Procedures
1)LOI
2)MT199
3)seller offer TSR(tank receipt) and unconditional dip test Authority
4)buyer DIP and PAY
5)buyer has five days of free tank take over. Buyer responsible for tank cost after five days. TTO starts soon as payment is received.
*Can be discussed, but Seller SGS is not necessary, the buyer will get the dip test permission and TSR from the terminal, he can make arrangements to do SGS before pay.
VENEZUELA CRUDEProvide LOI and Charter Party Agreement, then will engage to provide full details.
Seller willing to provide 2m bbls, but for a first client they prefer to work on smaller quantity.
*Also willing to work on ship to ship xfer if the buyer prefers to work on the open water.
Merey 16 Crude Oil and Mesa 30 Crude Oil
1 million barrels
f o b Port of Jose Venezuela
1. Buyer issues letter-of-intent, seller responds with FCO.
2. Buyer provides details of his nominated vessel / vessels.
3. Seller responds with authorization for loading at the Port of Jose in Venezuela.
4. Buyer ship enters the Port of Jose for loading.
5. After loading, buyer conducts dip test for quality and quantity of product.
6. On successful completion of the dip test, buyer submits copy of the dip test to the seller and makes payment in the value of the amount loaded.
7. Seller issues crude origin documents from Trinidad and Tobago and ship is released for destination.
Send the ship to PDVSA terminal or ship-2-ship on Venezuela water. Payment made to American company after dip test on the vessel.
We have crude oil and must be sold to a refinery, however, brokers are expected to handle the initial back and forth.
Price is 2 dollars under Mexico Platts, .50 cents for both sides.Please email us LOI if interested to bgexchange21 at gmail dot com
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.
As a leading supplier in the energy sector, Premium Global Service offers reliable sourcing of crude oil. We maintain strong relationships with reputable producers worldwide, ensuring a steady supply of crude oil that meets international standards. Our expertise in logistics and compliance ensures seamless delivery to your specified destinations
At Premium Global Service, we excel in supplying high-quality base oils tailored to meet various industrial and commercial needs. Our extensive network of trusted suppliers and stringent quality control measures ensure consistent product excellence. We offer a range of base oil grades, including Group I and Group III, meeting diverse specifications and delivered with reliable logistics solutions.
Transaction Procedures Loaded Super Tanker - Bonny Light (BLCO) Action required immediately Trial & SPA Price: Brent Platt minus $3 per barrl Trial Quantity: 2million barrels (+/- 5%)
No Buyer Loading costs No Buyer Port Charges - Freight to Port of Destination is prepaid by Seller**
Contract available Up to 2 million barrels per week under SPA
CIF -Freight prepaid Trial Delivery.
The Seller issues an FCO to the Buyer.
The Buyer sends an ICPO and CIS (of both Buyer and Instrument provider, if different), to the Buyer.
The ICPO must contain the full content of this procedure, details of Buyer bank who will issue the SWIFT MT799 and details of the Buyerâ??s elected destination (Discharge) Port, (Country, City, GPS coordinates) (which can accept 2m barrels)
**Please note for the trial order, the freight is fully prepaid by Seller to accommodate a reasonably distanced elected Buyerâ??s Port of Destination. â?? Details of any prepayment limitation will be advised once the Buyer provides full details of their elected desired Port of Destination. Naturally, the Buyer is responsible to cover any incremental freight charges incurred if they decide to change their elected Port of Destination after contracts are papered.
**PLEASE CONTACT FOR FULL PROCEDURE***
Suppose you have an oil refinery in the US or Europe. In that case, Our Bonny light crude oil supplier is willing to supply, without any bank instruments & upfront funding, 2 million Barrels Per shipment, that shall be delivered to your destination.
Buyer: September 01, 2023
Attn.:
We, ------------, represented by Mr. -------- ------------, hereby confirm with full corporate
responsibility, that we are ready, willing and able to enter into a sales purchase agreement for
the below mentioned commodity;
Commodity : Nigeria Light Crude Oil (BLCO)
Quantity : 2 million barrels
Term : Spot + rolls & extensions
Delivery : CIF Europe/United States of America/Middle East
Price : DTD Brent Minus USD $3.00
Payment : MT103/TT
CIF PROCEDURES
1. Buyer issues ICPO with full banking details.
2. Seller issues Pro-forma invoice or SPA for Buyer to sign and return.
3. Buyer provides full port and agent details for NOR/ETA.
4. Within 10 days, Seller program, loads and send full cargo shipping documents to Buyer.
5. Vessel master issues NOR/ETA and set sails to Buyer�?�´s port of discharge.
6. Buyer issues commitment to pay (MT199) upon Q & Q report at port of discharge.
7. On arrival, vessel master issues NOR/ATB for inspector to board for quality & quantity
test.
8. Upon inspector�?�´s quality & quantity report, Seller issues commercial Invoice for Buyer to
make payment via MT103/TT
9. Discharge commences into Buyer s storage tanks.
10.Upon confirmation of payment, Seller transfers title.
Kindly reach out to us on whatsapp +1832-692-5109 if you are interested in Nigeria NNPC Bonny Light Crude Oil. We work directly with the Nigerian NNPC and we are direct contact to the ministry. Send us your LOI and we will surely meet all your Crude Oil need on a timely manner, either via FOB or CIF.
Serious can also have a whatsapp or zoom conference meeting with us for more clarity.
Below is our email for zoom conference meeting arrangements
usbroker.nreltd at gmail. com
