₦airaland Forum

Price is 167 Less 2

‎PROCEDURES:
TRANSACTION PROCEDURE 
1.Seller and Buyer sign and seal this Contract with 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. Seller also sends vessel details to buyer for confirmation. 

2a.Buyer returns SPA with his ATB/NOR/DTA Format

2b. Seller releases cargo documents for further confirmation by buyer. Buyer confirms and issues seller N20,000,000 bank Draft to seller and sends hardcopy to seller's bank. 

 3. Upon confirmation of bank draft, seller issues Marine ATB and clearance to buyer 's Supercargo and Inspector to come on board.

4. Buyer's Supercargo and Inspector boards pregnant vessel in Lagos waters, confirms product and inspector comes down with sample. 
Seller cash the N20m bank Draft.

5.  ‎Buyer's independent inspection company conducts independent Q&Q. The results are sent to buyer's and seller's bank. 

6. Buyer pays for entire cargo via MT103/Wire Transfer to Seller and all the bank details on the contract 

Contact 07067214849 (Buyers only)

CIF

PRICE IS
$9 Gross
$6 Net Discount
$3 Commission on $1.50/$1.50 basis

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Buyer issues an LOI to seller, enclosing the name of his transaction bank. Seller confirms and Issues SPA.
Seller & Buyer sign and seal SPA containing both BUYER'S & SELLER'S NOMINATED BANKING DETAILS. Both parties lodge the fully executed SPA with their respective
banks.

2. Seller sends to buyer his current NNPC Mandate Letter, that shows his express rights to lift/sell/export on behalf of NNPC. Seller also sends his NNPC Fiduciary Authorization, that confers on him the right to receive financial instruments on behalf of NNPC. Seller also sends past performance documents of vessels he has loaded in 2016 and before.

3. Buyer confirms documents and immediately buyer's prime world bank issues to seller's bank(CITI BANK NEW YORK) on behalf of seller via authenticated telex SWIFT an MT799 Pre-advice (RWA) on seller's verbiage. Buyer sends a copy of the instrument to seller for follow up with his bank.

4. Seller/Seller's bank confirms buyer's RWA and immediately seller nominates a vessel and loads it in buyer's name whereby all the loading documents including ATS will show buyer's name as principal consignee of cargo. Seller sends such covering documents to buyer/buyer's bank.

6. Buyer confirms documents and issues to Seller and MT760 OR MT799 Blocked Funds for the entire cargo. Seller confirms instrument and instructs vessel master to issue a Marine Telex NOR/ETA to buyer's exit refinery/discharge port/harbor master/inspection company. Vessel master immediately set sail to the agreed location upon buyer's receipt and confirmation of the NOR/ETA.

8. Upon arrival, Captain of the loaded vessel announces her presence to the Port/ Naval authority of the Take-Over/Q&Q port, even as theBuyer's Shipping Agent clears in the vessel to come close to between 15-25 Nautical miles off the coast of the country and issues Marine ATB to Buyer's Inspectors to come onboard for Q&Q inspection immediately. Q&Q is done at Buyer's expense and the report is released to both parties within 48hours.

9. Seller's bank Send Final invoice for payment with respect to Q&Q Inspection report, immediately Buyer's Bank issues SWIFT MT103/23 to seller's bank covering the total cost of cargo and agent's commission.
Seller's confirms and issues to buyer/buyer's bank original hard copies of the cargo documents in buyer's name. MT103 become cash.

10. Vessel either discharges into buyer's storage OR buyer takes over vessel with the help of seller. Vessel sails to Buyer's preferred Destination port.
11. End of transaction. Another roll-over starts.







CIF
PRICE IS
$9 Gross
$6 Net Discount
$3 Commission on $1.50/$1.50 basis

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Buyer issues an official letter to seller confirming his acceptance of this procedure and price structure and requests for the contract and verbiage of the instrument.
Seller & Buyer sign and seal Sales/Purchase Contract Agreement
(SPA) containing both BUYER'S & SELLER’S NOMINATED BANKING DETAILS and the numerical information of seller's allocation that buyer will be serviced from. Also Signed SPA must come along with buyer's port of discharge port details/harbor master. Both parties lodge the fully executed SPA with their respective Banks.

