We, IMAC PETROLEUM PRODUCTS TRADING hereby issue this official FULL CORPORATE OFFER with full power and authority with given terms and conditions and confirm our readiness to execute a Sales and Purchase Agreement directly with end Buyers and Mandates, for supply of the following commodities in accordance with the terms and procedures the Refinery as stipulated in this FULL CORPORATE OFFER.
LIST OF PRODUCTS
DIESEL GAS D2 OIL GOST 305-82
MINIMUM LIFTABLE QUANTITY: 10,000 MT MONTHLY
MAXIMUM LIFTABLE QUANTITY: 200,000 MT MONTHLY
PRICE C.I.F./T.T.O: GROSS USD $ 350 MT NET: USD $ 340.00 MT
ORIGIN: RUSSIA PRODUCT SPECIFICATION: CHECK BELOW
AVAILABILITY: PRODUCT IS AVAILABLE FOR IMMEDIATE LIFT
LOADING PORTS: RUSSIA/ROTTERDAM/HOUSTON/TTO
plus many more...just send us your Offer to Purchased with Payment Terms/budget
Name of COMMODITY / Product: BONNY LIGHT CRUDE OIL (BLCO)
PRODUCT DESCRIPTION: Light Crude Oil
END SELLER COMPANY: NIGERIAN NATIONAL PETROLEUM CORPORATION (NNPC) Abuja/Bony Ocean Terminal, Nigeria
ORIGIN: NIGERIA
ONLY RWA IS NEEDED TO RECEIVE FULL POP UPFRONT IN BUYER'S NAME
SHIPPING TERMS: CIF, TTO
Port of delivery: CHINA, ROTTERDAM, ASWP, GHANA, ANY SAFE PORT.
PRICE USD (CHINA, ROTTERDAM, ASWP, any safe international water): NWE Platt USD -$10-/BBL GROSS, USD -$6/BBL NET Discount or $10 less $4
PRICE USD (GHANA): NWE Platt USD -$12/BBL GROSS, USD -$8/BBL NET Discount.
OR N50/46 NET (NIGERIA TO GHANA WATERS)
PAYMENT TERMS: MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND via SWIFT
SPECIFICATIONS: INTERNATIONAL EXPORT STANDARD
PROCEDURE NNPC BONNY LIGHT CRUDE OIL (BLCO)
1. Buyer/seller signs SPA
2. Buyer returns SPA with ATB format, seamen details & RWA
3. Seller confirms RWA & load or nominate a vessels that's already in high sea or in/near China, with the full shipping docs in buyer's name.
A. 1 Original and 3 Copies Clean Ocean Bill of Lading.
B. 1 Original and 3 Copies of Certificate of Origin issued by NNPC
C. 1 Original and 3 Copies of Certificate of Authenticity issued by NNPC
D. 1 Original and 3 Copies of Masterâ??s Receipt of Samples
E. 1 Original and 3 Copies for Masterâ??s Receipt of Documents
F. 1 Original Tanker Ullage Report issued at loading Terminal.
G. 1 Original and 3 Copies of Cargo Manifest
H. 1 Original and 3 Copies of Certificate of Quantity.
I. 1 Original and 3 Copies of Certificate of Quality
J. 1 ATS (Authority to Sell)
K. Vessel Q88
4. Buyer confirms docs in his/her name & raises MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND via SWIFT in favor of seller
5. Seller confirms Buyerâ??s issued SWIFT
MT760 SBLC/MT700 DLC/MT760 BG/MT760 BLOCK FUND and order the loaded Vessel to move to the point of discharge for announcement.
NOTICE: Seller will instruct the Vessel's Master to send to Buyer or Buyer's agent ETA notice every twenty-four (24) hours, 48/24/12 hours prior to arrival at the port of discharge. N.O.R. (Notice of Readiness) is to be tendered only during working hours in China, i.e. between 08:00 and 16:00 hours.
