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Blco Cif 2%pb Upfront - Business To Business - Nairaland

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Blco Cif 2%pb Upfront by K2: 10:35pm On Apr 23, 2013
The Discount to the Buyer 9 -5 Dollars Below Brent Price. For genuine & serious buyers. oilbroker992@gmail.com
PRICE IS GROSS DISCOUNT $9 PER BARREL.
$5.00 NET TO BUYER,
$1.50 TO SELLER’S MANDATE GROUP,
$1.50 TO BUYER’S MANDATE GROUP,
$1.00 TO TRANSACTION COORDINATOR


CLAUSE 9: CIF PROCEDURE TO ROTTERDAM


1.Seller issues Sales Purchase Agreement with proof of past performance/ VALID ATS(S.P.A), Buyer sign's and return with port of discharge and NOR detail.


2. Seller and Buyer execute the contract via facsimile or electronic means. Copies are exchange electronically. And buyer bank send a swift message via MT999 demanding for inoperable 2% Performance bond.


3.Seller’s fiduciary bank within 3-7 business days issues an inoperable 2%
Performance Bond (DLC) computed on the value of one cargo and continuing for the duration of the contract on a revolving basis, one cargo to the next, to the third party buyer.


4.Within 3-7 business days from receipt of the performance bond, Refinery’s prime world bank issues it’s irrevocable documentary letter of credit{DLC} to the seller, [Seller's Name], as beneficiary and delivers the documented letter of credit to the seller’s revenue and payor bank, -------. This makes the performance bond operable.


5.Seller nominate, Laycan (Programming), Loads and commences movement of cargo on an NNPC/DPR approved vessel to buyers discharge Port and avails buyer full set of loading documents. Seller shall advise buyer of the name and flag. Seller shall also send a fax copy of the programming document containing a description of the Vessel and Vessel particulars will be forwarded to Buyer for direct confirmation with shipping agents and/or vessel owners. Buyer’s confirmation will be completed within three (3) business days.


6.Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to
buyers discharge Harbor/Tank.


7.Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location.


8.Vessel commences discharge into Buyer’s Tank Farm within 24hrs after Q&Q
Report is released. Within 48hrs after discharge, Captain releases Discharge
Certificate and Master Receipt to Buyer and Seller.


9.Payment for product and commissions is released to seller's nominated banks within 72 hours after transshipment of product by MT 103 (swift transfer) at out turn barrels upon presentation of the transaction documents at buyer’s bank.


10. Shipment shall occur within thirty (30) days of Buyer posting its
Documentary letter of Credit. Deliveries are to continue until all loads are
delivered as in accordance with the Agreement.
Re: Blco Cif 2%pb Upfront by Okeme01(m): 7:13am On Apr 27, 2013
Hello, can you supply blco to canada at cif basis. Contract is for 12 months, base on buyer's condition. dejmindnigco@gmail.com

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