y2kaustin: i have a buyer in Holland that needs the following procedures:




i NEED CIF LIKE WITH THIS CONTRACT PROCEEDURE

THIS AGREEMENT (the “AGREEMENT”) is entered into this day of ........2007 BY and BETWEEN Seller …………………………. having its registered office and mailing address at ………………………….. PHONE ……………. FAX………………. E-MAIL…………………….. (hereinafter referred to as the SELLER’) and ………………………… . it’s affiliates and assigns with its principal registered office located at …………………………………………… …………………………… PHONE ………………. FAX ………………… E-MAIL …………………….. (hereinafter referred to as the ‘BUYER’)

WHEREAS the Seller has the legal right to title and conveyance of the product referred to herein below and hereby sells such products, and the buyer is willing and able to purchase said product subject to the terms and conditions of this Agreement.
NOW therefore the parties agree as follows, it being understood that each may be referred to herein individually as a “PARTY” or collectively as “PARTIES”.

1.0 PRODUCT: BONNY Light Crude Oil of Nigeria Origin.

2.0 QUALITY:
The quality of crude oil to be delivered and sold hereunder and shall be established as follows:

2.1 QUANTITY: (……… BBLS) …………. MILLION BARRELS

2.2. SHIPPING: Schedule to be advised by Seller to Buyer upon receipt and confirmation of a "aspatankvoy" charter party a chartered vessel name, call letters and captains name, if more that one vessel is utilized for delivery by Seller to Buyer’s shore tanks, such vessel must be prepared for berthing at port of discharge within twenty-four (24) hours of each other.

2.3. DETERMINATION OF QUALITY AND QUANTITY): Quality and Quantity shall be determined by an independent inspection company such as SGS or Saybolt, at Lifting and Discharge Ports in accordance with normal Port practices. Quantity shall be determined by out-turned barrels from the carrier after adjustment for temperature corrections to 60 degree Fahrenheit, utilizing applicable volume correction tables.

3.0 QUALITY AND GRADE OF CRUDE OIL:

3.1 The quality and grade of crude oil offered by Seller, and accepted, is specified as follows STANDARD EXPORT GRADE ORIGIN NIGERIA

BONNY LIGHT CRUDE OIL ( COLOR DARK BROWN )

Specific Gravity 0.8457
API 37.7
Water Content (% MAX) 0.100
Salt, Ib, MAX PTB @ 0.10%
MAX Total Sulfur, MAX 0,14
Reid Vapor Pressure MAX 6.52

3.2 The verification as to quality and quantity shall be arranged by Seller at the loading port at Seller’s expense, and Buyer shall be responsible for the same such arrangement and expenses at the port of discharge. Normal industry practices will be utilized as to de-escalation of price, when applicable, as to quality and quantity.

4.0 PRICE:

4.1 CIF Delivery based upon DTD Brent Price quotation are published by Platt’s Oil Marketwise and as determined herein below. Delivery (CIF INCOTERMS 2000) shall be out-turned defined barrels, IN-side customs, X-shore tanks.

4.2 Platt’s DTD BRENT Marketwise quotation for the day before, the day of discharge, and the day after shall determine the mean average of the price, less the gross discount of US$ ……….. per barrel, net discount is US$ ……….. per barrel to the buyer.

COMMISSIONS $ ………SPLITTING
%50 SELLER SIDE :
%50 BUYER SIDE:

5.0 PAYMENT CONDITIONS:

5.1 Payment is U.S. Dollar to be made by Telegraphic Transfer into the Seller’s Bank Account after discharge and to presentation of the original documents, listed below.

Payment shall be made in accordance with the terms of this agreement upon presentation of the complete set of document made in favor of the buyer (with copies transmitted by facsimile to buyer), at the counter of the Seller bank, following delivery and receipt thereof.

5.2 Complete set; one original plus three (3) non-negotiable copies of clean on-board Bill of lading, showing quantity loaded, issued of endorsed to the order of buyer marked “Freight paid prior to breaking bulk”.

The Bills of Lading will evidence the following (I) Shipment date (ii) Intended destination, (iii) Proof of shipment from the loading Terminal, (iv) Name of Product. All Bills of lading must be manually signed by the master of the nominated vessel(s).

5.3 Certificates of Quality and Quantity issued by the independent inspection company, (SGS, or Saybolt), at lifting ports, one original and three (3) copies of the Certificate of Quality.
5.4 Certificate of origin, one original and three (3) copies plus petroleum sample.
5.5 Mater’s receipt, one original and three (3) copies.
5.6 Cargo Manifest, one original and three (3) copies
5.7 Cargo of Insurance as to vessel and cargo
5.8 Warranty of Title, one original plus three (3) copies.
5.9 COPY OF ASPATANKVOY CHARTER PARTY MARKED PRE-PAID.

