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      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 210
Buy :: 51
News :: 3
Count : 64
ONSHORE CHINA BLCO 11/7 2019-01-12
 
12. ONSHORE TRANSACTION PROCEDURES:
1. Seller issues signed/sealed Draft SPA included banking details to Buyer; Buyer signs/seals & returns Draft SPA after inserting Banking details, Legal Representative's Passport-Copy and Certificate of Incorporation to Seller. Note: (Electronic SPA Contract shall be deemed with legal force).
2. Seller provides buyer with the following confirmable documents:
a, Discharge certificate
b, Storage certificate
c, Storage information
d, Tank receipt

3. Buyer issues MT 799 blocked fund or SBLC via MT.760 after the verification of the documents stated in 2 above, stating seller's MT799 blocked fund verbiage.

4. After verification of buyer's instrument, Seller issue DTA.

5. Buy arrange for CIQ to do Dip test.

6. Buyer issue full invoice payment by MT103 TT within 3 banking days after Q&Q report is done. And seller submit the under listed documents to buyer.

1) Clean Ocean Bill of Lading, One (1) Original and three (3) copies
2) Sellers Commercial Invoice, One (1) Original and three (3)
3) Certificate of Origin issued by NNPC, One (1) Original and three (3) copies
4) Certificate of Authenticity issued by NNPC, One (1) original and three (3) copies
5) Certificate of ownership
6) Masters receipt for Samples
7) Masters receipt for Documents
8) Cargo Manifest
9) Commercial Invoice
10) Title transfer of the product to the Buyer.




13. WARRANTIES
The Sellers warrants that it has the clear and qualified rights to sell or otherwise dispose of the Cargo as offered to him which, is the subject matter of this Contract Agreement and that the Cargo is clear of all liens and encumbrances.


14. DOCUMENTS
14.1. The following documents will be handed over to the Buyer for confirmation that the product has been discharged:
• Original and 3 copies of commercial invoice.
• Full set of 3 original and non-negotiable copies of bill of lading
• 1 Original and 3 copies of Certificate of Quantity
• 1 Original and 3 copies of Certificate of Quality
• 1 Original and 3 copies of Certificate of Origin
• 1 Original and 3 copies for master's receipt of each one-copy document, excepting commercial invoice
• 1 Original Ullage report issued at loading terminal.

14.2. Any other documents pertaining or related to the current transaction, duly signed by an authorized person(s) and as required by and specified in the RLC.

 
 Contact Information
Name   Mr. Joseph Kouassi 
Company   Member : AXEM EXPORT 
Email   Log In to See Email 
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Tel   4388823019 
Fax   5143363019 
Mobile   4388823019 
Web    
IP   23.252.38.18 

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