buyer needs 6M bbl per month X 12 with R&E. So if you have a seller who is RWA contact us after you have secured his consent & acceptance. This offer is not expected to last, so we shall deal on first come first serve as long as seller is genuine. HURRY! A. Product: BLCO (Bonny Light Crude Oil) B. Delivery Methods: CIF C. Delivery Port: Dang Fang Hainan, China. D. Quantity/Frequency: 6 million barrels per month X12 with possible rolls and extension E. Price, Credit Period & Currency The price to be paid shall be based on the loaded quantity of Crude Oil for each shipment based on standard barrels and under “Dated Brent” as in the Platt’s Oil gram Report. F. Seller with capability to give 2% PB. G. Discount: Gross Discount $10.00USD per barrel, $7.00 net TO BUYER, $3.00 TO BROKERS, SELLERS AGENT, $1:50; BUYERS AGENT, $1:50. H. Buyer shall issue ICPO in favor of seller upon successful registration of seller as a vendor with buyer. Offer is not expected to last, so we shall deal on first come first serve as long as seller is genuine. HURRY! PROCEDURES (C.I.F) 1. Seller issues Sales Purchase Agreement. (S.P.A), Buyer signs and return with port of discharge and NOR detail. 2. Buyer’s bank contacts sellers’ fiduciary bank via pre-advice (SWIFT MT-199) indicating interest to issue an NON operative, STANDBY letter of credit). Also appending agreed SBLC verbiage. 3. Seller’s fiduciary bank confirms to the buyers bank via MT199 that its ready willing and able (RWA) to issue a 2% Performance Bond of the equivalent of the first delivery of 4 million barrels after confirmation of buyer’s NON-Operative STANDBY letter of credit value 4. Upon receipt of sellers MT199; buyer’s bank will automatically issues standby letter of credit to seller’s fiduciary bank. Seller’s fiduciary bank reciprocates with a 2% Performance Bond. 5. Seller nominate Laycan (Programming), Loads and commences movement of vessel to buyer’s discharge Port and avails buyer full set of loading documents. 6. Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to buyer’s discharge Harbor/Tank. 7. Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location. 8. on successful conclusion of Q&Q analysis, buyer issues SWIFT MT-103/23 to seller’s Bank for confirmation. 9. All Original Cargo Documents shall be transferred to Buyers name. 10. Transshipment to buyers Storage Tank commences. 11.Payment for product and commissions is released to sellers nominated bank; 72 hours after transshipment of product PORT Of at out turn barrels upon presentation of the transaction documents at buyer’s bank. Thanks for your anticipated co-operation.
Posted on: Thu, 17 Jul 2014 05:23:18 +0000