FOB Price
Get Latest Price100 / Metric Ton ( Negotiable )
|Minimum Order
Place of Origin:
Nigeria
Price for Minimum Order:
Minimum Order Quantity:
1000000 Metric Ton
Packaging Detail:
BONNY LIGHT CRUDE OIL SPECIFICATION
Delivery Time:
30 days
Supplying Ability:
100 Metric Ton per Day
Payment Type:
T/T
Contact Person Mr. Emeka
37 BOW, LONDON, LONDON
| oil transaction from a
seller that has full legal responsibility and authority to sell crude oil product here in Nigeria. Nigerian Light Crude Oil that shall be lifted from NNPC bulk approved equity agent’s share Off OPEC Record.The seller will be supplying a quantity of about (2,**0,**0) +/- 5% barrels of crude oil monthly, as expected the duration of this contract is for twelve straight months with rolls and extensions. Of course were looking at NNPC export grade specification.This is a more preferable transaction than other sellers which in the past would involve your buyer bringing your vessel to our shores to load crude oil product with very odd terms and procedures, with no authentic proof of programming and confirmation of such transactions which would have shown a lot of illegality involved, The terms of this delivery for an agreement shall be of CIF basis. Any terms not covered by the agreement shall be covered by INCOTERMS ***0 for CIF sales, the seller would also supply the buyer with the entire vessel’s information that will enable him(the buyer) confirm after programming for loading in a timely manner by keeping contact with the vessel and knowing its exact ETA. Then getting to the issue of pricing the price shall be calculated on the three (3) days average mean quotation, one day before the date of discharging, the day of discharging, and the day after day of discharging. The Discount shall be Gross US$8.*0 below Brent US$6.*0 net to Buyer, Commission of US$1.*0 per Barrel to be Paid to the buyer and seller’s agents accordingly. Please take note the price is negotiable to a point. For payment course the bank instrument is only meant to be used as collateral for the shipment that is to be made, each shipment invoiced will have to be paid upon each delivery The seller would prefer Irrevocable, Non-transferable, confirmed, non-operative pre advice letter of credit, the seller on his own part will put in a 2% Performance Bond which will be in the form of a SBLC from a Top *5 World Banks. No expenses whatsoever will be made before or during the transaction this is a straight line business transaction, your buyer has the option of chattering his own vessel for the transaction or the seller will do so on his behalf.Once your buyer is ready to deal, a sales purchase agreement will be prepared in both the buyer and sellers names with full procedures and terms of the transaction fully stated with proof of product and cargo information all present in the agreement. Once the sales purchase agreement is fully signed and sealed it will take at most *5 days for preparations and programming to be completed. The agreement will contain a non circumvention non disclosure confidentiality agreement and an irrevocable master fee protection agreement. If there’s anything else you would like to know that’s important to this transaction please don’t hesitate to let me know ASAP, anything else would probably be in the agreement, below are the crude oil specifications just in case you need to clarify. |
