Crude Oil (Sellers) Published date: August 14, 2017
Modified date: August 16, 2017

Our CIF INCOTERM Procedure is at no financial risk to a buyer with NNPC/PPMC/ JV OPERATORS full support.

PRODUCT : Nigerian Bonny Light Crude Oil
QUALITY : NNPC Export Standard Grade
QUANTITY : Minimum of 2Million Barrels Shipment Per Month Lifting X 12 Months Contract
TERMS :CIF TO ASWP

BUYER’S PERFORMANCE GUARANTEE:
Buyer shall Issues SBLC OR BANK GUARANTEE (BG) OR BLOCK FUND VIA MT760 & MT542 SWIFT Covering the total cost of CARGO per shipment as per our Verbiage.

SELLER’S PERFORMANCE GUARANTEE:
Seller shall issue a 2% Performance Bond against the Buyer’s SBLC/BG upon Receipt and validation.

MODE OF FINAL PAYMENT:
MT103 CASH WIRE VIA TT against Inspection Report, C/Invoice & Cargo Documents.

DISCOUNT FOR CIF EUROPE/ ASIA : Platts Minus $6 Per Barrel (Brent) ($10/6)

COMMISSION : $4 Commission to be Split 50/50 Between Buyer and Seller agents.

Kindly email us for Procedure and Contract.

• Company Name: Will be made available for only serious buyers
• Country: Nigeria

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