Home
:: ID  
:: Password  
   
  Free Registration
  Forget ID/Password ?
Crude Oil Bid
Jet Fuel Bid
Fuel Oil Bid
AGO/Gasoline Bid
Crude Oil 
Bunker Oil
Fuel Oil
AGO/Gasoline
Aviation Fuel
L P G
L N G/N G
Base Oil/Lubricants
Bitumen/Cement
Chemicals
Coal/Coke
Metals
Agri/Grains
Equipment/Plants
Project Finance
Virtual Currency
Shipping & Storage
Black List/Forum
Job Center
Event Center
Member List
Glossary
      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 1043
Buy :: 275
News :: 46
Count : 47
PROCEDURES (C.I.F) GROSS PRICDE $10, NET $6 TO BUYER , COMMISSION$4 SPLIT 50/50, SELLER SIDE $2.00 AND BUYER SIDE $2.00 2018-04-17
 

PROCEDURES (C.I.F) GROSS PRICDE $10, NET $6 TO BUYER , COMMISSION$4 SPLIT 50/50, SELLER SIDE $2.00 AND BUYER SIDE $2.00

DESTINATION PORT:SINGAPORE

1. Buyer issues LOI to Seller for purchase of BLCO and in return, Seller issues current Sales Purchase Agreement. (S.P.A), Buyer signs and returns with port of discharge and NOR detail.

2. Buyer’s bank contacts seller’s fiduciary bank via pre-advice (SWIFT MT-199/999 or MT-799) to confirm Buyer's Readiness and ability to Buy One or Two Million bbls of Bonny Light Crude Oil(BLCO) and also indicating interest to issue a full irrevocable, confirmable and transferable MT 760 Stand by Letter of Credit or MT 799 BLOCK FUNDS requesting seller’s fiduciary bank to confirm RWA in the affirmative via Swift MT-199/999 to receive any of the above instrument.

3. Sellers fiduciary bank, upon receipt of the pre-advice swift from buyer’s bank, instantly confirms to buyers bank via pre-advise Swift MT-199 / 999 confirming interest & RWA to receive buyer's bank MT 760 SBLC or MT 799 BLOCK FUNDS from buyer’s bank. NNPC BONNY TERMINAL officialy write to buyer and nominate its fiduciary bank Account to issue a 2% Performance Bond in favour of buyer of the equivalent of the first delivery of One Million Barrels Of Bonny Light Crude Oil(BLCO)after confirmation of buyer’s bank instrument.

4. Within 48hours Buyer’s bank finally issues swift MT-760 SBLC or MT 799 BLOCK FUNDS and NNPC Nominated fiduciary bank posts the agreed 2% PB. NNPC officialy write to buyer to acknowledge the recieved of buyer's bank instrument and Issue verification to buyer for due deligence Verification at NNPC Towers Abuja or at London Shell Screen in UK.

5. Buyer provides his full M/ATB and NOR format and Seller proceeds to nominate, Laycan (Programming), Loads and commences movement of vessel to buyers discharge Port and avails buyer full set of loading documents Released in buyer's company name.
.

6. NNPC/Seller authorizes Vessel Captain to give Marine Notice of Readiness (N.O.R/ETA) and Sail loaded vessel with BLCO 1,000.000 or 2,000.000 Barrels of BLCO to buyers discharge Harbor/Tank/POD.

7. On cargo arrival, Seller's captain issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location.

8. On successful conclusion of Q&Q analysis Report and report submitted to buyer and seller's bank, buyer’s makes full cash payment of cargo and commission to all Agents/Facilitators via SWIFT MT-103 to NNPC/sellers Bank for confirmation.

9. All Original Cargo Documents and Warrant of tittle shall be transferred and hand over to Buyer in buyer's company name.

10. Buyer places other order if need be for 12 months with the same procedures

LOI/ICPO send to addressed
DOTOLAF INVESTMEN
Att : Mr Dotun Olafisoye (CEO)
Via : Betti
 
 Contact Information
Name   Miss. betti utami 
Company   Member : General Trading 
Email   Log In to See Email 
   Inquire Now 
Tel   +6285936173693 
Fax   +62361297415 - +62361298515 
Mobile   +6285936173693 
Web    
IP   112.215.219.81 

  : 
  back to top
 Copyright © 2004 - 2018 PETROFINDER All rights reserved. :: Term of Use | Privacy Policy |