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      You are in ::  Home > Crude > Read
Crude Oil Read
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Count : 170
BLCO CHINA VESSELS AND TANK FARM QINGDAO 2020-09-11
 
Seller has several vessels in China waters and also tank Farm in Qingdao. Only serious buyers as seller guarantees payment of $300,000 for NON PERFORMANCE and buyer needs to provide MT760 5M USD from top 25 banks AS GUARANTEE TO COMPLETE TRANSACTION
Contact maple17976@yahho.com if buyer is serious

VESSEL PRICE /PROCEDURE
DISCOUNT 11/7
USD 2 BUYER SIDE OPEN
USD2 SELLER CAN GIVE 20 CENTS

-SPA

-MT760 5M WITH guarantee letter

-POP + Seller's shipping agent information within 72 hours after successful MT760 5M with seller's penalty of $300k for his nonperformance

-Entry into port

-Discharge into tankfarm

-CIQ

-MT103 TT Wire




TANK FARM PROCEDURE


DISCOUNT : USD $11
NET TO BUYER : $6
SELLER SIDE : $2.00 PER BARREL
COORDINATORS: $1.00 PER BARREL
BUYER SIDE : $1.70 OPEN PER BARREL

TANK FARM PROCEDURES:
1. SELLER FORWARDS A DRAFT SPA TO BUYER.

2. BUYER FILLS AND SIGNS THE SPA, RETURNS TO SELLER WITH VALID RELEVANT DOCUMENT SUCH AS COMPANY PROFILE, CIS, COMPANY INCORPORATION/REGISTERED DOCUMENTS, ETC; SIGNED SPA IS VALID AND ENFORCEABLE

3. SELLER ISSUES THE TANK FARM RECEIPT AND DETAILS OF THE PRODUCT AS POP FOR VERIFICATION (discharge certificate, storage certificate, storage information, tank storage receipt and proforma invoice).

4. BUYER VERIFIES THE PRODUCT AVAILABILITY THROUGH THE POP DETAILS AND PHYSICAL AT THE TANKFARM IN QINGDAO IN CHINA PROVIDED TO HIM BY THE SELLER.

5. AFTER THE VERIFICATION OF THE PRODUCT BUYERS BANK ISSUES MT 103/72 OR MT103/202 IN FAVOUR OF NNPC INTO THE NNPCS DIRECT ACCOUNT DETAILED IN THE SPA TO SECURE CARGO WITHIN FIVE WORKING DAYS AND COPY NNPC/SELLER FOR CONFIRMATION.

6. SELLER CONFIRMS RECEIPT OF MT103/72 OR MT103/202 AND ISSUE DTA (DIP TEST AUTHORIZATION) LETTER, AS WELL AS REGISTERS W.O.T (WARRANTY OF TITLE) CERTIFICATE IN BUYERS NAME, TANK FARM MANAGERS/NNPC ASIAN CONSULTANT WILL BE COPIED.

7. BUYER IS GIVEN ACCESS TO CARRY OUT CIQ ON THE PRODUCT IN THE TANK FARM. WITH POSITIVE OUTCOME, BUYER ISSUES MT 103 COVERING THE ENTIRE QUANTITY OF SIX MILLION BARRELS ON BONNY LIGHT CRUDE OILOF NIGERIAN ORIGIN.

8. NNPC CONFIRMS PAYMENT AND INSTRUCTS BUYER TO PUMP HIS CARGO OF 2M BARRELS FROM NNPCS QINGDAO TANK FARM STORAGE, CHINA AND HAND OVER THE ORIGINAL EXPORT AND VESSEL DOCUMENTS TO THE BUYER.

9. SELLER PAYS COMMISSION TO SELLER AGENTS, FACILITATORS AND BUYER AGENTS/FACILITATORS.

10. NNPC CONFIRMS PAYMENT; HAND OVER THE ORIGINAL EXPORT AND VESSEL DOCUMENTS TO THE BUYER AND NNPC SHIPPING AGENT IN CHINA HANDLES THE TRANSFER OF CARGO TO BUYERS STORAGE FACILITY BY GETTING A SHUTTLING VESSEL TO EVACUATE AND TRANSFER PRODUCT FROM THE OFF-SHORE STORAGE FACILITY TO BUYERS ON-SHORE STORAGE FACILITY AT QINGDAO. THE SHUTTLING VESSEL MAY MOVE UP TO 4 TO 6 TIMES TO COMPLETE EVACUATION OF A 2MBL CARGO.


 
 Contact Information
Name   Mr. samim qadri 
Company   Member : Swiftnet inc 
Email   Log In to See Email 
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Tel   +12053414292 16042831135 
Fax   +16045078543 
Mobile   +12053414292 
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IP   75.157.119.114 

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