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      You are in ::  Home > AGO/Gasoline > Read
  AGO/Gasoline Oil Read  
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Count : 103
BLCO, AGO - TTO TEMA GHANA/TTO LOME WATERS/TTO ROTTERDAM 2020-10-02
 
RODUCT: NNPC AGO
TERMS: TTO
PRICE DISCOUNT: $350/$340 or N140/N2
MIN QUANTITY: 50,000MT (SPOT)
BOARDING GUARANTEE: N20M BANK DRAFT
SELLER SIDE COMMISSION: $5 or N1 CLOSED
BUYER SIDE COMMISSION: $5 or N1 OPEN
TRANSACTION PROCEDURE:

1. SELLER ISSUES SALES AND PURCHASE AGREEMENT (SPA), DIGITAL SIGNATURES ARE LEGAL AND BINDING. BUYER AND SELLER SHALL LODGE SPAs WITH THEIR RESPECTIVE BANKS, BUYER RETURNS SIGNED SPA WITH ATB FORMAT, SUPERCARGO & INSPECTOR DETAILS.

2.BUYER SHALL ISSUE DRAFT OF N10M IN FAVOR OF SELLER BANK,WITH THE INSTRUCTION AT THE BACK OF THE DRAFT , STATING THAT HARD COPY OF THE BANK CHEQUE IS WITH THE BUYER'S BANK AND THIS CHEQUE IS CASHABLE OR CREDITED IN TO SELLER'S ACCOUNT WITHIN 24 HOURS AFTER SELLER BOARDS BUYER'S SUPERCARGO AND INSPECTOR.
CAPTAIN RELEASES ATTESTATION AT LOME WATER.
BUYER'S BANK SEND THE SCAN COPY OF THE ₦10M DRAFT TO SELLER'S FIDUCIARY BANK ACCOUNT OFFICER'S EMAIL.

3. WITHIN TWENTY FOUR (24) HOURS UPON RECEIPT OF BUYERS DRAFT SCAN COPY

4. SELLER SHALL ISSUE MARINE ATB AND CLEARANCE TO ALLOW BUYERS SUPERCARGO AND BUYERS INSPECTION TEAM TO GO ON BOARD OF PREGNANT VESSEL.
(NOTE: BUYER'S BANK CHEQUE SHALL TURN CASH WITHIN 72 HOURS TO SELLER'S BANK ACCOUNT,IF MATB AND CLEARANCE ISSUED AND BUYER'S SUPERCARGO AND INSPECTOR NOT AVAILABLE TO GO ON BOARD)

5. UPON BOARDING AND SUPER-CARGOS DUE DILIGENCE, CAPTAIN SHALL ISSUE ATTESTATION REPORT CO-SIGNED BY THE BUYERS SUPERCARGO AS PROOF OF PRODUCT THEREBY CONFIRMING CARGO ON BOARD.
UPON ATTESTATION REPORT ACKNOWLEDGEMENT, BUYERS INSPECTORS TAKE SAMPLES & DISEMBARK WHILE BUYERS SUPERCARGO REMAINS ON BOARD TILL TANKER TAKE OVER OR BUYER'S NOMINATE VESSEL FOR TRANSSHIPMENT WITHIN 48HOURS OF ATTESTATION REPORT.

BUYER SHALL TRANSFER, THE SUM OF NGN N10,000,000.00 ( TEN MILLION NAIRA ONLY) DIRECTLY TO SELLERS NOMINATED BANK ACCOUNT COVERING THE COST OF VESSEL LOGISTICS, THIS COST SHALL BE DEDUCTED FROM THE FULL AND FINAL PAYMENT FOR CARGO.

6. UPON SUCCESSFUL QUALITY AND QUANTITY (Q&Q) TEST ANALYSIS REPORT, BUYER'S BANK SHALL PLACE INSTRUMENT FOR TOTAL CARGO AND SELLER SHALL ISSUE ALL CARGO DOCUMENTS IN BUYERS NAME.

