We have this request for Sellers Only that is ready to do the totality of this Buyer;s procedure without any amendment.He would have to take me and my colleague to seller's side because they want the Buyer's side totally open.Any interested Sellers should reach us on peacesoftventures@yahoo,com soonest before others. Thanks.


Subject: blco cif china proceudres



1. Seller signs and seals the contract and dispatches to the Buyer in form of email, Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail.



2. Within Three banking days after signing of Agreement between Buyer and seller. Buyer’s bank contact seller’s fiduciary bank via Swift MT799 in accordance with the verbiage as attached confirming funds availiability for the transaction. (N/B: BUYER can chose from either of the two verbiages attached in Appendix)



3. Seller therefore nominates vessel, Obtain Laycan, and program the vessel with the NNPC loading terminal in the Name of the buyer/Seller. Vessel is loaded as per Laycan and Seller releases the Following Documents as POP. (Proof of product)



a.) Bill of Lading

b.) Certificate of Quantity and Quality from SGS & NNPC.

c.) Master’s receipt for samples

d.) Cargo Manifest

e.) Tanker Ullage Report

f.) Tanker Time Sheet

g.) Customs clearance certificate

h.) Charter Part Agreement for Nominating Vessel

i.) Q88 of Chartered Vessel.



4. Buyer confirms the documents and issue acceptance letter to seller. Upon receipt of buyer's acceptance letter.



5. Buyer release ATB details and seller’s loaded vessel master/captain issues marine ATB to enable buyer inspectors and supercargo to conduct Quality & Quantity inspection and confirm product on board seller’s loaded vessel.



6. Upon confirmation of product by buyer’s inspectors, Buyer’s bank issue by swift MT- 760 fully funded Standby Letter of Credit (SBLC or BG) to seller’s Fiduciary bnak in favor of seller.



7. Seller re-assigns all cargo documents to buyer’s name and release soft copies to buyer.



8. Seller issues a letter to vessel owners, clearly indicating that the buyer requires a re-charter of the loaded vessel, such letter will confirm seller’s agreement to this action and as such, will provide for immediate discussions between buyer and vessel owners; but if vessel is NNPC vessel, then buyer has to go for voyage charter on the vessel via NNPC local agent.



9. Upon a successful Q and Q inspection, including dip test by SGS, buyer pays for entire product by wire transfer/swift mt-103 into the accounts of the seller and the agents simultaneously, in no more than 3 (three) banking days after the cargo is discharged into the buyer’s tank, based on out-turned barrel, transfer of ownership and the presentation of relevant shipping documents at the counter of the buyer’s bank.



10. Buyer , upon satisfaction of the fisrt shippment shall release Irrivocable, Revolving Letter of Credit to the seller for the remaining Ten (10) Million barrel.



11. Upon confirmation of full Payment for the entire cargo and commissions agents & facilitators, vessel sails to its destination