BLCO CIF 4 mil BBLS

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BLCO CIF 4 mil BBLS

Post  Admin on Thu Dec 13, 2012 9:42 pm





COMMERCIAL INVOICE REF. PI/INSP/US/2018/VOL.64/059COMMERCIAL NR: 282647
Bill To: (Buyers Name) ---------------

Attn: Date: 28/11/2012



XXXXXXXXXXX NIG LIMITD
XXXXXXXXXXXXXXXXXXX Ship To: TBN
SPECIAL CONDITIONS:


We here by present our performer invoice for placement of you bank guaranty or cash backed LETTER of CREDIT (LC) and or MT103/23 to cover the cover of two million barrels per spot product (BLCO) We are about supplying to your company BLCO OFFER CIF WITH 2% PB 4MBRLS X 12 MONTHS REVOLVING
P. O. Number Terms Rep Ship Via CIF Project
NNPC/8276
CIF
Engr. XXX
M/T ….
Bonny Terminal
Bonny BOP 2,000,000 BBLS of
NBLCO
Quantity
2,000,000BBLS +/-5%.BBLS X 2 Item Code:
JVO/GOLDLND-NBLCO 0021 Description:
CRUDE NBLCO Price
Platts: $XX .00USD Amount
$XX.00USD (2,000,000BBLs)

Invoice expiration date: 14th December, 2012 if not signed and accepted by both parties.

Logistics:

1.Cost to Leave Nigeria
2.Cost to issue cargo documents on buyers name.


NLCO CRUDE OIL


NLCO CRUDE OIL 12 MONTH

TRANSACTION PROCEDURES:

1. Seller releases this Sales and Purchase Agreement (SPA) via electronic mail to the Buyer, duly signed and sealed by the Seller.

2. Buyer signs and seals the Agreement and forwards a copy electronically to the Seller. The electronic copy of this Sales and Purchase Agreement duly executed by both parties is legally binding and enforceable. Both parties deposit copies of the Agreement with their respective banks.
3. Seller release his pop / ats to Buyer for verification
4 upon confirmation Buyer instruct his bank to issue MT103/23
5. Seller and his Fiduciary bank, within 48-72hrs of receipt of Buyer’s Standby Letter of Credit, SWIFT the 2% operative Performance Bond to the Buyer’s bank that shall activate Buyer’s SBLC.

6. Seller immediately nominates Vessel and program Vessel with NNPC for loading. Proof of Product (POP) documents to include:

i. Bill of Lading
ii. Certificate of Quantity and Quality from SGS & NNPC
iii. Master’s receipt for samples
iv. Cargo Manifest
v. Tanker Ullage Report
vi. Tanker Time Sheet vii. Customs clearance certificate
vii. Charter Part Agreement for Nominated Vessel
viii. Q88 of Chartered Vessel

7. Seller notifies Buyer with copies, within (48 hours) after complete loading of vessel from the NNPC Bonny Terminal.

8. Buyer confirms the vessel with the vessel owners/Managers and opens full communication with the captain/Master, while cargo sails to Buyer’s port of destination to discharge the product.

9. After the vessel has discharged its cargo at Buyer’s designated port outlined above and Buyer has received the Discharge Report as shall be confirmed by the captain of the vessel, including all relevant documents presented by the Seller after the time of cargo delivery, Buyer must make payment by KTT wire transfer to Seller’s Bank Account payable at it’s counter for this transaction and to beneficiaries named in Master Fee Protection Agreement in the contract for fees.

10. Payments are made by Swift Wire Transfer directly to the Seller’s bank accounts and commission agents as stipulated in the MFPA in this contract within three (3) international banking days after product delivery and discharge at Buyer’s nominated port of discharge against presentation of stated shipping documents (non-negotiable copies) at Buyer’s bank.
1. 11. The signatures on this contract by the Buyer and by Seller means both accept all the content as for Quantity, Discount and Procedures.


Total transaction cost of around.


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