2. Seller sends his current mandate letter to buyer, showing his express rights to lift/sell/export crude oil on behalf of NNPC. Seller can also send his past performance documents as proof of capability.

3. Buyer confirms, and buyer's bank replies by SWIFT and issues to seller’s bank on behalf of seller via authenticated telex SWIFT an operative and irrevocable SBLC/MT700 LC for the entire cargo. Buyer sends a copy of the instrument to seller for follow up with his bank.
The verbiage of the SBLC/MT700 LC will state that upon receipt and confirmation of the buyer's instrument, it is binding upon seller and seller's bank to respond to buyer's SBLC/MT700 LC with 2% of the instrument value as Performance Bond.

4. Seller/Seller's bank confirms buyer's instrument and immediately seller's bank post via SWIFT to buyer's bank 2% of the SBLC value as performance bond, and send the SWIFT telex copy to buyer for confirmation with his bank. Buyer's bank confirms receipt of seller's 2%PB.

5. Seller sends list of available vessels that are charter-able and without any encumbrances to Buyer to choose from. Seller nominates a vessel and Details of Vessel is sent to NNPC Marine Transport Department for Programming of Loading Window & issuance of LAYCAN.

6. Vessel is loaded. Buyer furnishes Seller with details of his independent inspectors at his Take-Over port/point.

7. Seller secures Export Clearance Permit and full Cargo documentation in buyer's name as principal consignee of cargo, Loaded Vessel Captain sends Marine NOR to Buyer/Buyer's inspectors. Loaded vessel sails to Buyer's Take-Over port/point.

8. Upon arrival, Captain of the loaded vessel announces her presence to the Port/ Naval authority of the Take-Over port/point, even as the Buyer's Shipping Agent clears in the vessel to come close to between
15-25 Nautical miles off the coast of the country and issues Marine ATB to Buyer's Inspectors to come onboard for Q&Q inspection immediately. Q&Q is done at Buyer's expense and the report is released to both parties within 48hours. Then Buyer's bank places MT103/23.

9. Seller hands-over original hard copies of cargo documents to Buyer's for confirmation and payment
Against document.
a. Clean - On - Board Ocean Bills of Lading.
b. Certificate of Quantity (SGS or equivalent).
c. Certificate of Analysis (optional).
d. Certificate of Origin.
e. Certificate of Quality.
f. Seller's Commercial Invoice.
g. Vessel Ullage Report (optional).
h. Receipt of Samples (optional).
i. Cargo Manifest.
10. Seller's bank Send Final invoice for payment with respect to Q&Q inspection report, immediately Buyer's Bank swift’s total purchase
Price of the product and the commission within 72 hours as per SPA.

11. Vessel sails to Buyer's preferred Destination port.

12. End of transaction. Another roll-over starts.



TTO West Africa Ghana

PRICE IS
$12 Gross
$8 Net Discount
$4 Commission on $1.50/$1.50 basis

PURCHASE PROCEDURE:
Nominations, Shipment & Transaction Procedures

1. Buyer issues an LOI to seller, enclosing the name of the his transaction bank. Seller confirms.
Seller & Buyer sign and seal Sales/Purchase Contract Agreement
(SPA) containing both BUYER'S & SELLER'S NOMINATED BANKING DETAILS. Both parties lodge the fully executed SPA with their respective
banks.

2. Seller sends to buyer his current NNPC Mandate Letter, that shows his express rights to lift/sell/export on behalf of NNPC. Seller also sends his NNPC Fiduciary Authorization, that confers on him the right to receive financial instruments on behalf of NNPC. Seller also sends past performance documents of vessels he has loaded in 2016 and before.

3. Buyer confirms documents and immediately buyer's prime world bank issues to seller's bank(CITI BANK NEW YORK) on behalf of seller via authenticated telex SWIFT an MT799 Pre-advice (RWA) on seller's verbiage. Buyer sends a copy of the instrument to seller for follow up with his bank.

4. Seller/Seller's bank confirms buyer's RWA and immediately seller nominates a vessel and loads it in buyer's name whereby all the loading documents including ATS will show buyer's name as principal consignee of cargo. Seller sends such covering documents to buyer/buyer's bank.

6. Buyer confirms documents and issues to Seller an MT799 Blocked Funds for the entire cargo. Seller confirms instrument and instructs vessel master to issue a Marine Telex NOR/ETA to buyer's exit refinery/discharge port/harbor master/inspection company. Vessel master immediately set sail to the agreed NM off Ghana international waters upon buyer's receipt and confirmation of the NOR/ETA.