OTHER DOCUMENTS LISTED IN THE DLC

6.0 DELIVERY:

6.1 Terms of Delivery considered in this contract is CIF INCOTERMS 2000, INSIDE CUSTOMS, OUT-TURN BARRELS, X-TANKS Buyer’s Destination Port and delivery shall be accomplished in a vessel of one million barrels

7.0 NOMINATION PROCEDURE:

7.1 Seller must timely provide Buyer with vessel’s particulars prior to loading for acceptance at the discharge port, and to inable Buyer to issue the DOCUMENTARY LETTER OF CREDIT such loading details are required for arranging on-time storage at the discharge port, and include but are not limited to:

A. The name of the vessel, flag, year of construction, assigned number and loaded arrival draft, at discharge port.

B. The expected date of arrival at the Port of discharge (ETA)

7.2 NOTICE: Seller will instruct the vessel’s Master to send to buyer or buyer’s designated Agent ETA notice every Twenty-four (24) HOURS 48/24/12 hours prior to arrival at port of discharge. Notice of readiness, (N.O.R.) is to be tendered only during working hours, i.e. between 08.00 and 16.00 hours.

7.3 DETAILS OF LOADING ADVICE: Within 4 hours after lifting of each shipment vessel’s Mater shall advice to Buyer all details concerning lifting, such as gross and net quantity in metric tons and long tons, and in barrels (barrel shall mean 42 US gallons); the full specification of the crude oil, the date of the Bill of lading, and the date of selling; ETA at the port of discharge, the name of the vessel tanker, flag and all other pertinent and customary information.

7.4 TITLE AND RISK: Title to and risk of loss or damage to the crude oil shall pass from Seller to buyer upon discharge as the crude oil is discharged in the buyers shore tanks.

8.0 LAY-TIME

8.1 TIME ALLOWED FOR DISCHARGING: The time allowed for discharge of the vessel shall be 36 running hours. Lay-time shall begins to run six (6) hours N.O.R. when the vessel is fast at berth; which ever occurs first, and notice has been tendered by the master of the vessel. Except that. Sundays and holidays, unless used, would not count, nor would weather prevented loading/discharging delaying count as time during which discharge could not be executed, owing to technical and other conditions depending on the tanker, and such events or occurrences are not to be included in the Lay-time.

8.2 Discharge shall he deemed to be completed /upon disconnection of hoses, and certification of as agreed to above as the quantity and quality, which inspection shall be completed in no more than twelve (12) hours from the time of berthing of the vessel and commencement of discharge at the Buyer’s designated shore tanks.

8.3 STAND-BY TUG BOAT:

A It is the Seller’s obligation to provide tug boat(s) at its cost during the entire time the ship is berthed at the plex’s sea berth at lifting.

B. All relevant expenses (i.e. Pilot age, towage, launching tugs and stand-by tug boats, agency fell, quay dues, port workers dues, any other expenses due such as taxes relevant to vessel and/or cargo, etc) are for the Seller’s account, at lifting.

C. Buyer’s obligation at the discharge port shall be for those expenses incurred to facilitate and accommodate the discharge at Buyer’s shore tanks.

8.4 DEMURRAGE: Demurrage incurred at discharge port only, if any, shall be calculated at charted party rate. Copy of this section will be provided to the Buyer from the Charter Party Agreement. All customs formalities, if any, at the port of discharge will be taken care of by the Buyer.

9.0 CLAIMS FOR DEMURRAGE:

9.1 At port of discharge, Buyer shall be liable for demurrage in the event of delays due to the direct default of Buyer, and shall be calculated at Charter party rate, or in absence of Charter party, then at the market rate for the size of the tanker used. This rate shall be used in the calculation of demurrage, if time used for discharge exceeds the lay-time according to the provisions of this agreement.

9.2 CLAIMS FOR DEMURRAGE:

Claims shall be made in writing and supported by documents to be sent within maximum sixty (60) hours after loading or discharging, and shall be settled within thirty (30) hours from receipt of such document.

