IF YOU COPY OF POP SIGNED BY NNPC SEND ONE TO US.IF VERIFICATION THIS POP IS THROUGH WE WILL SIGN ONE AGREEMENT WITH YOUR COMPANY.
WE HAVE LOI AND POF TO SEND TO YOU BUT THE SELLERS WHO PROMISED TO SEND US SPA NEVER DO IT.
SEND TO US ONE COPY OF POP SIGNED BY NNPC OFFICE AND WE CAN CLOSE FASTLY THIS DEAL.
BUY THE WAY IN SPAIN DURING AUGUST MOUTH BOSS NOT GOES TO WORK.
SO LET DO SOMETHING BEFORE THIS DATE.
GOD BLESS YOU.

I HAVE OFFER RIGHT NOW PLEASE SND ME YOUR EMAIL ADDRESS

dear sir
kindly send us yr e-mail address to enable us to send you the SPA FCO FOR ALL WHAT WE HAVE AS BLCO
PRINCE KOUOH RAPHAEL

Hi Prince,

We have a Buyer, please send us your
SPA FCO FOR ALL YOU HAVE AS BLCO SELLER

MUST INCLUDE NNPC DOCUMENT.

Thank/ Regard

CKY

WORKING CONTRACT AGREEMENT
BETWEEN
K NIGERIA LIMITED
#5, HOSPITAL ROAD, BONNY ISLAND, BONNY, RIVERS STATE
{hereinafter refers to as SELLER of Product}
AND
{hereinafter refers to as BUYER of Product}
IRREVOCABLE CONTRACT AGREEMENT FOR TRANSSHIPMENT OF NIGERIA’S PETROLEUM
This Contract Agreement is made this 1th-08, 2007.
BETWEEN
K NIGERIAN LIMITED Herein after referred to as the seller (which expression shall the context so permit include its principals, heirs successors – in- title agent and assigns) of the first part.
AND
Herein after referred to as the buyer (which expression shall where the context so permit include its principal, heirs, successors – in – title, agent and assigns) of the second part.
WHEREAS:
Both seller and buyer as hereinafter mentioned, have individually and/or corporately offered to sell and accepted to buy in their respective capacities as seller and buyer to deal and in accordance with the norms and condition as hereafter set forth.
ARTICLE 1: PRODUCT
The product referred to under this contract shall be Petroleum Product.
Therefore both seller and buyer covenant as follows:
1. TRANSACTION CODE:
2. PRODUCT: PETROLEUM
3. ORIGIN: BONNY
4. DESTINATION: 50 TO 60 NAUTICAL MILES

Seller’s Signature Buyer’s signature
1.
5. QUANTITY: 5,000,000 Million Barrels
6. SPECIFICATION:

