NOMINATIONS SHIPMENT &BANKING
 PROCEDURES
14.1.Seller issues draft contract, signed and sealed to the buyer.
14.2 Buyer sign, seal and return to Seller, with SPA lodged to Buyer's
Bank. Seller lodges the
same with his Bank. The electronically signed and sealed contract is
legally binding and
enforceable.
14.3. Seller’s Bank SWIFTS, WITH FULL BANK RESPONSIBILITY IN MT799 RWA
FORMAT, stating
seller’s Bank is in possession of documents as per clause 16.1 and Ready,
willing and able to
start the procedures of the SPA, over to Buyer's bank. Buyer’s Bank SWIFTS
to seller’s bank a
ready willing and Able (MT799 RWA) stating that buyer’s Bank has the ready
finances/funds for
the transaction.
14.4 Within three banking days of receipt of Buyer’s Bank RWA, Seller’s
Bank shall send to the
Buyer’s bank (in bank to bank system) a non-operative Performance Bond
covering 2% of the
invoice value and verifiable POP documents.
14.5 Buyer's Bank within 3 (Three) banking days after receipt of PB and POP
Documents
issues operative Non-transferable Documentary Letter of Credit (DLC) to
Seller's Bank in favour
of Seller which activates Seller’s Performance Bond automatically.
14.6 The Seller within 5 (five) banking days confirms acceptance of Buyer’s
DLC nominates a
vessel and notify the Buyer for acceptance.
14.7 Within 3 (three) banking days of the vessel’s acceptance by the Buyer,
the Seller provides
the electronic copies of the ASPATANKVOY Charter party agreement, available
shipping
documents and information on the loaded Cargo vessel for the buyer’s
independent check as to
the form of issue.
14.8 Upon confirmation of shipping documents’ approval by the Buyer as
issued in correct way
by the Seller, the loaded ship sets off sailing to Buyer's Destination.
14.9 Upon Vessel arrival at Destination, the Cargo shall be inspected by
the Buyer's designated
inspectors for Q & Q and product verification before the Cargo shall be
discharged.
14.10 Upon Verification and confirmation of the product after full
discharge, the Buyer’s bank
shall settle payment with the Seller by Swift against the shipping
documentation as per
contract.
 ------------------------------
*Page 2*
*Proof of product*
The Proof of Product (POP) should consist of the following documents issued
in Original or
copies certified by the ICC recognized notary:
16.1.1. POP allocation document issued or assigned, sealed and signed by
NNPC showing Seller
as beneficiary, valid for the actual period of time
16.1.2. Export License issued, sealed and signed showing Seller as
beneficiary valid for the
actual period of time
16.1.3. Export Permit issued or assigned, showing Seller as beneficiary,
valid for the actual
period of time and showing the product particulars.
16.1.4. Seller’s Company Act of Incorporation
16.1.5. Loading Terminal confirmation on readiness to receive and load the
product
16.1.6. Pro-forma of the Commercial Invoice based on the calculated price
and quantity
10. PRICE*
 The Discount to the Buyer shall be Gross USD $10.00 (Ten US Dollars) and
Net USD 6.00 (Six US
Dollars) per barrel below DTD Brent net per each barrel to the Buyer on CIF
terms
The commission in value of USD 4.00 (Four US Dollars) per US Barrel is
divided between Seller’s
side and Buyer’s side as follows:
Seller’s side receives USD 2. 00 (Two US Dollars) per US Barrel
Buyer’s side receives USD 2. 00 (Tw0 US Dollars) per US Barrel
Buyer is responsible to pay commissions to the Buyer’s and Seller’s side
intermediaries against
a separate MFPA

If you have a solution to this
My contact is grandyklace@gmail.com

URGENT RESPONSE!!!. The story behind this procedure is that someone sent it to me through a seller
I sent the procedure to the buyer within 24hrs an urgent response came demanding for it.
Not just one buyer. Now on getting to the sellers who gave the procedures they denied ever issuing the procedures.We now on the other hand look like fools. Now who will adopt this procedure. URGENT RESPONSE and SOLUTION NEEDED!!!

