Description

BLCO TTO PROCEDURE (TWO Million) barrels +/- *0%, with possible rolls and extension
WE ARE DIRECT TO SELLER WE HAVE THE SPA AND POP
WE NEED ONLY REAL BUYERS 

COMMODITY:  Nigerian Petroleum Product
 
Specific Gravity at **0c, kg/1        ASTMD***8/P                                 0.*****9.***8
API at *0 Degrees F                         ASTM Table *1                                 *4 - *7
Color                                                                                                             Dark Brown
BS & W Content [Vol. %]                 ASTMD **3/1P *3                          0.*5 Average
Sulfur %WT                                       ASTMD                                              0.*4% wt
Pour Point Degrees F                       ASTMD *7/1P.*5                            *0º[F] Degrees F
Water Content:                                                                                            0.2% Vol. Max
REID Vapour Pressure:                                                                               6.*2PSIG
 
QUANTITY AND DURATION:     
Shipment of (TWO Million) barrels +/- *0%, with possible rolls and extension at both parties discretion.
 
 
PRICE:
The price for each Barrel of Nigeria Light Crude Oil delivered out-turned barrels shall be Dated Brent” on the date of Bill of Lading as published by McGraw Hill market wire, less a discount of$*0GROSS $6NET $1 TRANSACTION HANDLER $1.5 TO BUYER SIDE AND $1.5 TO SELLER SIDE 

Commissions:  Buyer to pay brokers according to FEE PROTECTION AGREEMENT.


 
FOB:
FOB Shipment of (TWO Million) barrels +/- *0%, with possible rolls and extension.
 
DETERMINATION OF QUALITY AND QUANTITYQuantity & Quality to be ascertained by an independent Inspection Agency appointed by the Buyer at the Loading point. Their certificate of quality and quantity shall be judged as the final quantity and quality of the oil delivered in to the buyer’s tanker and the final payment shall be made according to it.
 
PAYMENT:
In United States DollarsBy MT **9 (Blocked Funds) of **0% value of total cost of loaded product to Seller’s bank in favor of Seller according to seller verbiage. PROCEDURE
           
1.      Buyer and seller sign the Sales and Purchase Contract Agreement with Banking coordinates and deposit same in their respective banks. Buyer returns signed and sealed  contract
2.     Seller sends loaded cargo documents to the Buyer for verification.
 
3.      Upon confirmation of documents, Buyer’s bank issues an MT **9 (Blocked Funds) of **0% value of total cost of loaded product to Seller’s bank in favor of Seller according to seller verbiage.
 
4. Seller upon confirmation of the confirm-able MT **9 (Blocked Funds), re-assigns loaded cargo documents to the buyer and CPA issued, signed by Buyer and returned to the Seller.
 
4a. Seller moves vessel to China waters for QQ and inspection within six weeks of confirmation. of MT**9
 
4b. Seller issues MATB for Inspector and Super-cargo goes on board the loaded vessel in China waters, but the buyer bears the cost of going on board the loaded cargo by paying for the Navy Gunboat Gun boat.
 
 
5.     Buyer’s inspector go on board vessel within *2 hours after issuance of Marine ATB. All Original documents handed over to the buyer’s bank.
 
6.     Full payment via swift made to the various accounts in the SPA within 5 Banking days upon CIQ at the Discharged Port.  INDEMNITY  IF BUYER DEFAULTS AFTER COMENCEMENT OF THIS CONTRACT SHALL BE LIABLE TO PAY A SUM OF TWO MILLION DOLLARS ($2,**0,**0) TO THE SELLER PARTY. THIS INDEMNITY SHALL BE STRICTLY ENFORCED. ALSO IF SELLER DEFAULTS AFTER COMENCEMENT OF THIS CONTRACT SHALL BE LIABLE TO PAY A SUM OF TWO MILLION DOLLARS ($2,**0,**0) TO THE BUYER PARTY. THIS INDEMNITY SHALL BE STRICTLY ENFORCED.