WE DO NOT ACCEPT BUYER'S PROCEDURES
This advert is for large volume Chinese buyers or any other big volume buyers that can purchase large quantities of Bonny Light Crude Oil (BLCO) with a minimum of 10 million - 50 million barrels per month for a 12-60 months basis.
Kindly make sure buyer has the funds in place in order to move forward with the transaction as we don't want any window shoppers please. Buyer MUST be able to SWIFT their MT799 the transaction within 14 days of receipt of SPA.
Procedures are non-negotiable and please no time wasters, window shoppers or unserious buyers should get in contact as we will not respond back. Do not request for vessels in China waters or tank farm as we do not deal in this. We also do not post 2% performance bond so please do not ask for it. Procedures are non-negotiable and ONLY direct buyer or direct buyer's mandate can get in contact with me.
I will NOT respond back to any facilitator that gets in contact. Buyer MUST have funds already in place should they wish to get in contact with me and must be ready to move on the transaction right away without delay or excuses.
A. Buyer's bank can MUST be prime global bank
B.Buyer MUST indicate what instrument they want to SWIFT when you communicate with me and ask for SPA. We accept MT799.
Only direct buyer or buyer's mandate can get in contact with me only if direct buyer has accepted the procedures and seller's format and verbiage for pre-advice and SWIFT of MT799.
Kindly get in contact with me only if buyer has accepted procedures and has requested for SPA and also let me know what instrument buyer will SWIFT. No facilitators please.
GROSS DISCOUNT OF USD $16.00 AND A NET OF $10.00 TO BUYER.
BUYER’S AGENT/BROKERS:……………………USD$3.00 (OPEN)
SELLER’S AGENT/BROKERS……………………USD$3.00 (CLOSED)
6.0 PROCEDURES NON-NEGOTIABLE / PAYMENT INSTRUMENT:
NOMINATIONS, SHIPMENT & PROCEDURES
I. BUYER & SELLER SIGN AND SEAL THIS CONTRACT AND EXCHANGE THE SIGNED COPY BY ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE.BUYER MUST RETURN THE FOLLOWING REQUIRED DOCUMENTS LISTED BELOW WITH SIGNED SPA SAVED AS A PDF FILE FOR EACH REQUIREMENT.
BUYER SUBMITS THE FOLLOWING NON NEGOTIABLE REQUIREMENTS FOR DUE DILIGENCE.
A. CIS (CLIENT INFORMATION SHEET-(COMPANY PROFILE) OF ISSUER OF INSTRUMENT.
B. SCANNED PASSPORT COPY OF THE BUYER
C. CERTIFICATE OF BUSINESS REGISTRATION
II. BUYER SWIFTS PRE-ADVICE AND MT799 BASED ON FORMAT AND VERBIAGE GIVEN BELOW TO SELLER’S NOMINATED FIDUCIARYBANK.
(SOFT COPY OF THE MT799, WITH PIN CODES MUST BE RETURNED TO SELLER WITH SIGNED SPA)
III. SELLER ENSURES THAT THE CARGO BE REGISTERED AND PROGRAMMED IN BUYER’S NAME. SELLER ISSUES FULL LOADING DOCUMENTS FOR BUYER’S VERIFICATION, COST OF REGISTRATION OF CARGO ON BUYER’S NAME IS ON ACKNOWLEDGEMENT OF INSTRUMENT. UPON VERIFICATION, AND CARGO CONFIRMATION:
IV. SELLER CONDUCTS INSPECTION AND RELEASE TO BUYER SGS REPORT/CPA OF THE VESSEL
V. VESSEL MASTER SENDS NOR/ETA TO BUYER’S PORT/HARBOUR MASTER AND SAILS TO PORT OF DISCHARGE. UPON ARRIVAL, VESSEL MASTER ISSUES MARINE AUTHORITY TO BOARD TO BUYER’S NOMINATED INSPECTION COMPANY FOR QUALITY AND QUANTITY ANALYSIS TO BE CONDUCTED ON PRODUCT ON BOARD VESSEL.
VI. UPON SATISFACTORY CIQ OR Q&Q RESULT, PRODUCT IS DISCHARGED INTO BUYER’S NOMINATED STORAGE/TANK.
VII. WITHIN 72 HOURS AFTER DISCHARGE OF CRUDE OIL AT BUYER’S PORT OF DESTINATION THE BUYER PAYS FOR THE CRUDE OIL AS PER THE FINAL CIQ OR Q & Q REPORT ISSUED BY INDEPENDENT INSPECTOR AT THE PORT OF DISCHARGE.
VIII. PAYMENTS ARE MADE BY SWIFT WIRE TRANSFER DIRECTLY TO THE SELLER’S AUTHORIZED BENEFICIARY NOMINATED BANK ACCOUNTS AND COMMISSION AGENTS AS STIPULATED IN THE MFPA IN THIS CONTRACT WITHIN 48 HOURS AFTER
PRODUCT DELIVERY TO BUYER’S NOMINATED PORT OF DISCHARGE AGAINST PRESENTATION OF STATED SHIPPING DOCUMENTS,CIQ OR Q& Q REPORTS, COMMERCIAL INVOICE ETC (NON-NEGOTIABLE COPIES) AT BUYER’S BANK.