Description

Interested buyers should contact us should any of the procedures is alright with you:


(A)  CIF Procedure
1. SELLER AND BUYER SIGN SPA AND DEPOSIT IN THEIR RESPECTIVE BANKS.
 2. BUYER ISSUES PROOF OF FUNDS TO SELLER 
 3. SELLER ISSUES FULL CARGO DOCUMENTS  AND ALLOWS COMMUNICATION BETWEEN BUYER AND LOADED VESSEL CAPTAIN FOR BUYER\'S PRODUCT SATISFACTION.
 4. ON COMFIRMATION OF NOR AND PRODUCT AVAILABILITY BUYER PLACES SBLC/BG FOR THE ENTIRE CARGO ON THE VESSEL. 
 
5. UPUN CONFIRMATION OF SBLC SELLER ISSUES ETA TO BUYER AND MOVES VESSEL TO BUYERS DISCHARGE PORT. 
 6. UPON SUCCESSFUL TRANSSHIPMENT/DISCHARGE, BUYER CONDUCTS QnQ AND PAYMENT IS EFFECTED IMMEDIATELY FOR THE ENTIRE CARGO. 
 7. UPON THE CONFIRMATION OF THE PAYMENT INTO SELLER\'S ACCOUNT BY ITS BANKERS INCLUDING ALL AGENTS PAYMENT CONFIRMATION, THE ORIGINAL DOCUMENTS WILL BE GIVEN TO THE BUYER. 
 8. ROLE OVER AND EXTENSION.



                            (B) CIF Procedure
(1) BUYER SEND LOI AND THE SELLER RESPONDS BACK WITH AN SPA.
 (2) BUYER SIGNS AND REMITS BACK THE SPA AND ISSUES PROOF OF FUNDS(POF) TO THE SELLER\'S BANK AND THE SELLER ISSUES PROOF OR PRODUCT TO BUYER\'S BANK.
 (3) BUYER ISSUES SBLC AFTER WHICH THE TRANSACTION IS PROGRAMMED ON SHELL SCREEN.
 (4) SELLER NOMINATES AND LOADS VESSEL(2 MILLION BARRELS) ISSUES NOR/ETA TO BUYER AND MOVES VESSEL TO BUYERS DESIGNATED PORT OF DISCHARGE.
 (5) BUYER PERFORMS QNQ OF CARGO ONBOARD VESSEL AND CARGO IS DISCHARGED TO BUYER.
 (6) PAYMENT IS MADE BY SWIFT TO SELLER AND FACILITATORS NOMINATED ACCOUNTS. 
7. ROLE OVER AND EXTENSION. 

                     (C) CIF Procedure
(1) BUYER SEND LOI AND THE SELLER RESPONDS BACK WITH AN SPA.
(2) BUYER SIGNS AND REMITS BACK THE SPA.
(3) BUYER\'S BANK COMMUNICATES WITH SELLER\'S BANK STATING THEIR WILLINGNESS AND READINESS TO ISSUE A SBLC FOR THE ENTIRE CARGO OF TWO MILLION BARRELS OF BLCO ON RECEIPT OF SELLER\'S 2% PERFORMANCE BOND. 
(4) SELLER ISSUES 2% PB IN FAVOUR OF BUYER.
(5) BUYER ISSUES SBLC AFTER WHICH THE TRANSACTION IS PROGRAMMED ON SHELL SCREEN.
(6) SELLER NOMINATES AND LOADS VESSEL(2 MILLION BARRELS) ISSUES NOR/ETA TO BUYER AND MOVES VESSEL TO BUYERS DESIGNATED PORT OF DISCHARGE.
(7) BUYER PERFORMS QNQ OF CARGO ONBOARD VESSEL AND CARGO IS DISCHARGED TO BUYER.
(8) PAYMENT IS MADE BY SWIFT TO SELLER AND FACILITATORS NOMINATED ACCOUNTS.
  9. ROLE OVER AND EXTENSION.

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PROCEDURE FOR TTO;
 
1.Buyer and Seller sign and seal the Contract including banking coordinates. The electronic signed copy by both parties is considered legally binding and enforceable and must not be changed. Buyer returns the signed SPA with his ATB format. (Note that that the Buyer’s supercargo must be on the list of NNPC registered Supercargo and apart from his int’l passport,  a seaman passport, safety certificate and discharge certificate)
 
2.The  Buyer issue a BG of $*5,**0,**0 USD  (Fifteen Million Dollars) to seller favours, which will become cash as soon as buyer team of inspection board the the pregnant vessel to confirms product in cotonou or lome waters
 
3. Seller confirms BG. NNPC Bonny Terminal instructs the loaded vessel master to issue a marine ATB to buyer’s inspectors and super cargo to come on board.
 
4. Seller instructs vessel to sail to QnQ point inCotonou international waters orTogo triangle
 
5. Seller then through NNPC Bonny Terminal issues NNPC/JV clearance for buyer’s inspectors and super cargo to board vessel
 
6. Seller clears inspectors and super cargo to board vessel for Q and Q as well as confirmation of product.
 
8. Confirmation of product is done by buyer’s super cargo. Q and Q conducted by buyer’s inspectors. Seller cashes the $*5,**0,**0 USD (Fifteen Million Dollars) BG.
 
9. Q AND Q report released to both buyer and seller, buyer pays for the entire cargo, MINUS $*5,**0,**0 USD (Fifteen Million Dollars) through MT**3/*3. And also pay commission to agents and facilitators while full documentation is issued in buyers name and sent to the buyer.
 
*0.   Seller introduces buyer to vessel local handler for charter and takeover of    vessel for voyage to the Port of disport.
 
 
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FOB  Procedures

1.SELLER AND BUYER SIGN SPA BOTH PARTIES DEPOSIT SPA IN TO THEIR RESPECTIVE BANK.
 
2. BUYER SEND TO SELLER COMPLETE & VALID VESSEL DETAILS THAT IS, VALID CPA, Q*8,CHARTER RECEIPT INVOICE, AUTHORITY TO LOAD VESSEL(ATL).
 
3. SELLER CONFIRMS VSL AND PROGRAM VSL FOR LOADING.
 
4. BUYER CONFIRMS PROGRAMMED VSL THRU HIS/HER CAPT.
 
5. BUYER PLACE FULL INSTRUMENT BG OR SBLC.
 
6. SELLER CONFIRMS INSTRUMENT AND LOAD VSL.
 
7. THEN AFTER Q N Q , BUYER PAYS FOR THE ENTIRE CARGO.
 
8. ALL NESECESSARY  CARGO DOCUMENT IS HANDED OVER TO BUYER.
 
9. VSL SAIL TO HERPORT OFDISCHARGE.
 
 
Our Procedures are NON-NEGOTIABLE, so kindly look elsewhere if you cannot follow our Procedures. We are available for further discussions * *@********************om