7. UPON RELEASE OF Q&Q REPORT, (REPORT MUST BE SENT IN A TIMELY MANNER TO SELLER, BUYER AND THEIR RESPECTIVE BANKS), SELLER SHALL ISSUE A COMMERCIAL INVOICE TO BUYER AND BUYERS BANK BASED ON THE Q&Q TEST REPORT

8. BUYERS BANK SHALL WITHIN FORTY-EIGHT (48) BANKING HOURS SWIFT MT103 TT-CASH TO THE SELLERS NOMINATED BANK ACCOUNT FOR THE ENTIRE LOADED CARGO LESS LOGISTICS AND DOCUMENTATION CHARGES ALREADY PAID.

9. BUYER MUST ALSO PAY MANDATES AND ALL FACILITATORS/AGENTS COMMISSION AS STATED IN THE SIGNED SPA CONTRACT SAME TIME WITH THE SELLER.

10. ON RECEIPT OF PAYMENT, SELLER SHALL INTRODUCE BUYER TO VESSEL HANDLERS/OPERATORS FOR RECHARTERING OF VESSEL TO BUYERS NEW PORT OF DISCHARGE.

11. SELLER CONFIRMS FULL PAYMENT AND TENDERS ALL FACILITATING CARGO DOCUMENTS IN BUYERS NAME TO BUYER/REPRESENTATIVE AND VESSEL SAILS TO PORT OF DISCHARGE PER NEW CHARTER PARTY AGREEMENT.
END OF TRANSACTION.

----------------------------------------------------------------------------------------------

PRODUCT: NNPC AGO
TERMS: DELIVER TO TANKFARM
PRICE DISCOUNT: $380/$370 (N140/N2)
MIN QUANTITY: 50,000MT (SPOT)
BOARDING GUARANTEE: N10M BANK DRAFT
SELLER SIDE COMMISSION: $5 (N1) CLOSED
BUYER SIDE COMMISSION: $5 (N1) OPEN
TRANSACTION PROCEDURE:
CLAUSE 7: BANKING/OPERATIONAL PROCEDURE

CAUTION: THIS BELOW PROCEDURE HAS BEEN AUTHORED ACCORDING TO NNPC WORKABLE REGULATIONS AND MUST NOT BE CHANGED, RE-AMENDED OR RE-ORDERED.

TRANSACTION PROCEDURE:
PROCEDURE FOR TTO/TTT NIGERIA WATERS
TRANSACTION PROCEDURE:

1. SELLER ISSUES SALES AND PURCHASE AGREEMENT (SPA), DIGITAL SIGNATURES ARE LEGAL AND BINDING. BUYER AND SELLER SHALL LODGE SPAs WITH THEIR RESPECTIVE BANKS, BUYER RETURNS SIGNED SPA WITH ATB FORMAT, SUPERCARGO & INSPECTOR DETAILS.

2.BUYER SHALL ISSUE DRAFT OF N10M IN FAVOUR OF SELLER BANK,WITH THE INSTRUCTION AT THE BACK OF THE DRAFT , STATING THAT HARD COPY OF THE BANK CHEQUE IS WITH THE BUYER'S BANK AND THIS CHEQUE IS CASHABLE OR CREDITED IN TO SELLER'S ACCOUNT WITHIN 24 HOURS AFTER SELLER BOARDS BUYER'S SUPERCARGO AND INSPECTOR.
CAPTAIN RELEASES ATTESTATION AT LOME WATER.
BUYER'S BANK SEND THE SCAN COPY OF THE ₦10M DRAFT TO SELLER'S FIDUCIARY BANK ACCOUNT OFFICER'S EMAIL.