9.3 Any delays or demurrage resulting from Seller’s action or in action shall be at the cost of Seller.

10.0 FORCE MAJEURE & HARDSHIP:

Performance, liability, contract suspension and Modification: In event of any delay in performance by either party due to any occurrence arising for a normal event of force Majeure attributable to acts, events, or happenings, omission, accidents, or Acts of God beyond the reasonable control of the party to perform (including but not limited to strikes, lock out, storage or labor, civil commotion, riots, war, threat of, or preparation for war, breaking of diplomatic relation, fire explosion, abrogates, storm, flood, earthquakes of subsistence, pestilence, of or epidemics, machinery breakdown, failure of plant or collapse of structure, voluntary or mandatory compliance with any directions, requisition for materials or service stated to be for the purpose of defense, or inability to obtain suitable transportation), the party so delayed or prevented to perform shall be under no liability for loss or injury suffered by the other party, thereby upon giving a de******ion of the nature of the Force Majeure, and its cause and possible consequences, and this such cessation of cause of delay of the other party, this contract shall again become fully operative, provided that as a result of such delay any modification of the terms of the contract or a modification or cancellation should be amended, this contract be so modified.

11.0 ARBITRATION: All disputes in connection with this contract, or the execution thereof, shall be settled by amicable negotiation; venue to be London, England and in the English Language In the event where no settlement can be reach, the case under dispute shall be finally settled under the rules of reconciliation and arbitration of the International Chamber of Commerce, Paris by one or more arbitration in accordance with said rules. The decision of arbitration board shall be accepted as final and binding. The prevailing party shall be entitled to reasonable cost and attorney’s fees.

12.0 NON-DISCLOSURE/NON-CIRCUMVENTION AGREEMENT

The non-disclosure, no-circumvention bilateral agreement has been reached between the parties to this contract, and is understood to be, an integral party of this contract.

13.0 ENGLISH LANGUAGE:

This parties confirm that this agreement as well as any document relating hereto have been and shall be drawn up in English only.

14.0 ENTIRETY:

This agreement constitutes the entire understanding of the parties with respect to the subject matter herein. No modification or amendment shall be effective unless in writing and jointly signed by a duly authorized representative.

15.0 VALIDITY:

The parties hereby agree that this contract shall become valid and operational if and when signed in Counterpart. Any copies of this contract and all related documents to be executed may be delivered by hand, courier or facsimile transmission. In the event of the delivery of any or all of the documents by hand, courier or fax transmission, the recipient thereof shall consider such delivery to constitute delivery of the original contract document. Notwithstanding the above, the delivery by hand or courier of the original hard copies shall be construed to invalidate and replace all other prior executed.

16.0 PENALTY CLAUSE:

If the buyer timely issues the seller with proof of funds and lifting does not commence as scheduled or delivery does not take place as agreed to herein, then in such event seller be in default and therefore liable to pay the buyer, in immediate funds, the cost of buyer’s proof of fund, without consideration to any other right of buyer.

17.0 PROCEDURES:

17.1 Acceptance

17.2 Buyer and Seller initial each page and sign the Agreement.

17.3 The Seller gives Verifyable vessel name, call letters, captains name of the vessel that is to load for cif delivery and copy of the pre-paid aspatankvoy charter party in order for buyer to open the documentary letter of credit.

17.4 The Buyer issues Documentary letter of credit as proof of funds will be binding until cargo is delivered to buyer’s port then buyer will be required to make cash payment by Telegraphic Transfer to Seller’s Bank Account AFTER ALL DOCUMENTS ARE PRESENTED AS IN THE TEXT OF THE DOCUMENTARY LETTER OF CREDIT which will be furnished by the seller after the time of cargo delivery.

By signing this Agreement in the places provided herein below, the Seller and the Buyer agree to be bound by the provision hereof.

In witness thereof, both parties hereof have signed and dated this contract with the corporate sealing respectively on the date mentioned above.


my number is 08134340380.

kyngtut: SELLERS NEEDED:

REPLY FROM BUYER:
EUROPEAN BUYER INSISTS ON THESE 2 PROCEDURES OR THEY WON'T DEAL. "THEY ADVISED IF NONE OF THE TWO PROCEDURES ARE NOT ACCEPTABLE TO SELLER THEN THEY WILL PASS ON THIS. IF SELLER CAN AGREE TO ANY OF THESE PROCEDURE BELOW, SPA MUST HAVE EITHER THE EXACT PROCEDURE#1 OR #2 OR THEY WILL NOT SIGN SPA".

If you cannot accept buyers terms, no need for questions asking if they accept this or that. They have a seller working on these terms they simply need more BLCO to total 50 million barrels per month.