@malvino

NOMINATIONS SHIPMENT &BANKING
 PROCEDURES
14.1.Seller issues draft contract, signed and sealed to the buyer.
14.2 Buyer sign, seal and return to Seller, with SPA lodged to Buyer's
Bank.

Last time i checked, signed SPA is supposed to be lodged in the seller's bank FIRST!

Seller lodges the
same with his Bank.

Okay

The electronically signed and sealed contract is
legally binding and
enforceable.

Okay

14.3. Seller’s Bank SWIFTS, WITH FULL BANK RESPONSIBILITY IN MT799 RWA
FORMAT, stating
seller’s Bank is in possession of documents as per clause 16.1 and Ready,
willing and able to
start the procedures of the SPA, over to Buyer's bank. Buyer’s Bank SWIFTS
to seller’s bank a
ready willing and Able (MT799 RWA) stating that buyer’s Bank has the ready
finances/funds for
the transaction.

It's the buyer's bank that should be contacting the seller's bank and not the other way round.

14.4 Within three banking days of receipt of Buyer’s Bank RWA, Seller’s
Bank shall send to the
Buyer’s bank (in bank to bank system) a non-operative Performance Bond
covering 2% of the
invoice value and verifiable POP documents.

A seller's bank issues non-operative PB? Buyer provides proof of product (POP)? My goodness!!! What has the oil and gas industry turned into?

14.5 Buyer's Bank within 3 (Three) banking days after receipt of PB and POP
Documents
issues operative Non-transferable Documentary Letter of Credit (DLC) to
Seller's Bank in favour
of Seller which activates Seller’s Performance Bond automatically.
14.6 The Seller within 5 (five) banking days confirms acceptance of Buyer’s
DLC nominates a
vessel and notify the Buyer for acceptance.
14.7 Within 3 (three) banking days of the vessel’s acceptance by the Buyer,
the Seller provides
the electronic copies of the ASPATANKVOY Charter party agreement, available
shipping
documents and information on the loaded Cargo vessel for the buyer’s
independent check as to
the form of issue.
14.8 Upon confirmation of shipping documents’ approval by the Buyer as
issued in correct way
by the Seller, the loaded ship sets off sailing to Buyer's Destination.
14.9 Upon Vessel arrival at Destination, the Cargo shall be inspected by
the Buyer's designated
inspectors for Q & Q and product verification before the Cargo shall be
discharged.
14.10 Upon Verification and confirmation of the product after full
discharge, the Buyer’s bank
shall settle payment with the Seller by Swift against the shipping
documentation as per
contract.
 ------------------------------
*Page 2*
*Proof of product*
The Proof of Product (POP) should consist of the following documents issued
in Original or
copies certified by the ICC recognized notary:
16.1.1. POP allocation document issued or assigned, sealed and signed by
NNPC showing Seller
as beneficiary, valid for the actual period of time
16.1.2. Export License issued, sealed and signed showing Seller as
beneficiary valid for the
actual period of time
16.1.3. Export Permit issued or assigned, showing Seller as beneficiary,
valid for the actual
period of time and showing the product particulars.
16.1.4. Seller’s Company Act of Incorporation
16.1.5. Loading Terminal confirmation on readiness to receive and load the
product
16.1.6. Pro-forma of the Commercial Invoice based on the calculated price
and quantity
10. PRICE*
 The Discount to the Buyer shall be Gross USD $10.00 (Ten US Dollars) and
Net USD 6.00 (Six US
Dollars) per barrel below DTD Brent net per each barrel to the Buyer on CIF
terms
The commission in value of USD 4.00 (Four US Dollars) per US Barrel is
divided between Seller’s
side and Buyer’s side as follows:
Seller’s side receives USD 2. 00 (Two US Dollars) per US Barrel
Buyer’s side receives USD 2. 00 (Tw0 US Dollars) per US Barrel
Buyer is responsible to pay commissions to the Buyer’s and Seller’s side
intermediaries against
a separate MFPA

There's no point addressing this procedure anymore. It's nothing but crap!!!

Good luck.

