A very Prestigious Indigenous Firm that deals with Crude and Refined oil based in Nigeria offers crude oil and refined oil sales at affordable and marketable prices. Below are the details about what you need to know the transactions and sales of contract involved.

PROCEDURE FOR CIF ANY PORT IN CHINA (CHANGES WILL VOID SPA)
1) BUYER SIGN SPA AND RETURN WITH PORT AGENT DETAILS+ETA/NOR/ATB FORMATS
>
> 2) BUYERS BANK ISSUE PRE-ADVICE STATING RWA TO ISSUE SBLC VIA MT760 WHILE
SELLER ISSUE PPOP OR NOR (NOT BOTH) TO BUYER.
>
> 3) BUYERS BANK ISSUE SBLC FOR $100M FROM PRIME BANK VIA MT 760 WHILE
SELLER ISSUE 2% P/BOND.
>
> 5) SELLER MOVES ITS LOADED VESSEL TO BUYERS POD OR TANK STORAGE IN CHINA.
>
> 6) BUYER PERFORMS Q&Q AND PLACE MT103.
>
> 7. SELLER DISCHARGES CARGO INTO BUYER'S VESSEL OR OFFSHORE TANK FARM
>
> 8. BUYER MAKES FINAL PAYMENT AGAINST OUT-TURN BARRELS ON CI AND DISCHARGE
CERTIFICATE.
>
> 9) SELLER PAYS INTERMEDIARIES AND ISSUE ORIGINAL DOCUMENTS TO BUYER.
>
> 10. SELLER MAKE SUBSEQUENT SHIPMENTS
>
>
> OR
>
> 3.1. Seller issues sales purchase Agreement (S.P.A), Buyer sign’ and
return with port of agent information, MATB and NOR details.
>
> 3.2. Buyer’s bank issue Pre-Advice stating RWA to issue SBLC while
Seller’s bank responds RWA to receive the SBLC and issue 2% P/Bond after
successful receipt and validation of the SBLC.
>
> 3.3. Within 3 banking days, Buyer’s Bank issues a genuine and acceptable
SBLC (valued for one- month shipment-$ & valid for duration of the
contract-366 days) to Seller’s Settlement Account with Seller’s verbiage
via MT760 while Seller’s Bank validates SBLC and if successful & genuine,
issue 2% performance bond to guarantee Seller’s performance.
>
> 3.4. Seller loads an exclusive vessel OR reassign available vessel to the
Buyer and issue full cargo documents in Buyer’s name.
>
> 3.5. Seller authorizes vessel Captain to sail to Buyer’s port of
discharge and issue periodic Estimated Time of Arrival (ETA) to the Buyer
and Buyer's Port Agent.
>
> 3.6. At port of discharge, Seller issues Authority to board (ATB) to
enable buyer’s independent inspector board for Quality and Quantity (Q&Q)
analysis at agreed designated location.
>
> 3.7. On successful conclusion of Q&Q analysis, Seller issue commercial
invoice per Q/Q result.
>
> 3.8. Within 72 hours after Q/Q, Buyer pays for cargo via cash-MT103 and
discharge vessel into buyer’s storage tank.
>
> 3.9. Seller pays commission and commence subsequent shipments to the
Buyer on CI, Dip & Pay.
>
>OR
>
> > 1.Buyer and Seller sign and seal the contract
> AGREEMENT
>
> (the SPA) including banking coordinates and
> discharge(POD)
>
> details and NOR/ETA format. The electronic signed copy
> by
>
> both Parties is considered legally binding and
> enforceable
>
> and must not be changed without the written consent of
> the
>
> parties
> > 2.The buyer’s bank issues Pre-advice
> via MT199(POF)
>
> stating their assurance to swift MT799 blocked funds as
> per
>
> seller’s verbiage.
>
> > 3.Upon receipt and confirmation of the buyer’s
>
> pre-advice mt199,seller issue a non-activated 2% PB
> via
>
> bank channel to buyer.NNPC will issues a letter to the
> buyer
>
> confirming readiness to move the vessels
> > 4.Within 72 hrs,Buyer’s bank issues MT799
> Blocked
>
> Funds (irrevocable and non-transferable) to activate 2%
> PB.
>

> > 5.Buyer issues MT799 blocked funds by swift as
> per
>
> seller’s verbiage.seller loads vessels and authorizes
>
> vessel captain to giveNotice Of Readiness(NOR/ ETA)
> to
>
> buyer’s dischargeHarbour/Tank
>
> 6.Upon the goods arrive at the port of discharge,
>
> buyer checks the goods and cargo information.
> 7.On successful conclusion ofQ&Q analysis
>
> ,buyer,within 72 hours,issues MT103 or TT for full
>
> payment and all original cargo documents transferred
> to buyer’s name.
> 8.Cargo is discharged into buyer’s storage tank
> and
>
> fullpayment is made to the seller and all the
> intermediaries
>
> covered in the IMFPA of this contract.
> > 9.next shipment commences.

For Further Enquiries Contact:+233543739081(Lanre) +233200933886 (Wisdom)