Please find below the procedure to work with and instead of the RWA, the Bank will swift our proforma invoice immediately we get an email from you that you are ready to start. the Proforma invoice will state the readiness to issue up to 3% PB on the receipt of your DLC.

Attached is a sample Proforma Invoice. Our Price is USD$70/Barrel less 5 and it is Fixed. The Verbiage of the DLC is also attached

The procedure applies to both CIF and TTO


Please Note: Please be Informed that Henceforth, All Transactions and Instruments will be activated with a 3% Cash Backed Performance Bond from The Seller....All Documentary Letters of Credit (DLC) will be for a Minimum of 180 days. While All Standby Letter of Credit (SBLC) and Bank Guarantees (BG) will be for a Minimum of One Year and One Day...Quantities will be from 50,000 MT to 2Million Barrels...

Regards.

WORKABLE PROCEDURE: PLEASE NOTE THAT THE DLC (DOCUMENTARY LETTER OF CREDIT) COVERS ONLY OPERATIONS AND LOGISTICS: THE VALUE IS USD$20M MAXIMUM

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

II). After Signing SPA, Seller will send Swift Proforma Invoice of Cost of Operation and Logistics through Seller's Bank. Buyer's Bank respond with Swift DLC for Operations and Logistics only (Proforma Invoice Reference Number will be the reference of operation).

III). Upon the receipt of the Swift Operative DLC, Seller's Financing Bank will Issue 2% Performance Bond within 5 Banking days. The DLC must be 180 days.

IV). Seller secures VLCC, Programs Vessel for Official Window Temporary Loading (OWTL). Loading will be completed in about 60 days and Vessel is move to Nigerian or West African Coast for Preliminary Q & Q by Seller and independent inspectors and and an SGS report sent by swift to Buyer’s Bank.

V). Within Sixty (60) days of IV above, Seller furnishes CPA & Q88 and the relevant documents to Buyer and/or Buyer’s bank. Buyer will Swift an Irrevocable Bank Payment Undertaking (IBPU) for entire cargo, upon the receipt and confirmation of all documentation relating to loading and the SGS report.

V). After Seller’s Bank Confirms Swift IBPU, Vessel will depart for destination port. On arrival, an independent Inspection, and Q & Q is conducted. Upon certification of all documents, Vessel will be program for cargo discharge. Buyer must make payment by MT103 Wire Transfer to Seller’s Bank Account payable at its counter for this transaction and to beneficiaries named in Master Fee Protection Agreement in the contract for fees. Payment must start before discharge or within 72 hours after.

VI). Payments are made by Swift Wire Transfer directly to the Seller’s bank accounts and commission agents as stipulated in the IMFPA in this contract within three (5) 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.

VII). The signatures on this contract by the Buyer and by Seller means both accept all the content as for Quantity, Discount and Procedures.
BUYERS SIDE OPEN
PLEASE CONTACT ME ON 08061277967 FOR MORE DETAILS SEND AN EMAIL TO akpogbenzs@gmail.com

Interested buyers who can follow this procedure can contact me asap.