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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 441
Buy :: 107
News :: 21
Count : 237
BUYER PROCEDURE 2MB NENDED AND WE NEED A SERIOUS SELLER WHO CAN GO WITH THIS PROCEDUREAND PLEASE NOTE OUR PROCEDURE IS NOT NEGOTI 2018-07-12
 
PROCEDURE 1.
Seller releases his/her signed SPA (with an attachment of a copy of seller's
international passport ).

2. Buyer confirm the SPA and signs and seals the Contract with banking
Coordinates and ETA/NOR format and exchange the signed copy by
electronic mail. (Buyer also attach Copy of International Passport) The
electronic and signed copy by both Parties is considered legally binding and
enforceable and must not be changed.

3. The executed SPA is lodged with their respective banks

4. Buyer issues Blocked Fund via MT799 to seller’s bank for United States
Dollars One Hundred Million for one vessel of value of 2 million barrels.(the
block funds is other a condition of the Agreements letter that will be sing by
the both painters)

5. Upon receiving Buyer's Blocked Fund, Seller's 2% Performance Bond
automatically activated and Seller's bank send swift free message to Buyer's
Bank informed that PB is activated. Seller issues full POP bank to bank basis
only and NOR/ETA to buyer’s shipping agent.

6. Seller authorizes vessel Captain to issue MATB/DTA to Buyers Inspectors
while Buyer clears the vessel and boards Inspectors who performs timely
Q&Q/CIQ analysis/inspection at Buyer’s expense.

7. Immediately after successful Q&Q analysis, Vessel sails to Buyers
discharge port and discharge into buyer tank farm.

8. Seller releases loaded cargo documents in favor of the Buyer and hard copy
delivered to Buyer. Buyer makes full Payment via Swift MT103 Wire Transfer
for total cargo to Seller’s nominated bank account within 3 to 5 banking days.
Seller shall pay all commissions to agents and facilitators the same day he
receives payment from the Buyer. NOTE- Terms for both 2% PB and Blocked
Fund Via MT799, as below:-• 90 DAYS VALIDITY FOR 2 MILLION BARRELS AS FIRST SPOT SHIPMENT
AND FIRST CONTRACT SHIPMENT.

• 180 DAYS VALIDITY FOR FOLLOWING 2 MILLION BARRELS PER MONTH
AS YEARLY CONTRACT (PB & BLOCKED FUND VIA MT799 SHALL BE
REISSUED IN 6 MONTHS TIME).
• Full text of Pre Advise PB issue from Seller’s bank must be scanned and
email for buyer confirmation before Swift by seller’s bank.
• Full text of Blocked Fund via MT799 issue from Buyer’s bank must be scan
and email to seller for confirmation before swift by Buyer’s Bank
Price for Buyer’s Blocked Fund via MT799 shall follow the Seller’s PB
issuance price as per (DTD) Brent, as stated in the Platt’s Oil gram Market
Report. Seller’s PB price shall be confirmed upon swift Pre Advise PB.


lindaroyalglobal@gmail.com
WHATSAP NUMBER +393511097665
 
 Contact Information
Name   Mr. karimu shaibu 
Company   Member : ROYAL GLOBAL LINDA 
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Tel   +393511097665 
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Mobile   +393511097665 
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IP   95.239.177.62 

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