I am direct mandate to a BLCO allottee. For details contact peterprest@gmail.com

See if your seller can work with any of these procedures, if yes contact me on 08035426409 or campbell205@yahoo.com

GENERAL PROCEDURE # 1
1: a) BUYER and SELLER Execute this Contract and Deposit with their
Respective Banks
b) The SELLER nominates a vessel, loads it in the name of the NNPC JV
OPERATOR, and presents the BUYER and SELLER'S AGENT with the
SELLER'S letter of authentication from NNPC demonstrating the SELLER has
received the power of attorney from NNPC JV OPERATIONS over the cargo
along with the loading documents. The Bill of Lading (BOL) and initial loading
documents can be issued in the [in the SELLER'S name or NNPC JV
OPERATIONS.
c) The SELLER shall arrange for the NNPC’s local Vessel Manager to
introduce the BUYER to the ship- owner’ s Commercial Operator to confirm a
one way voyage Charter Party Agreement (“CPA”) in favor of the BUYER.
The CPA, which shall originate from the date title of the Product transfers at the
designated TTO location, is to be executed by BUYER, with expenses also to
be incurred by the BUYER.
d) Within forty-eight (48) hours of confirming the one-way Voyage charter in
favor of the BUYER, and receipt of BOL, the BUYER shall issue two separate
irrevocable and confirmable Letters’ of Credit (“L/C”) via MT103/23 or
MT760. The first L/C shall be issued to the ship owner or despondent owner as
confirmed by the Commercial Operator for the freight to Las Palmas Canary
Islands. The second L/C shall be irrevocable, confirmable; one time transferable
and divisible in favor of SELLER for the full value of the cargo, less the gross
discount, with the SELLER’S bank and the divisible portion shall be for the
discount in favor of ******************** bank at HSBC in Singapore. The
second L/C shall allow for $150,000 drawdown for documentation after the
CPA has been executed by the BUYER, the BUYER’S Supercargo has boarded
the vessel and the BUYER’S Inspector has boarded the vessel and confirmed
that the vessel is loaded with the quality and quantity of the specified Product
under contract.
e) Upon confirmation from the SELLER’s bank the receipt of the L/C, the
SELLER will authorize NNPC JV OPERATOR to reassign all of the shipping
documents in the name of the BUYER.
f) The SELLER shall issue an NOR & ETA to BUYER and the loaded Vessel
shall proceed to
the designated inspection/transfer location in International waters’ offshore
TEMA, Ghana.
g) SELLER instructs the vessel Master to issue an ATB to the BUYER’S
Inspector and Supercargo. The BUYER’S inspector and supercargo shall board
the loaded vessel for Q&Q inspection. The results of the final inspection report
will be released to both BUYER and SELLER.
h) All original documents, including Warranty of Title shall be released to the
BUYER’S Bank and the BUYER shall release payment within 72 hours via
SWIFT wire transfer to SELLER’S bank for the total cargo, including
commissions/fees as stipulated in Appendix II to the SELLER’S AGENT’S
bank.
Tanker Take Over occurs and BUYER’S vessel shall sail to its designated port
of discharge.
GENERAL PROCEDURE #2 (MT799 blocked funds):
a) BUYER and SELLER execute this contract and deposit with their respective
banks
b) The SELLER nominate a vessel, load it and issue bill of laden (BOL), Cargo
Manifest, Power of Attorney to sell cargo and Letter of introduction to Vessel
Commercial Operators.
c) The buyer within 24 hours of receiving the initial loading documents issues
confirmable POF via MT799 blocked funds for 45 days in favor of seller.
d) The SELLER shall issue an NOR & ETA to BUYER and the loaded Vessel
shall proceed to the designated inspection/transfer location in International
waters’ offshore TEMA in Ghana.
e) SELLER instructs the vessel Master to issue an ATB to the BUYER’S
Inspector and Supercargo. The BUYER’S inspector and supercargo shall board
to the loaded vessel for Q&Q inspection. The results of the final inspection
report released to both BUYER and SELLER.
f) All original documents, including Warranty of Title shall be released to the
BUYER’S Bank and the BUYER shall release payment within 72 hours via
SWIFT wire transfer to SELLER’S bank for the total cargo, including
commissions/fees as stipulated in Appendix II to the SELLER’S AGENT’S
bank.
g) The SELLER shall arrange for the NNPC’s local Vessel Manager to
introduce the BUYER to the ship-owner’ s Commercial Operator to confirm a
one way voyage Charter Party Agreement (“CPA”) in favor of the BUYER. The
CPA, which shall originate from the date title of the Product transfers at the
designated TTO location, is to be executed by BUYER, with expenses to be
incurred by the BUYER.
h) Within Twenty Four (24) hours of confirming the one-way Voyage charter in
favor of the BUYER, and receipt of Bill of Lading, Payment for the entire cargo
is therefore and Coordinators, as in the Master Fee Protection agreement in the
SPA/CONTRACT, within 72 Hours of successful Q & Q.
Tanker Take Over occurs and BUYER’S vessel shall sail to its designated port
of discharge.
NOTE: The Buyer will not Accept any Bait and switch on his Procedures from
any Authorized and Verifiable NNPC Seller’s of Records or/and Fiduciary
Sellers. All the above stated Buyer Procedures are Non-Negotiable (Very
Important) payments are made by KTT/SWIFT Wire upon The Fully Funded
earlier MT 799, Swift Proof of Funds (POF), Blocked and Reserved and upon
the out-turn Barrels in the Q & Q Report, directly into the Seller’s Nominated
Bank Account, and the Accounts of the Agents and Mandates, Facilitators and
Intermediaries, Consultants.
Thanks for your Co-operation.
Regards,