WE ARE BUYER OF CRUDE OIL CIF & FOB BASIS

RFQ Description

FOB PROCEDURES: 1. Buyer Issues LOI 2. Seller Issues Draft Contract and forward for Buyer review/signature. 3. Seller issues to Buyer written confirmation from NNPC London Office, stating genuine nature of Sellers allocation. 4. Upon verification of NNPC London letter, B-Bank issues (LOU) equal to cash value. 5. Buyer sends all needed vessel information to Seller to call in Vessel for loading. 6. Seller calls in vessel, load and forwards to Buyer Q&Q with B/L, SGS/Saybolt 7. Buyer issues Non Transferable, Non Divisible DLC to replace LOU. 8. Buyer Vessel sails to destination to discharge cargo. CIF PROCEDURES 1#:Seller issue SPA with banking details Buyer & Seller sign and seal contract and exchange.Seller provide to buyer CPA (Ship Name, Call Letters, Captain Name and a Copy of the CPA sent for buyer verification as the consignee of the cargo and with Bill of landing details on seller name NOT buyer name.Buyer bank issue DLC to seller bank in 24hrs after buyer bank Confirmation of the CPA then Seller Vessel sails to buyer port.CIF PROCEDURES 2#:Seller issues SPA with full banking coordinatesBuyer & Seller sign and seal contract & Seller bank send 2% PB to Buyer BankBuyer Respond to seller bank with operative TDLC to Seller Bank.Seller nominates vessel: Ship Name, Call Letters, Captain Name and a Copy CPA, B/L for verification as the consignee of the cargo.Seller Vessel sails to buyer port.CIF PROCEDURE 3#.Seller issues draft contract to the buyer.Buyer signs and seals sends back the draft contract to the sellerSeller sends 4 (four) hard copies duly signed & sealed.Seller send POP to buyer bank:Copy of license to export issued by the Government/Ministry of the country of origin, Copy of statement of availability of the product, Copy of the port storage agreement, Certificate of Quality / Quantity by SGS or equivalent, Certificate of origin.Seller send 2%PB to buyer, then Seller respond with RDLC to SellerSeller provide CPA&B/L to buyer. blco / slco, d2 / jp54 / mazut, bg / mtn / sblc SLCO/BLCO/D2/JP54/BG/MTN/SBLC, GOLD DUST & DIAMONDS