₦airaland Forum

PRODUCT: Crude Oil
ORIGIN: Any Country
SPECIFICATION: According Contract
DELIVERY TERMS: CIF HUANG DAO PORT OF CHINA
PRICE: To the mutually agreed upon by Buyer & Seller
QUANTITY: Min 2BBLs, MAX 10MBBLS Monthly for 12/36/60 Mths
PAYMENT: SGS, CIQ

PROCEDURE:


A: WITH 2% PB
1. After signed SPA, Seller issue Partial POP.
2. Buyer issue RWA/BCL/POF (Non-block Fund)
3. Seller issue Pre-advice 2%PB
4. Buyer issue Operative DLC to acticate Seller,s PB
5. Shipment commence as per contract stated

B: Without 2% PB
1. After signed SPA, Seller issues Partial POP
2. Buyer issues BCL/RWA/POF (Non-Block Fund).
3. Seller issues Full POP of upload port
4. Buyer issues Operative DLC
5. Shipment commence as per contract stated

chams.trading at gmail dot com

Direct from NNPC/SHELL JV OPRS – BONNY TERMINAL
Discount $8/5
CIF WORKING PROCEDURES:

1. Buyer and Seller sign and seal Contract, and exchange the signed copy by electronic mail. The electronic signed copy shall be considered legally binding and enforceable and must not be changed. The Contract shall be lodged in their respective banks, and Buyer returns signed Contract with his port of discharge details (POD).

2. Buyer’s bank sends swift to seller’s bank notifying of buyer’s capability and readiness to issue Standby Letter of Credit (SBLC) in a Pre-advice form.

3. Seller’s Bank post Non-operative 2% Auto Revolving Performance Bond to the Buyer’s Bank in favor of the BUYER in the form of a Documentary Letter Of Credit, drawn on a Prime Bank acceptable to the Buyer and to the Buyer’s Bank, to be activated by Buyer’s instrument.

4. Seller nominates vessel(s) and commences loading immediately within NNPC lifting program and provides full POP (Proof of Products) for buyer’s verifications.

5. Captain issues NOR / ETA to buyer's shipping agents.

6. Vessel(s) sails to Buyer's discharge port.

7. Upon arrival at Buyer's discharge port, Captain shall issue ATB to buyer's inspectors for Q and Q analysis.

8. Upon successful Q and Q including Dip Test, Buyer pays for entire product by Wire Transfer / Swift MT-103 into the Seller's account and Buyer's & Seller's agents' commissions, within 24 hours of cargo discharge, based on out-turn barrels, transfer of ownership and presentation of relevant shipping documents at Buyer's bank counter. Intermediaries, each shall be responsible for their own commission bank charges.

Interested buyers, please contact chams.trading1@gmail.com

Dear sir,

Sorry for the delay of my mail, find below our seller's CIF procedure, his discount Gross $9, Net $5 to the buyer.

Procedure CIF:

7.11.1. Seller issues Sales Purchase Agreement. (S.P.A), Buyer sign's and return with port of discharge and NOR detail.

7.11.2. Buyers bank issues a pre-advise to seller’s bank indicating that it is ready, willing and able (RWA) to issue an MT760 Standby Letter of Credit (SBLC) to be activate upon placement of a 2% PB by seller.

7.11.3. Seller’s fiduciary bank confirms pre-advise (RWA) and issue a 2% Performance Bond to be activated by buyer’s SBLC.

7.11.4. Buyer’s bank issues in favor of seller an MT760 Standby Letter of Credit (SBLC) as per attached verbiage in worth the total cost of the cargo.

7.11.5. Seller nominate, Laycan (Programming), Loads and commences movement of vessel to buyers discharge Port and avails buyer full set of loading documents.

7.11.6. Seller authorizes Vessel Captain to give Notice of Readiness (N.O.R/ETA) to buyers discharge Harbor/Tank.

7.11.7. Seller issues Authority to Board (ATB) to enable buyer’s independent inspector’s board for Quality and Quantity (Q&Q) analysis at agreed designated location.

7.11.8. Upon successful conclusion of Q&Q analysis, buyer issues SWIFT MT-103 to sellers Bank for confirmation.

7.11.9. AFTER Confirmation of SWIFT MT-103 THEN All Original Cargo Documents shall be transferred to Buyer's name.

7.11.10. Transshipment to buyer's Storage Tank commences.

7.11.11. Payment for product and commissions is released to seller's nominated bank; 72 hours after transshipment of product by MT-103 (swift transfer) at out turn barrels upon presentation of the transaction documents at buyer’s bank.


Confirm if is workable for your buyer, then I will send you the SPA.

Very Sincerely,

Alain ZANKLAN
Oil Deal Facilitator

chams.trading1@gmail.com
Skype: chams.trading
+229 96 74 73 51
www.chamstrading.com

I have buyer, please send me your CIF procedure to chams.trading1@gmail.com