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      You are in ::  Home > Crude > Read
Crude Oil Read
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Count : 354
AGO TFD LAGOS AND CALABAR, *10KMT-100KMT OF AGO FOR TTO/TTT NIGERIAN/COTONOU/LOME/GHANA WATERS@N165/4NET or $465/10NET.* 2019-08-27
 
*5KMT-10KMT OF AGO TO TANKFARM*

*BUYER GIVES N100M AS BF AND HE GETS 2% IN CASH WARRANTY OF THE BF*
*LAGOS & OGHARA:N173/2*
*PORT HARCOURT & CALABAR:N175/2NET*

*TRANSACTION PROCEDURES:*
1. Seller issues SPA by electronic means, Buyer signs and returns with throughput agreement and ATB/NOR format, TANKFARM documents and Hiring Receipt with a copy of the issued BLOCKED FUNDS OF N100M.

2. Seller confirms the N100M Blocked funds and gives CASH WARRANTY OF 2% OF THE BLOCKED FUNDS TO BUYER. Seller then confirms throughput agreement and other documents from Buyer and within 48hrs send NOR/ETA to Buyer's Tank Farm facility.

3. Buyer's TANKFARM manager acknowledges the NOR/ETA by confirming availability of space at the Jetty to receive the cargo. Seller then instructs Vessel Captain to sail cargo to Buyers designated Tankfarm.

4. Upon arrival of vessel at the designated Tankfarm, the Captain tenders NOTICE OF ARRIVAL(NOA) and issue ATB to buyer's Inspection Team to board for Calibration and sampling of product for lab analyses.

5. Upon presentation of successful QNQ report BLOCKED FUNDS TURNS TO CASH BEFORE DISCHARGE. Vessel discharges immediately. After the discharge, seller presents original cargo documents and payment advice to Buyer/ his bank.

6. Buyer pays for total cargo within 48 banking hours Less the sum of any initial payment

7. Upon confirmation of payments, transaction closes and parties can on mutual agreement reengage for subsequent deliveries.

*5KMT-10KMT OF AGO TO TANKFARM* .

*LAGOS &OGHARA:N172/2NET*
*PH & CALABAR:N175/2NET*

*TRANSACTION PROCEDURE* :
1. Seller issues SPA by electronic means, Buyer signs and returns with throughput agreement and ATB/NOR format, TANKFARM documents and Hiring Receipt.

2. Buyers bank issues a PREADVICE for total amount for the Cargo in favour of the Sellers Nominated Bank Account. Seller responds via PRE-ADVICE on readiness to issue 1%PB upon receipt of Buyers BG.

3)Buyer bank issues a 100% Unconditional Bank Guarantee(BG) and Seller places 1%PB covering the total cargo.

4) Upon Verification of Buyer's Instrument, Seller confirms the throughput agreement and other documents from Buyer and within 48hrs and instruct the Delivery Vessel Captain to issue NOR/ETA to Buyer's Tank Farm facility.

5) Buyer's TANKFARM manager acknowledges the NOR/ETA by confirming availability of space at the Jetty to receive the cargo. Seller then instructs Vessel Captain to sail cargo to Buyers designated Tankfarm.

6) Upon arrival of vessel at the designated Tankfarm, the Captain tenders NOTICE OF ARRIVAL(NOA) and issue ATB to buyer's Inspection Team to board for Calibration and sampling of product for lab analyses.

7) Upon presentation of successful QNQ report, Vessel discharges immediately. After the discharge, seller presents original cargo documents and payment advice to Buyer/ his bank.

8) Buyer pays for total cargo within 48 banking Hours.

9) Upon confirmation of payments, transaction closes and parties can on mutual agreement reengage for subsequent deliveries.

*10KMT-100KMT OF AGO FOR TTO/TTT NIGERIAN/COTONOU/LOME/GHANA WATERS@N165/4NET or $465/10NET.*

*SELLER GIVES 1%PB AGAINST BUYER'S BG/SBLC FOR TOTAL

*TRANSACTION PROCEDURE(NON-NEGOTIABLE):*
1) BUYER SIGNS AND RETURNS WITH S/CARGO & INSPECTOR DETAILS, ATB/NOR/ETA FORMAT and VESSEL DETAILS.

2) BUYER'S BANK PREADVICES TO GIVE UNCONDITIONAL SBLC/BG FOR TOTAL CARGO AND RECEIVE 1%PB FROM SELLER. SELLER RESPONDS VIA PREADVICE OF READINESS TO ISSUE 1%PB.

