CONTACT ME ON: +2347067214849; uwamleeka@yahoo.com

BLCO CIF
PRICE FOR CIF is $8 less $3

PROCEDURE FOR CIF (Cost Of Insurance & Freight)

1. Seller and Buyer sign and execute contract and deposit signed copies at their respective banks. Buyer returns signed SPA with discharge port details and NOR Format,

2. Buyer bank sends RWA to the Seller bank by swift requesting seller 2% bond and stating buyer’s readiness to swift full cargo SBLC on seller verbiage.

3. Seller bank within 10 (ten) international bank days of receipt of the buyer swift RWA, swift 2% bond to buyer bank

4. Buyer bank within 10 (ten) international bank days of receipt of the seller bank 2% bond swift full cargo SBLC to seller bank

5. Vessel Captain sends ETA to Buyer’s discharge port upon sailing from Seller’s Port of Loading. The discharging port’s Harbor Master responds to the Seller’s vessel Captain with a NOR to receive the cargo.

6. Buyer gives clearance for the vessel from the discharging port Harbor Master with evidence of readiness to take the cargo; Further ETA updates to be sent from the Vessel Captain to Buyer’s port of discharge ten (10) and five (5) days and then 72, 48, 24 and 12 hours prior to arrival.

7. Within two hours after the arrival of the vessel at Buyer’s Port of Discharge, Buyer, at his own expense, shall commence with the Q&Q analysis, and upon receiving the Q&Q report, the vessel discharges its cargo at the Buyer’s designated port of discharge.

8. Within three (3) international banking days after Buyer has received the Discharge Report and all relevant documents presented by the Seller as stated in this agreement, as shall be confirmed by the vessel Captain, Buyer makes payment in United States dollars by KTT Wire Transfer directly to Seller’s nominated bank account, and simultaneously pays commissions to all Intermediaries’ nominated bank accounts in accordance with the Irrevocable Master Fee Protection Agreement (IMFPA).

FOB PRICE: $13/$10
FOB PROCEDURES:

BUYER AND SELLER SIGN AND SEAL THIS SALES AND PURCHASE AGREEMENT.


BUYER NOMINATES A VESSEL AND SENDS TO SELLER THE CPA, CHARTER INVOICE, Q88 AND AUTHORITY TO LOAD IN SELLER'S NAME (LADAY ASSETS LTD).

SELLER CONFIRM VESSEL DETAILS AND PROGRAMS BUYER’S NOMINATED VESSEL FOR LOADING IN ACCORDANCE WITH THE GIVEN ETA IN LOCAL WATERS IN THE NAME OF BUYER AS OWNER AND CONSIGNEE OF THE CARGO WITH WINDOWS AND LAYCAN DATES ETC. SELLER PROVIDES TO BUYER ALL PROGRAMMING DETAILS FOR INFORMATION PURPOSES. VESSEL ARRIVES IN LOCAL WATERS.

***After seller programs buyer's vessel. Buyer can confirm his vessel's Laycan information on Lloyd's Screen,NNPC London,NNPC Abuja,NNPC Lagos,and Bonny Ocean Terminal***

BUYER THROUGH HIS BANK ISSUES TO SELLER BY SWIFT TO SELLER'S BANK MT799 BLOCKED FUNDS PROOF OF FUNDS FOR THE ENTIRE CARGO

SELLER CLEARS AND CALLS THE VESSEL INTO PORT FOR LOADING.

VESSEL IS LOADED IN BUYER’S NAME AND FULL DOCUMENTATION IS ISSUED IN THE NAME OF BUYER.

WITHIN 48 HOURS AFTER A SUCCESSFUL Q&Q, PAYS FOR THE PRODUCT VIA MT103 WIRE TRANSFER AND ALSO REMITS PAYMENT FOR ALL INTERMEDIARIES INVOLVED IN THE CONTRACT.

THE VESSEL SAILS FOR DESTINATION.



TTO
PRICE - N81 less N4

PROCEDURE:

1. Seller issues SPA to be executed by both parties and forwarded via EDT (electronic data transmission) and deposited to their respective banks. Buyer returns signed SPA with ATB format, supercargo passport and inspector details. NOTE: Buyer’s bank officer e-mail must be added in the ATB format. Seller also sends pregnant vessel details IMO number,MMSI,Flag,Call Sign,Vessel Dead Weight,Vessel Current Location etc

2. Buyer’s bank officer sends Softcopy of Draft of N10M to Seller’s bank officer in favour of Seller and both banks agree on how the Hardcopy of the Draft will be preserved for Seller pending the execution of contract.


