BONNY LIGHT CRUDE OIL

RFQ Description

TTO PROCEDURE(COTONOU WATERS)1.Buyer and seller sign and seal spa with full bank information. The electronic signed copy is considered legally binding on both parties and enforceable in any court of law that has jurisdiction.2. Buyer returns the signed contract with the following:ATB FORMATSCANNED DATA PAGES OF THE INTERNATIONAL PASSPORTS OF HIS INSPECTOR AND SUPER CARGO(SUPER CARGO MUST BE NNPC ACCREDITED). 3.Seller issues NOR/ETA to buyer, buyer acknowledges NOR and seller moves vessel to 10-12 nautical miles on cotonou waters. 4. on arrival at 10 12 nautical miles cotonou waters, vessel captain makes announcement on buyers name to harbor master and anchors cargo on 10-12 nautical miles.5.seller issues marine authority to board/clearance to buyer inspection team to board the loaded cargo for confirmation.6. on board, Inspector takes sample and disembark while super cargo remain on board the loaded vessel.7. Upon successful q & q analysis ,Capt issues ATTESTATION to buyer and sellers bank. Buyer PAY ONE MILLION USD (USD1,000,000.00) CASH OR transfers by SWIFT the same amount into the Seller„s account for Documentation, Clearance and other logistics8. After successful Q&Q analysis,the result is given to both the seller and Buyer. Buyer„s Bank then issues MT103 which crystallizes within 48 Hours (Two Banking days). Payment is immediately made by SWIFT via MT103 into the Seller„s account and all intermediaries„ accounts in this SPA.9. After confirmation of payment, Seller releases all loading documents in Buyer„ name to Buyer and hands the Buyer over to the Vessel Handler for a smooth take- over of the Vessel.10. Vessel sails to Buyer„s Port of discharge.NB: ANY ALTERATION TO THIS PROCEDURE RENDERS IT NULL AND VOID. PLEASE ONLY REELIABLE MANDATE/SELLER YOU CAN WORK WITH THIS PROCEDURE SHOULD CONTACT ME ON THIS LINE-+*******591675 & +*******421280. 12 million barrels of blco needed by reliable buyer on cotonou water automotive gas oil