8. Upon arrival, Captain of the loaded vessel announces her presence to the Port/ Naval authority of the Take-Over/Q&Q port, even as theBuyer's Shipping Agent clears in the vessel to come to agree Nautical Miles (10 to 15) and issues Marine ATB to Buyer's Inspectors to come onboard for Q&Q inspection immediately. Q&Q is done at Buyer's expense and the report is released to both parties within 48hours.


10. Seller's bank Send Final invoice for payment with respect to Q&Q Inspection report, immediately Buyer's Bank issues SWIFT MT103/23 to seller's bank covering the total cost of cargo and agent's commission.
Seller's confirms and issues to buyer/buyer's bank original hard copies of the cargo documents in buyer's name. MT103 become cash.

11. Vessel either discharges into buyer's storage OR buyer takes over vessel with the help of seller. Vessel sails to Buyer's preferred Destination port.
12. End of transaction. Another roll-over starts.


+2348059759721
uwamleeka@yahoo.com

Quantity: 50,000,000MT
Price: N55 gross
Procedure:

3.1 Buyer (Party B) counter-signs this MOU, and sends a copy of it and the LOI to the Consultant seller

3.2 The consultant seller sends buyer (Party B) an acknowledgement letter from NNPC/PPMC in response to buyer's LOI, buyer confirms letter of acknowledgement and instructs his bank to send to consultant seller's bank, an Irrevocable Bank Payment Undertaken (IBPU) covering all commissions to be paid after the allocation is awarded in the format specified by the buyer

3.3 The Consultant seller confirms the IBPU and arranges a meeting between the main handlers, NNPC Agents/facilitators (Party A) and the Buyer (Party B) in Abuja thus disclosing the venue and time.

3.4 The Buyer (Party B) MUST now come along with hard copies of their Letter of Intent, the acknowledgment letter,the IBPU and signed copy of the MOU to the venue of the meeting in Abuja.

3.5 The main handlers/NNPC Agents and the Buyer moves to relevant office for submission of the credentials. The allocation is processed within 3 weeks of business days.

3.6 The Allocation papers is released and the Buyer (Party B) SWIFT payment immediately to the nominated Bank Accounts of NNPC/PPMC, the Consultant, and commission Agents/Facilitators.

Contact me; uwamleeka@yahoo.com
07067214849

SELLER AND BUYER SIGN THIS SALES AND PURCHASE AGREEMENT(CONTRACT), WITH BOTH PARTIES BANKING DETAILS AND DEPOSIT SAME WITH THEIR RESPECTIVE BANKS


BUYER RETURNS EXECUTED CONTRACT WITH AN R.W.A (READINESS, WILLINGNESS & ABILITY) SWIFTED FROM HIS BANK TO SELLER'S BANK AND COPIES SELLER. (BUYER WILL ALSO RETURN WITH HIS SUPER CARGO AND INSPECTOR FULL DETAILS)


SELLER ISSUES MARINE ATB TO BUYER AND BOARD BUYER'S SUPERCARGO AND INSPECTOR FOR Q&Q


UPON CONFIRMATION OF PRODUCT, Q&Q IS CONDUCTED,UPON WHICH BUYER PLACES MT103/23 AS PAYMENT INSTRUMENT IMMEDIATELY AFTER THAT AND CALL IN HIS VESSEL FOR TRANSHIPMENT.


BUYER’S BANK EFFECT PAYMENT BY ELECTRONIC TRANSFER TO SELLER'S BANK AND TO ALL OTHER BENEFICIARY BROKERS AS CONTAINED IN THIS EXECUTED CONTRACT.


AFTER CONFIRMATION OF PAYMENT, BUYER RECIEVES FULL CARGO DOCUMENTS AND BUYER VESSEL SAILS.



CALL 07067214849

1. Buyer and seller signs Payment schedule

2. Buyer print payment schedule and take to his bank to endorse the BANK CAPABILITY ASSURANCE footnote on it. Endorsement is bank stamp/seal and bank officer's name and signature

3. Buyer give seller the manually bank endorsed hardcopy of the payment schedule

4. Seller confirm it,and after 72hrs of receiving the bank endorsed payment schedule hardcopy, seller gives buyer a scanned copy of the hard copy of the LPFO allocation paper in buyer's name

5. Buyer confirms softcopy in PPMC/NNPC and block funds in favor of seller and all intermediaries. Seller confirms blocked funds.

