2 MILLION BARRELS (SPOT) WITH POSSIBLE CONTRACT
BLCO TRANSACTION PROCEDURE FOR TTO DELIVERY:
1. Seller and Buyer sign and seal this contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both parties is considered legally binding and enforceable.
2. Buyer returns the signed copy with the ATB format (supercargo/inspector full boarding details).
3. Sellerâ??s vessel captain issues Marine ATB from his vessel domain according to buyerâ??s format via e-mail to buyer
4. Buyer issues Notarised/Confirmed Corporate Cheque of N200million which is cashable upon receipt of Attestation
5. Seller issues navy clearance through NNPC.
6. Upon both receipt and confirmation of ATB and Clearance by Buyer, Seller positions the vessel for Quantity and Quality analysis/test (QnQ).
7. Buyerâ??s Supercargo (must be NNPC registered) and a second Buyerâ??s Representative designatedsupercargo/Inspector go on board the sellerâ??s loaded vessel. If Buyerâ??s Supercargo/s is not NNPC Registered, Seller will pay the fees necessary to obtain temporary accreditation for the supercargo, on behalf of the Buyer.
8. Buyerâ??s supercargo confirms product and the vessel captain sends a confirmation/Attestation letter endorsed by the supercargo.
9. Upon receipt of Attestation, Buyer promptly wires N200,000,000.00 into Sellerâ??s Account
10. The Buyers Representative designated as supercargo/inspector, takes samples (total of 4 to 7 litres or as the Captain may allow), and disembarks from the vessel while the first supercargo remains on board until the completion of the TTO transaction.
11. Samples are sent to the laboratory (SGS OR INTERTEK) and Q&Q Report generated and sent to both Buyer and seller. Buyer issues a BG for total cargo, assuming a total volume of 2 million barrels.
12. Seller confirms the BG for total cargo.
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13. Final Q n Q Report is generated
14. Seller sends final commercial invoice (CI) to Buyer based on quantity of cargo.
15. Seller issues the full list of original copies of cargo documents** in the name of the off-taker nominated by the buyer.
16. Upon receipt of the cargo documents, Buyer makes payment for total cargo via MT103 less the N200,000,000 ($600,000).
17. Seller arranges for Buyer to talk to shipping company and take over vessel via charter party agreement.
18. Seller confirms payment for cargo made by swift via MT103 and pays commissions to all mandates & agents. Cost of payment transfer is borne by each individual/entity or Corporation
19. Buyer takes over vessel and sails to destination.
Supplier: Jet a1, jp54, lpg, petroleum coke, bitumen, rebco crude, blco, heavy crude, aircraft engines & parts, vessels, barges
Services: Transportation, shipping, long haul transportation , oversize, (within the united states)
Buyer: Jet a1, jp54, lpg, petroleum coke, bitumen, rebco crude, heavy crude, aircraft engines & parts, vessels, barges
Bitumen Product Description : Bitumen is widely used in the construction of asphalt roads and bituminous membrane products. Bitumen is commonly used to build highways, motorways and rail networks. Bitumen has excellent water-proofing properties and is widely used for making roofing products along with a range of other household and industrial applications, from emulsion paints to sound-proofing. Penetration Bitumen and Bitumen Emulsions are used for the construction of railway tracks and by using special types of bitumen such as Polymer Modified Bitumen, the vibration and noise levels are reduced due to a dampening effect. Bitumen has been proven to be effective on both high-speed railway tracks and heavy load railway tracks. Bitumen is also used for surfacing airfield runways and air strips (PMB is preffered due to its fuel resistant properties) and taxi ways. For the Marine construction industry bitumen is used for hydraulic applications such as canal lining, underwater tunnels, river bank protection, dam construction and sea defences. There are also numerous industrial applications like roofing felt material, printing inks, packaging paper, linoleum, electrical cable / Junction box insulation, mastic for roofing of terraces, and duplex paper manufacture. Price of product ( USD price or FOB price) : 3.000 MT monthly market price. 10.000 MT monthly market price Less 5%. Product origin : Russia and Non Russia Key Specifications/Special Features : Specifications for types/grades of Oil Bitumen according to buyer specifications and/or will be given upon received buyer credible purchase request in the form LOI/ICPO docs. Minimum Order Size and Packgaing details : MOQ 3000 MT Bulk in tanker vessels. Drums 150/180/200 Kg. Jumbo bags 1000 Kg. Poly bags 32 Kg. Tanks 20 MT.
