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
Currency Ex
Shipping & Storage
Free Trade Zone
Job Center
Event Center
Member List
Glossary
      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 12
Buy :: 1
News :: 0
Count : 395
CIF FOR 2-10 MBRLS BLCO, GROSS $14, NET $8 SELLER $2/BUYER $2/CONSULTANT $2 (SELLER CLOSED OTHERS OPEN). ROTTERDAM OR ANY PORT 2019-08-26
 


CIF PROCEDURE FOR SBLC MT760. ROTTERDAM OR ANY PORT.

ORIGIN: NIGERIA

SPECIFICATION: NNPC EXPORT STANDARD

QUANTITY: One (1) or Two (2) Million or More on Monthly basis

PRICE: Gross $14, Net$8 to buyer,
Commission: $2 Seller Side (CLOSED), $2 Buyer Side (OPEN), $2 Consultants.

PAYMENT: MT103 to be issued by Buyer's Top 25 World Bank.

CIF MT760 WITH 2%PB – ASWP

PROCEDURE:

1. SELLER SENDS SIGNED AND SEALED SALES PURCHASE AGREEMENT (SPA) TO BUYER AND BUYER SIGNS AND SEALS THE SPA AND RETURNS (UNALTERED AND UNCHANGED) TO SELLER WITHIN 48HOURS.
THE ELECTRONICALLY SIGNED COPIES BY BOTH PARTIES ARE CONSIDERED LEGALLY BINDING AND ENFORCEABLE. SPA IS LODGED IN BUYER AND SELLER BANKS.

2. BUYER SENDS SELLER NOR/ETA/ATB FORMATS, ISSUE OF INSTRUMENT CIS/INTERNATIONAL PASSPORT COPY DATA PAGE OF SIGNATORY /CERTIFICATE OF BUSINESS REGISTRATION OR INCORPORATION.

3. BUYER SENDS PRE-ADVICE VIA MT199/MT999 TO SELLER'S NOMINATED FIDUCIARY BANK STATING BUYER BANK WILL SEND SELLER BANK MT760 SBLC UPON CONFIRMATION THAT SELLER BANK WILL POST 2% PERFORMANCE BOND UPON RECEIPT OF BUYERS MT760 SBLC.

(VERBIAGE AVAILABLE FOR ADOPTION.)

4. SELLER BANK CONFIRMS PRE-ADVICE AND RESPONDS TO BUYERS BANK WITH READINESS TO RECEIVE SBLC-MT760 AND ISSUE 2% PERFORMANCE BOND (PB) THROUGH A NOMINATED BANK ACCOUNT UPON RECEIPT OF FULL FUNDED SBLC MT760 INSTRUMENT.

5. SELLER THEN ISSUE VESSEL AND CARGO DOCUMENTS IN BUYER'S NAME.
AND ENSURES THAT THE CARGO IS WELL DOCUMENTED,
REGISTERED AND PROGRAM IN BUYERS NAME AS THE CONSIGNEE

6. WITHIN 72HRS, BUYER'S BANK ISSUES CONFIRMED, IRREVOCABLE, UNCONDITIONAL, DIVISIBLE, TRANSFERABLE SBLC VIA SBLC-MT760 BY SWIFT IN FAVOUR OF THE SELLER (WITHIN 72HRS) ACCORDING TO SELLERS BANK VERBIAGE.

7. SELLER CONFIRMS BUYER'S BANK SWIFT SBLC-MT760 AND POST 2% PB TO BUYER NOMINATED BANK ACCOUNT.

8. UPON ARRIVAL, BUYERS SHIPPING AGENT TO CLEAR THE VESSEL INWARDS AND BERTH THE VESSEL AT SAFE BERTH, VESSEL CAPTAIN ISSUES MATB TO BUYER'S INSPECTORS TO CONDUCT Q&Q. BUYER CONDUCTS Q&Q INSPECTION ON VESSEL. CIQ REPORT IS GIVEN TO BUYER AND SELLER. SELLER GIVES BUYER FINAL COMMERCIAL INVOICE.

9. VESSEL SAILS TO BUYERS STORAGE LOCATION AND COMMENCE DISCHARGE.

10. WITHIN 72 HOURS AFTER DISCHARGE OF CRUDE OIL AT BUYERS PORT OF DESTINATION/STORAGE, THE BUYER PAYS FOR THE CRUDE OIL AS PER THE FINAL QUALITY & QUANTITY REPORT ISSUED BY INDEPENDENT INSPECTOR AT THE PORT OF DISCHARGE. PAYMENTS ARE MADE BY MT103/SWIFT WIRE TRANSFER DIRECTLY TO THE SELLERS AUTHORIZED BENEFICIARY NOMINATED BANK ACCOUNTS AND BUYER PAYS ALL COMMISSION AGENTS/FACILITATORS AS STIPULATED IN THE IMFPA/SPA IN THE CONTRACT ( WITHIN 72 HOURS AFTER PRODUCT DELIVERY TO BUYERS NOMINATED PORT OF DISCHARGE) AGAINST PRESENTATION OF STATED SHIPPING DOCUMENTS, Q&Q REPORTS, COMMERCIAL INVOICE ETC (NON-NEGOTIABLE COPIES) AT BUYERS BANK.



imoyo@mosaxinc.com
www.mosaxinc.com

 
 Contact Information
Name   Mr. Isiak Moyosore 
Company   Member : Mosax Inc. 
Email   Log In to See Email 
   Inquire Now 
Tel   +15104159905 
Fax   +15102008488 
Mobile   +15104159905 
Web   www.mosaxinc.com 
IP   71.202.29.175 

  : 
  back to top
 Copyright © 2004 - 2019 PETROFINDER All rights reserved. :: Term of Use | Privacy Policy |