Prices For Bonny Light Crude Oil

Buy offer Details

Hello,
We need 5Mbr BLCO

Buyer procedure

STANDARD PROCEDURES FOR 2MILLION BARRELS SHIPMENT OF BLCO TTO TO TOGO WATER

1. SELLER PROVIDES CONTRACT SPA TO BE SIGNED & SEALED BY BOTH BUYER & SELLER.

2. BOTH LODGE A COPY WITH RESPECTIVE BANKS AFTER BUYER RETURNED SIGNED/SEALED SPA WITH COPIES OF NOR, ATB FORMAT AND INSPECTOR/SUPER CARGO’S DETAILS & PASSPORTS.

3. BUYER/SELLER MEET TOGETHER IN LOME AND BUYER RELEASE THE SUM OF $50,000 CASH OR BY TRANSFER TO SELLER’S NOMINATED ACCOUNT.

4. WITHIN 72HRS SELLER INSTRUCTS THE VESSEL CAPTAIN TO ISSUE ATB/CLEARANCE AND POSITION FOR Q & Q ANALYSIS.

5. BUYER PROVIDES INSPECTOR & SUPERCARGO WITHIN 24HOURS AFTER RECEIPT OF ATB AND HIS SUPERCARGO/ INSPECTOR ARE BOARDED.

6. UPON CONFIRMATION OF PRODUCT WITH ATTESTATION JOINTLY SIGNED BY CAPTAIN/SUPERCARGO AND INSPECTOR DISEMBARK WITH SAMPLES, BUYER IMMEDIATELY RELEASE THE SUM OF $1,000,000 AS LOGISTICS/DOCUMENTATION LESS $50,000.

7. SELLER INTRODUCE BUYER TO VESSEL HANDLER FOR RECHARTERING AND RELEASE SOFT CARGO DOCUMENTS IN BUYER’S NAME.

8. BUYER INSPECTION CREW CONDUCTS Q & Q AND PROVIDES BUYER & SELLER EACH WITH A COPY OF THE Q&Q REPORT, BUYER’S BANK PLACE MT103 FOR THE ENTIRE CARGO 48-72HRS.

9. SELLER HAND-OVER HARD COPIES OF THE CARGO/SHIPPING DOCUMENTS INCLUDING WARRANTY OF TITLE (WOT)/ATS TO BUYER IN HIS NAME AND BUYER RELEASES FULL PAYMENT BY SWIFT WIRE TRANSFER WITHIN 24HRS LESS LOGISTICS PAID.

10. VESSEL SAIL TO BUYER’S PORT OF DELIVERY.