Buyers needed urgently for blco (fob/tto/ttt)

BUYERS NEEDED URGENTLY FOR BLCO (FOB/TTO/TTT)
2 million barrels monthly
1 year contract

PROCEDURE

a.Seller shall give confirmable copies of the cargo(s) document to the Buyer for confirmation.


b.Buyer shall verify the cargo(s) with documents, which can be verified through NNPC/Royal Dutch Shell Group Offices

c.After verification of the cargo(s), Buyer gives to the Seller the LETTER OF ACCEPTANCE with the buyer company’s letter head paper.


d.Seller shall issue Sales & Purchase Agreement with Seller's Full Banking Coordinates and with full Proof of Product (POP), which can be verified through NNPC/Royal Dutch Shell Group Offices. (Such confirmation may not be in the name of the Buyer.)

e.Buyer and Seller execute, and seal, this Agreement, and exchange a facsimile (EDT) copy by FAX or electronic mail. The electronically transmitted copy, signed by both Parties shall be considered legally binding and enforceable until hard-copy instruments are executed and exchanged

f.Within four (4) Banking days from receipt of Buyer’s Bank Instrument by the Seller, the Crude Oil shall be re-assigned, and Cargo officially programmed in Buyer’s name to reflect on Shell Network Screen for Buyer confirmation as the consignee of the Crude Oil.

g.Vessel shall proceed to the Buyer delivery safe port and all relevant shipment documents shall be endorsed by the Vessel captain, with a copy forwarded to Buyer.

h.The Seller delivers Crude Oil to the Discharge port and unloads the Vessel; full shipping documents are collected and delivered to Buyer via Buyer’s bank to effect payment.

i.Payments are made by Swift wire transfer directly to the Seller’s nominated bank account, within three (3-5) working days after delivery of Crude Oil at Buyer’s Discharge Port against presentation of stated shipping documents to Buyer’s bank.