Specific gravity 0.8597
E-mail:Api@60F 36.7
Water content VOL % 0.2
RSW VOL% 0.6
Pour Point below 40.0
Salt content as NaCI, LBS/1, 000bbls 12
Sulphur Content WT% 0.12to 0.14
Reld Vapour Pressure (RVP), PSIG 6.52
Conradson carbon residue, WT% 1.0
V/NI, PPM WT% 2/3
Viscosity, E-mail:CST@38.80c 3.47
Yield CI C4 WT% 2.10
7. PRICE: US$8.00. Below Brent
US$5.00. Net to Buyer.
US$1.00. For Buyer’s Agent.
US$1.00 Seller’s Agent
US$1.00 to Facilitators
8. PERIOD OF DELIVERY: Within 7 days after all Banking Instruments are in proper place as indicated in the SPA.
9. QUANTITY:
The total quantity of oil delivery and sold hereunder is 5,000,000 Million barrels (bbls)+/- 10% (plus or minus ten percent) in sport lifting approximately equal consecutive monthly cargo lots with possible rollsa and extensions.
ARTICLE 2 QUALITY
The quality of the product shall conform will be regular NNPC standard export grades specification of Bonny Light Blend.
ARTICLE 3 PROCEDURES
1. SPA Signed by both parties with banking co-ordinates.
2. Buyer Appoints Independent Inspection Company {SGS Or Saybolt} to conduct inspection on Seller’s Loaded Vessel. Buyer is also allowed to delegate a SUPER CARGO on board the Seller’s Vessel when conducting inspection.
3. Upon Buyer receive the Sellers SPA and Inspection conducted, gives her CHARTER PARTY AGREEMENT {CPA} and Q88 and AUTHORITY TO LOAD.
4. Buyer responds with his mother vessel Details Establishing direct communication ETA link with the Seller’s Vessel and is guided through to a safe and secured discharge point.
[[
Seller’s Signature 2 Buyer’s signature
5. Buyer opens Confirmed Irrevocable, Transferable Letter of Credit in favour of the Seller’s Bank within a maximum of 72 hours most probably it will be within 48 hours.
1. An independent SGS inspector appointed by the Buyer monitors the transfer of Cargo, ascertains the Quality and Quantity and reports back the same to the Buyer and the Seller.
2. Crude oil as per Q and Q report will be paid in full by swift wire transfer within 24 hours of the transfer of the cargo into the Buyer’s vessel.
DOCUMENTS TO BE SUBMITTED AFTER TRANSHIPMENT
· Original Bill of Lading
· Commercial invoice
· Tanker Haulage report
· Tanker time sheet
· Master’s Report document
· Certificate of Quality and Quality
ARTICLE 4 PAYMENT TERMS Payments to be made in United States Dollars by a Confirmed Divisible, Transferable, Irrevocable Bank Letter of Credit (LC) to the Seller’s Bank and all the parties involve.
ARTICLE 5 TRANSFERS OF TITLE AND RISK
The entire title and risk in this transaction shall be transferred from the seller to the buyer as soon as the product is discharged into the buyer’s vessel, quality and quantity is ascertained.
ARTICLE 6 INDEMNITIES AND DEMURRAGE
The Buyer shall be solely responsible for all security settlement and dues covering the entire transaction up to where her Vessel is located.
[[
Seller’s Signature 3 Buyer’s signature
ARTICLE 7 GUARANTEES
This product is free from all encumbrances, criminal free and cannot attract a demand from a government to her agencies. The seller further assures the buyer the buyer is to violation any law by engaging in this transaction.
ARTICLE 8 FORCEMAJUER
The relevant Nigeria law and the standard procedure of practice under the international chambers of commerce relevant to the instant transaction shall be applicable.
ARTICLE 10 LAW, ADJUSTMENT AND ARBITRATION
The court of Nigeria and the ICC 500 regulations shall govern this contract. All disputes connection with these presents shall be subjected too the law of the Federal republic of Nigeria and ICC 500. The loser shall bear all the cost arbitration.
ARTICLE 11 NON-CIRCUMVENTION AND – DISCLOSURE CLAUSE.
i. This is to certify that each of the named signatories separately and individual, and their associates, afflicted companies, subsidiaries division, agent, consultants, heirs and / or other people / companies, directly related to the principles will not make any contact with, deal or borrow, buyer or seller, introduced by another of the signatories separately and individually, and associate etc. without permission in writing of the introduction signatory (ies) and assigns.
This agreement is a perpetuating guarantee for 5(five) years form the dates(s) affixed below and is be applied to any all transaction of any kind introduced by signatory (ies) of other mentioned above; including subsequent follow up, repeat, extended or negotiated transactions, all parties will agree on commission structure.
ii. The signatory (ies) hereby agree completely confidentially, the names of any banks, lending institution, corporations investors, trading companies, seller introduced by any of the named signatory (ies) or their associates and shall remain so for the duration of this agreement.
Any controversy or calms arising our for or relating to the contract or breach thereof, which is not settled between the signatories themselves shall be settled by transaction in accordance with the rule, rules to the pair international chamber of commerce convention (ICC 1998 and latest revision). And judgment upon award being related to the total remuneration received as result of business conducted with the parties covered by this agreement, plus all court cost. Attorney fees and other charges and damages deemed by the arbitrators
[[[
Seller’s Signature 4 Buyer’s Signature.


THIS NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT.
Constitutes the only agreement of the named signatory (ies) and supersedes any prior understanding r written or oral agreement between the named signatory (ies) which is not contained in the written agreement shall be valid or binding, and this agreement may not be enlarge, modified, or altered except in writing signed by the named signatory (ies) and endorse herein. This agreement shall insure to the benefit of and be binding upon the heirs, executor, administration, and successor of the respective named signatory (ies).
In witness whereof the parties here to have caused their respective common affixed hereon with their hands and signatures and first above written.
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED SELLER
SIGNATURE:


NAME:
DESIGNATION:
DATE: 1- 08 - 2007
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED BUYER
SIGNATURE
[[[
NAME:
DESIGNATION:
DATE: 1th -08, 2007.
Seller’s signature 5 Buyer’s signature
BANKING CO-ORDINATES
[[
SELLER’S BANKING DETAILS
BANK NAME:
ADDRESS:
FIELD 57A:
FIELD 59A:
SWIFT CODE:
FIELD 72: /ACC/ FOR FURTHER CREDIT OF:-

Seller’s Signature 6 Buyer’s Signature
BUYER’S BANKING DETAILS


:






SELLER’S AGENTS BANKING DETAILS{$1.00US}PER BBL
Bank Name:
Bank Address:
A/C NAME:
A/C NO.:
Swift Code:
SORT CODE:
ATTN:
FURTHER CREDIT TO:
A/C NUMBER:
A/C OFFICER:
Seller’s Signature 7 Buyer’s signature
BUYER’S AGENT BANKING DETAILS.
SELLER’S FACILITATORS BANKING DETAILS {$0.50} PER BARREL
Bank Name:
FOR CREDIT TO:
SWIFT CODE:
ABA NO.:
FOR FURTHER CREDIT TO:
SWIFT CODE:
FCD A/C NO.
FINAL BENEFICIARY:
A/C NUMBER:
BRANCH:

Seller’s Signature 8 Buyer’s signature
BUYER’S FACILITATORS GROUP ‘A’ BANKING DETAILS {$0.17) PER BARREL
Bank Name:
Bank Address:
ABA Sorting Code:
Swift Code:
Name of A/C:
Account No:
For Final Credit:
Customer Name:
Account No:
Location:
Account Officer:
Telephone:
BUYER’S FACILITATORS GROUP ‘B’ BANKING DETAILS ($0.17 PER BARREL
Bank:
Address:
Acct Officer:
Acct Number:
Acct Name:
Seller’s Signature 9 Buyer’s signature
Hope to hear from you soon .
Director ( Bezediah. Victor)

WORKING CONTRACT AGREEMENT
BETWEEN
K NIGERIA LIMITED
#5, HOSPITAL ROAD, BONNY ISLAND, BONNY, RIVERS STATE
{hereinafter refers to as SELLER of Product}
AND
{hereinafter refers to as BUYER of Product}
IRREVOCABLE CONTRACT AGREEMENT FOR TRANSSHIPMENT OF NIGERIA’S PETROLEUM
This Contract Agreement is made this 1th-08, 2007.
BETWEEN
K NIGERIAN LIMITED Herein after referred to as the seller (which expression shall the context so permit include its principals, heirs successors – in- title agent and assigns) of the first part.
AND
Herein after referred to as the buyer (which expression shall where the context so permit include its principal, heirs, successors – in – title, agent and assigns) of the second part.
WHEREAS:
Both seller and buyer as hereinafter mentioned, have individually and/or corporately offered to sell and accepted to buy in their respective capacities as seller and buyer to deal and in accordance with the norms and condition as hereafter set forth.
ARTICLE 1: PRODUCT
The product referred to under this contract shall be Petroleum Product.
Therefore both seller and buyer covenant as follows:
1. TRANSACTION CODE:
2. PRODUCT: PETROLEUM
3. ORIGIN: BONNY
4. DESTINATION: 50 TO 60 NAUTICAL MILES

Seller’s Signature Buyer’s signature
1.
5. QUANTITY: 5,000,000 Million Barrels
6. SPECIFICATION:

