NNPC/SELLER'S NOMINATED SBLC/MT760 (CIF) TRANSACTION AVAILABLE FOR THE PURCHASE OF 2-10, MBBLS OF BLCO IN CHINA, ROTTERDAM, USA & ETC

 *NNPC/SELLER'S NOMINATED SBLC/MT760 (CIF) TRANSACTION AVAILABLE FOR THE PURCHASE OF 2-10, MBBLS OF BLCO IN CHINA, ROTTERDAM, USA & ETC..* 

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DESTINATION- TO ANY SAFE PORT OF DISCHARGE OR Q/Q.

PRODUCT- BLCO

ORIGIN- NIGERIA.

TERMS- CIF.

PRICE DISCOUNT- $12 LESS 4

QUANTITY- 2-10, MBBLS PER MONTHLY SHIPMENTS/DELIVERY.

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*KINDLY TAKE NOTE*

We are not into any third party transactions. We are NNPC direct Allottee/Supplier of Nigeria Bonny Light Crude Oil (NBLCO) both on FOB/TTT/TTO and on CIF delivery basis

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*TRANSACTION SUMMARY*

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After the receipt and successful confirmation of the buyer's financial Instrument via swift SBLC/MT760, we shall nominate a loaded vessel or assign any loaded vessel or already on voyage to the buyer's port of discharge or Q/Q and send complete scanned loading documents in favour of the buyer name as the concernee through NNPC Terminal offical email domain to the buyer's email for confirmation and authorize the loaded vessel to issue NOR/ETA and set sail to the buyer's port.

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*NOMINATIONS, SHIPMENT & PROCEDURES COST INSURANCE AND FREIGHT (CIF)

NON-NEGOTIABLE CIF PROCEDURES FOR SBLC/MT760 TO ANY SAFE PORT OF DISCHARGE*

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1). SELLER SENDS SIGNED CONTRACT/SPA TO BUYER.

2). BUYER SIGNED SELLER CONTRACT AGREEMENT SEALED WITH FULL BANKING COORDINATES OF BOTH PARTIES AND THEIR AGENTS, INCLUDING THE BANKING ACCOUNTS COORDINATES/ DETAILS TO ISSUE STANDBY LETTER OF CREDIT (SBLC) BY SWIFT 

3). BUYER RETURNS DULY SIGNED CONTRACT/SPA ATTACHED WITH THE FOLLOWING INFORMATION AS STATED BELOW:

*(A) CUSTOMER INFORMATION SHEET (CIS) AND BUYER’S PASSPORT DATA PAGE*

*(B) CERTIFICATE OF INCORPORATION*

*(C) NOR/ETA AND MATB FORMAT.* 

*(D) INSPECTION COMPANY VALID PASSPORT DETAILS.* 

4). SELLER RELEASE NNPC FIDUCIARY NOMINATED BANK ACCOUNT DETAILS/ VERBIAGE TO BUYER FOR THE ISSUEANCE OF STANDBY LETTER OF CREDIT (SBLC).

5). BUYER’S BANK WITHIN 48HOURS ISSUES PRE-ADVICE BY SWIFT MT799, CONFIRMING BUYER'S WILLING AND READINESS TO SWIFT STANDBY LETTER OF CREDIT (SBLC) TO SELLER FIDUCIARY NOMINATED BANK AND SELLER’S FIDUCIARY BANK RESPOND BY SWIFT CONFIRMIMG READINESS TO RECEIVE INSTRUMENT.

6). SELLER CONFIRMS TO BUYER THE RECEIPT OF THE ABOVE-MENTIONED DOCUMENTS AND LODGED THE SIGNED CONTRACT AGREEMENT WITH THE BANKS OF THE RESPECTIVE PARTIES.

7). SELLER INSTRUCTS BUYER TO ASK HIS BANK TO PROCEED WITH THE ISSUANCE OF BANK STANDBY LETTER OF CREDIT (SBLC) BY SWIFT TO THE SELLER'S FIDUCIARY NOMINATED ACCOUNT.

8). BUYER'S BANK ISSUES STANDBY LETTER OF CREDIT (SBLC) BY SWIFT TO SELLER'S/NNPC FIDUCIARY NOMINATED BANK AND UPON THE RECEIPT AND SUCCESSFUL CONFIRMATION, SELLER/NNPC ISSUES A CONFIRMATION LETTER TO BUYER. 

9). SELLER/NNPC TERMINAL NOMINATE A VESSEL LOADED IN BUYER NAME OR ASSIGN ANY LOADED VESSEL ALREADY ON VOYAGE TO THE BUYER'S PORT AND SENDS COMPLETE VALID SCANNED LOADED VESSEL DOCUMENTS THROUGH NNPC TERMINAL OFFICIAL EMAIL DOMAIN TO THE BUYER FOR CONFIRMATION AND THE BUYER ACKNOWLEDGED THE RECEIPT OF LOADED VESSEL DOCUMENTS. 

10). SELLER/NNPC ISSUE MARINE NOR/ETA FROM THE LOADED VESSEL CAPTAIN EMAIL DOMAIN ATTACHED WITH TITLE OF WARRANTY, CERTIFICATE OF OWNERSHIP IN BUYERS NAME AND ANY OTHER RELATED DOCUMENTS FOR SMOOTH OPERATIONS TO THE BUYER.

11). SELLER/NNPC SET THE LOADED VESSEL SAILS TO THE BUYER'S PORT OF DISCHARGE OR Q/Q AND ON ARRIVAL AT THE BUYER’S PORT, SELLER/NNPC INSTRUCT THE LOADED VESSEL CAPTAIN TO MAKE ANNOUNCEMENT IN FAVOUR OF THE BUYER/HARBOR MASTER AND ISSUES MARINE AUTHORITY TO BOARD (MATB) TO THE BUYERS INSPECTION TEAM.

12) BUYER'S SUPERCARGO/ INSPECTION TEAM BOARD SELLER/NNPC LOADED VESSEL AT BUYERS EXPENSE TO CONDUCT QUANTITY AND QUALITY (Q/Q).

13. WITHIN 48HOURS OF SUCCESSFUL INSPECTION, THE BUYER'S INSPECTORS SENDS Q/Q INSPECTION REPORT TO BUYER AND SELLER/NNPC AND SELLER SEND COMMERCIAL INVOICE TO BUYER AND THE BUYER’S BANK SWIFT TOTAL CARGO BY MT103 TO SELLER/NNPC NOMINATED BANK ACCOUNT.

14), BUYER MAKES PAYMENT FOR THE FULL CARGO OR PRODUCT TO SELLER/NNPC NOMINATED BANK ACCOUNT AND TO ALL COMMISSIONS ARE SIMULTANEOUSLY PAID IMMEDIATELY IN EXCHANGE OF ALL ORIGINAL CARGO AND TITLE DOCUMENTS.

15). SELLER/NNPC SENDS ALL ORIGINAL CARGO AND TITLE DOCUMENTS TO BUYER IN EXCHANGE FOR MT103 PAYMENTS

16). SELLER/NNPC ALLOW THE LOADED VESSEL TO DISCHARGE PRODUCT INTO THE BUYER’S STORAGE FACILITY.