详情
PROCEDURE
Seller issues procedures and price to the Buyer. If Buyer is in
agreement, he then issue a LOI with Sellers procedures included as
well as requested quantity and desired delivery port.
Seller issues CONTRACT to Buyer
Buyer and Seller sign the CONTRACT and both parties lodge with
their banks within *6 hours of signing the CONTRACT. The contract
is considered legally binding and enforceable and must not be
changed without mutual consent of both parties.
• Within 3 banking days Buyers Bank to issue by SWIFT to Sellers
Bank via a MT**9 RWA to issue, DLC MT**0 or SBLC MT**0 with Sellers
approved verbiage. Sellers Bank confirms by SWIFT MT**9 that the
Seller is ready to supply and to issue 2% PB. If Buyer fails
to issue MT**9 within the allotted time, Seller will consider the
contract null and void.
• Upon receipt by Buyers Bank from Sellers Bank their MT**9 stating
they are ready to issue the 2% performance bond upon receipt and
successful validation of genuine and acceptable financial
instrument from Buyers bank, the Buyers Bank will issue their
conditional DLC MT**0 or SBLC MT**0 within three banking days. If
Buyer does not issue their instrument within the time stipulated in
the procedure, the contract will be cancelled and considered in
default.
• Within five (**5) banking days, after receipt and positive
confirmation of Buyers instrument, DLC MT**0 or SBLC MT**0 in
accordance with attached verbiage, Seller issues a verifiable
VLCC nomination.
• Seller within 3 to 5 banking days has Sellers Bank to issue a 2%
PB to Buyer's Bank, to activate Buyers financial instrument.
Seller issues ship estimated time of arrival to Buyers discharge
Port, in Standard Laycan dates and times; *2, *8 and *4 hours
before arriving at destination.
Buyer issues ATB format to Seller at *2 hour Laycan date or not
less than *6 hours; Seller has ship captain issue Marine ATB, and
clearance documents, to board the ship.
Buyer has Inspection Company and Supercargo board ship to conduct
Q&Q.
On successful conclusion of Q&Q, Buyer remits inspectional
documents to Seller and Seller issues commercial
invoice, authorizes Captain to discharge the cargo and provides
Shipping documents to Buyers Bank.
Payment is released to the Seller within 3 days after discharge via
SWIFT MT**3 or TT Wire Transfer covering the total US Dollar amount
of USD $*0,**0,**0.*0(Estimated).
Seller transfers title to Buyer and hands over Title docs.
• Documents to be provided as issued
• Clean Ocean Bill of Lading, One (1) Original and three (3) copies
• Sellers Commercial Invoice, One (1) Original and three (3) copies
• Certificate of Origin issued by NNPC, One (1) Original and three
(3) copies • Certificate of Authenticity issued by NNPC, One (1)
original and three (3) copies • Certificate of Ownership • Masters
receipt for Documents • Cargo Manifest • Charter Party Agreement Q
& Q Certificate • ATS Authority to sell document • Receipt of
payment to NNPC
SPECIFICATIONS OF BONNY LIGHT CRUDE OIL BLCO
NNPC TECHNICAL SPECIFICATIONS:
Specific *@********************
F/ *5.*5
○
C 0.***7 to 0.***8
API Specific Gravity