3. Seller’s bank confirms security of bank Draft with Buyer’s bank, in favour of Seller and Seller issues M/ATB and NNPC Clearance to Buyer’s S/C and Inspectors and copy Buyer’s bank Officer as per Buyer’s ATB format.


4. Seller boards Buyer’s S/C in Nigeria waters.


5. Upon confirmation of cargo by Buyer’s S/C, Buyer’s bank releases the Hardcopy of Draft of N10M to Seller’s bank and cashable to Seller and also, places full Instrument, (operative, irreversible, divisible, transferable and confirmable Bank guaranty or standby letter of credit (MT760) for total cargo in Seller’s nominated bank account (in Seller’s verbiage) in favour of Seller. The Buyer will return to the Seller, “answer back” of the BG/SBLC received from the bank. Scan copy of “Answer Back” will be sent through Agents to Seller for follow up.


NOTE: Buyer’s S/C must remain onboard loaded vessel.


6. Seller’s bank confirms the issuance of MT760 by Buyer’s bank to Seller and Seller instructs the Captain of the loaded vessel to move cargo to Cotonuo waters for Q and Q


7. Upon loaded vessel arrival in Cotonou/Ghana waters and port announcement. Seller cashes N50M or $350,000 (Logistics Fees) for documentations from the MT760. Buyer boards his Inspector for sample taking for Q and Q analysis.


8. Upon successful Q and Q report to Seller and Buyer, Seller releases softcopy of shipping documents to Buyer.



CIF 2 Procedure and Price
Price is $11 less $4
($7 as discount to buyer,$4 as commission to buyer/seller agents)


1 . Buyer sign SPA and return with NOR/ETA format and PORT OF DISCHARGE/STORAGE AUTHORITY.

2 . Within 2-3 International Banking, Buyers bank shall send to sellers’ bank and nominated Shipping company Swift MT799 Blocked Funds proof of funds in seller's name according to the verbiage attached on (EXHIBIT A) covering the entire cargo cost.



3. Within 48hrs of confirming buyer Swift MT799 Blocked Funds POF, seller shall place charter on the 2Million Barrel vessel.

4. Seller shall also officially assign in Buyer’s name as the consignee of product by the officers in marine and shipping department of the Nigerian National Petroleum Corporation (NNPC) Bonny Terminal. (proof of product),the provisional lifting right(PLR) and the complete full set of original shipping documents in favor of the Buyer. Seller will also give buyer official NNPC PIN to confirm all the information of the transaction on NNPC database on NNPC website,NNPC London,Lloyd's screen.

5. Seller notifies Buyer with copies within (48 hours) following the Agreement upon confirmation of complete loading, then Nigerian National Petroleum Corporation issue to the buyer and Managers/owners of the chartered vessels formal written permission to the buyer to speak with loaded vessel captain.

6. Seller notifies Buyer with the vessel particulars/ crew list (Q88) and location with Master’s official written confirmation to the buyer. Vessel sets sail for buyer's Port of discharge.

7. Upon arrival at buyer's POD,vessel master issues Authority To Board (ATB)) to the Buyer inviting buyer inspectors agent on board loaded vessels and carry out the Q&Q inspection.

8. Upon Q&Q, results are both sent to seller's and buyer's banks for confirmation.


9. Payment is made by Swift Wire Transfer through Seller’s commercial presented after Q&Q ascertained by buyer’s inspection agents at buyer discharge port against presentation of the original shipping documents to the buyer.


CIF
Price: $12/$8

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Seller & Buyer sign and seal Sales/Purchase Contract Agreement (SPA) containing both BUYER'S &
SELLER'S NOMINATED BANKING DETAILS along with fully signed working irrevocable MOU. Also Signed SPA must come along with
Buyer's port of discharge details/harbor master info. Both parties lodge the fully executed SPA with their
respective banks. Seller also sends allocation details for buyer's due diligence.

2. Buyer’s bank places Stand-By Letter of Credit for expected total cost of cargo+shipment through MT760
Swift Transmission (see Annex A) to seller's Financial Partner Account. Then SBLC Swift confirmation
slip/copy is sent to the Seller for confirmation and to commence nomination of vessel. Immediately Seller’s
Financial Partner's bank confirm issuance of the SBLC and then issue Performance Bond of 2% of the total
amount raised in the SBLC.

