The NNPC does not want to tell anyone that they are selling off-OPEC product. They will never verify any documentation (like ATS) prior to a loaded vessel (which requires a Buyer to block funds).

So, our intention is to honor the NNPC's intent to keep off-OPEC sales hidden.

We may occasionally post some information. But details about what the terminal might be doing, or how they send some product outside Nigerian waters (supposedly without a Buyer), we would prefer to reveal only to Buyers that have stepped up and are in agreement with the Seller's procedure. All Sellers (that are real) must follow terminal rules, NNPC rules and the guidelines that their financiers require in order to finance the transaction.

So, usually when a Buyer offers their own way to make a purchase, we either ignore them or suggest a way that can actually work - one that is in compliance.

For Buyers that qualify we are as transparent as possible. And we may be the only company that attempts to reduce the Buyer's (financial) risk to get access to a loaded vessel - which is then completely verifiable independent from Nigeria.

We have found that a lot of the important details circle around *which Bank the Buyer is using, *where that bank is located and *what the Port of Destination is.

Knowing that information can really help us to craft a procedure that reduces the Buyer's risk.

~Eastern Union Energy®
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