1. Seller and Buyer sign and seal this contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both parties is considered legally binding and enforceable.
2. Buyer returns the signed copy with the ATB format (supercargo/inspector full boarding details).
3. Sellerâ??s vessel captain issues Marine ATB from his vessel domain according to buyerâ??s format via e-mail to buyer
4. Buyer issues Notarised/Confirmed Corporate Cheque of N200million which is cashable upon receipt of Attestation
5. Seller issues navy clearance through NNPC.
6. Upon both receipt and confirmation of ATB and Clearance by Buyer, Seller positions the vessel for Quantity and Quality analysis/test (QnQ).
7. Buyerâ??s Supercargo (must be NNPC registered) and a second Buyerâ??s Representative designatedsupercargo/Inspector go on board the sellerâ??s loaded vessel. If Buyerâ??s Supercargo/s is not NNPC Registered, Seller will pay the fees necessary to obtain temporary accreditation for the supercargo, on behalf of the Buyer.
8. Buyerâ??s supercargo confirms product and the vessel captain sends a confirmation/Attestation letter endorsed by the supercargo.
9. Upon receipt of Attestation, Buyer promptly wires N200,000,000.00 into Sellerâ??s Account
10. The Buyers Representative designated as supercargo/inspector, takes samples (total of 4 to 7 litres or as the Captain may allow), and disembarks from the vessel while the first supercargo remains on board until the completion of the TTO transaction.
11. Samples are sent to the laboratory (SGS OR INTERTEK) and Q&Q Report generated and sent to both Buyer and seller. Buyer issues a BG for total cargo, assuming a total volume of 2 million barrels.
12. Seller confirms the BG for total cargo.
.
13. Final Q n Q Report is generated
14. Seller sends final commercial invoice (CI) to Buyer based on quantity of cargo.
15. Seller issues the full list of original copies of cargo documents** in the name of the off-taker nominated by the buyer.
16. Upon receipt of the cargo documents, Buyer makes payment for total cargo via MT103 less the N200,000,000 ($600,000).
17. Seller arranges for Buyer to talk to shipping company and take over vessel via charter party agreement.
18. Seller confirms payment for cargo made by swift via MT103 and pays commissions to all mandates & agents. Cost of payment transfer is borne by each individual/entity or Corporation
19. Buyer takes over vessel and sails to destination.
01. Specific Gravity at 60* F/15.55? C: 0.8397 - 0.8498
02. API Specific Gravity at 60* F/15.55? C: 37.0
03. Density at 60* F/15.55? C - Cg - C M - MAC 0.85 max
04. Pour Point 40* F / 4.44* C
05. Sulfur Content, % Wt. 0.14 max
06. Colour Dark Brown
07. Salinity TB at 0.10% BS&W 47 max
08. Acid Number 0.39 max
09. Reid Vapour Pressure 6.52 psig max
10. Water Content, Pct.(%) 0.50 max
11. Sediment Content, Pct.(%) 0.50 max
12. Iron Wt. Ppm 1.00 max
13. Nickel Wt. Ppm 4.00 max
14. Vanadium Wt. Ppm 2.00 max.
Bonny light crude oil is available from nnpc terminal on FOB/CIF/TT,we work with direct vessel loading terminal and we can offer with good price and good procedure.Contact us for more information.
We sell genuine and real crude oil direct from nigerian government & nnpc payments terms through l/c and we can supply up to 60 million barrels annual.( no upfront payment is required)don't miss to do business with us.
Light-Heavy Crude Oil, from Arab Gulf non sanctioned origin, best realistic economic conditions, safest workable procedures, transparent annul contracts, 12 monthly deliveries, transaction executed bank to bank through our Primary Banks, , delivery on STO & CIF ASWP,, zero upfront payment
Light-Heavy Crude Oil, from Arab Gulf non sanctioned origin, best realistic economic conditions, safest workable procedures, transparent annul contracts, 12 monthly deliveries, transaction executed bank to bank through our Primary Banks, , delivery on STO & CIF ASWP,, zero upfront payment.
Light-Heavy Crude Oil, from Arab Gulf non sanctioned origin, best realistic economic conditions, safest workable procedures, transparent annul contracts, 12 monthly deliveries, transaction executed bank to bank through our Primary Banks, delivery on STO & CIF ASWP,, zero upfront payment.
Rajma white is superior to the regular rajma and very soft feel and more delicate flavour. These are white in colour. Pulses are low in fat and cholesterol, high in dietary fibre and rich in protein.
For price, specifications and other details please contact us.
CTO offers an alternative to petroleum- and vegetable-based oils, adding value in products such as detergents and soaps, adhesives, lubricants, paints and coatings, biofuels and much more.
*Price: Price: Brent Minus Gross $7/BBL, Net $6/BBL, $1/BBL commission 50/50*
MT ADISA - IMO NO: 9304667
This vessel is ready for a take over transaction in Tema Port, Ghana waters upon receipt of a valid contract and ATB format for boarding for dip test and payment.