3. WITHIN TWENTY FOUR (24) HOURS UPON RECEIPT OF BUYERS DRAFT SCAN COPY

4. SELLER SHALL ISSUE MARINE ATB AND CLEARANCE TO ALLOW BUYERS SUPERCARGO AND BUYERS INSPECTION TEAM TO GO ON BOARD OF PREGNANT VESSEL.
(NOTE: BUYER'S BANK CHEQUE SHALL TURN CASH WITHIN 72 HOURS TO SELLER'S BANK ACCOUNT,IF MATB AND CLEARANCE ISSUED AND BUYER'S SUPERCARGO AND INSPECTOR NOT AVAILABLE TO GO ON BOARD)

5. UPON BOARDING AND SUPER-CARGOS DUE DILIGENCE, CAPTAIN SHALL ISSUE ATTESTATION REPORT CO-SIGNED BY THE BUYERS SUPERCARGO AS PROOF OF PRODUCT THEREBY CONFIRMING CARGO ON BOARD.
UPON ATTESTATION REPORT ACKNOWLEDGEMENT,BUYERS INSPECTORS TAKE SAMPLES & DISEMBARK WHILE BUYERS SUPERCARGO REMAINS ON BOARD TILL TANKER TAKE OVER OR BUYER'S NOMINATE VESSEL FOR TRANSHIPMENT WITHIN 48HOURS OF ATTESTATION REPORT.

BUYER SHALL TRANSFER, THE SUM OF NGN N10,000,000.00 ( TEN MILLION NAIRA ONLY) DIRECTLY TO SELLERS NOMINATED BANK ACCOUNT COVERING THE COST OF VESSEL LOGISTICS, THIS COST SHALL BE DEDUCTED FROM THE FULL AND FINAL PAYMENT FOR CARGO.

6. UPON SUCCESSFUL QUALITY AND QUANTITY (Q&Q) TEST ANALYSIS REPORT, BUYER'S BANK SHALL PLACE INSTRUMENT FOR TOTAL CARGO AND SELLER SHALL ISSUE ALL CARGO DOCUMENTS IN BUYERS NAME.

7. UPON RELEASE OF Q&Q REPORT, (REPORT MUST BE SENT IN A TIMELY MANNER TO SELLER, BUYER AND THEIR RESPECTIVE BANKS), SELLER SHALL ISSUE A COMMERCIAL INVOICE TO BUYER AND BUYERS BANK BASED ON THE Q&Q TEST REPORT

8. BUYERS BANK SHALL WITHIN FORTY-EIGHT (48) BANKING HOURS SWIFT MT103 TT-CASH TO THE SELLERS NOMINATED BANK ACCOUNT FOR THE ENTIRE LOADED CARGO LESS LOGISTICS AND DOCUMENTATION CHARGES ALREADY PAID.

9. BUYER MUST ALSO PAY MANDATES AND ALL FACILITATORS/AGENTS COMMISSION AS STATED IN THE SIGNED SPA CONTRACT SAME TIME WITH THE SELLER.

10. ON RECEIPT OF PAYMENT, SELLER SHALL INTRODUCE BUYER TO VESSEL HANDLERS/OPERATORS FOR RECHATTERING OF VESSEL TO BUYERS NEW PORT OF DISCHARGE.

11. SELLER CONFIRMS FULL PAYMENT AND TENDERS ALL FACILITATING CARGO DOCUMENTS IN BUYERS NAME TO BUYER/REPRESENTATIVE AND VESSEL SAILS TO PORT OF DISCHARGE PER NEW CHARTER PARTY AGREEMENT.
END OF TRANSACTION.
NEXT TRANSACTION COMMENCE

----------------------------------------------------------------------------------------------

PRODUCT: NNPC BLCO
TERMS: TTO TEMA GHANA
PRICE DISCOUNT: $12/$8 (ASK FOR NAIRA PRICE)
MIN QUANTITY: 1-2M BBL (SPOT)
BOARDING GUARANTEE: N100M BANK DRAFT (BLOCK FUNDS)
SELLER SIDE COMMISSION: $2 CLOSED
BUYER SIDE COMMISSION: $2 OPEN

TRANSACTION PROCEDURE:
CLAUSE 7: BANKING/OPERATIONAL PROCEDURE

1. SELLER ISSUES SALES AND PURCHASE AGREEMENT (SPA), DIGITAL SIGNATURES ARE LEGAL AND BINDING. BUYER AND SELLER SHALL LODGE SPAs WITH THEIR RESPECTIVE BANKS, BUYER RETURNS SIGNED SPA WITH ATB FORMAT, SUPERCARGO & INSPECTOR DETAILS.

