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BLCO OFFER - TTO, Lome or Cotonou waters

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EDBridge London

Free Member

Contact Person Mr. Max

london, london, Other

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Product Specification

Type : BLCO
Grade: OPEC

Product Description

PRODUCT: Nigerian Light Crude Oil
QUALITY: NNPC Export standard
QUANTITY: **2 mm bbls per Bonny Light Crude Oil
VESSEL TBD
PERIOD *2 Months with Possible Roll Over and Extension
PAYMENT BY : MT**0
DISCOUNT: US$*2.*0 FIXED DISCOUNT BELOW PLATTS: US$8.*0 TO BUYER, US$4.*0 COMMISSION TO BUYER/SELLER AGENTS/FACILITATORS/CONSULTANTS
COMMISSION: Total Commission US$4.*0. Buyer side: US$2.*0 Seller side: US$2.*0
TRANSACTION: TTO – Cotonou
SELLER: NNPC JV OPERATOR(available to speak to any serious serious buyer)
Procedure: TTO all serious buyer acceptable procedure and Must be strictly adhered to.

PROCEDURE ON TTO: *2/8
1) Seller issues contract to buyer by means of electronic email. Buyer signs the contract and sends the signed contract to seller via electronic email for countersigning and attaches the following: ATB FORMAT, INSPECTOR’S DETAIL AND TUG BOAT DETAILS [provide with the proper legal identifications of the inspectors and supercargo that will board the vessel for seller to prepare ATB passes]. The electronic signed document is considered legally enforceable by both parties and is to be deposited in their respective banks.

2) Seller nominate, loads vessel and sends cargo shipping documentations to buyer consisting of the followings:
CLEAN BILL OF LADING.
SELLER’S COMMERCIAL INVOICE.
CERTIFICATE OF QUALITY AND QUANTITY.
CERTIFICATE OF ORIGIN ISSUED BY NNPC.
CERTIFICATE OF AUTHENCITY ISSUED BY NNPC.
CERTIFICATE OF OWNERSHIP
MASTER’S RECEIPT FOR SAMPLES.
MASTER’S RECEIPT FOR DOCUMENTS.
CARGO MANIFEST.

3) Seller sends MARINE AUTHORITY TO BOARD (MATB) and clearance for the buyer’s supercargo and inspectors to come on board the vessel.
[The supercargo who is the person that the buyer gives the responsibility to go on board and confirm product on board a loaded vessel must be the same person on the marine ATB. Any change in the initial plan should be sent to the seller in written format. The supercargo and/or inspectors will come on board the loaded vessel within *4 hours of receipt of MATB and clearance.]

4) Buyer’s bank swift to seller’s bank MT***0.

5) Seller vessel captain takes buyer’s inspector on board loaded vessel at buyer’s expense at agreed quality and quantity inspection point. Inspector’s board loaded vessel and physically verifies and confirms the content of the loaded vessel (DIP Test/Quality & Quantity Inspection). Buyer/Buyer’s bank issues Swift MT***3 to seller’s bank in favour of seller.

6) Upon inspector’s report, seller issues commercial invoice based on quality and quantity report for buyer to make payment via MT***3/Telegraphic wire transfer subjected to the transfer of title to buyer’s name.

7) Seller introduces buyer to vessel handlers for re-chartering.

8) Payment released to seller and vessel set sail to buyer’s port of discharge.

9) Subsequent deliveries will follow the above procedures

SPECIFICATION Conforms to Official NNPC Specification:
a) Specific *@***********************8
b) API Gravity

Country:	UK
Model No:	-
FOB Price:	(Negotiable) Get Latest Price
Place of Origin:	-
Price for Minimum Order:	-
Minimum Order Quantity:	-
Packaging Detail:	-
Delivery Time:	-
Supplying Ability:	-
Payment Type:	-
Product Group :	-