BLCO FOR SALE CIF DELIVERY WITH 2%PB
BONNY LIGHT CRUDE OIL FROM NNPC
CIF DELIVERY
QTY: 2M-4M BBL EACH MONTH WITH R&E
PRICE: $10/4
Procedures:
1) Sign Sale & Purchase Agreement.
2) Buyer provides Proof of Funds.
3) Seller’s bank issue 2% non-operative Performance Bond via SWIFT and provides Preliminary Cargo Documents/Partial Proof of Product (PPOP) to buyer thru Buyer’s bank via bank bonded courier and sends copy to buyer’s email address for confirmation and follow up.
4) Buyer’s bank issues Documentary Letter of Credit (DLC) to Seller’s bank to activate Seller’s Performance Bond.
5) Delivery commences and the Seller provides full set of POP to Buyer.
6) Upon positive confirmation of Q&Q report with results that are consistent with the specifications as defined in the Sale and Purchase Agreement, and based on the Q&Q report, the cargo is then discharged into End-Buyer’s tank and report is released within 1 to 2 working days to Buyer’s and Seller’s Bank for reference. The Seller will issue an original hard copy of Commercial Invoice and Pay Order to Buyer’s mailing address with scanned copy to Buyer’s email address together with Air Waybill of the courier service of Original hard copy of Commercial Invoice to enable Buyer for tracking.
7) Buyer shall make FULL payment via wire transfer SWIFT MT103 for cargo in favor of Seller’s nominated account
- Company Name: OLAGROUP SARL
- Country: BENIN
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