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      You are in ::  Home > Crude > Read
Crude Oil Read
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Count : 48
BLCO PROCEDURE CIF ASWP VIA SWIFT MT700 DLC 2019-01-12
 
PRODUCT: BLCO
QUANTITY: 2 MILLION BARRELS.
PRICE: USD$10.00 / USD$8.00
DESTINATION: CIF ASWP
PROCEDURE:

1. NNPC SENDS ITS OFFICIAL CONTRACT.

2. AFTER BUYERS CONFIRMATION AND ACCEPTANCE OF PROCEDURES, BUYER AND NNPC SIGN AND SEAL THE CONTRACT AND EXCHANGE THE SIGNED COPY BY ELECTRONIC MAIL, AND ELECTRONICALLY SIGNED COPY BY BOTH PARTIES SHOULD BE CONSIDERED LEGALLY BINDING AND ENFORCEABLE, AND BUYER SEND NOR/ETA FORMAT WITH DETAILS AND PASSPORTS OF INSPECTORS.

3. BUYER AND NNPC LODGE FULLY EXECUTED CONTRACT IN THEIR BANKS.

4. NNPC BONNY TERMINAL ISSUES OFFICIAL CONFIRMATION LETTER OF THIS TRANSACTION AND NOMINATION LETTER OF THE FIDUCIARY ACCOUNT TO RECEIVE SWIFT MT700 DLC TO BUYER. THE OFFICIAL LETTERS WILL BE ISSUED VIA NNPC BONNY TERMINAL AGENT.

5. BUYERS BANK OFFICER SENDS OFFICIAL EMAIL TO FIDUCIARY BANK OFFICER VIA BANK OFFICER EMAIL REQUESTING THE BUYERS BANK OFFICER TO CONFIRM THE TRANSACTION AND READINESS TO RECEIVE SWIFT MT700 DLC AND THE FIDUCCIARY BANK OFFICER REPLIES VIA BANK OFFICER EMAIL CONFIRMING THIS TRANSACTION AND READINESS TO RECEIVE THE SWIFT MT700 DLC.

6. WITHIN 24 HOURS BUYERS BANK ISSUES SWIFT MT700 DLC OF AMOUNT USD$100,000,000.00 ACCORDING TO THE VERBIAGE APPROVEED BY NNPC BONNY TERMINAL IN FAVOR OF NNPCS OFFICIALLY NOMINATED FIDUCIARY NAME AND DELIVER IT TO THE FIDUCIARYS NOMINATED ACCOUNT BY SWIFT MT700 AND SEND COPY TO NNPC EMAIL bonnyterminal@nnpc-jvoprscomd.com AND A COPY TO NNPC AGENT ovinvichtrading@mail.ru FOR TRACING AND CONFIRMATION WITH NNPC BONNY TERMINAL.


8. BUYER SENDS READINESS NOTIFICATION AND POP CONSIGNEE NAME TO NNPC.

9. NNPC BONNY TERMINAL WITHIN 10 BANKING DAYS CONFIRMS BUYERS DLC THEN NNPC SENDS NOR/ETA TO BUYERS PORT OF DISCHARGE VIA VESSELS CAPTAIN AND NNPC ISSUE FULL POP IN BUYERS NAME AS THE CONSIGNEE OF THE CARGO UNDERWAY TO BUYER'S PORT OF DISCHARGE AND AUTHORITY TO SALE (ATS) THROUGH NNPC CORPORATE EMAIL ADDRESS: bonnyterminal@nnpc-jvoprscomd.com TO BUYERS EMAIL ADDRESS AND NNPC AGENTS EMAIL, BUYERS BANK OFFICER EMAIL AND BUYERS INSPECTORS EMAILS.


10. NNPC AUTHORISE THE BUYER AND BUYERS AGENTS TO BE IN CONTACT WITH THE CAPTAIN OF THE VESSEL AS CABIN SATCOM WILL REMAIN OPEN ON AGREED WINDOW TIMES DECIDED BETWEEN BUYER AND VESSEL CAPTAIN.

11. NNPC ENSURES THAT THE CARGO IS REGISTERED AND PROGRAMMED IN THE BUYERS NAME AFTER SWIFT MT700 DLC CONFIRMATION. NNPC SENDS SHIPPING AGENT TO BUYER WITH REASSIGNMENT DOCUMENTATION.

12. BUYER CONDUCTS INSPECTION AND RELEASE OR GET SGS REPORT OR ANY CIQ REPORT.

13. VESSEL SAILS TO PORT OF DISCHARGE OR NOMINATED BUYERS STORAGE TANKS.


14. WITHIN 72 HOURS AFTER DISCHARGE OF CRUDE OIL AT BUYERS PORT OF DESTINATION OR TO THE BUYERS STORAGE TANKS, THE BUYER PAYS FOR CRUDE OIL AS PER THE FINAL CIQ REPORT ISSUED BY INDEPENDENT INSPECTOR AT THE PORT OF DISCHARGE.
PAYMENTS IS MADE BY SWIFT WIRE TRANSFER MT103 OR TELEGRAPHIC TRANSFER DIRECTLY TO NNPCS OFFICIALLY NOMINATED RECEIVING FIDUCIARY BANK ACCOUNT STIPULATED IN CONTRACT/SPA WITHIN 72 HOURS AS WELL AS COMMISSIONS TO AGENTS AFTER PRODUCT DELIVERY TO BUYERS NOMINATED PORT OF DISCHARGE AGAINST PRESENTATION OF STATED SHIPPING DOCUMENTS, CIQ REPORTS, COMMERCIAL INVOICE, ETC (NON-NEGOTIABLE DOCUMENTS) AT BUYERS BANK.

15. THE INITIALS OF THE CONTRACT FOR BUYER / NNPC HAVE TO APPEAR ON EACH PAGE AND SHALL ACTS AS ACCEPTANCE OF THE COMPLETE CONTENT FOR QUANTITY, DISCOUNT AND PROCEDURES.

16. AFTER THE FIRST SUCCESSFUL TRANSACTION PROVING BUYER CAPABILITY, BUYER AND NNPC ENGAGE LONG TERM CONTRACT AS AGREED BY NNPC.

IF YOU HAVE BUYERS WHO CAN WORK THIS PROCDURE THEN REQUEST FOR THE SPA.
THANKS.
CHIJIOKE EDE
WHATSAPP: +79260043085
 
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