Product: Nigerian Bonnie Light Crude Oil Quantity 1 million barrels spot (immediately liftable) Location: Canary Islands, Spain Price -8-5 TTO Brents 3 day Ave. Commission $1.50 per barrel sell side closed, $1.50 per barrel buy side ICPO made out to: Jomateshi Concept Limited Via Onobu Adem PROCEDURES: ICPO made out to: Jomateshi Concept Ltd Via Onobu Adem ATS and Bill of Lading have been verified by consulting team and are available if we can qualify buyer on phone. Full POP is available after contract signing. Vessel is currently off of Western Sahara heading North to Portugal. We have the option to divert to Canary Islands and purchase crude if there is a confirmed buyer. Buyer must have some mechanism to prove they have money such as Bank Comfort or Assurance Letter or some other means to show they really have the ability to buy the fuel. ATB will then be given. Serious buyer will be given permission to call the vessel and verify its location and that it is carrying BLCO and who it is consigned to and when this call is made can be negotiated. What is required is the buyer to initiate a phone call with Seller and indicate who they are and why they are in a position to buy 1 million bbls of BLCO. PROCEDURE FOR BONNY LIGHT CRUDE OIL TTO 1. BUYER AND SELLER SIGN AND SEAL CONTRACT INCLUDING BANKING COORDINATES AND EXCHANGE THE SIGNED COPY BY ELECTRONIC MAIL. THE ELECTRONIC SIGNED COPY BY BOTH PARTIES IS CONSIDERED LEGALLY BINDING AND ENFORCEABLE, THE EXECUTED SPA IS LODGED IN THEIR RESPECTIVE BANKS. 2. SELLERS BANK ISSUES VERIFIABLE PROOF OF PRODUCT (POP) TO BUYER FOR CONFIRMATION. 3. BUYER CONFIRMS THE POP & BUYERS BANK ISSUES A LETTER OF CREDIT/BANK GUARANTY FOR THE ENTIRE CARGO TO SELLER’S BANK IN FAVOUR OF SELLER FOR VESSEL TO MOVE TO COTONOU WATERS. 4. SELLERS CAPTAIN WILL SAIL CARGO TO CANARY ISLANDS AND ISSUE MARINE ATB FROM THE VESSELS DOMAIN TO BUYERS INSPECTORS TO BOARD THE LOADED VESSEL WITH CLEARANCE FOR Q&Q, IN CANARY ISLANDS WATER. 5. THE BUYER’S INSPECTOR CONDUCTS Q&Q, REPORT IS SENT TO BUYER AND SELLER. SELLER SHALL ALSO FORWARD THE CPA, Q88, AND INVOICE TO THE BUYERS AND INTRODUCES BUYER TO THE VESSEL HANDLER/OWNER TO PLACE A VOYAGE CHARTER ON THE VESSEL. 6. BUYERS BANK PLACE FULL INSTRUMENT SUCH AS MT103 AND EFFECT PAYMENTS FOR CARGO WITHIN 72 HRS BY KTT WIRE TRANSFER TO SELLERS NOMINATED BANK ACCOUNT AND FACILITATORS BANK ACCOUNTS AS PER CONTRACT AND COMMERCIAL INVOICE FROM SELLER IN EXCHANGE FOR THE CARGO DOCUMENTS CHANGED TO BUYERS NAME AS OWNER OF PRODUCTS. 7. SELLER CONFIRMS PAYMENTS AND CLEAR BUYERS VESSEL TO SAIL VOYAGE TO HER BUYERS PORT OF DISCHARGE. 8. DEAL CLOSED WITH POSSIBLE ROLL-OVER. Contact via: dennisrexs007@yahoo
Posted on: Mon, 28 Apr 2014 09:05:34 +0000
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