 |
|
|
BLCO
| Photo |
Product Description |
|
|
Place of Origin: Nigeria
Quantity: 2-10mbbl
Packaging: Not Specified
Price: Not Specified
Classification: Chemicals - Petroleum Products: Crude Oil
Product Descpription:
TANKER TO TANKER (1)
2. DESTINATION: SHIP-TO-SHIP TRANSSHIPMENT
3. QUANTITY: TWO MILLIONS BARRELS ON SPOT PER SHIPMENT
3. VALIDITY OF CONTRACT: 24 DAYS FROM THE DATE THE SELLER HAS SIGNED
4. PRICE: Selling price (Brent), 3 days average of the date of the invoice the day before and the day after minus the following discount:
Gross: $7.00
Net: $5.00
5. COMMISSION: $2.00 to be split as follows:
Seller’s mandate: $1.00
Buyer's mandate: $1.00
6. PAYMENT
After determination of quantity on board of buyer’s vessel, full by swift wire transfer as per the instructions on the payment schedule (which must be endorsed by the seller and buyer) is made of the total value of product within 24 Banking hours.
7. PROCEDURE
PROCEDURE OF TRANSSHIPMENT
(1) Buyer and Seller sign contract agreement with full Bank co-ordinates.
(2) Buyer issues irrevocable corporate purchase order (ICPO) endorsed by buyer’s bank
(3) Seller places $100,000.00 Cash Deposit to Buyers Bank and
(4) Within 72 hours of receipt of Sellers' P.O.P. cash deposit, Buyer shall nominate his vessel and shall forward details to the Seller. Buyer shall also forward his letter of "Authority to Load"
(5) Seller’s vessel sails to long side with the Buyer's vessel at 50-70 nautical miles international free waters
(6) Buyer places instrument and irrevocable, divisible transferable and operational letter of credit in favour of seller.
(7) Q & Q is conducted by buyer and seller: Transshipments take place.
(8) Payment is released by (KTT SWIFT TRANSFER) on out turn barrel upon presentation of the loaded vessel documents at the buyers Bank.
(9) Buyer pays Commission to Agents /Brokers. as described in the MFPA ADENDUM.
Seller’s mandate: $1.00
Buyer's mandate: $1.00
The above commission must be guaranteed by Buyer via separate Fee Protection Agreements issued |
View More Products!
Contact Us for More Information! |
|
|
|
 Nigeria
Newsletter
From time to time we are sending out newsletters about our products / promotions to our existing and future clients. If you would like to be informed, please signup below. |
|
|
Announce your 