6. Buyer and seller meet,buyer sights Hardcopy of Allocation paper in his name. And immediately call his bank to effect payment as per all the accounts in the signed Payment Schedule.

7. Seller confirms payment and gives buyer the Allocation hardcopy and all other Allocation documents.



CALL ME 07067214849

5.1 Seller and Buyer sign the Sales and Purchase Agreement with full banking coordinates. Buyer forwards his ATB Format and S/C and Inspectors scan passport details.

5.2 Seller releases to buyer/buyer's bank an email(ATTESTATION LETTER) sent by the Captain of loaded vessel stating availability of cargo and also copies other relevant e-mails as contained in ATB FORMAT.

5.3 Upon buyer's confirmation of this email. Buyer escrows 10m naira in favor of seller into seller's bank account as shown in the contract.
NOTE: IN THE EVENT WHERE BUYER MAKES THIS ESCROW OF 10m TO SELLER AND BUYER' S/C BOARDS SELLER'S VESSEL AND DOES NOT SEE PRODUCT. SELLER WILL PAY THE BUYER THE BANK CHARGES BUYER INCURED FOR THE ESCROW (Buyer's bank can get written confirmation from seller's bank before going ahead to make the escrow on seller's readiness to pay back the buyer the escrow charges if buyer doesn't see product)

5.4 Upon confirmation of the buyer's 10m naira escrow by seller. Seller immediately issues Marine ATB and NNPC Clearance and boards' buyer's inspectors for confirmation and Q/Q in Nigeria water.
Upon confirmation of product by buyer's S/C, the escrow of N10m becomes cash immediately,which is for logistics. Buyer's Inspector proceeds with collection of sample for Q/Q.
Buyer's S/C MUST remain onboard pregnant vessel until final payment is made for total cargo while Inspector alights.

5.5 Upon successful Q/Q report to both seller and buyer, buyer/buyer's bank issues full payment instrument via MT103 to seller.

5.6 Seller bank confirms the Instrument and seller releases document for full payments.

5.7 Upon receipt of the original shipping documents, the buyer/buyer's bank wires cash payment by SWIFT transfer to the seller's account and to all other parties' accounts simultaneously, as contained in this SPA per Total barrels basis against shipping documents.

5.8 Buyer re-charters the vessel from handlers or owners.

5.9 Buyer's vessel sails to destination



CALL ME ON 07067214849

We have over 200,000 MT of pure AGO for sale. Price is 123 less 2. interested buyers call me 07067214849 or mail requirements to uwamleeka@yahoo.com

A. Price is 12dollars less 5dollars.
B. 5dollars shared equally between buyer and seller parties.
C. 7dollars net discount accrued to buyer.

PROCEDURES:
1. Buyer signs and returns SPA with Proof of funds,ATB format,Supercargo particulars. OR if buyers does not want to give POF,both buyer and seller parties can do verification and confirmation of POP and POF through bank to bank.
2. On confirmation of POP by buyer,buyer places BG of 1M USD
3. Seller brings vessel to buyers desired Q&Q point,then issues ATB for buyer supercargo and inspection team to come on board and carry out Q&Q.
4. 72hrs upon Q&Q report been released simultaneously to both parties,seller cashes the $1m usd
and buyer places an MT-103 for the total cargo in favor of the seller according to the Q&Q result.
5.Seller submits the cargo documents to buyer in buyers’ name, and introduces the buyer to the vessel handlers for purpose of re-charter.
6. After successful re-charter by the buyer, full payment is made to all accounts by Swift KTT wire transfer.
7. Vessel sails to Buyer Discharge port.

If procedure works for you, contact me for SPA 07067214849 or uwamleeka@yahoo.com

This is to inform old and prospective customers that we have LPFO availbale now with valid NNPC allocation papers.
Before soft copy of allocation paper is released, buyer must sign and return SPA, this is to make sure we're dealing with serious people. If you can work with this, contact me and I will send you procedures before SPA.
Contact me on 07067214849 or mail me uwamleeka@yahoo.com