BLCO On TTO (Already Loaded Vessels Heading) To China/ Rotterdam Waters With Bg/sblc Mt760 Of $20,000,000.00 Only For Two Million Barrels [2mbrls] Only. Price: $10/$6 Net. Commission: $4 ($2 Each Sides)
1. Buyer And Seller Sign And Seal The Sales Purchase Agreement (Spa), Proof Of Funds(Pof), Cis Of The Buyer/offtaker, Certificate Of Registration Return. Signed Documents Are Lodged In Their Banks. The Electronic Signed Copy Of Spa By Both Parties Is Considered Legally Binding And Enforceable And Must Not Be
Changed Without The Written Consent Of The Parties.
2. Within 48 Hours Of Signing The Contract, Buyers Top 100 Bank, After Exchange Of Bank Rwa/preadvice Communications Between Buyers Bank And Sellers Fiduciary Bank. Buyers Bank Issues An Operative, Irrevocable, Divisible, Transferable Mt760sblc/bg Of Usd $20,000,000.00(Twenty Million Dollars) For Two Million Barrels [2mbrls] Only Valid For 366 Days According To Seller's Verbiage On Last Page Of The Spa.
3. Seller's Bank Confirms Buyers Mt760sblc-bg Of Usd$20,000,000.00 (Twenty Million Dollars) For Two Million Barrels [2mbrls] Valid For 366 Days According To Seller's Verbiage On Last Page Of The Spa And Seller Sends The Shipping Documents (Pop) Programmed In Buyers Name To Buyers Bank.
4. Seller Authorizes Vessel Captain To Send Mnor/eta To Buyers Harbor Master Confirmable By Buyers Shipping Agency And Moves Cargo To Buyers Pod In China For Ciq.
5. Vessel Announce Arrival At Buyers Destination Pod And Boards Buyers Inspectors And Supercargo For Q&q/ciq At Agreed Location Inside Buyers Port. Upon Successful Conclusion Of Q/q Analysis, Inspectors Release Report To Both Parties While Seller Issue Commercial Invoice To The Buyer With Exact Q/q Report Figures.
6. Buyer Releases Full Payment For Cargo To Seller's Nominated Bank Within 48 Hours After Inspection Against Q/q Report, Commercial Invoice And Cargo Documents By Mt-103 (Cash Wire).
7. Seller Confirms Payment & Authorize Captain To Discharge Cargo Into Buyes Storage Tank. Buyer Pays Commission To All Agents Involved In The Transaction Per The Contract.
8. Seller Commence Subsequent Shipments On Simple Dip/ci/pay Basis.
Note: These Blco Procedures Are Primarily Targeted At Serious Buyers Only. It Is Also Aimed At Fishing Out Unserious Buyers. Please Note That Seller Will Not Issue Any Spa For Blco To Any Buyer Until Such A Buyer First Issues Loi/icpo To The Seller. Seller Does Not Have Time For Plastic Buyers, Endemic Time Wasters, Spa Pigeons And Spa Eaters In The Energy Business. Mandates And Facilitators Are Hereby Duly Informed.
PLANNING SCHEDULE : 12 month contract; contract with rollover and Extensions MODE OF PAYMENT : MT700 and MT103/100 (Pay and Clear on Swift Payment) PRICE :
SHIPMENT : FOB and CIF
PORT OF DELIVERY : Houston TX, Rotterdam, Any Safe Port
BUYER TO AGREE TO SELLERS PROCEDURES AND PRICE. TERMS AND CONDITIONS APPLY.
we are in a position to secure contracts to procure Iraqi Basra Light Crude Oil and Basra Heavy Crude Oil directly from SOMO (The State Oil Marketing Organization).
Please note that:
SOMO sells oil to refineries only on FOB basis, in accordance with OPEC regulations.
Iraq offers attractive Distance Discounts depending on location of the refinery.
Our role is limited to securing a contract with SOMO, we have nothing to do with prices and discounts.
No upfront payment. SOMO collects payment from the Revolving Documentary Letter Of Credit (RDLC) which would be established by the buyer after signing the contract within 30 days from date of departure of the buyer�¢??s ship after loading of oil and handover of Certificate of Transfer of Oil Ownership from SOMO to the buyer.
If you need further clarifications or have questions, please feel free to contact me.
Regards,
