| |
*NNPC TERMINAL APPROVED ON- SHORE TANK FARM STORAGE IN CHINA FOR DIP-TEST/CIQ INSPECTION OF 6-10, MILLION BARRELS OF BLCO.*
||-----------------------------------
*PRESENTED BY:*
SELLER'S AUTHORIZE MANDATE.
||-----------------------------------
*PLS TAKE NOTE:*
||-----------------------------------
We shall issue Chinese and English *Proof Of Product Documents* to the buyer as the consignee of the product through *NNPC Terminal official email domain,* after the receipt and confirmation of the buyer's SBLC/MT760 or MT799 block fund instrument by swift.
||-----------------------------------
*PRICE DISCOUNT:*
||-----------------------------------
$10/6 USD.
TERMS: DIP TEST/CIQ
PRODUCT: BLCO
ORIGIN: NIGERIA.
QUANTITY: 6-10 MBBLS.
||-------------------------------------
*PROCEDURE FOR ON-SHORE TANK FARM STORAGE FACILITY IN CHINA*
||-----------------------------------
1). BUYER OFFICIALLY WRITE A LETTER OF ACCEPTANCE ADDRESS TO THE NNPC TERMINAL ADDRESS AS PROVIDED BELOW, CONFIRMING BUYER'S WILLING AND READINESS TO ACT ACCORDING TO THE NOMINATED PROCEDURES FOR THE PURCHASE OF THE SAID COMMODITY AND SELLER SENDS COPY OF THE LETTER TO NNPC TERMINAL FOR ACKNOWLEDGMENT.
THE TERMINAL CHIEF SUPERINTENDENT
NIGERIA NATIONAL PETROLEUM CORPORATION (NNPC)
BONNY TERMINAL
BONNY ISLAND,
PORT HARCOURT,
RIVERS STATE,
NIGERIA.
ATTENTION: DR. JACOB BELLO.
THROUGH: *BENTES ENERGY CONCEPT RESOURCE LTD.*
2). SELLER ISSUES PRE- SIGNED CONTRACT/SPA AND BUYER SIGN CONTRACT AGREEMENT SEALED WITH FULL BANKING COORDINATES OF BOTH PARTIES AND THEIR AGENTS, INCLUDING THE BANKING ACCOUNTS COORDINATES/ DETAILS TO ISSUE SBLC/MT760 OR MT799 BLOCK FUND INSTRUMENT BY SWIFT.
3). BUYER RETURN DULY SIGNED CONTRACT/SPA ATTACHED WITH THE FOLLOWING REQUIREMENTS AS STATED BELOW TO SELLER FOR CONFIRMATION.
*(A). CUSTOMER INFORMATION SHEET (CIS).*
*(B). BUYER'S PASSPORT DATA PAGE.*
*(C). CERTIFICATE OF INCORPORATION.*
*(D). INSPECTORS DETAILS.*
4). SELLER CONFIRMS TO BUYER THE RECEIPT OF THE ABOVE-MENTIONED DOCUMENTS AND SELLER LODGED THE DULY SIGNED CONTRACT AGREEMENT WITH THE BANKS OF THE RESPECTIVE PARTIES FOR RECORD PURPOSE.
NOTE: THE SWIFT COPY OF THE BANK SBLC/MT760 OR MT799 BLOCK FUND INSTRUMENT MUST BE SENT FROM THE BANK EMAIL TO THE NNPC FIDUCIARY NOMINATED BANK/EMAIL: XXXXXXXXXX, DIRECTLY AND KNOW NO THIRD PARTY THIRD-PARTY COPY WON’T WILL BE ACCEPTED.
5). SELLER AUTHORIZE BUYER TO INSTRUCT HIS BANK TO PROCEED WITH THE ISSUANCE OF BANK SBLC/MT760 OR MT799 BLOCK FUND INSTRUMENT BY SWIFT TO THE NNPC ACCREDITED FIDUCIARY NOMINATED ACCOUNT AS PROVIDED TO THE BUYER.
