Crude Oil (Sellers) Published date: August 6, 2019

Contact me if you are looking for a genuine seller of BLCO in West Africa.

PROCEDURE FOR BLCO CIF GHANA WATERS

1- SELLER AND BUYER SIGNS THE CONTRACT WITH THEIR FULL BANK DETAILS AND DEPOSIT SAME WITH THEIR RESPECTIVE BANKS. ELECTRONIC SIGNED COPIES ARE LEGALLY BINDING AND ENFORCEABLE.

2- BUYER RETURNS SIGNED SPA WITH ETA/MATB FORMAT, NNPC ACCREDITED SUPERCARGO AND INSPECTOR DETAILS

3- BUYER PAYS FOR THE TOTAL CARGO BY ISSUING A BANK GUARANTEE (BG) BANK TO BANK IN FAVOR OF SELLER'S NOMINATED BANK ACCOUNT.

4- SELLER CONFIRMS BG AND MOVES VESSEL TO GHANA WATER, SELLER ISSUES MATB AND CLEARANCE TO BUYER’S SUPER CARGO TO GO ON BOARD AND DO QNQ ANALYSIS.

5- SELLER MAKE ANNOUNCEMENT IN FAVOUR OF BUYER COMPANY'S NAME.

6- SELLER RELEASES CARGO DOCUMENTS TO BUYER'S BANK AND THE BUYER'S BANK MAKES ALL PAYMENTS LIKE MENTIONED IN THE SPA (SALES AND PURCHASE AGREEMENT).

7- WITHIN 2 DAYS OF CONFIRMING BUYER’S SWIFT MT760 BG / SBLC, THE VESSEL OF BLCO 2 MILLION BARRELS WILL BE OFFICIALLY ASSIGN IN BUYER’S NAME AS THE CONSIGNEE OF THE PRODUCT BY THE OFFICER IN MARINE AND SHIPPING DEPARTMENT OF THE Nigerian National Petroleum Corporation (NNPC) BONNY TERMINAL (PROOF OF PRODUCT) THE COMPLETE FULL SET OF ORIGINAL SHIPPING DOCUMENTS IN FAVOUR OF THE BUYER:

a) Original and 3 Copies of Commercial Invoice.
b) Full Set of 3 Original and non-negotiable Copies of Bill of Lading.
c) 1 Original and 3 Copies of Certificate of Quantity.
d) 1 Original and 3 Copies of Certificate of Quality.
e) 1 Original and 3 Copies of Certificate of Origin.
f) 1 Original and 3 Copies of Master’s Receipt of Samples
g) 1 Original and 3 Copies for Master’s Receipt of each one-copy document
h) 1 Original Ullage Report issued at loading Terminal.
i) 1 Original and 3 Copies of Cleanliness Report at loading Port.
J.) 1 Original and 3 Copies of Customs clearance certificate
K.) Charter Party Agreement (CPA)
L.) 1 Original and 3 Copies Certificate of Ownership & Warranty of Title.

8- SELLER NOTIFIES BUYER WITH THE VESSEL PARTICULARS / CREW LIST (Q88) AND LOCATION WITH MASTER’S OFFICIAL WRITTEN CONFIRMATION TO THE BUYER.

9- BUYER TAKES OVER THE CARGO 2,000,000 BARRELS WITH THE OWNERSHIP AND WARRANTY OF TITLE, AS THE CONSIGNEE WITH FULL SET OF THE SHIPPING DOCUMENTS.

10- PAYMENT IS MADE BY SWIFT WIRE TRANSFER via SWIFT MT103 WITHIN 72hrs THROUGH SELLER’S COMMERCIAL INVOICE PRESENTED AFTER Q & Q ASCERTAINED BY BUYER’S INSPECTION AGENTS AND PRESENTATION OF THE ORIGINAL SHIPPING DOCUMENTS TO THE BUYER.

• Company Name: Tribes Oil and Gas Ltd
• Country: Nigeria

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