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Crude Oil

  • USA USA  
  • Last Updated:
    Posted on: 29 Mar 2024

  • Buying Frequency: Daily
  • Payment Terms: Other
Buyer Information

RFQ Details

Good day!



I hope to find seller who can accept below terms and procedure:

BLCO:



Term:CIF China



Quantity: first trail: 2MBBLS, then,can develop to 10MBBLS Per month if the seller has this capacity.





Price: USD8/6,USD6 to end buyer.commission USD2 to seller's intermidiaries.USD2 to buyer's intermidiaries.



Procedure:



(1). Seller send SPA with ATS. Buyer countersigns this Contract and returns with their receiving facility details to enable seller`s loaded captain to establish communication as both parties� lodges in their respective banks, the signed contract which are binding, enforceable and cannot be changed. Seller confirms a Fiduciary Agent (FA) for receipt of payments on behalf of NNPC. Necessary or relevant third Party�s Documents, including Funds Confirmation Letter issued via SWIFT MT199, are allowed in all communications and transaction.



(2) Seller instructs the Captain of the vessel(s) through the local handler to issue Notice of Readiness (NOR) and Sailing Advise to the buyer.



(3) Upon receipt and confirmation of the NOR/Sailing Advise from the Captain(s), the Buyer's bank issue MT199 Free Message to the seller's nominated bank account, according to the attached verbiage.



(4) Seller provides ALL shipping documents in favor of buyer banker the vessel and provide provision to the crew to enable immediate sailing to the buyer safe port within 45 days.



(5) Buyer conducts Q&Q at port of discharge with CIQ or SGS and advises such report copy to the seller.



(6) Buyer makes payment for such product based on agreed price within 3-5 working days by MT 103/TT.



(7) Next delivery as per agreement.


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