CIF Europe - 10/6
Quantity - 2 - 4 million barrels monthly for 12 months
Delivery: CIF

PROCEDURE#1

a. Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks.
b. Seller instructs his bank to issue a BANK LETTER STATING THAT SELLER IS IN GOOD STANDING AND HE MAINTAIN A GOOD TRACK RECORD WITH THE BANK ON A PREVIOUS BLCO TRANSACTION THAT SELLER HAD FULLY PERFORMED AND THE BANK MAINTAIN ALL THE RECORDS.
c. Buyer instructs his bank to issue a SBLC to the seller's nominated Bank for payment upon successful Q & Q inspection at the Buyer's agreed China Discharge port (xxxxxxxx)
d. Seller confirms the SBLC and then nominates and loads a vessel.
e. Buyer provides destination Port/Tank farm Information (Habour Master & Shipping Agent details) to Seller.
f. Seller instructs his Ship Master to send NOR/ETA to buyer’s agreed Discharge Port and Copy to Buyer.
g. Seller issues the complete shipping documents to the buyer in the buyer's name to enable the buyer process the cash payment for the cargo after delivery at the buyer's agreed port.
h. The vessel proceeds to the agreed Discharge port of destination, then buyer will be provided ATB to conduct inspection.
i. Upon vessel arrival at the buyer's agreed Discharge port of destination, buyer's inspectors conducts Q & Q on board the vessel.
j. Vessel delivers crude oil at buyer's agreed Discharge port. Within 24 banking hours after delivery of crude oil at a Discharge port and presentation of Seller's invoice and shipping documents, showing the Buyer designated as the consignee of the cargo, at the desk of Buyer's bank the Buyer pays via MT103 for the crude oil as per the Final Q &
Q Report issued by independent inspector at the port. Payments are made by SWIFT wire transfer directly to the Seller’s nominated account and all beneficiary agent's nominated bank accounts and commission agents as stipulated in the SPA and IMFPA.
k. In the event payment due date falls on a Saturday or a banking holiday other than a Monday, then payment will be effected on the preceding banking day.
l. The instrument shall be in the form of agreed between Seller’s and Buyer’s banks.
m. The Seller and Buyer each shall be responsible for their own bank charges.

CIF PROCEDURE#2

1. Seller signs and seals the contract and dispatches to the Buyer in form of email, Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail. Parties deposit copy of the signed contract with their banks for record and information.
2. Within Three banking days after signing of Agreement between Buyer and seller. Seller’s bank shall open communication with Buyer’s bank via Swift MT999 confirming RWA to issue by swift, an operative and fully cash-backed 2% performance guarantee bond (PGB) on behalf of the Seller and in favour of the Buyer upon receipt from the Buyer’s bank a fully cash-backed MT760 payment instrument for the value of the entire cargo and in favour of the Seller. (See verbiage in ANNEX “A“).
3. Within 72hrs of 2 above, the Buyer’s bank shall issue to the Seller’s bank by swift MT760 covering the full cost of the 2MBBLS of crude oil in favour of the Seller. (See verbiage of MT760 in ANNEX “B“).
4. Seller’s bank within 72 banking hours of receiving and confirming the MT-760 from Buyer’s bank shall issue by swift an operative, fully cash-backed 2% Performance bond to Buyer’s bank in favor of Buyer.
5. Seller shall nominate and program the vessel with NNPC loading terminal at Bonny Anchorage for loading in the name of the Buyer. Vessel is loaded in buyer’s name and then issue FULL ETA to buyer’s port of discharge and receives their NOR. Seller now forwards all the soft copies of the issued POP to the Buyer for their information.
6. Vessel set sail to buyer’s port of discharge announcing her ETA intermitently to Buyer’s POD.
7. Within 24hrs of arrival at POD, the Buyer’s nominated inspectors (SGS) shall conduct Q&Q certification inside the Seller’s vessel at Buyer’s expense. After quality and quantity of the cargo has been firmly established and confirmed by Buyer’s SGS report, colloborating the initial SGS report at POL, the Buyer shall confirm in writing to his bank and copy the Seller’s bank and the Seller, his acceptance of the Q&Q report volume as FINAL BASIS FOR PAYMENT upon receipt of the cargo documents and the Seller shall then authorize cargo to be discharged into the Buyer’s receiving storage facility.
8. The Seller shall collate all Original cargo documents issued to the order of the Buyer as „CONSIGNEE“ and forward them bank to bank to the Buyer for final payments. The trade documents to be issued shall include but not limited to the following:
i. Clean Ocean Bill of Lading, One (1) Original and three (3) copies
ii. Seller’s Commercial Invoice, One (1) Original and three (3) copies
iii. SGS/Say bolt Certificate of Quality and Quantity, One (1) original and three (3) copies.
iv. Certificate of Origin issued by NNPC, One (1) Original and three (3) copies
v. Certificate of Authenticity issued by NNPC, One (1) original and three (3) copies
vi. Master’s receipt for Samples
vii. Master’s receipt for Documents
viii. Cargo Manifest
ix. Certificate of Ownership/Warrantee of Title and ATS Duly Assigned to the Buyer.

