Home
:: ID  
:: Password  
   
  Free Registration
  Forget ID/Password ?
Crude Oil Bid
Jet Fuel Bid
Fuel Oil Bid
AGO/Gasoline Bid
Crude Oil 
Bunker Oil
Fuel Oil
AGO/Gasoline
Aviation Fuel
L P G
L N G/N G
Base Oil/Lubricants
Bitumen/Cement
Chemicals
Coal/Coke
Metals
Agri/Grains
Equipment/Plants
Project Finance
Currency Ex
Shipping & Storage
Free Trade Zone
Job Center
Event Center
Member List
Glossary
      You are in ::  Home > Crude > Read
Crude Oil Read
Sell :: 16
Buy :: 1
News :: 1
Count : 659
BLCO TANK FARM QINGDAO POP UP FRONT 12/7 2019-04-21
 
Only serious buyers no time wasters please
Contact ma[le17976@yahoo.com for initial DD followed by CC then SPA will be sent
PROCEDURES

PROCEDURES FOR CIF / PAYMENT INSTRUMENT: NOMINATIONS, TANK FARM & PROCEDURES

1. SELLER SIGNS SPA; AND FORWARDS TO THE BUYER, ALONG WITH SCAN COPY OF HIS COMPANY REGISTRATION CERTIFICATE AND INT'L PASSPORT DATA PAGE. BUYER SHALL WITHIN 24 BANKING HOURS, SIGN AND ENDORSE THE SPA WITH HIS CORPORATE SEAL; AND THEN RETURN TO THE SELLER ALONG WITH SCAN COPY OF HIS COMPANY REGISTRATION CERTIFICATE AND INT'L PASSPORT DATA PAGE. BOTH PARTIES DEPOSIT COPIES WITH THEIR RESPECTIVE BANKS.THE ELECTRONICALLY-SIGNED SPA IS CONSIDERED LEGALLY BINDING ON BOTH PARTIES.

2. SELLER ISSUE TO BUYER, ENTRANCE CERTIFICATE/PORT UNION CUSTOM LICENSE AND FULL POP LISTED BELOW
A. The contact details of the shipping agent who did the pre- declaration Clearance.
B. GPS Coordinate - Tank Storage Receipt (TSR)
C. Copy of the Storage tanks lease Agreement.
D. Customs declaration
E. Authorization to sell (ATS), ATS From the Seller to buyer.
F. Fresh SGS Report and CIQ Report when cargo was discharge.
G. Authorization to Verify the Product in Seller's Tank (ATV).



H. Original Bill of Leading I.Certificate of Origin

3. UPON SATISFACTORY VETTING AND VERIFICATION OF SELLER'S ATS AND NNPC LETTER OF ACKNOWLEDGEMENT,
(3B) BUYER ISSUES INSTRUMENT (MT799 BLOCK FUNDS OR MT760 SBLC) FOR THE TOTAL CARGO TO NNPC NOMINATED FIDUCIARY ACCOUNT.
NOTE: IF BUYER GIVES MT760 SBLC NON-OPERATIVE SELLER WILL GIVE 2%PERFORMANCE BOND.
ALTERNATIVELY

4. SELLER/NNPC CONFIRM THE DTA AND INSTRUMENT FOR THE TOTAL COST OF THE CARGO TO NNPC NOMINATED FIDUCIARY ACCOUNT,
NNPC OFFICIALLY RELEASES CHINESE CUSTOM ENDORSED TSR (TANK STORAGE RECEIPT) AND WOT (WARRANT OF TITLE) IN THE NAME OF THE BUYER AND SENDS THE DIP TEST AUTHORIZATION (DTA) LICENSE TO BUYER.BUYER THEN BOOKS APPOINTMENT TO MEET WITH TANK FARM MANAGER IN CHINA FOR A FACE TO FACE MEETING.

5. THE BUYER SHALL NOMINATE CIQ AS INSPECTION AGENT TO PERFORM THE QUALITY AND QUANTITY TESTS.


NIGERIAN NATIONAL PETROLEUM CORPORATION
THIS CONTRACT IS IN ACCORDANCE WITH THE CONTRACT LAW OF THE FEDERAL REPBLIC OF NIGERIA(March 15, 1999) in JOINT VENTURE OPERATORS OF NNPC, SHELL, MOBIL, AGIP, & ELF TOTAL FINAEL



6. WITHIN 5 BANKING DAYS AFTER CIQ Q & Q REPORT HAVE BEEN RELEASED TO BOTH PARTIES, BUYER PAYS THE TOTAL COST OF PRODUCT UPON SELLER HAVING SUBMITTED FULL SHIPPING DOCUMENTS ALONG WITH COMMERCIAL INVOICE AND CIQ Q/Q REPORTS VIA MT103 TO SELLER/NNPC NOMINATED FIDUCIARY BANK ACCOUNT.

7. NNPC CONFIRMS RECEIPT OF THE PAYMENT OF
BUYERS MT 103 AT NOMINATED BANK ACCOUNT, NNPC SHALL RELEASE THE REQUIRED QUANTITY OF BLCO
TO BUYER BY ISSUANCE OF NEW OWNERSHIP TITLE CERTIFICATE IN BUYERS NAME.

8. BUYER SHALL TAKE DELIVERY OF THE QUANTITY OF BLCO FROM STORAGE TANK WITH NNPC OWNERSHIP TITLE CERTIFICATE.

9. UPON COMPLETION OF FIRST 2,000,000 BARRELS DELIVERY SUCCESSFULLY, BOTH PARTIES MUTUALLY AGREED TO RENEGOTIATE FOR THE NEXT TRANSACTION WHICH FOLLOWS FOR ONE YEAR CONTRACT.



 
 Contact Information
Name   Mr. samim qadri 
Company   Member : Swiftnet inc 
Email   Log In to See Email 
   Inquire Now 
Tel   +12053414292 16042831135 
Fax   +16045078543 
Mobile   +12053414292 
Web    
IP   168.211.71.227 

  : 
  back to top
 Copyright © 2004 - 2019 PETROFINDER All rights reserved. :: Term of Use | Privacy Policy |