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      You are in ::  Home > Crude > Read
Crude Oil Read
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Count : 60
CIF DELIVERY TO ANY SAFE PORT IN THE WORLD AVAILABLE 2018-10-11
 

This is for serious buyers only please!
Adhere to Procedure before contacting me
Thanks .

TRANSACTION PROCEDURE FOR CIF



1. SELLER ISSUES CONTRACT (SPA)

2. BUYER AND SELLER SIGN AND SEAL CONTRACT (SPA) INCLUDING BANKING COORDINATES AND BUYER SHALL RETURN THE SAID CONTRACT WITH NOR/ETA/ATB FORMAT TO THE SELLER. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE AND MUST NOT BE CHANGED. THE EXECUTED SPA IS LODGED IN THEIR RESPECTIVE BANKS.


3. BUYER’S BANK PRE-ADVISES SELLER’S BANK WITH SWIFT MT799 IN SELLER’S VERBAGE (SEE APPENDIX A) THAT BUYER’S BANK WILL SWIFT SBLC/ BG VIA MT760 FOR ENTIRE COST OF PRODUCT AND SELLER’S BANK RESPONDS,STATING ITS READINESS TO RECEIVE THE MT760 FOR ENTIRE COST OF PRODUCT AND SENDS SOFT COPIES OF CARGO DOCUMENTS TO BUYER .


4. UPON COMFIRMATION OF AVALABILITY OF PRODUCT, BUYER THROUGH HIS BANK ISSUES THE SBLC/BG VIA SWIFT MT 760 FOR ENTIRE COST OF PRODUCT FROM A FIRST CLASS BANK IN THE WORLD TO THE SELLER’S NOMINATED ACCOUNT IN SELLER’S VERBIAGE (SEE APPENDIX B) AND BUYER ADVANCED TRANSMISSION/SWIFT COPY TO SELLER BY E-MAIL FOR CROSS-VERIFICATION WITH HIS BANK. SELLER ISSUES 2% PERFOMANCE BOND TO BUYER

5. UPON SELLER’S BANK CONFIRMING BUYER'S FINANCIAL INSTRUMENT, SELLER LOADS TWO MILLION BARREL (2MBBLS) BONNY LIGHT CRUDE OIL (HERE IN NIGERIA) AND DOCUMENTS THE CARGO. SELLER SENDS SOFT COPIES OF CARGO DOCUMENTS IN BUYER’S NAME TO BUYER, BONKERS THE VESSEL & RECHARTER THE VESSEL.

6. SELLER’S AUTHORIZES CAPTAIN TO ISSUE NOR/ETA IN BUYER’S FORMAT AND COMMENCE VOYAGE AND SAIL VESSEL TO BUYER'S PORT OF DESTINATION FOR QUANTITY AND QUALITY ANALYSIS (Q&Q).

7. UPON SUCESSFUL Q&Q ANALYSIS AND PRESENTATION OF INVOICE, BUYER’S PAYS FOR ENTIRE COST OF PRODUCT VIA SWIFT MT103 WIRE TRANSFER, WITHIN 48HRS TO SELLER’S ACCOUNT AND COMMISSIONS TO INTERMEDIARIES ACCOUNT IN THIS SPA.

8. UPON CONFIRMATION OF FULL PAYMENT FOR THE ENTIRE CARGO TO SELLER’S NOMINATED ACCOUNTS AND COMMISSIONS INTERMEDIARIES BANK ACCOUNTS, ALL ORIGINAL DOCUMENTS WOULD BE HANDED OVER TO BUYER.

ucheken77@gmail.com
+2348036157572


 
 Contact Information
Name   Mr. KENNETH NWATU 
Company   Member : CrudEnergy LLC USA 
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Tel   2348028567080 
Fax   00000 
Mobile   2348036157572 
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IP   41.190.14.105 

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