
QUANTITY: Trial 2 million barrels and next 10,000,000 barrels Monthly +/-5% for One (1) year with an Option of Roll and Extension.
PRICE DISCOUNT: $10.00 Gross and $6.00 Net US Dollars per Barrel to the Buyer from Brent Platts on CIF price
SECURITY INSTRUMENT: Documentary Letter of Credit (DLC) of about $150,000,000 (One Hundred and Fifty Million US Dollars).
DISCHARGING PORT(S): CIF price CIF Qingdao and Rizhao Ports, China basis includes 110% marine insuranceof the cargo and ocean freight, CIF price
PAYMENT BY: Telegraphic wire transfer (MT103) within 3-5 days of delivery at discharge port.
SELL BLCO
QUALITY/ PRODUCT: Nigerian Light Crude Oil, NNPC Export Standard.
QUANTITY: The quantity to be delivered for Buyers Q&Q in DESTINATION PORT shall be ONE TWO MILLION (1 - 2,000,000) BARRELS +/- 5% initial delivery, followed by ONE - TWO MILLION (1 - 2,000,000) BARRELS +/- 5% SHIPMENT PER MONTH FOR 12 MONTHS on mutual agreement.
TOTAL QUANTITY: 120,000,000 barrels
PRICE DISCOUNT: The price shall be calculated in barrels. The price to be paid shall be based on the Buyers Inspector Report of survey of Quantity and Quality (Q&Q) of the Light Crude Oil for each shipment based on standard out-turn Barrel by SGS or its Equivalent at destination port.
Gross price US$10.00 per barrel and Net price US$6.00 per barrel
PAYMENT INSTRUMENT: Buyers Bank shall issue a STAND BY LETTER OF CREDIT SBLC VIA SWIFT MT760 in favour of Sellers nominated Account as logistics funds & WITH MT103 SWIFT WIRE TRANSFER FOR FINAL PAYMENT after Q&Q in DESTINATION PORT.
DISCHARGING PORT(S): CIF price CIF China, Indian, Singapore, Australia, Asia
PAYMENT BY: Telegraphic wire transfer (MT103) within 3-5 days of delivery at discharge port.
COMMISSION: buyer pays Two US Dollar ($2.00) per barrel to both buyer / seller brokers & facilitators, per the separated IMFPA (Irrevocable Master Fee Agreement)
The Seller side is closed. The buyer side 2 USD per bbl is open.
CIF PROCEDURE SBLC
1. Contract to be signed between the seller and buyer and copies send to their banks.
2. Buyer issues letter of readiness to the NNPC through the seller and upon confirmation of readiness letter from buyer by seller/NNPC, seller instruct the corporation (NNPC) to send a supply assurance letter to buyer.
3. US$10million BG/SBLC VIA SWIFT MT760 to be issued from buyer bank to seller nominated bank according to seller approved verbiage.
4. Full sets of shipping documents of loaded cargo in buyer name to be sent direct to buyer or by bank to bank shipment by shipment.
5. Buyer sends his full NOR/ETA/ ATB format and Inspector and Supercargo IDs. Seller issue MATB and invite buyer inspectors to board the vessel for Q&Q
6. 100% conditional payment instrument via MT103/72 to be issued from buyer bank to seller nominated bank.
7. Cargo is unloaded into buyer storage tank and CIQ inspection is concluded. Seller issue cargo documents and invoice to buyer based on CIQ result.
8. Buyers Bank pays for the full cargo to Sellers bank via MT103 Swift Wire Transfer and simultaneously pay commissions to all Agents/Facilitators on this SPA, against Original copies of all relevant Cargo documents, including certificate of ownership and vessel Charter Party Agreement in Buyers name.
9. Next shipment continues as shall be mutually agreed, subject to prevailing price.
PROCEDURE FOR QINGDAO OFFSHORE TANK FARM STORAGE
PRIC E: $10/4 NET$6
1. Buyer and Seller sign and seal the Sales and Purchase Agreement including full Banking coordinates of Seller and Buyer.
2. Buyer returns signed SPA with names of persons and inspectors authorized for CIQ inspection.
3. Seller provides the offshore POP (4) documents to buyer for verification and confirmation of product in storage with tank manager/Agent in Qingdao China.
(1) Tank Receipt
(2) Storage Certificate
(3) Storage information
(4) Discharge certificate
Note: Certificate of entry will be provided when product is cleared to Onshore.
4. Seller gives direct contact information of tank farm agent/manager in Qingdao assist buyer to verify full cargo documents. After verification and Confirmation of Documents and reality of crude oil in Qingdao.
5. Buyer issue SBLC or BG MT760 for reassignment of documents and Warrantee of Title (W.O.T.) from buyer bank to seller fiduciary bank account according to sellers verbiage/text in amount of $1,000,000 via a bank account as per stipulated banking coordinates. Note: SBLC or BG is only for 30-45day only
WOT means Warrantee of ownership is transferred to buyer. WOT will be issued within 2 WEEKS AFTER RECEIPT INSTRUMENT.
Reassignment of the following documents will be made to buyer with the WOT.