Specific gravity 0.8597
E-mail:Api@60F 36.7
Water content VOL % 0.2
RSW VOL% 0.6
Pour Point below 40.0
Salt content as NaCI, LBS/1, 000bbls 12
Sulphur Content WT% 0.12to 0.14
Reld Vapour Pressure (RVP), PSIG 6.52
Conradson carbon residue, WT% 1.0
V/NI, PPM WT% 2/3
Viscosity, E-mail:CST@38.80c 3.47
Yield CI C4 WT% 2.10
7. PRICE: US$8.00. Below Brent
US$5.00. Net to Buyer.
US$1.00. For Buyer’s Agent.
US$1.00 Seller’s Agent
US$1.00 to Facilitators
8. PERIOD OF DELIVERY: Within 7 days after all Banking Instruments are in proper place as indicated in the SPA.
9. QUANTITY:
The total quantity of oil delivery and sold hereunder is 5,000,000 Million barrels (bbls)+/- 10% (plus or minus ten percent) in sport lifting approximately equal consecutive monthly cargo lots with possible rollsa and extensions.
ARTICLE 2 QUALITY
The quality of the product shall conform will be regular NNPC standard export grades specification of Bonny Light Blend.
ARTICLE 3 PROCEDURES
1. SPA Signed by both parties with banking co-ordinates.
2. Buyer Appoints Independent Inspection Company {SGS Or Saybolt} to conduct inspection on Seller’s Loaded Vessel. Buyer is also allowed to delegate a SUPER CARGO on board the Seller’s Vessel when conducting inspection.
3. Upon Buyer receive the Sellers SPA and Inspection conducted, gives her CHARTER PARTY AGREEMENT {CPA} and Q88 and AUTHORITY TO LOAD.
4. Buyer responds with his mother vessel Details Establishing direct communication ETA link with the Seller’s Vessel and is guided through to a safe and secured discharge point.
[[
Seller’s Signature 2 Buyer’s signature
5. Buyer opens Confirmed Irrevocable, Transferable Letter of Credit in favour of the Seller’s Bank within a maximum of 72 hours most probably it will be within 48 hours.
1. An independent SGS inspector appointed by the Buyer monitors the transfer of Cargo, ascertains the Quality and Quantity and reports back the same to the Buyer and the Seller.
2. Crude oil as per Q and Q report will be paid in full by swift wire transfer within 24 hours of the transfer of the cargo into the Buyer’s vessel.
DOCUMENTS TO BE SUBMITTED AFTER TRANSHIPMENT
· Original Bill of Lading
· Commercial invoice
· Tanker Haulage report
· Tanker time sheet
· Master’s Report document
· Certificate of Quality and Quality
ARTICLE 4 PAYMENT TERMS Payments to be made in United States Dollars by a Confirmed Divisible, Transferable, Irrevocable Bank Letter of Credit (LC) to the Seller’s Bank and all the parties involve.
ARTICLE 5 TRANSFERS OF TITLE AND RISK
The entire title and risk in this transaction shall be transferred from the seller to the buyer as soon as the product is discharged into the buyer’s vessel, quality and quantity is ascertained.
ARTICLE 6 INDEMNITIES AND DEMURRAGE
The Buyer shall be solely responsible for all security settlement and dues covering the entire transaction up to where her Vessel is located.
[[
Seller’s Signature 3 Buyer’s signature
ARTICLE 7 GUARANTEES
This product is free from all encumbrances, criminal free and cannot attract a demand from a government to her agencies. The seller further assures the buyer the buyer is to violation any law by engaging in this transaction.
ARTICLE 8 FORCEMAJUER
The relevant Nigeria law and the standard procedure of practice under the international chambers of commerce relevant to the instant transaction shall be applicable.
ARTICLE 10 LAW, ADJUSTMENT AND ARBITRATION
The court of Nigeria and the ICC 500 regulations shall govern this contract. All disputes connection with these presents shall be subjected too the law of the Federal republic of Nigeria and ICC 500. The loser shall bear all the cost arbitration.
ARTICLE 11 NON-CIRCUMVENTION AND – DISCLOSURE CLAUSE.
i. This is to certify that each of the named signatories separately and individual, and their associates, afflicted companies, subsidiaries division, agent, consultants, heirs and / or other people / companies, directly related to the principles will not make any contact with, deal or borrow, buyer or seller, introduced by another of the signatories separately and individually, and associate etc. without permission in writing of the introduction signatory (ies) and assigns.
This agreement is a perpetuating guarantee for 5(five) years form the dates(s) affixed below and is be applied to any all transaction of any kind introduced by signatory (ies) of other mentioned above; including subsequent follow up, repeat, extended or negotiated transactions, all parties will agree on commission structure.
ii. The signatory (ies) hereby agree completely confidentially, the names of any banks, lending institution, corporations investors, trading companies, seller introduced by any of the named signatory (ies) or their associates and shall remain so for the duration of this agreement.
Any controversy or calms arising our for or relating to the contract or breach thereof, which is not settled between the signatories themselves shall be settled by transaction in accordance with the rule, rules to the pair international chamber of commerce convention (ICC 1998 and latest revision). And judgment upon award being related to the total remuneration received as result of business conducted with the parties covered by this agreement, plus all court cost. Attorney fees and other charges and damages deemed by the arbitrators
[[[
Seller’s Signature 4 Buyer’s Signature.


THIS NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT.
Constitutes the only agreement of the named signatory (ies) and supersedes any prior understanding r written or oral agreement between the named signatory (ies) which is not contained in the written agreement shall be valid or binding, and this agreement may not be enlarge, modified, or altered except in writing signed by the named signatory (ies) and endorse herein. This agreement shall insure to the benefit of and be binding upon the heirs, executor, administration, and successor of the respective named signatory (ies).
In witness whereof the parties here to have caused their respective common affixed hereon with their hands and signatures and first above written.
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED SELLER
SIGNATURE:


NAME:
DESIGNATION:
DATE: 1- 08 - 2007
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED BUYER
SIGNATURE
[[[
NAME:
DESIGNATION:
DATE: 1th -08, 2007.
Seller’s signature 5 Buyer’s signature
BANKING CO-ORDINATES
[[
SELLER’S BANKING DETAILS
BANK NAME:
ADDRESS:
FIELD 57A:
FIELD 59A:
SWIFT CODE:
FIELD 72: /ACC/ FOR FURTHER CREDIT OF:-