OFFER #1: CIF INCLUDES PORT DOCKING OF VESSEL AND CUSTOM CLEARANCE BY SELLER. PROCEDURE: Dip and Pay. Free boarding, Q&Q onboard vessel inspection by Buyer. LICENSE: China CCIC PAYMENT: After custom clearance and port of destination. No bank guarantee, no blocked funds, and no SBLC PRICE: $-8 gross / $-6 net OFFER #2: Tanker Tank Over (TTO) PROCEDURE: $1M SBLC ISSUED BY BUYER THROUGH SWIFT MT 760 AND INSTRUCT HIS LOADED VESSEL CAPTAIN TO ISSUE NOR/ETA TO HABOUR MASTER FOR ONWARD DEPARTURE ON BEHALF OF BUYER AND HIS SHIPPING AGENT. INSPECTION: BUYERâ??S INSPECTOR CONDUCT Q&Q AND SUBMIT RESULTS TO BUYER AND SELLER. PAYMENT: MT103 CRYSTALIZED TO CASH LESS $1M FOR LOGISTICS AND DOCUMENTATIONS, AS BUYER MAKES FULL PAYMENT. PRICE: $-12 gross / $-8 net OFFER #3: CIF FOR UNLOADED SHIP PROCEDURE: RWA issued by Buyer via MT799 Stating Readiness to issue SBLC. Seller validates SBLC and issues 2% PB to Buyers' Bank INSPECTION: Buyers' Independent Inspectors inspectors form Q&Q PAYMENT: MT-103 PRICE: $-12 gross / $-8 net
2MBBLS BLCO LOADED VESSEL READILY AVAILABLE (Outside Nigerian Waters) Price: (-$10/-$6) Quantity: 6MBBLS per Month Special Notes: Full upfront (POP) Procedures: Buyer sends RWA, Seller sends (Full POP), Buyer verifies, Sign (SPA) and Swift a DLC/MT700/SBLC. Seller issues a 2% Performance Bond
Product Description : BLCO contain 17 product iterms Price of product ( USD price or FOB price) : FOB USD 13/4, CIF USD10/4, per barrel. Product origin : Nigeria Key Specifications/Special Features : NNPC STANDARD NNPC TECHNICAL SPECIFICATIONS: SPECIFIC GRAVITY: 0.8398 API AT 60 DEG. F: Min 34.00 5% (ASTM D-1298) WATER CONTENT BY DISTILLATION: 0.2% (ASTM D-4006) POUR POINT DEGREES F: BELOW 40 (ASTM D-97) SULFUR WEIGHT %: 0.14 (ASTM D-139) SALT CONTENT PARTS PER BILLION: 3.0 (ASTM D-526) REID VAPOR PRESSURE (P.S.I.G.): 6.52 (ASTM D-529) KINEMATIC VISCOSITY @ 30 DEG. C: 2.2 (ASTM D-523) DISTILLATION INITIAL BOILING POINT (IBP): 35 DEG. C (ASTM D-86) DISTILL TO 75 DEG. C VOL.%: 7.0 DISTILL TO 175 DEG. C VOL.%: 35.5 DISTILL TO 250 DEG. C VOL.%: 51.5 DISTILL TO 300 DEG. C VOL%: 60.5 COLOUR Dark Brown Minimum Order Size and Packgaing details : 2 Million, 4 Million and 10 Million Barrel, Minimum 2 Million barrel Vessel per month.
SPECIFIC GRAVITY: 0.8398 API AT 60 DEG. F: Min 35.0 -Max 37.00 +/- 5% (ASTM D-1298) WATER CONTENT BY DISTILLATION: 0.2% (ASTM D-4006) POUR POINT DEGREES F: BELOW 40 (ASTM D-97) SULFUR WEIGHT %: 0.14 (ASTM D-139) SALT CONTENT PARTS PER BILLION: 3.0 (ASTM D-526) REID VAPOR PRESSURE (P.S.I.G.): 6.52 (ASTM D-529) KINEMATIC VISCOSITY @ 30 DEG. C: 2.2 (ASTM D-523) DISTILLATION INITIAL BOILING POINT (IBP): 35 DEG. C (ASTM D-86) DISTILL TO 75 DEG. C VOL.%: 7.0 DISTILL TO 175 DEG. C VOL.%: 35.5 DISTILL TO 250 DEG. C VOL.%: 51.5 DISTILL TO 300 DEG. C VOL%: 60.5 COLOUR: Dark Brown SHIPPING TERMS: CIF DESTINATION PORT: CIF ASWP PAYMENT TERMS: MT700, MT799
*Nigeria Liquid Crude Oil (BLCO) FOR SALE* *Price: Price: Brent Minus Gross $7/BBL, Net $6/BBL, $1/BBL commission 50/50* MT ADISA - IMO NO: 9304667 This vessel is ready for a take over transaction in Tema Port, Ghana waters upon receipt of a valid contract and ATB format for boarding for dip test and payment. The vessel is pregnant with 2,000,000 barrels of Nigeria Light Crude Oil as described further in the available PPOP. *TRANSACTION PROCEDURE* 1. Byer issue icpo with details company profile and CIS. 2. Seller issues Commercial Invoice (CI) for the available products. Buyer executes and returns. 3. Seller provides the DTA - Unconditional Quality & Quantity (Q&Q) inspection Authorization (Dip-Test Authorization DTA). 4. Buyer verifies and confirms the crude oil and pays for it by by SWIFT MT103 100%TT wire transfer payment. 5. Seller transfers the product ownership title and releases all exportation documents to Buyer. Vessel will be re-routed to destination port of the buyer. 6. Seller and Buyer negotiate annual contract.
