SPA and
additional supporting information are ready
Products: Bonny
Light Crude Oil.
Seller RWA for
2% performance bond upfront before Letter of credit on
CIF
(BLCO)
Origin: Nigeria
Specific
Gravity at *5 c, kg/l ASTMD
***8/P
0.*****0.***8 API at *0
degree
F
ASTMD Table
*1
****7 Salinity ASTMD***6/1P
**8 &*;&*;&*;*@********************/strong> Colour dark
brown BS & W
Content {VOL. %} ASTMD **3/1P
*3 0.*5
AVERAGE SUIFUR
%WT
ASTMD
0.*4%WT POUR POINT
DEGREES
F ASTMD
*0(F) WATER
CONTENT 0.2%
VOL MAX REID VAPOUR
PRESSURE 6.*2PSIG
Please email us
ABOUT CIF/TTO/FOB to discuss discount for your country and
volume etc.
Nominations, Shipment & Procedures
I. Buyer
is given a draft contract for perusal and
study.
II. Buyer
confirms the POP (BULK ALLOCATION DETAILS) as shown on the first
page of the draft contract. Upon satisfactory due diligence, buyer
sends PROOF OF FUNDS (POF). The format for the POF is shown below
transmitted by swift MT***9
III Upon
receipt of POF from Buyers bank ; Buyer is issued with a sellers’
pre-signed contract for buyers execution (The electronic signed
copy by both Parties is considered legally binding and
enforceable); and within (*0) banking days re-assigns cargo from
the Bulk Allocation, programme, loads a vessel in the name of the
buyer and transmits Bill of lading, Cargo manifest, Certificate of
Origin; to buyer for confirmation.
iv. Seller
issues non-operative 2% Performance Bond before Buyer’s
FFDLC.
v. Buyer upon
confirmation of Para III & IV within three (3) banking days,
issues confirmed, irrevocable, Non-transferable and Operative
Letter of Credit (FFDLC) in favour of Seller and to activate
Performance Bond. FFDLC validity to cover *5 – *5 banking days
(Depending on buyers discharge port). The LC must come from top
US/European Bank. (SEE LC FORMAT BELOW)
Vi. Within
seven (7) banking days of III above, Seller furnishes CPA & Q*8
and the following documents to Buyer and/or Buyer’s
bank:
*1 Clean – on –
board ocean Bills of Lading *2 Certificate
of quantity (SGS or equivalent) *3 Certificate
of Analysis (optional) *4 Certificate
of Origin *5 Certificate
of Quantities *6 Seller’s
commercial invoice *7 Vessel
ullage report {optional} *8 Receipt of
samples (optional) *9 Cargo
Manifest
VII. After the
vessel has discharged its cargo at Buyer’s designated port outlined
above and Buyer has received the Discharge Report as shall be
confirmed by the captain of the vessel, including all relevant
documents presented by the Seller after the time of cargo delivery
as required by the LC, Buyer must make payment by KTT Wire
Transfer to Seller’s Bank Account payable at it’s counter for this
transaction and to beneficiaries named in Master Fee Protection
Agreement in the contract for fees.
VIII. Payments are made by
Swift Wire Transfer directly to the Seller’s bank accounts and
commission agents as stipulated in the MFPA in this contract within
three (3) international banking days after product delivery and
discharge at Buyer’s nominated port of discharge against
presentation of stated shipping documents (non-negotiable copies)
at Buyer’s bank.
Viiii. The
signatures on this contract by the Buyer and by Seller means both
accept all the content as for Quantity, Discount and
Procedures.
