Below is buyer's Procedure to conduct this transaction,. However, the buyer wants the following to be raised and addressed before they can sign and seal this contract. Call 07043486192 if you can perform. Thanks.

1.$11 net discount out of the $12 net discount.
2. Verbiage blank information of the performance bond (PB)
3.NCNDA information signed and sealed
4. Seller footing the commission of the transaction.

FOR CIF ROTTERDAM

PRODUCT: Bonny Light Crude Oil - BLCO
QUALITY: NNPC Export standard
QUANTITY: 2 (two) million barrels per month.
CONTRACT DURATION: 12 (twelve) months
DESTINATION PORT: Rotterdam
PRICE: Three day average of (DTD) Brent, as stated in the Platt’s Oilgram Market Report.
DISCOUNT: US$ 12 / $ 11 per barrel.
PAYMENT TERMS: MT799 or MT760/Standby Letter of Credit with 2%PB

PROCEDURE CIF:

23.1 Seller and Buyer issue soft probe for verification on each party’s account through their banks. Seller issues Sales and Purchase Agreement (Contract) to the buyer. Buyer upon agreement, countersigns and returns the contract together with storage tank coordinates to allow the vessel to issue Notice of Readiness (NOR) and Estimated Time of Arrival (ETA).
23.2 Buyer issues MT799 or MT760/Standby Letter of Credit to seller’s bank via SWIFT. Seller’s bank confirms receipt by issuance of MT999 to Buyer’s bank and issues 2% PB to buyer’s bank.
23.3 Seller will arrange for a vessel to be nominated and registered with the terminal for loading in the name of the buyer. The terminal will forward Laycan together with a loading window to buyer. A vessel or vessels already loaded could be secured and made available for immediate shipment.

23.4 The vessel is loaded, inspected (Q&Q) and security cleared with Nigerian National Waters. All shipping documents issued are forwarded to the buyer within seven days ofinstrument becoming active.

23.5 The vessel captain send NOR and ETA and sails for the Port of discharge.

23.6 Shipping/Cargo documents will include all the documents as set out below.

23.7 Upon arrival in the Port of discharge, the buyer makes arrangements for the inspection of the cargo (Q&Q). Upon arrival at the waters of the destination port, vessel captain issues ATB to buyer for their inspectors to board the vessel.

23.8 Upon satisfactory results the cargo is discharged into buyer’s storage and payment is made via MT103 based on the out-turned barrel.