3) BUYER ISSUE SBLC/BG FOR TOTAL CARGO & SELLER'S BANK RESPONDS WITH 1%PB.

4) SELLER ISSUES MATB TO BUYER AND SELLER BOARDS BUYER'S S/CARGO & INSPECTOR. SUPERCARGO & VESSEL CAPTAIN RELEASE ATTESTATION & INSPECTOR COMES DOWN WITH SAMPLE FOR QNQ.

*IF TTT* :
A) WITHIN 72 HRS, SEND MNOR/ETA TO BUYER'S VESSEL, BUYERS VESSEL ACKNOWLEDGES THE NOR/ETA & AGREE ON POSITION FOR TRANSHIPMENT.

B) SELLER ORDERS HIS CAPTAIN TO PUMP THE PRODUCT ITO BUYER'S EMPTY VESSEL.

5) QNQ RESULTS IS RELEASED TO BOTH PARTIES & BG/SBLC TURNS TO MT013 FOR PAYMENT TO SELLER & ALL AGENTS INVOLVED.

6) SELLER TRANSFERS ALL NECESSARY DOCUMENTS IN BUYER'S NAME & VESSEL SAIL TO BUYERS POD

NEXT TRANSACTION!!
*10KMT-100KMT OF AGO BOTH ON TTO/TTT IN LAGOS WATERS@N165/4net or $475/10net.*

*SELLER BOARDS BUYER'S SUPERCARGO WITH SCANNED COPY OF N5M BANK DRAFT/MC FOR CONFIRMATION OF PRODUCT(AND IF TTT) BEFORE LONGSIDING &TIE-UP.*

*TRANSACTION PROCEDURE(NON-NEGOTIABLE).*
1) BUYER SIGNS CONTRACT AND RETURN IT WITH ATB FORMAT, NNPC ACCREDITED SUPERCARGO AND INSPECTOR DETAILS AND ID. THE ELECTRONICALLY SIGNED DOCUMENTS BEAR THE SAME FORCE AND FUNCTION AS THE ORIGINAL AND IS LEGALLY BINDING.

2) BUYER ISSUES BANK DRAFT/MANAGERS CHEQUE OF N5 MILLION (FIVE MILLION NAIRA), AND SENDS A SCAN COPY OF THE DRAFT BANK TO BANK AND A COPY TO SELLER.(IT SHOULD BE STATED AT THE BACK OF THE DRAFT CASHABLE UPON CONFIRMATION OF PRODUCT,RECEIVE OF ATTESTATION)

3) UPON CONFIRMATION OF THE DRAFT SELLER ISSUES MATB AND CLEARANCE AND TAKES BUYERS SUPERCARGO ON BOARD. 

4) UPON SUCCESSFUL CONFIRMATION OF PRODUCT,RECEIVE OF ATTESTATION, THE DRAFT CRYSTALIZES TO CASH/PAID INTO SELLER'S ACCOUNT AS BOARDING LOGISTICS.

5) AFTER ATTESTATION, THEN BUYER PLACES INSTRUMENT FOR TOTAL CARGO OR BUYER PAYS 30% CASH OF TOTAL CARGO TO SELLER.

*IF BUYER PREFERS TO DO QNQ IN GHANA WATER* ; AFTER ATTESTATION IN NIGERIAN WATER, BUYER PLACES INSTRUMENT FOR TOTAL CARGO/ PAYS LOGISTICS OF N100M CASH TO SELLER. SELLER THEN MOVES CARGO TO GHANA WATER. UPON ARRIVAL IN GHANA WATER,SELLER ISSUES MARINE CLEARANCE AND MATB. ATTESTATION IS ISSUED AND BUYERS INSPECTOR COMES DOWN WITH PRODUCT SAMPLE.

*IF TTT;* AFTER ATTESTATION, BOTH VESSELS OPEN COMMUNICATION, THEN MOVE TO AGREED STS POINT; LONGSIDE AND TIE-UP READY FOR TRANSHIPMENT,THEN BUYER PAYS 30% CASH OF TOTAL CARGO TO SELLER.

6) UPON SUCCESSFUL Q & Q GENERALLY, BUYER MAKES FULL PAYMENT TO SELLER LESS ALL LOGISTICS INCURRED INITALLY,DEPENDING ON THE CASE.

7) SELLER ISSUES CARGO DOCUMENTS IN BUYERS NAME AND BUYER TAKES OVER THE CARGO OR TRANSHIPMENT DONE ALREADY.
 
 Contact Information
Name   Mr. ADEREMI SALAKO 
Company   Member : OUTLAY PROPERTY-SAVVY ENTERPRISES 
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