DELIVERY TERMS: FOB Delivery.​

PROCEDURE ONE:

PROCEDURE FOR SHIPMENT REASSIGNMENT

1. SELLER SENDS SPA AND BUYER SIGNS AND SEALS CONTRACT WITH THEIR BANKING COORDINATES AND BOTH DEPOSIT SAME WITH THEIR RESPECTIVE BANKS..

2.ELECTRONIC SIGNED CONTRACT IS ACCEPTED AS BINDING ON BOTH PARTIES, BUYER TO ATTACH LETTER OF INTENT STATING THE QUANTITY AND LIFTING PROCESS, BUYER  RETURN SIGNED SPA WITH FILLED CIS FORM, COMPANY PROFILE, BUYER'S CERTIFICATE OF INCORPORATION,POF, AUTHORITY TO VERIFY PROOF OF FUNDS, INT'L PASSPORT,OTHER DOCUMENTS AS MAY BE REQUIRED. 

3. SELLER SUBMIT DOCUMENTS TO NNPC FOR VERIFICATION AND CONFIRMATION. 
BUYER SHALL RETURN DOCUMENTS ATTACHED WITH NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT (NCNDA) AND IRREVOCABLE OR MASTER FEE PROTECTION AGREEMENT (IMFPA)
NNPC ISSUE OFFICIAL APPROVAL LETTER OF INVITATION TO VERIFY ALLOCATION DETAILS IN THE TOWER TO THE BUYER.


4. BUYER VERIFIES ALLOCATION AT NNPC TOWER AND THROUGH HIS BANK SWIFT SBLC VIA MT760 OR MT760 BLOCK FUND FOR THE ENTIRE QUANTITY OF ALLOCATION STATED ON LOI, TO SELLER'S NNPC FIDUCIARY BANK ACCOUNT AND SOFT COPY OF SWIFT SHALL BE ADVICED TO SELLER FOR CONFIRMATION. (USING SELLER'S ACCEPTABLE ATTACHED FORMAT/VERBIAGE).

5. BUYER’S BANK UPON CONFIRMATION AND VERIFICATION OF THE ALLOCATION AND THE VALIDATED LAYCAN OF AUTHORITY TO SELL (ATS)/ MANDATE APPROVAL LETTER, SHALL WITHIN 48 HOURS, RELEASE PAYMENT OF  COMMISSIONS BY SWIFT MT  103/CASH WIRE TRANSFER FOR THE ENTIRE  QUANTITY ON THE LOI TO SELLER AND ALL AGENTS AND INTERMEDIARIES.


6. BUYER START LOADING FROM THEIR ALLOCATION AND PAY NNPC FIDUCIARY BANK ACCOUNT ON EVERY LOADING / SHIPMENT OF QUANTITY ON LOI MONTHLY FOR 11MONTHS. 


7. AGENTS’ COMMISSIONS WILL BE PROVIDED SIMULTANEOUSLY IN THE FORM OF PAY ORDERS, WHICH WILL BE IRREVOCABLE, THROUGH THE BANKS FOR THE BENEFIT OF THE FOLLOWING AGENTS AND BROKERS WHO ARE PAID COMPLETELY AND SIMULTANEOUSLY

DIRECT FROM NNPC TABLE
Call MR JESSE 08108181157
Email nnpc2019@gmail.com