CIF

PRICE IS
$9 Gross
$6 Net Discount
$3 Commission on $1.50/$1.50 basis

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Buyer issues an LOI to seller, enclosing the name of his transaction bank. Seller confirms and Issues SPA.
Seller & Buyer sign and seal SPA containing both BUYER'S & SELLER'S NOMINATED BANKING DETAILS. Both parties lodge the fully executed SPA with their respective
banks.

2. Seller sends to buyer his current NNPC Mandate Letter, that shows his express rights to lift/sell/export on behalf of NNPC. Seller also sends his NNPC Fiduciary Authorization, that confers on him the right to receive financial instruments on behalf of NNPC. Seller also sends past performance documents of vessels he has loaded in 2016 and before.

3. Buyer confirms documents and immediately buyer's prime world bank issues to seller's bank(CITI BANK NEW YORK) on behalf of seller via authenticated telex SWIFT an MT799 Pre-advice (RWA) on seller's verbiage. Buyer sends a copy of the instrument to seller for follow up with his bank.

4. Seller/Seller's bank confirms buyer's RWA and immediately seller nominates a vessel and loads it in buyer's name whereby all the loading documents including ATS will show buyer's name as principal consignee of cargo. Seller sends such covering documents to buyer/buyer's bank.

6. Buyer confirms documents and issues to Seller and MT760 OR MT799 Blocked Funds for the entire cargo. Seller confirms instrument and instructs vessel master to issue a Marine Telex NOR/ETA to buyer's exit refinery/discharge port/harbor master/inspection company. Vessel master immediately set sail to the agreed location upon buyer's receipt and confirmation of the NOR/ETA.

8. Upon arrival, Captain of the loaded vessel announces her presence to the Port/ Naval authority of the Take-Over/Q&Q port, even as theBuyer's Shipping Agent clears in the vessel to come close to between 15-25 Nautical miles off the coast of the country and issues Marine ATB to Buyer's Inspectors to come onboard for Q&Q inspection immediately. Q&Q is done at Buyer's expense and the report is released to both parties within 48hours.

9. Seller's bank Send Final invoice for payment with respect to Q&Q Inspection report, immediately Buyer's Bank issues SWIFT MT103/23 to seller's bank covering the total cost of cargo and agent's commission.
Seller's confirms and issues to buyer/buyer's bank original hard copies of the cargo documents in buyer's name. MT103 become cash.

10. Vessel either discharges into buyer's storage OR buyer takes over vessel with the help of seller. Vessel sails to Buyer's preferred Destination port.
11. End of transaction. Another roll-over starts.







CIF
PRICE IS
$9 Gross
$6 Net Discount
$3 Commission on $1.50/$1.50 basis

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Buyer issues an official letter to seller confirming his acceptance of this procedure and price structure and requests for the contract and verbiage of the instrument.
Seller & Buyer sign and seal Sales/Purchase Contract Agreement
(SPA) containing both BUYER'S & SELLER’S NOMINATED BANKING DETAILS and the numerical information of seller's allocation that buyer will be serviced from. Also Signed SPA must come along with buyer's port of discharge port details/harbor master. Both parties lodge the fully executed SPA with their respective Banks.

2. Seller sends his current mandate letter to buyer, showing his express rights to lift/sell/export crude oil on behalf of NNPC. Seller can also send his past performance documents as proof of capability.

3. Buyer confirms, and buyer's bank replies by SWIFT and issues to seller’s bank on behalf of seller via authenticated telex SWIFT an operative and irrevocable SBLC/MT700 LC for the entire cargo. Buyer sends a copy of the instrument to seller for follow up with his bank.
The verbiage of the SBLC/MT700 LC will state that upon receipt and confirmation of the buyer's instrument, it is binding upon seller and seller's bank to respond to buyer's SBLC/MT700 LC with 2% of the instrument value as Performance Bond.

4. Seller/Seller's bank confirms buyer's instrument and immediately seller's bank post via SWIFT to buyer's bank 2% of the SBLC value as performance bond, and send the SWIFT telex copy to buyer for confirmation with his bank. Buyer's bank confirms receipt of seller's 2%PB.

5. Seller sends list of available vessels that are charter-able and without any encumbrances to Buyer to choose from. Seller nominates a vessel and Details of Vessel is sent to NNPC Marine Transport Department for Programming of Loading Window & issuance of LAYCAN.

