*4-6MBBLS OF BLCO IN CHINA OFFSHORE TANKFARM@$8/4NET* .

*SELLER/TEMINAL SENDS TANKFARM POP & TANKFARM MANAGER'S CONTACT THEN BUYER GIVES SBLC FOR TOTAL CARGO.*

*USD$0.50CENTS IS OPENED ON SELLER'S SIDE TO YOU.*
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*FULL PROCEDURE NON NEGOTIABLE:*
1) Buyer and NNPC sign and seal the Sales and Purchase Agreement incliding full Banking co-ordinates. Buyer returns signed SPA with Company Registration Certificate signed and stamped by Buyers Company and ATB FORMAT(Names of persons and inspectors authorized to Board the storage for QNQ inspection).

2) NNPC/TERMINAL release OFFSHORE CHINA TANK FARM cargo POP and​ the NNPC China tank farm managers contact via NNPC Secure Email domain DIRECTLY TO END BUYER for Buyers confirmation.
THE DOCUMENTS ARE:
a) Discharge Certificate
b) Storage Information
c) Offshore Storage Certificate
d) TANKFARM Storage Receipt(TSR)
e) Details of NNPC China Tank Storage Manager.

3) Buyer confirm NNPC OFFSHORE CHINA TANK FARM CARGO from the NNPC Tank Farm Manager or Seller's representative in HongKong and issue MT760 SBLC/BG/MT103-202/MT799 via SWIFT for total cargo from Top 50 global Banks according to NNPC approved Verbiage within 3(three) banking days. Buyer sends telex charge copies and copies of SWIFT to Fiduciary for confirmation with Fiduciary Bank.

4) Upon confirmation of Buyers SBLC/BG/MT103-202/MT799 SWIFT from Fiduciary Bank, FIDUCIARY shall SWIFT Payments with NNPCs Official invoice for the following fees to NNPC designated account :
(a) FULL CARGO DOCUMENTS TO BE ASSIGNED TO THE BUYERS COMPANY’S NAME.
(b) WARRANTY OF TITLE (WOT)
(c) DIP TEST AUTHORIZATION(DTA)

5) Upon payment of fees by FIDUCIARY for Cargo Re-Assignment and Warranty of Title for the cargo, all cargo Documents as well as all rights to the cargo is re-assigned and issued to Buyer and in their favour.

(6) Warranty of Title and Re-assigned documents are sent to the Tank Farm Manager, upon verification of the documents and Warranty of Title by Tank Farm Manager,Dip Test Authorization is issued to Buyer.

(7)Dip Test is carried out in China tank farm by Buyers nominated inspection team.

(Buyer’s Bank shall effect payment immediately via Swift transfer MT103 covering entire cargo immediately upon receipt of Q&Q Report from the Inspection Agency.All commissions as per SPA are payable immediately after receipt of QnQ.

(9)Buyer’s Shipping Agent handles the transfer of cargo to Buyer’s tankers or storage tank.

Email address: babajioilandgas@gmail.com

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Still available pleae