Selling N°370336:
12/07/2019 21:55:51
Brand
Member Area
1. nnpc bonny terminal (represented by her fiduciary agent) and buyer sign sales and purchase agreement with full banking coordinates and electronically signed spa is considered legally binding.
2. buyer’s bank send operative stand by letter of credit (sblc mt760) or mt 799 block fund to seller’s bank by swift,validfor oneyear with the verbiage acceptable to the seller; buyer also send client information sheet (cis) and nor/atb format and international passports.
3. upon receipt and confirmation of buyers operativestandby letter of credit (sblc mt760) ormt 799 block fundfor this transaction.
4. nnpc/seller within 5 banking daysnominates a vessel.
5. buyer releases his port of discharge (pod) to the seller. seller loads vessel in buyer’s name as the consignee on the entire shipping document and sends the details of the loaded vessel to the buyer.
6. seller’s captain issues both eta, nor and copies of cif standard shipping documents, furnish both buyer and buyer’s bank with the following documents in buyer’s name which includes:
a. clean on board ocean bill of lading,b. certificate of quality,c. certificate of quantity
d. certificate of origin, e. vessel ullage report, f. receipt of samples, g. cargo manifest
h. authority to sell (ats), i. seller commercial invoice.
7. buyer and his harbour master acknowledges the nor/eta.
8. seller’s captain sails the loaded vessel to buyer’s port of discharge and upon arrival at the buyer’s port of discharge, seller’s vessel captain issues nor to tender the vessel’s arrival and issues marine atb from his vessel domain via e mail to the buyer’s inspection agents and copy buyer .
9. buyer conveys his appointed super cargo and inspectors on board the vessel and conduct quality and quantity analysis test and the result is tendered to both the buyer and seller.
10. upon positive q & q result, buyer pays for the cargo on the out turned barrels according to the q&q based on 3 days average on dated london brent platts while the crude oil is discharged into the buyer\s tanks.
Tariff conditions : Gross $12 per barrel, $ 8 per barrel net to buyer
Restrictions : ILLIMITE
Packaging : CIF
Quantity : 2- 6 MILLIONS DE BARIL PAR MOIS
Cost : Gross $12 per barrel, $ 8 per barrel net to buyer