6. Vessel is loaded. Buyer furnishes Seller with details of his independent inspectors at his Take-Over port/point.

7. Seller secures Export Clearance Permit and full Cargo documentation in buyer's name as principal consignee of cargo, Loaded Vessel Captain sends Marine NOR to Buyer/Buyer's inspectors. Loaded vessel sails to Buyer's Take-Over port/point.

8. Upon arrival, Captain of the loaded vessel announces her presence to the Port/ Naval authority of the Take-Over port/point, even as the Buyer's Shipping Agent clears in the vessel to come close to between
15-25 Nautical miles off the coast of the country and issues Marine ATB to Buyer's Inspectors to come onboard for Q&Q inspection immediately. Q&Q is done at Buyer's expense and the report is released to both parties within 48hours. Then Buyer's bank places MT103/23.

9. Seller hands-over original hard copies of cargo documents to Buyer's for confirmation and payment
Against document.
a. Clean - On - Board Ocean Bills of Lading.
b. Certificate of Quantity (SGS or equivalent).
c. Certificate of Analysis (optional).
d. Certificate of Origin.
e. Certificate of Quality.
f. Seller's Commercial Invoice.
g. Vessel Ullage Report (optional).
h. Receipt of Samples (optional).
i. Cargo Manifest.
10. Seller's bank Send Final invoice for payment with respect to Q&Q inspection report, immediately Buyer's Bank swift’s total purchase
Price of the product and the commission within 72 hours as per SPA.

11. Vessel sails to Buyer's preferred Destination port.

12. End of transaction. Another roll-over starts.



TTO West Africa Ghana

PRICE IS
$12 Gross
$8 Net Discount
$4 Commission on $1.50/$1.50 basis

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Buyer issues an LOI to seller, enclosing the name of the his transaction bank. Seller confirms.
Seller & Buyer sign and seal Sales/Purchase Contract Agreement
(SPA) containing both BUYER'S & SELLER'S NOMINATED BANKING DETAILS. Both parties lodge the fully executed SPA with their respective
banks.

2. Seller sends to buyer his current NNPC Mandate Letter, that shows his express rights to lift/sell/export on behalf of NNPC. Seller also sends his NNPC Fiduciary Authorization, that confers on him the right to receive financial instruments on behalf of NNPC. Seller also sends past performance documents of vessels he has loaded in 2016 and before.

3. Buyer confirms documents and immediately buyer's prime world bank issues to seller's bank(CITI BANK NEW YORK) on behalf of seller via authenticated telex SWIFT an MT799 Pre-advice (RWA) on seller's verbiage. Buyer sends a copy of the instrument to seller for follow up with his bank.

4. Seller/Seller's bank confirms buyer's RWA and immediately seller nominates a vessel and loads it in buyer's name whereby all the loading documents including ATS will show buyer's name as principal consignee of cargo. Seller sends such covering documents to buyer/buyer's bank.

6. Buyer confirms documents and issues to Seller an MT799 Blocked Funds for the entire cargo. Seller confirms instrument and instructs vessel master to issue a Marine Telex NOR/ETA to buyer's exit refinery/discharge port/harbor master/inspection company. Vessel master immediately set sail to the agreed NM off Ghana international waters upon buyer's receipt and confirmation of the NOR/ETA.

8. Upon arrival, Captain of the loaded vessel announces her presence to the Port/ Naval authority of the Take-Over/Q&Q port, even as theBuyer's Shipping Agent clears in the vessel to come to agree Nautical Miles (10 to 15) and issues Marine ATB to Buyer's Inspectors to come onboard for Q&Q inspection immediately. Q&Q is done at Buyer's expense and the report is released to both parties within 48hours.


10. Seller's bank Send Final invoice for payment with respect to Q&Q Inspection report, immediately Buyer's Bank issues SWIFT MT103/23 to seller's bank covering the total cost of cargo and agent's commission.
Seller's confirms and issues to buyer/buyer's bank original hard copies of the cargo documents in buyer's name. MT103 become cash.

11. Vessel either discharges into buyer's storage OR buyer takes over vessel with the help of seller. Vessel sails to Buyer's preferred Destination port.
12. End of transaction. Another roll-over starts.


+2348059759721
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