The vessel is pregnant with 2,000,000 barrels of Nigeria Light Crude Oil as described further in the available PPOP.
*TRANSACTION PROCEDURE*
1. Byer issue icpo with details company profile and CIS.
2. Seller issues Commercial Invoice (CI) for the available products. Buyer executes and returns.
4. Buyer verifies and confirms the crude oil and pays for it by by SWIFT MT103 100%TT wire transfer payment.
5. Seller transfers the product ownership title and releases all exportation documents to Buyer. Vessel will be re-routed to destination port of the buyer.
*OPEC Allocation*.
Quantity: 900 Million Barrels
Price : FOB ($14 Gross / $10 Net ) / CIF ($12 Gross /$ 9 Net)
*Buyer Receives Allocation License from NNPC Allottee and verify/ confirm the
Allocation through their Refinery the Available products Allotted for sale through
the Shell managed Terminal in Shell Database, London.
* After Confirmation, Buyer issue LOI/ CP / CIS / PROOF OF FUND and authority
to NNPC to verify.
* Seller Confirms the Above and Issue a Contract for Signing between Both
Parties.
*Both Parties Sign the Contract and Buyer is issued Invitation to NNPC Abuja to
finalize the Legality of the Contract and Finalizations on a TTM
* Loading starts in Buyers Name on the appointed Cargos.
Note : (THIS� ALLOCATION IS� CONFIRMABLE� � IN SHELL LONDON only if you have
a Refinery License or through the End Buyers Refinery as a proof the buyer has
end uses for the crude purchase, and its Important and a criteria Required for
been Eligible for this Particular Deal.)
Allocation code / Summary for confirmation.
NNPC London and shell approved of product comfimable details, export
allocation license Ref export /e/28/col./4/593
PROCEDURE FOR CIF TO ANY WORLD SAFE PORT
1. Buyer signs and returns SPA with port of discharge, Agent details, ATB/NOR/ETA formats, with Business Registration Certificate, CIS, passport page of the international passport of the ordering customer (VERY NECESSARY FOR BANK"S DUE DILIGENCE copies BANKING PROCESS/CARGO ASSIGNMENT &DOCUMENTATION: 2. Buyer instruct their bank to send bank to bank PRE-ADVICE/RWA via Mt998 BRUSSELS SWIFT, Confirming Ready Willing and Able to issue the instrument (MT760 SBLC /MT700 DLC for ONE HUNDRED AND FIFTY MILLION UNITED STATES DOLLARS ($150,000,000.00) VIA SWIFT. 3. The Seller fiduciary Bank Responds Will reply the Pre-Advice stating their Readiness, Willingness and Able to receive the instrument. 4. The Buyer instruct his bank to Swift Irrevocable, Confirmable and Operative SBLC ICC STANDARD) Instrument in the sum of ONE HUNDRED AND FIFTY MILLION UNITED STATES DOLLARS ($150,000,000.00) for One Year and One (1) day For long term contract As payment guarantee in Sellerâ??s Approved international standard Verbiage Attached at APPENDIX "A" to Seller Nominated Fiduciary Account.5. Upon receipt and confirmation of the instrument, in seller fiduciary Bank , then seller nominate the vessel name to buyer .6. NNPC/Seller loads or assigns exclusive one vessel of (xxx million barrels) and cargo documents in seller/buyerâ??s name; Vessels captain issues NOR/ETA to buyer, shipping agent and inspectors. LIST OF DOCUMENTS TO BE PROVIDED AFTER LOADING OF CARGO AS PROOF OF PRODUCT (POP): A) Clean Ocean Bill of Lading, One (1) Original and three (3) copies B) Sellerâ??s Commercial Invoice, One (1) Original and three (3) C) Certificate of Origin issued by NNPC, One (1) Original and three (3) copies D) Certificate of Authenticity issued by NNPC, One (1) original and three (3) copies. E) Certificate of ownership F) Masterâ??s receipt for Samples G) Masterâ??s receipt for Documents H) Cargo Manifest I) Certificate of Quality & Certificate of Quantity from NNPC Loading Terminal J) NNPC Authority To Sell (ATS) Cargo Onboard 7. Vessels sails to buyer port of discharge. On arrival of the Vessel e-booking and radio announces (with recording) arrival to Discharge port authority in Buyerâ??s Name. After port clearance and payment of port charges by the buyer, Seller and Buyer Agent continue to maintain communication with vessel captain. 8. Then Captain issue Marine Authority to Board (MATB) to enable buyer's independent inspectors to come on board and perform Q/Q. 9-COMMERCIAL INVOICE:. Upon successful conclusion of Quality test analysis, Buyer Inspectors release Q &Q report to both parties, while Seller issue commercial invoice to the Buyer with exact Q/Q report figures.10. Buyer releases full payment for cargo to Seller's /agents nominated bank within 72hours after inspection against Final Quantity Report, Commercial Invoice and Cargo Documents by MT-103 (cash wire). 11. Seller authorizes Captain to discharge cargo into Buyers tank storage facility.
