Product Description

We have direct Spa from NNPC to supply bonny light crude oil of ******0 barrels by *0 months. interested buyers should contact. we deal with serious buyers not time wasters.

PROCEDURE

1. Seller and Buyer countersign the SPA contract. SPA documents are lodged in their respective banks which are binding, enforceable and cannot be changed. Necessary or relevant third Party Documents are allowed in all communications.
2. Buyer opens the Non-operative, Non-transferrable, Confirmable and Revolving SBLC or BG to Seller’s Bank via MT**9/MT **0, within *0 (Ten) international banking days after the date of signing SPA.
3. Seller opens the 2%RevolvingPerformance Bond within 7 (seven) international banking days after receiving the SWIFT MT **0 (SBLC or BG) to activate the L/C.
4. After receiving the MT **0, Seller nominates a vessel and pays for the charter, then she signs charter party agreement (CPA).
5. Seller positions vessel and loads with cargo within 7 working days after the day of receiving the L/C.
6. Master of vessel shall send E.T.A. to Buyer’s discharge port.
7. Payment by Buyer for the crude oil and all commission to be effected by TT for the value of crude oil indicated in the Seller’s correct invoice. All Payments shall be made within THREE international banking days after completion of discharge at the Buyer’s Discharge Port and final Q&Q of turn- out barrels confirmed by SGS or equal.