CLEAN OCEAN BILL OF LADING, ONE (1) ORIGINAL AND THREE (3) COPIES
SELLER'S COMMERCIAL INVOICE, ONE (1) ORIGINAL AND THREE (3) COPIES
SGS/SAYBOLT CERTIFICATE OF QUALITY AND QUANTITY, ONE (1) ORIGINAL AND THREE (3) COPIES
CERTIFICATE OF ORIGIN ISSUED BY NNPC, ONE (1) ORIGINAL AND THREE (3) COPIESOF
CERTIFICATE OF AUTHENTICITY ISSUED BY NNPC, ONE (1) ORIGINAL AND THREE (3) COPIES
CERTIFICATE OF OWNERSHIP
MASTERS RECEIPT FOR SAMPLES
MASTERS RECEIPT FOR DOCUMENTS
CARGO MANIFEST
6. Seller shall move the said offshore floating product to a NNPC Onshore China Tank Farm/Storage nearest to Buyers POD by Buyers nominated inspection team for CIQ inspection. Buyer conducts SGS/CIQ/QNQ at buyers onshore tank depot
7. Buyer and Seller shall receive CIQ Inspection report from the inspection.
8. Buyers Bank shall swift and effective MT103 or T/T covering the entire cargo within Twenty-four (24) hours upon receipt of positive CIQ Report from the Inspection Agency as stipulated in the SPA
9. Buyers Shipping/Forward Agent shall handle the transfer of cargo from NNPC onshore China Tank Farm/Storage to Buyers Tank Farm/Storage.
Next transaction begins base on agreement between both parties
NOTE; DISCHARGE WILL ONLY TAKE PLACE AFTER ALL FEES AND COMMISSIONS HAVE BEEN PAID ACCORDINGLY.
*2M-10MBBLS OF BLCO IN NNPC CHINA TANKFARM@$9/5NET
*TRANSACTION PROCEDURE:*
1)Buyer and Seller sign and seal the Sales and Purchase Agreement including full Banking coordinates of Seller and Buyer. Buyer returns signed SPA with complete ATB,CIS format. (Names of persons and inspectors authorized to board the the storage for Q & Q inspection)
2. Seller sends to the buyer an endorsed letter of acknowledgment of receipt of signed SPA and release OFFSHORE CHINA TANKFARM CARGO POP TO END BUYER for buyer's confirmation.
The documents are;
a) Discharge Certificate
b) Storage Information
c) Offshore Storage certificate.
d) Tankfarm Storage Receipt (TSR).
3. Buyer confirm NNPC OFFSHORE CHINA TANK FARM CARGO and issues PREADVICE VIA MT799 to seller's bank on readiness to issue SBLC/BG/MT700DLC/MT799BLOCKED FUNDS.
4) Seller responds with Preadvice via mt799 on readiness to receive instrument
5) Buyer issues SBLC/BG/MT700DLC/MT799BLOCKED FUNDS for total cargo from Top 50 global Banks according to Seller's Approved Verbiage within 3(three) banking days. Buyer sends telex charge copies and copies of SWIFT to Seller for confirmation with Fiduciary Bank.
6. SELLER shall SWIFT Payments with NNPC's Official invoice for the following fees to the NNPC designated account:
(A) FULL CARGO DOCUMENTS TO BE ASSIGNED TO THE BUYERS COMPANY'S NAME.
(B) WARRANTY OF TITLE(WOT).
(C) DIP TEST AUTHORIZATION (DTA).
Reassignment of the following documents will be made to buyer with the WOT.
(1) CLEAN OCEAN BILL OF LADING, ONE (1) ORIGINAL AND THREE (3) COPIES
(2) SELLERS COMMERCIAL INVOICE, ONE (1) ORIGINAL AND THREE (3) COPIES
(3) SGS/SAYBOLT CERTIFICATE OF QUALITY AND QUANTITY, ONE (1) ORIGINAL AND THREE (3) COPIES
(4) CERTIFICATE OF ORIGIN ISSUED BY NNPC, ONE (1) ORIGINAL AND THREE (3) COPIES
(5) CERTIFICATE OF AUTHENTICITY ISSUED BY NNPC, ONE (1) ORIGINAL AND THREE (3) COPIES
(6)/CERTIFICATE OF OWNERSHIP
(7) MASTERï¼? RECEIPT FOR SAMPLES
(8) MASTERS RECEIPT FOR DOCUMENTS
(9) CARGO MANIFEST
7) Upon payment of fees by Seller for Cargo Re-Assignment and Warranty of Title for the cargo, all cargo Documents as well as all rights to the cargo is re-assigned and issued to Buyer and in their favour by NNPC.
(8) Warranty of Title and Re-assigned documents are sent to the Tank Farm Manager, upon verification of the documents and Warranty of Title by Tank Farm Manager, Dip Test Authorization is issued to Buyer.
(9) Dip Test (DTA) is carried out in an NNPC ONSHORE China Tank Farm/Storage nearest to buyer's POD by Buyer's nominated inspection team
SELL: Saudi Light Crude Oil
COMMODITY: Saudi Light Crude Oil
SPECIFICATIONS: Standard export grade
QUANTITY: 30 to 50 million barrels per month
DURATION: 3 Years with rolls and extensions to 5 years
DELIVERY: FOB, Saudi Arabia
PRICE: Shall be determined by the average of three consecutive days around the Bill of Lading (the day before, the day of b/1 and the day after) based on Dubai Platt's.
DISCOUNT: Gross USD 8.00/BBL, Net USD 5.00/bbI to the buyer.
COMMISSION: USD 1.50/BBL Seller Side.
USD 1.50/BBL to be divided between Buyer and Sellers side. Buyer pays all commissions.
Product name:Used Cooking Oil(UCO)
Quantity of order: 100 tons
Loading port:Tianjin China
FOB price of UCO: US$325/MT
Packing:Flexitanks
Delivery time:within 10 days when we receive your advance payment
