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BLCO ON TANK FRAMS

FOB Price

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Minimum Order

Place of Origin:

Price for Minimum Order:

Minimum Order Quantity:

Packaging Detail:

TANKS

Delivery Time:

VESSEL

Supplying Ability:

100000 Acre per Day

Payment Type:

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Dynamic Forte Sdn Bhd

Malaysia

Free Member

Contact Person Mr. Kugan

No 138 Jalan Suadamai 6/3, Taman Tun Hussein Onn, Cheras, Kuala Lumpur, Kuala Lumpur

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Description

PRODUCT QUANTITY AT TANK FARMS LOCATIONS

1. QINGDAO ****0 MBLS /LANSHAN ****2 MBLS CHINA

2. ROTTERDAM *0MBLS

3. SPAIN ****5 MMBLS

This must be posted in the LOI. China price is 8/6 Rotterdam is 9/7 Spain is *0/8.

Procedures Shore Tanks & Barges controlled by the NNPC
Buyer send a LOI of exactly what they want per month and how many lifts. We also require the Buyer to cut and paste the procedures and state they have read and agreed to the procedures.

Seller issues Commercial Invoice Contract to Buyer, which includes PPOP, Tank Farm & Quantity.

• Buyer signs & returns CI.

• Buyer within 2 banking days ask Buyers Bank to issue by SWIFT non- operative DLC or SBLC, to Sellers Bank, in accordance with the attached verbiage. Sellers Bank confirms instrument Within *4 hours or on confirmation, Seller\'s Bank issues by SWIFT 2% PB to Buyer\'s Bank.

• Within *2 hours of Buyer issuing it non-operative instrument and Sellers confirmation Seller issues ATS, tank numbers, TSR and other POP information to Buyer so Buyer can conduct DD at the appropriate storage yard to verify the fuel.

• After initial DD by Buyer, Seller issues DTA for the DIP test for Q&Q CIQ which has to be completed by Buyer within *8 hours or actual receipt of the DTA notice.

• The Buyer through Third Party Inspection Company conducts DIP test and Q&Q CIQ at buyer\'s expense. Copies of reports are to be given to Buyer and Seller.

• Upon successful dip test analysis, Buyer pays via MT***3 within *4 hours and seller transfers good and marketable title into buyers name. Seller transfer cargo into Buyers tanks or ship within time frames mutually agreeable to Seller and Buyer, which shall be no more than *8 hours.

*Default / Non Performance. If either party Buyer or Seller fails to perform in the supply of the product, failure to complete Q&Q or make payment within *4 hours after receipt of the Q&Q report and issuance of the final invoice from the Seller the defaulting party will pay the non-defaulting party on notice of default $1,**0,**0.*0.

Current NNPC holdings in these areas would provide a starting amount of 6 to 8 million bbls

The Buyer can *@********************e after primary lift to max amount without increasing the value of original DLC or SBLC.

BLCO ON TANK FRAMS

Dynamic Forte Sdn Bhd

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BLCO ON TANK FRAMS

Dynamic Forte Sdn Bhd

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