BONNY LIGHT CRUDE OIL PRODUCTS BLCO GHANA WATERS
BLCO TTO OFFER $12/4 ARTICLE 3: PROCEDURE FOR TTO GHANA WATERS (CHANGES WILL VOID SPA) 3.1. Seller and Buyer sign Sales Purchase Agreement (SPA) exchanged same electronically via email then, lodge same in their respective Banks. Electronic copy is legally binding on both parties. Upon receipt of signed spa, Seller will issue BEC/SBLC/BG/BF Account. 3.2. Buyer returns signed SPA with complete CIS, ATB/NOR/ETA/HARBOUR MASTER'S format, scanned copies of passport copy of both NNPC Supercargo and Inspector's details and BANK ENDORSE CHEQUE N500M / SBLC / BG/ BF $1M with bank letter reserved for 90 days. 3.3. After successful confirmation of BEC/SBLC/BG/BF, the Seller moves a vessel with 2m barrels of BLCO to 10-12 NM of Ghana waters. 3.4. On arrival, Seller instructs Captain of loaded vessel to make announcement in Buyer’s name while Buyer’s shipping agent clears vessel into boardable location at buyer’s expense. 3.5. Captain of loaded vessel, issues marine ATB ...