We have our SELLER who is ready to sell his allocation. BELOW is our PROCEDURE and price. PLS NOTE ONCE BUYER SIGNS THE CONTRACT SELLER WILL ISSUE TO BUYER AUTHENTICATION LETTER AND ACKNOWLEDMENT LETTER PLUS ATS CARRYING ALL THE NECESSARY INFORMATION CONCERNING THIS ALLOCATION.
FYI,SELLER IS NOT READY TO MEET ANY BUYER PHYSICALLY IN ABUJA TOWERS SO I DONT WANT ANY PERSON TO CONTACT MI WITH SUCH REQUEST. THE LETTERS WE GIVE YOU IS ALREADY PRIMA FACIE EVIDENCE OF OUR GENUINENESS TO DEAL WITH ANY SERIOUS BUYER.
FOR FOB ONCE BUYER CONFIRMS THE ALLOCATION THEN HE RAISES INSTRUMENT IMMEDIATELY NO ESCROW PLS!!
BLCO CIF BULK ALLOCATION PROCEDURES @$12/8net!!!! . FOR FOB DISCOUNT IS $13/9!!NET
14.1. Seller and buyer signs Contract/agreement.
14.2. Seller releases export license to the buyer
14.3. Upon confirmation of the license/quantity, BUYER PAYS OR escrow sum of $100,000.00 (HUNDRED THOUSAND DOLLARS ONLY) to Seller's Mandate Account,been part payment for reassignments and processing fees.BUT IF ON FOB BUYER RAISES INSTRUMENT FOR THE WHOLE QUANTITY FOR REASSIGNMENT.
14. 4. Upon completion of the reassignment Buyer is issued with LETTER OF AUTHORITY/CONFIRMATION BY THE NNPC stating the available quantity.
14.5. Buyer confirmed the allocation on his name and proceed for loading.
14.5.Buyer pays after Q&Q with MT103 for the total cost of cost of the bulk allocation.
14.6.Vessel is not allowed to sail to buyer's discharge port until seller confirms payment.