Description
I am Julius and I have some sellers who have 4 Million Barrel of Bonny Light Crude Oil and will be willing to sell. If you will make me your agent in securing this transaction, I will make sure that you get the product. The seller has offered to provide 2% perfomance bond to guarantee that they have the product and you are not expected to pay any amount until you have done your Q and Q. If you are interested in 12 months contract, This is the procedure: NNPC Procedures for Off OPEC Bonny Ocean Terminal: FOB/TTO PROCEDURE 1. Buyer issue a Bank endorsed ICPO/MT799 to NNPC The ICPO/MT799 Must be addressed to; The Director of Operations NNPC Platform, Bonny Ocean Terminal, Bonny Island, Port Harcourt, Nigeria The below procedure must be included in the bank endorsed ICPO/MT799; 2. Buyer and Seller sign the SPA contract incorporating their full banking details. 3. The Buyer shall submit its ATB format for Supercargo and Inspectors to Seller. 4. The Seller shall nominate a Vessel and submit information on it to the Buyer and also cause the Captain of the vessel to issue a Marine ATB for the Buyer’s Supercargo. 5. The Seller shall board the Buyer’s Supercargo on the nominated vessel at Seller’s cost. The Supercargo shall confirm its status, vessel status and cargo directly to its buyer. 6. Upon confirmation by Buyer’s Supercargo and with the Supercargo still on board , The Buyer’s Bank issues by swift a Non operative Bank instrument (SBLC, LC BG) to the Seller’s Bank to cover the total cost of cargo shipment within 3 working days. (A copy of the swift and return swift shall be sent to terminal/seller’s Mandate) 7. Upon confirmation of the Buyer’s Non Operative Instrument LC , the Seller’s bank shall within 2 to 5 Banking days, issue a 2% operative performance Bond of the total cost of Cargo to the Buyer’s Bank . 8. The Receipt and confirmation of the Sellers’s 2% Performance Bond by the buyer shall automatically and unconditionally activate the Buyer’s SBLC, LC, BG. (A copy of the swift and return swift shall be sent to terminal/seller’s Mandate) 9. Within 24 hours of confirmation of the Instrument; The Seller shall open full communication between the Buyer and The Captain of the vessel. The Seller shall cause the vessel to proceed immediately to an agreed West African offshore Location for SGS Inspection or Inspection by Buyer’s nominated inspectors. 10 . The Seller shall Organize Logistics and Security clearance Inspection officers to board the Loaded vessel at an agreed Location for Q and Q Analysis. 11. The Seller shall thereafter; a. After satisfactory Inspection report , assist the buyer to re-charter the vessel through the Vessel Handlers from Vessel Operators. a. Re-register and Re-document all required Cargo and vessel papers (warrant of title, Bill of Lading, etc) as speculated in the documents clause of this contract. b. Re- program Cargo on shell screen for confirmation by Buyer