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Blco - USA

price: contact company for price

Hello Sir/ Madam:

We are genuine sellers of BLCO and Our procedures are very favorable to the BUYER. As such, they are non-negotiable

The Procedures:

The Bonny Light Crude Oil can be purchased by TTO, CIF, or FOB Procedure.

TTO Procedure for BLCO:

1. Seller and Buyer sign the contract with full banking details and each party submits a copy to his/their Bank. Electronic copies shall be binding and enforceable.

2. Buyer provides ATB format [Supercargo / Inspector information (name, passport number, telephone number, email addresses). Seller instructs his Captain to issue a Authority to Board (ATB) to Buyer’s Inspectors and Supercargo to board on Nigerian waters.

3. Buyer provides N10 million Certified Bank Check from a prime Nigerian Bank in favor of UNISOLAR LIMITED, for chopper / Security clearance to board the Inspector and Supercargo and bring Inspector back to land.

4. Buyer’s Inspector(s) conduct Q&Q and report to both buyer and seller. Supercargo remains on board. Ten million Naira draft is cashed once inspectors come down with samples.

5. Within 24 hours of release of Q&Q report, Buyer’s bank issues a DLC or MT103/23 covering total cost of cargo and commissions.(Verbiage Annexed)

6. Seller links Buyer to the Handler of vessel for successful take-over. After successful take-over, Seller releases to buyer bank copies of the full particulars / cargo documents re-issued in Buyer’s name.

7. Within 24 hours of the release of copies of product documents in Buyer’s name, Buyer’s bank then releases payments by SWIFT / KTT to Seller’s bank for the full value of entire cargo and commissions to the bank accounts of all agents / intermediaries’ Paymaster’s nominated bank accounts.

8. Seller, within 24 hours, confirms payment and releases original documents to the Buyer/Buyer’s Captain.

9. Vessel sails to Buyer’s destination port..

CIF Procedure for BLCO:

I. Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable.

II. Buyer confirms the POP (BULK ALLOCATION DETAILS) as shown on the first page of the contract and returns the signed contract with PROOF OF FUNDS (POF). The format for the POF is shown below transmitted by swift MT-799. (see SPA)

III. Seller, upon receipt of POF from Buyers bank, within (3) banking days issues PROVISIONAL LIFTING RIGHT. The Lifting Right will include the Quantity to be lifted, the cargo Authority Number, Stem number, Window Number (ETA), Name of Nominated Vessel, IMO no. of Nominated vessel for one way voyage charter to Buyers port of destination

IV. Buyer upon receipt and confirmation of Para III within three (3) banking days, issues confirmed, irrevocable, Non-transferable and Operative Letter of Credit for two million barrels, in favour of Seller and validity to cover 25 – 45 banking days. The LC must come from top US/European Bank. (SEE LC FORMAT Inside SPA)

V. Within seven (7) banking days of III above, Seller furnishes CPA & Q88 and the following documents to Buyer and/or Buyer’s bank:

*1 Clean – on – board ocean Bills of Lading

*2 Certificate of quantity (SGS or equivalent)

*3 Certificate of Analysis (optional)

*4 Certificate of Origin

*5 Certificate of Quantities

*6 Seller’s commercial invoice

*7 Vessel ullage report {optional}

*8 Receipt of samples (optional)

*9 Cargo Manifest

VI. After the vessel has discharged its cargo at Buyer’s designated port outlined above and Buyer has received the Discharge Report as shall be confirmed by the captain of the vessel, including all relevant documents presented by the Seller after the time of cargo delivery as required by the LC, Buyer must make payment by KTT Wire Transfer to Seller’s Bank Account payable at it’s counter for this transaction and to beneficiaries named in Master Fee Protection Agreement in the contract for fees.

VII. Payments are made by Swift Wire Transfer directly to the Seller’s bank accounts and commission agents as stipulated in the MFPA in this contract within three (3) international banking days after product delivery and discharge at Buyer’s nominated port of discharge against presentation of stated shipping documents (non-negotiable copies) at Buyer’s bank.

