Blco for sale from 1 000 000 to 10 000 000bls.seller is ready to issue 2% to activate DLC and buyer releases payment only when ship is at destination port and buyer conducts sgs to confirm product.email me at [email protected]:tabewilliams Sellera procedure CIF PROCEDURE – ASWP – ANY SAFE WORKING PORT – BUYER’S POD 3 (Spots) X 2 Million Barrels BLCO (Nigeria) as per below procedures: 1. Buyer send LOI to seller company name :J.I Limited 2. Request for Seller signed and sealed SPA. Buyer sign, seal and send back to the Seller. 3. Within 3 banking days Seller sends verifiable copies of: a) Allocation documents issued by NNPC BONNY TERMINAL HEAD in seller’s name. b) Authority to sell, issued by NNPC BONNY TERMINAL HEAD in seller’s name. 4. Both parties lodge signed, sealed copies of the SPA with their respective banks. 5. Seller’s bank issues RWA as per Annex C (attached), bank-to-bank 6. Buyer’s bank issues RWA, bank-to-bank, indicating Readiness, Willingness & Ability to issue DLC upon receipt of Seller’s 2%PB NO but NON OPERATIVE 2%PB see below 7. Within 5 banking days Seller´s bank will issue NON OPERATIVE 2%PB from a TOP Western bank to Buyers bank. Within 5 banking days of receiving Seller´s NON OPERATIVE 2%PB, Buyer’s bank will issue DLC/MT700 from a TOP Western bank to Sellers bank, to activate the 2%PB. Yes NON OPERATIVE 2%PB but SLBC not DLC 8. Then from there the signed contract (SPA) will become bank to bank transaction until completion of the contract. 9. Seller arranges for the loading of the first tanker vessel and forwards all ship documents (as declared in the contract) and transfer of title documents that was once issued to his name to Buyers name for verification.file (verbiage on how to send 2%PB) 10. Within 10 banking days vessel´s captain sends NOR and ETA to buyer and delivers the crude oil to Buyer’s POD. 11. Buyers SGS team boards vessel, conducts Q&Q at buyers expense and releases Q&Q certificates to the seller and Buyer. 12. Buyer’s bank pays the total value of each cargo direct to Sellers account, and also pay commissions to all Agents and Facilitators through their individual account coordinates as provided in the SPA, via MT103 Bank SWIFT wire transfer, within 72 hours from Q&Q results and receipt and verification of all ship documents including the transfer of title documents and after discharge into buyer’s storage tank. Annex “C” Seller’s BANK RWA BANK SWIFT RWA TEXT MT 799 __/00/13-__:__:__ ______________________ -------------------------- Instance Type and Transmission ---------------- Copy received from SWIFT Priority : Normal Message Output Reference : _________________________________ Correspondent Input reference : __________________________________ ------------------------------ Message Reader ------------------------------ Swift Output : Sender : Receiver : ------------------------------ Message Text -------------------------------- Dear Sir We, the undersigned, are informed by our Client _______________ that he has signed and sealed the Contract No.: _______________ with your Client _______________ dated ______________. Furthermore, we, the undersigned bank officers of ___________________ confirm that our Bank is holding under full Banking Responsibility the verified POP (Proof of Product) on behalf of our Client _____________ which belongs to the Contract No.: _____________ dated ______________ for the Product ____________ for _______ MT (in Words ________________). Also we confirm that we are ready and willing to issue the 2% Performance Bond Guarantee in the amount of _______________ USD. The Proof of Product set of documents include the following: 1. Proof of Product document issued by NNPC and indicating: b. Product specification c. Bulk Equity No:_____ d. Bulk MPR approval Ref.No.______________ e. Lifting Period f. Alotees’ Names – showing Seller among beneficiaries of this POP g. Pro-forma of the Commercial Invoice based on the calculated price and quantity 2. Authority to sell issued by NNPC to the name of the Seller 3. Certificate of Incorporation of the Seller’s Company 4. Export License issued to the name of the Seller. 5. Pro-forma Charter Party with shipowner for CIF delivery to Rotterdam All documents are in the name of our Client. Our client _______________________ has the full right on above POP In exchange of this POP we request to confirm, that your client is ready willing and able, to establish a ________________ (DL/C, SL/C) in the amount of _______________ USD per month, valid for _________ month for the Contract No.: ____________________ dated ____________ with your Client _____________. Bank Officer Name: Bank Officer Name: Title: Title: Signature: Signature: Bank Seal Bank Seal
Posted on: Sun, 28 Sep 2014 04:10:01 +0000
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