***NOTE*** For security purposes,before buyer's bank issues SBLC to seller's bank,buyer's bank can do due diligence on seller's bank,by inquiring via bank to bank correspondence,seller bank's readiness to issue 2% Perfomance Bond under 5 banking days after receiving buyer bank's SBLC. Seller's bank will confirm their ability,willingness and readiness to buyer's bank. Then buyer's bank will issue by S.W.I.F.T an ACTIVE SBLC to seller's bank,and seller's bank replies by issuing by S.W.I.F.T 2% Performance Bond.

3. Within (7) banking days of receipt of LC, Seller’s bank issues back-to-back SBLC in favor of NNPC
for Total Cost of Cargo. Seller sends list of available vessels to Buyer to choose from. Buyer choose ones of
the vessels nominated by Seller, Seller pays for charter, Details of Chartered Vessel is sent to NNPC Marine
Transport Department for Programming of Loading Window & issuance of LAYCAN. Seller furnishes both
Vessel Home-office/Foreign Handler and The Buyers with details of Official LAYCAN & Loading window
secured from NNPC for their records & Verification.
Please Note: CPA will have both Seller and Buyer as joint Charterers and not Seller Only.
NB: THIS PERIOD INVOLVES DAYS FOR ACTUAL NOMINATION AND SELECTION OF BUYER’S VESSEL OF CHOICE, PAYMENT FOR CHARTER, SECURING LAYCAN FROM NNPC, SAILING TO NIGERIA & CLEARING VESSEL TO LOADING POINT.

4. Vessel Captain sends NOR and ETA to Terminal as vessel sails to Nigeria. Upon arrival in Nigerian
international waters, Seller clears vessel to terminal for Loading. Vessel is loaded. Seller Secures Full Cargo Documents/title and also furnish the buyer and his bank with transaction document in buyer's name including:
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.


5. Buyer issue clearance for the nominated vessel from discharging port harbor master and the details of Buyer's
storage facilities, including evidence of lease, capacity of storage and authority to load, or other evidence of
Buyer's storage facilities‘ readiness to take the cargo, so that Seller's vessel may confirm compatibility with
Buyers designated port anchorage.

6. Buyer's storage facilities responds to Seller's vessel captain with the NOR to receive the cargo. Further ETA
updates to be sent to Buyer's port of discharge ten (10) and five (5) days and then 48, 24 and 12 hours prior to
arrival.

7. Vessel sails to discharge port where Q&Q analysis is conducted by Buyer's nominated inspection agency.
Inspection agency must be either SGS, Saybolt or comparable theretowithin72hours upon it arrival and if
there is congestion at the port of discharge that could cause delay, buyer shall bear cost of demurrage and
payment still effected with three working days. Buyer’s bank issues MT103 into Seller’s bank cashable
within 48hours. Buyer makes payment in United States dollars by KTT Wire Transfer directly to Seller's
nominated bank account, and simultaneously pays commissions to all Intermediaries' nominated bank
accounts in accordance with the Irrevocable Master Fee Protection Agreement (IMFPA).

8. Vessel discharges its cargo at Buyer's designated port and within Three (2) international banking days after
Buyer has received the Discharge Report. and all relevant documents presented by the Seller, as shall be
confirmed by the vessel Captain,

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


1mbl BLCO TTO N82 Less N4

1. Seller issues SPA to be executed by both parties and forwarded via EDT (electronic data transmission) and deposited to their respective banks. Buyer returns signed SPA with ATB format, supercargo passport and inspector details. NOTE: Buyer’s bank officer e-mail must be added in the ATB format.

2. Seller's bank email buyer's bank to confirm their readiness to swift 70m BG upon receipt of 3% bond.

3. Buyer's bank reply seller's bank confirming their readiness

4. Seller's bank S.W.I.F.T operative 3% performance bond to buyer's bank

5. Buyer's bank S.W.I.F.T 70m Bank Guaranty valid for 60 banking days

7. Seller confirm,give E.T.A and move vessel to Cotonou/Ghana for boarding/ Q&Q

8. Upon arrival in Cotonou/Ghana,buyer's clears vessel,vessel master give MATB for buyer's supercargo and inspector to board vessel. Supercargo and inspector boards vessel,Supercargo confirm product,Inspector take sample and disembark for Q&Q. Supercargo remain on board. Seller cash BG for Logistics and documentation

9. Upon successful Q&Q, Buyer's bank pay seller and intermediaries for entire cargo per out turn barrels via MT103/SWIFT Transfer

10. Seller gives Buyer original hard copies of ALL cargo documents and sends soft copies to buyer's bank. Buyer Re-charter vessel to Point of Discharge.

CONTACT ME ON: +2347067214849; uwamleeka@yahoo.com