Direct from NNPC/SHELL JV OPRS – BONNY TERMINAL
Discount $8/5
CIF WORKING PROCEDURES:

1. Buyer and Seller sign and seal Contract, and exchange the signed copy by electronic mail. The electronic signed copy shall be considered legally binding and enforceable and must not be changed. The Contract shall be lodged in their respective banks, and Buyer returns signed Contract with his port of discharge details (POD).

2. Buyer’s bank sends swift to seller’s bank notifying of buyer’s capability and readiness to issue Standby Letter of Credit (SBLC) in a Pre-advice form.

3. Seller’s Bank post Non-operative 2% Auto Revolving Performance Bond to the Buyer’s Bank in favor of the BUYER in the form of a Documentary Letter Of Credit, drawn on a Prime Bank acceptable to the Buyer and to the Buyer’s Bank, to be activated by Buyer’s instrument.

4. Seller nominates vessel(s) and commences loading immediately within NNPC lifting program and provides full POP (Proof of Products) for buyer’s verifications.

5. Captain issues NOR / ETA to buyer's shipping agents.

6. Vessel(s) sails to Buyer's discharge port.

7. Upon arrival at Buyer's discharge port, Captain shall issue ATB to buyer's inspectors for Q and Q analysis.

8. Upon successful Q and Q including Dip Test, Buyer pays for entire product by Wire Transfer / Swift MT-103 into the Seller's account and Buyer's & Seller's agents' commissions, within 24 hours of cargo discharge, based on out-turn barrels, transfer of ownership and presentation of relevant shipping documents at Buyer's bank counter. Intermediaries, each shall be responsible for their own commission bank charges.

Interested buyers, please contact chams.trading1@gmail.com

Check the following Procedure out - genuine buyers only:

This is our procedure:

A. Nigerian Light Crude Oil - BLCO available @ 10/6 or 11/7 USD per barre

PROCEDURE:
1. Buyer sign and return SPA, each side lodge the spa in his bank.

2.Seller provides ATS, Bill of Laden, Cargo manifest of loaded Vessel;

3. Buyer issues $15m SBLC MT 760, non operative, it can be for the entire cargo, instead of 15m usd.

4. Seller gives 2%PB to activate the SBLC.

5. Seller moves vessel to Cotonou/Ghana for QnQ, after a successful QnQ, payment is made and documents change hands, Vsl is re Chartered, if TTO.

CONTACT: Daniel - +2348137071076/8033259595; adebayo6019@gmail.com

OR

1. Seller submits signed SPA with Seller’s banking details.
2. Buyer countersigns and seals the SPA and returns same to Seller along with Buyer’s ATB Format. Buyer and Seller deposit the executed SPA at their respective banks.
3. Buyer’s swift a message to seller’s bank requesting M/ATB with a clause that upon confirmation of product the buyer would within 2 banking return with divisible transferable standby letter of credit, in which failure will attract 2% of the value of cargo as penalty.
5. Upon receipt of Buyer’s Bank Guarantee, Seller issues NNPC Clearance and the vessel Captain issues a marine Authority to Board (ATB) to Buyer’s Supercargo and inspector
5. Upon confirmation of ATB and Clearance by the buyer, at Seller’s expense, transports the Supercargo and inspector to the laden vessel in Nigerian waters to confirm the cargo and conduct Q&Q.
7. Immediately after receiving confirmation of the cargo, releases the N25m to seller
8. The vessel Captain sails the vessel to an agreed position
11. Seller issues a Commercial Invoice for the total value of the measured barrels in accordance with the Q&Q report minus the prepaid USD equivalent of Twenty Five million naira (N25,000,000.00) for Logistics, introduces Buyer to the vessel Owner/Handlers for re-chartering the vessel, and renders to Buyer’s bank the full set of Cargo Documents in Buyer’s name
12. Buyer’s Bank releases full payment for the cargo in accordance with the Commercial Invoice via SWIFT MT103 to Seller’s Bank account, and simultaneously makes full payment to all commission accounts in accordance with the Contract and Master Fee Protection Agreement.
13. Immediately upon Seller’s bank’s confirmation of proper payment, Vessel sails to Buyer’s Port of Destination.

We expect that you are close to the buyer as we will want to be on a conference with him to confirm b4 sending the spa.

Daniel - 08033259595; adebayo6019@gmail.com