2.BUYER'S BANK PRE ADVICE.BANK ASSURANCE LETTER EXPRESS BUYER'S READINESS AND WILLINGNES TO PLACE NGN200.MILLIONS NAIRA OR $500,000 USDOLLARS ( SBLC OR BLOCK FUND.) FOR LOGISTICS TO MOVE CARGO TO TEMA PORT GHANA WATER AND MAKE ANNOUNCEMENT ON BUYER'S COMPANY NAME TO THE HARBOUR MASTER. WHILE SELLER'S BANK RESPOND READINESS TO GIVE 2% PERFORMANCE BOND.

3. SELLER SHALL ISSUE MARINE ATB AND CLEARANCE TO ALLOW BUYERS SUPERCARGO AND BUYERS INSPECTION TEAM TO GO ON BOARD OF PREGNANT VESSEL ON GHANA WATERS

4. UPON BOARDING AND SUPER-CARGOS DUE DILIGENCE, CAPTAIN SHALL ISSUE ATTESTATION REPORT CO-SIGNED BY THE BUYERS SUPERCARGO AS PROOF OF PRODUCT.
UPON ATTESTATION REPORT ACKNOWLEDGEMENT,BUYERS INSPECTORS TAKE SAMPLES & DISEMBARK WHILE BUYERS SUPERCARGO REMAINS ON BOARD TILL TANKER TAKE OVER.
b BUYER SHALL TRANSFER, THE SUM OF NGN N200,00,000.00 NAIRA ONLY OR $500,000 USDOLLARS DIRECTLY TO SELLERS FIDUCIARY NOMINATED BANK ACCOUNT COVERING THE COST OF VESSEL LOGISTICS, THIS COST SHALL BE DEDUCTED FROM THE FULL AND FINAL PAYMENT FOR CARGO.

5. UPON SUCCESSFUL QUALITY AND QUANTITY (Q&Q) ANALYSIS REPORT, BUYER'S BANK SHALL PLACE INSTRUMENT FOR TOTAL CARGO AND SELLER SHALL ISSUE ALL CARGO DOCUMENTS IN BUYERS NAME.

6. UPON RELEASE OF Q&Q REPORT, (REPORT MUST BE TO SELLER, BUYER AND THEIR RESPECTIVE BANKS), SELLER SHALL ISSUE A COMMERCIAL INVOICE TO BUYER AND BUYERS BANK BASED ON THE Q&Q OUT-TURN.

7. BUYERS BANK SHALL WITHIN FORTY-EIGHT (72) BANKING HOURS SWIFT MT103 TT-CASH TO THE SELLERS NOMINATED BANK ACCOUNT FOR THE ENTIRE LOADED CARGO LESS LOGISTICS AND DOCUMENTATION CHARGES ALREADY PAID.

8. BUYER MUST ALSO PAY MANDATES AND ALL FACILITATORS/AGENTS COMMISSION AS STATED IN THE SIGNED SPA CONTRACT SAME TIME WITH THE SELLER.

9. ON RECEIPT OF PAYMENT, SELLER SHALL INTRODUCE BUYER TO VESSEL HANDLERS/OPERATORS FOR RECHATTERING OF VESSEL TO BUYERS NEW PORT OF DISCHARGE.

10. SELLER CONFIRMS FULL PAYMENT AND TENDERS ALL FACILITATING CARGO DOCUMENTS IN BUYERS NAME TO BUYER/REPRESENTATIVE AND VESSEL SAILS TO PORT OF DISCHARGE PER NEW CHARTER PARTY AGREEMENT.
END OF TRANSACTION. NEXT TRANSACTIONu COMMENCE
N.B THE AMOUNT PAID AS LOGISTICS IS CREDITED TO THE BUYER AND DEDUCTED FROM THE FINAL PAYMENT.


 
 Contact Information
Name   Mr. Ozo Amankwe 
Company   Member : Komakez Limited 
Email   Log In to See Email 
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Tel   2347084126987 
Fax   23418747569 
Mobile   2347039405673 
Web   Skype 
IP   67.177.99.57 

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