No 138 Jalan Suadamai 6/3, Taman Tun Hussein Onn, Cheras, Kuala Lumpur, Kuala Lumpur
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详情
PRODUCT QUANTITY AT TANK FARMS LOCATIONS
1. QINGDAO ****0 MBLS /LANSHAN ****2 MBLS
CHINA
2. ROTTERDAM *0MBLS
3. SPAIN ****5 MMBLS
This must be posted in the LOI. China price is 8/6 Rotterdam
is 9/7 Spain is *0/8.
Procedures Shore Tanks & Barges controlled by the
NNPC
Buyer send a LOI of exactly what they want per month and how many
lifts. We also require the Buyer to cut and paste the procedures
and state they have read and agreed to the
procedures.
Seller issues Commercial Invoice Contract to Buyer, which includes
PPOP, Tank Farm & Quantity.
• Buyer signs & returns CI.
• Buyer within 2 banking days ask Buyers Bank to issue by
SWIFT non- operative DLC or SBLC, to Sellers Bank, in accordance
with the attached verbiage. Sellers Bank confirms instrument Within
*4 hours or on confirmation, Seller\'s Bank issues by SWIFT 2% PB
to Buyer\'s Bank.
• Within *2 hours of Buyer issuing it non-operative
instrument and Sellers confirmation Seller issues ATS, tank
numbers, TSR and other POP information to Buyer so Buyer can
conduct DD at the appropriate storage yard to verify the
fuel.
• After initial DD by Buyer, Seller issues DTA for the DIP
test for Q&Q CIQ which has to be completed by Buyer within *8
hours or actual receipt of the DTA notice.
• The Buyer through Third Party Inspection Company conducts
DIP test and Q&Q CIQ at buyer\'s expense. Copies of reports are
to be given to Buyer and Seller.
• Upon successful dip test analysis, Buyer pays via MT***3
within *4 hours and seller transfers good and marketable title into
buyers name. Seller transfer cargo into Buyers tanks or ship within
time frames mutually agreeable to Seller and Buyer, which shall be
no more than *8 hours.
*Default / Non Performance. If either party Buyer or Seller fails
to perform in the supply of the product, failure to complete
Q&Q or make payment within *4 hours after receipt of the
Q&Q report and issuance of the final invoice from the Seller
the defaulting party will pay the non-defaulting party on notice of
default $1,**0,**0.*0.
Current NNPC holdings in these areas would provide a starting
amount of 6 to 8 million bbls
The Buyer can *@********************e after primary lift to
max amount without increasing the value of original DLC or
SBLC.