VIII. The signatures on this contract by the Buyer and by Seller means both accept all the content as for Quantity, Discount and Procedures.

FOB Procedure for BLCO:

FOB Procedure

I. Buyer and Seller sign and seal Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable.

II. Buyer confirms the POP (BULK ALLOCATION DETAILS) as shown on the first page of the contract and returns the signed contract with PROOF OF FUNDS (POF). The format for the POF is shown below transmitted by swift MT-799.

III Seller, upon receipt of POF from Buyers bank, within (3) banking days issues PROVISIONAL LIFTING RIGHT, Stem and Window/ETA (Estimated Time Of Arrival) for buyers vessel to arrive the terminal for loading.

IV. Buyer upon receipt and confirmation of Para 3 within three (3) banking days, issues confirmed, irrevocable, transferable and operative Letter of Credit for two million barrels in favour of Seller, with validity to cover 25 banking days. The LC must come from top US/European Bank. (SEE LC FORMAT Inside SPA). Buyer also supply CPA & Q88 of vessel to be loaded.

V. Seller, upon confirmation of the Operative letter of Credit; CPA & Q88 of buyers vessel, confirms the vessel through the vessel owners and Lloyds offices in London, issues a Notice of Readiness (NOR)/ calls buyers vessel into the terminal, and loads the vessel with product. Inspectors carry out quality and quantity inspection before and after the loading, and endorsed by the vessel master.

VI. Buyer pays for the crude oil and pays all commissions as stipulated on the MFPA on this contract agreement.

a- Payments are made by swift wire transfer directly to the seller official bank account through seller’s bank account within 2 (two) days after successful loading of the vessel with product, inspection report and presentation of the following shipping documents (not negotiable copies).

*1 Clean – on – board ocean Bills of Lading

*2 Certificate of quantity (SGS or equivalent)

*3 Certificate of Analysis

*4 Certificate of Origin

*5 Certificate of Quantities

*6 Seller’s commercial invoice

*7 Vessel ullage report

*8 Receipt of samples

*9 Cargo Manifest

VII. After loading product into Buyers vessel and buyer has received the Port loading Q & Q report from SGS inspectors, including all relevant documents (not negotiable copies) presented by seller after time of cargo delivery as required by the LC, buyer must make payment by KTT wire transfer to sellers bank account for this transaction and to beneficiaries named in the Master Fee Protection Agreement in the contract for fees.

VIII. The signatures on this contract by the Buyer and by Seller means both accept all the content as for Quantity, Discount and Procedures.

IX. A letter of intent to purchase (LOI) is required to commence this procedure. The addressee for the Letter of Intent (LOI) will be supplied upon request.

If your refinery can use the BLCO and would like to buy, feel free to contact us requesting our SPA and advising us which procedure you would like to use ( TTO, CIF or FOB). We will respond within 24 hours with the full contract from the NNPC (If TTO or CIF procedures). If FOB an LOI will be needed. The name of the addressee of the LOI will be given upon request.

The price to be paid shall be based on the loaded quantity of Crude Oil for each shipment based on standard barrels and under “Dated Brent” as in the Platt’s Oil gram Report. The applicable currency in respect of payment for the Cargo shall be United States Dollar (USD). The price shall be calculated on the three (3) days average mean quotation, one day before the date of loading, the day of loading, and the day after day of loading.

The Discount to the Buyer shall be US Dollars Ten ($10.00USD) per barrel gross. Net US Dollars Six ($6.00USD) to Buyer below Dated Brent and US Dollars (USD 2.00), each to Seller’s Agent/facilitators and Buyer’s Agent /facilitators i.e a total of $4.00 commission

We look forward to doing business with you.

Regards,

Mr. Vincent Scott – Director/CEO

VINCENT SCOTT ENTERPRISES

Blco

For any questions and needs please contact us below


Company Contact:


  • Phone: 8503203105

  • Address: 303 W. Brevard Street, Tallahassee, FL, USA

  • Email: Email


Published date: September 7, 2012 -

  • Business Description: involved in international trade import export of goods, products, and services

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