6). BUYER ISSUES SBLC/MT760 OR MT799 BLOCK FUND INSTRUMENT BY SWIFT TO THE SELLER'/NNPC ACCREDITED FIDUCIARY NOMINATED BANK AND AFTER THE RECEIPT AND SUCCESSFUL CONFIRMATION OF THE BUYER'S SBLC/MT760 OR MT799 BLOCK FUND, *SELLER/NNPC ISSUES CONTRACT ACKNOWLEDGMENT/ CONFIRMATION LETTER* TO THE BUYER.
7). SELLER/NNPC TERMINAL ISSUES THE FOLLOWING CHINES AND ENGLISH PROOF OF PRODUCT DOCUMENTS IN THE BUYER'S NAME AS CONSIGNEE AS STATED BELOW THROUGH NNPC TERMINAL OFFICAL EMAIL DOMAIN TO THE BUYER;
-A). DIP TEST AUTHORIZATION LETTER (DTAL)
-B). CHINESE TANK STORAGE RECEIPTS (TSR)
-C). CHINESE ENTRY CERTIFICATE
-D). CHINESE CUSTOMER CLEARANCE CERTIFICATE
-E). SELLER RELEASE CHINESE TANK FARM MANAGER PHONE NUMBER, EMAIL ADDRESS AND SELLER ARRANGE FOR BUYER AND CHINESE TANK FARM MANAGER FOR FACE TO FACE PHYSICAL.
-F). STORAGE TANK FARM NUMBERS, ADDRESS, LOCATION AND DETAILS OF TANK FARM
-G). STORAGE CERTIFICATE IN ENGLISH AND CHINESE LANGUAGES
-H). CARGO DISCHARGE CERTIFICATE (CDC).
8). BUYER ISSUES ACKNOWLEDGMENT LETTER TO SELLER/NNPC TERMINAL FOR THE RECEIPT OF THE ABOVE MENTIONED PROOF OF PRODUCT DOCUMENTS AND THE BUYER NOMINATED CIQ INSPECTION AGENT PERFORM QUALITY AND QUANTITY TESTS.
9). WITHIN 72 HOURS BANKING DAYS, THE BUYER’S INSPECTORS ISSUES INSPECTION REPORT, THE LOCATION OF CIQ BEING TAKEN PLACE AT THE ON-SHORE TANK FARM AT THE QINGDAO TANK FARMS LOCATIONS.
10). WITHIN 5 BANKING DAYS AFTER CIQ, Q/Q REPORT HAVE BEEN RELEASED TO BOTH PARTIES, BUYER PAYS THE TOTAL COST OF PRODUCT, AFTER SELLER HAVING SUBMITTED FULL SHIPPING DOCUMENTS ALONG WITH COMMERCIAL INVOICE AND CIQ Q/Q REPORTS VIA MT103 TO SELLER/NNPC NOMINATED FIDUCIARY BANK ACCOUNT.
10). SELLER/NNPC CONFIRMS THE RECEIPT OF THE BUYER'S PAYMENT VIA MT103 IN FAVOUR OF THE NNPC NOMINATED BANK ACCOUNT AND SELLER/NNPC TERMINAL RELEASE THE REQUIRED QUANTITY OF THE NIGERIA BONNY LIGHT CRUDE OIL (BLCO) TO BUYER BY THE ISSUANCE OF NEW NEW OWNERSHIP TITLE CERTIFICATE IN BUYER’S NAME AS THE CONSIGNEE.
11). BUYER TAKE DELIVERY OF THE QUANTITY OF THE NIGERIA BONNY LIGHT CRUDE OIL (BLCO) FROM STORAGE TANK WITH NNPC OWNERSHIP TITLE CERTIFICATE.
12). AFTER COMPLETION OF THE FIRST 6-10 MILLION BARRELS OF NIGERIA BONNY LIGHT CRUDE OIL (BLCO) DELIVER SUCCESSFULLY, BOTH PARTIES MUTUALLY AGREED TO RE-NEGOTIATE FOR THE NEXT TRANSACTION WHICH FOLLOWS FOR ONE YEAR CONTRACT.
||-----------------------------------
END OF TRANSACTION
|