Bonny Light Crude Oil (BLCO) Min 35.0 Max 37.0 (+/-5%) Maximum Quantity: 2,000,000 Barrels per Month Price: Gross USD $89.00BBL - $85.00 CIF FOB TTO Negotiated per SPA. TERMS OF NEGOTIATION ORIGIN: FEDERAL REPUBLIC OF NIGERIA INCOTERMS: CIF/FOB/TTO LOADING TERMINAL: GULF OF GUINEA / FORCADOS PAYMENT TERMS: SBLC-MT760, MT103 PERFORMANCE BOND: 2% PB CONTRACT TERM: 12 MONTHS MINIMUM (WITH ROLLS AND EXTENSIONS) INSPECTION: SGS, CIQ OR SIMILAR COMMISSION: STRUCTURED NCNDA/IMFPA FOB ROTTERDAM TANK TAKEOVER (SELLER TANK EXTENSION) 1. Buyer sends ICPO in line with seller working procedures 2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller Within its validity. 3. Upon receipt and review of the signed C.I., Seller sends to the buyer detailed information of Tank Storage facility where the product is stored for buyer to contact and extend the tank for at least a minimum of three (3) days. 4. Upon confirmation of Buyer's tank tension from seller's tank farm, Seller submits to by an Unconditional Dip Test Authorization (UDTA) along with the below full POP documents: - SGS report, Pre- Injection Report, Commitment Letter to Supply Authorization to sell & collect. 5. Buyer appoints their testing teams SGS or Equivalent to vessel. dip test in seller tank before injection to the buyer's vessel or conduct test upon injection completion into the buyer's vessel to ascertain the Quality and Quantity injected to the vessel. 6. Upon successful completion into buyers tanker, Seller issues payment invoice for Buyer to pay for the product value 7. Seller issues Tittle ownership documents to buyer upon confirmation of buyer payment. NCNDA/IMFPA sign and seal by all intermediaries connected in the transaction. 8. Seller within 24 hours upon receipt of the buyer's payment pays commission to all intermediaries involved in the transaction.
BITUMEN GRADE60/70 PRICE CIF ASWP: GROSS $390/NET $380 TERMS OF NEGOTIATION ORIGIN: FEDERAL REPUBLIC OF NIGERIA INCOTERMS: CIF/FOB/TTO LOADING TERMINAL: GULF OF GUINEA / FORCADOS PAYMENT TERMS: SBLC-MT760, MT103 PERFORMANCE BOND: 2% PB CONTRACT TERM: 12 MONTHS MINIMUM (WITH ROLLS AND EXTENSIONS) INSPECTION: SGS, CIQ OR SIMILAR COMMISSION: STRUCTURED NCNDA/IMFPA FOB ROTTERDAM TANK TAKEOVER (SELLER TANK EXTENSION) 1. Buyer sends ICPO in line with seller working procedures 2. Seller issues Commercial Invoice (C.I.), Buyer Signs within 24 hours and returns to Seller Within its validity. 3. Upon receipt and review of the signed C.I., Seller sends to the buyer detailed information of Tank Storage facility where the product is stored for buyer to contact and extend the tank for at least a minimum of three (3) days. 4. Upon confirmation of Buyer's tank tension from seller's tank farm, Seller submits to by an Unconditional Dip Test Authorization (UDTA) along with the below full POP documents: - SGS report, Pre- Injection Report, Commitment Letter to Supply Authorization to sell & collect. 5. Buyer appoints their testing teams SGS or Equivalent to vessel. dip test in seller tank before injection to the buyer's vessel or conduct test upon injection completion into the buyer's vessel to ascertain the Quality and Quantity injected to the vessel. 6. Upon successful completion into buyers tanker, Seller issues payment invoice for Buyer to pay for the product value 7. Seller issues Tittle ownership documents to buyer upon confirmation of buyer payment. NCNDA/IMFPA sign and seal by all intermediaries connected in the transaction. 8. Seller within 24 hours upon receipt of the buyer's payment pays commission to all intermediaries involved in the transaction.