guy007: My buyers are in the USA, and i speak with the mandate directly,,pls no long chain,, i need genuine BLCO sellers with the best procedure pls,, if ypu r not authentic don't bother to send me and document,, i need pop and spa with verifiable docs ,

pls i m begging again ,it no games here

ruemu77@gmail.com

elvalentino: Good day people please i need a genuine seller that can meet my buyer's procedure, please i will want only seller or seller's mandate to respond to this post. this a buyer that has bought true us before just that the seller that sold to us then do not have any allocation for now and we can't be waiting for him to re-new his allocation.
below are my buyers procedure.

CIF
1.Quantity


After successful lifting of first 2 spot lots/shipments of 2 million barrels each (4 million barrels total) , the 12 months contract will be automatically effected.

Therefore 4 million barrels per month +/- 10% in 2 separate spot lots/shipment of 2 million barrels each of crude oil. Both parties may consider additional deliveries, as agreed, after successfully completing these first 2 shipments. The shipments are monthly and the duration of this contract is for a period of (12 Months) with rollover and extension.

2. Payment Terms

The payment will be in US Dollars and made by irrevocable, non transferable, confirmed Documentary letter of Credit (DLC) / MT 103 from a prime Bank in favour of the SELLER to its authorized/approved bank. The DLC shall be issued / confirmed by a top rated World Bank in favour of the Seller in the amount of US Dollars equivalent to first spot cargo shipment (2 million barrels) and therein under DLC will be separately reinstated for all subsequent cargo shipments of 2 million barrels till the contract life becomes exhausted.


3. PROCEDURE: CIF

A.Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable and must not be changed. The executed SPA is lodged in their respective banks.

B. Seller SENDS PROOF OF PRODUCT DOCUMENTS TO THE BUYER VIA EMAIL, BILL OF LADING, MASTER’S RECEIPT, Q&Q CERT AND THE DISCHARGE CERTIFICATE FOR THE LOADED VESSEL AND OTHER RELATED DOCUMENTS. THE CONSIGNEE ON ALL PROOF OF PRODUCTS DOCUMENTS MUST MATCH SELLER’S NAME ON THIS SALES PURCHASE AGREEMENT.

C. SHIPMENT UPON VERIFICATION OF THE PROOF OF PRODUCT DOCUMENTS, VERIFICATION OF CARGO AND VESSEL POSITION DIRECTLY WITH THE LOCAL AGENCY, subsequent single shipments till the contract life becomes exhausted.VESSEL CAPTAIN, BUYER PLACES DLC , FOR THE VALUE OF each spot single (2 Million barrels) and will reinstate DLC for all

D. SELLER INSTRUCTS THE VESSEL CAPTAIN COMPLETE SECURITY FORM AND return to shipping agent/habour master, issue eta AND PROCEED TO THE DELIVERY PORT (intended HALIFAX EAST coast of canada) FOR DELIVERY OF THE CARGO.

E. The VESSEL IS OFF LOADED INTO THE BUYER’S SHORE TANKS AND INSPECTED BY SGS (OR EQUIVALENT) TO DETERMINE THE FINAL COMMERCIAL INVOICE VALUE AND TO CONFIRM THE CARGO’S QUALITY. IF CARGO SPECIFICATIONS ARE THE SAME AS THE CARGOS’S SPECIFICATION FROM THE Q&Q INSPECTION AT THE LOADING PORT, BUYER IMMEDIATELY ACCEPTS AND SIGNS THE SGS REPORT AT THE DELIVERY PORT AND SENDS A COPY TO THE SELLER.

G. Within 5 days OF VERIFICATION OF THE SGS REPORT AT THE DELIVERY PORT, BUYER PAYS FOR THE CARGO VIA swift MT103 /CASH WIRE IN FAVOR OF THE SELLER’S /ENDORSES TITLE AND ACCOUNT. SELLER TRANSFERS ALL RELEVANT DOCUMENTS TO BUYER.

H. THE NEXT SHIPMENT COMMENCES.

BEST REGARDS
CAPT. VAL AJOKU
MD HARCHEZ SERVICES LTD
md_harchez@ymail.com
+2348036735771 -NG
+447404980769 -UK

guy007: My buyers are in the USA, and i speak with the mandate directly,,pls no long chain,, i need genuine BLCO sellers with the best procedure pls,, if ypu r not authentic don't bother to send me and document,, i need pop and spa with verifiable docs ,

pls i m begging again ,it no games here

ruemu77@gmail.com