Good day sir
Am Leo Scott by name,We are facilitator,and we have access to all kinds of product you need,pls let me no if you are still in need to buy,the allocation paper from NNPC is available for you too see,so if you are still in need to buy get back to me from there we can move on,reply back to my email leoscott6@aol.com,and u can all so call me on my number +2347039227725.

Thanks
Leo scott

malvino: NOMINATIONS SHIPMENT &BANKING
 PROCEDURES
14.1.Seller issues draft contract, signed and sealed to the buyer.
14.2 Buyer sign, seal and return to Seller, with SPA lodged to Buyer's
Bank. Seller lodges the
same with his Bank. The electronically signed and sealed contract is
legally binding and
enforceable.
14.3. Seller’s Bank SWIFTS, WITH FULL BANK RESPONSIBILITY IN MT799 RWA
FORMAT, stating
seller’s Bank is in possession of documents as per clause 16.1 and Ready,
willing and able to
start the procedures of the SPA, over to Buyer's bank. Buyer’s Bank SWIFTS
to seller’s bank a
ready willing and Able (MT799 RWA) stating that buyer’s Bank has the ready
finances/funds for
the transaction.
14.4 Within three banking days of receipt of Buyer’s Bank RWA, Seller’s
Bank shall send to the
Buyer’s bank (in bank to bank system) a non-operative Performance Bond
covering 2% of the
invoice value and verifiable POP documents.
14.5 Buyer's Bank within 3 (Three) banking days after receipt of PB and POP
Documents
issues operative Non-transferable Documentary Letter of Credit (DLC) to
Seller's Bank in favour
of Seller which activates Seller’s Performance Bond automatically.
14.6 The Seller within 5 (five) banking days confirms acceptance of Buyer’s
DLC nominates a
vessel and notify the Buyer for acceptance.
14.7 Within 3 (three) banking days of the vessel’s acceptance by the Buyer,
the Seller provides
the electronic copies of the ASPATANKVOY Charter party agreement, available
shipping
documents and information on the loaded Cargo vessel for the buyer’s
independent check as to
the form of issue.
14.8 Upon confirmation of shipping documents’ approval by the Buyer as
issued in correct way
by the Seller, the loaded ship sets off sailing to Buyer's Destination.
14.9 Upon Vessel arrival at Destination, the Cargo shall be inspected by
the Buyer's designated
inspectors for Q & Q and product verification before the Cargo shall be
discharged.
14.10 Upon Verification and confirmation of the product after full
discharge, the Buyer’s bank
shall settle payment with the Seller by Swift against the shipping
documentation as per
contract.
 ------------------------------
*Page 2*
*Proof of product*
The Proof of Product (POP) should consist of the following documents issued
in Original or
copies certified by the ICC recognized notary:
16.1.1. POP allocation document issued or assigned, sealed and signed by
NNPC showing Seller
as beneficiary, valid for the actual period of time
16.1.2. Export License issued, sealed and signed showing Seller as
beneficiary valid for the
actual period of time
16.1.3. Export Permit issued or assigned, showing Seller as beneficiary,
valid for the actual
period of time and showing the product particulars.
16.1.4. Seller’s Company Act of Incorporation
16.1.5. Loading Terminal confirmation on readiness to receive and load the
product
16.1.6. Pro-forma of the Commercial Invoice based on the calculated price
and quantity
10. PRICE*
 The Discount to the Buyer shall be Gross USD $10.00 (Ten US Dollars) and
Net USD 6.00 (Six US
Dollars) per barrel below DTD Brent net per each barrel to the Buyer on CIF
terms
The commission in value of USD 4.00 (Four US Dollars) per US Barrel is
divided between Seller’s
side and Buyer’s side as follows:
Seller’s side receives USD 2. 00 (Two US Dollars) per US Barrel
Buyer’s side receives USD 2. 00 (Tw0 US Dollars) per US Barrel
Buyer is responsible to pay commissions to the Buyer’s and Seller’s side
intermediaries against
a separate MFPA

Are your buyers still interested on this. Contact me on group.aid234@gmail.com

check your mail