NIGERIAN BONNY LIGHT CRUDE OIL READY FOR SALE. THE PROOF OF PRODUCT AND ALL OTHER CONFIRMING DOCUMENTS ARE AVAILABLE. We are United States based FACILITATOR that has professional relationship with sellers in Nigeria that supplies bonny light crude oil. They are licensed by the Nigerian National Petroleum Corporation (NNPC) to export the aforementioned products.
PAYMENT CIF PROCEDURE
1.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
2. Buyer gives
Seller a Non-Operative Letter of Credit (LC) for
one year and one day.
3. Within 5 working days of the Seller’s Bank’s
receipt of the SWIFT Copy of Buyer’s Non-Operative LC, Seller’s bank issues an
Operative 2% Performance Bond to Buyer’s Bank to
make the LC become operational immediately.
4. The Seller’s
Operative 2% PB activates the LC and upon Buyer’ Bank receiving this active 2%
PB, Buyer’s Bank transfer automatically OPERATIVE LC to Sellers Bank.
5. - Buyer shall
instruct its Bank to advise Seller’s Bank by SWIFT or tested telex quoting the
value date
of the transfer, the amount, the invoice number and the clearing bank, if
any. Such
advice is to be
sent in due time so as to enable Buyer’s Bank to credit Seller with
value on due date.
6. - All documents
drawn under and in compliance with the Terms of the Letter of Credit shall be
duly honored upon
presentation, unless otherwise stated. The Letter of Credit shall be
subject to
the Uniform Customs
and Practice for Documentary Credit (1993 revision, International
Chamber of
Commerce, Paris
Publication No. 500).
7. - All Payment Instruments will be presented at the
issuing Bank for payment, as in this contract agreement terms and conditions
and the deliveries and payment are effected according to the contract agreement
herein.
8 -
The Letter of Credit (LC) shall be in the form accepted by the Seller and
meeting International Standard Requirements.
9. - The SELLER and BUYER each shall be responsible
for their own bank charges.
10. The Discount shall be U.S $8.00 below Brent as gross,
U.S $5.00 as net and U.S $ 1.50 to Buyer and Seller’s agents respectively.
11.Seller
shall nominate and Charter the Vessel to be loaded in the name of Buyer and the
CPA and Q88 together with Vessel Owner full Style Address will be issued to the
Buyer upon readiness to ship as soon as all the procedures above are met as
agreed.
Please kindly contact us for your crude oil needs