Seller’s Signature 6 Buyer’s Signature
BUYER’S BANKING DETAILS


:






SELLER’S AGENTS BANKING DETAILS{$1.00US}PER BBL
Bank Name:
Bank Address:
A/C NAME:
A/C NO.:
Swift Code:
SORT CODE:
ATTN:
FURTHER CREDIT TO:
A/C NUMBER:
A/C OFFICER:
Seller’s Signature 7 Buyer’s signature
BUYER’S AGENT BANKING DETAILS.
SELLER’S FACILITATORS BANKING DETAILS {$0.50} PER BARREL
Bank Name:
FOR CREDIT TO:
SWIFT CODE:
ABA NO.:
FOR FURTHER CREDIT TO:
SWIFT CODE:
FCD A/C NO.
FINAL BENEFICIARY:
A/C NUMBER:
BRANCH:

Seller’s Signature 8 Buyer’s signature
BUYER’S FACILITATORS GROUP ‘A’ BANKING DETAILS {$0.17) PER BARREL
Bank Name:
Bank Address:
ABA Sorting Code:
Swift Code:
Name of A/C:
Account No:
For Final Credit:
Customer Name:
Account No:
Location:
Account Officer:
Telephone:
BUYER’S FACILITATORS GROUP ‘B’ BANKING DETAILS ($0.17 PER BARREL
Bank:
Address:
Acct Officer:
Acct Number:
Acct Name:
Seller’s Signature 9 Buyer’s signature
Hope to hear from you soon .
Director ( Bezediah. Victor)

WORKING CONTRACT AGREEMENT
BETWEEN
K NIGERIA LIMITED
#5, HOSPITAL ROAD, BONNY ISLAND, BONNY, RIVERS STATE
{hereinafter refers to as SELLER of Product}
AND
{hereinafter refers to as BUYER of Product}
IRREVOCABLE CONTRACT AGREEMENT FOR TRANSSHIPMENT OF NIGERIA’S PETROLEUM
This Contract Agreement is made this 1th-08, 2007.
BETWEEN
K NIGERIAN LIMITED Herein after referred to as the seller (which expression shall the context so permit include its principals, heirs successors – in- title agent and assigns) of the first part.
AND
Herein after referred to as the buyer (which expression shall where the context so permit include its principal, heirs, successors – in – title, agent and assigns) of the second part.
WHEREAS:
Both seller and buyer as hereinafter mentioned, have individually and/or corporately offered to sell and accepted to buy in their respective capacities as seller and buyer to deal and in accordance with the norms and condition as hereafter set forth.
ARTICLE 1: PRODUCT
The product referred to under this contract shall be Petroleum Product.
Therefore both seller and buyer covenant as follows:
1. TRANSACTION CODE:
2. PRODUCT: PETROLEUM
3. ORIGIN: BONNY
4. DESTINATION: 50 TO 60 NAUTICAL MILES

Seller’s Signature Buyer’s signature
1.
5. QUANTITY: 5,000,000 Million Barrels
6. SPECIFICATION:

Specific gravity 0.8597
E-mail:Api@60F 36.7
Water content VOL % 0.2
RSW VOL% 0.6
Pour Point below 40.0
Salt content as NaCI, LBS/1, 000bbls 12
Sulphur Content WT% 0.12to 0.14
Reld Vapour Pressure (RVP), PSIG 6.52
Conradson carbon residue, WT% 1.0
V/NI, PPM WT% 2/3
Viscosity, E-mail:CST@38.80c 3.47
Yield CI C4 WT% 2.10
7. PRICE: US$8.00. Below Brent
US$5.00. Net to Buyer.
US$1.00. For Buyer’s Agent.
US$1.00 Seller’s Agent
US$1.00 to Facilitators
8. PERIOD OF DELIVERY: Within 7 days after all Banking Instruments are in proper place as indicated in the SPA.
9. QUANTITY:
The total quantity of oil delivery and sold hereunder is 5,000,000 Million barrels (bbls)+/- 10% (plus or minus ten percent) in sport lifting approximately equal consecutive monthly cargo lots with possible rollsa and extensions.
ARTICLE 2 QUALITY
The quality of the product shall conform will be regular NNPC standard export grades specification of Bonny Light Blend.
ARTICLE 3 PROCEDURES
1. SPA Signed by both parties with banking co-ordinates.
2. Buyer Appoints Independent Inspection Company {SGS Or Saybolt} to conduct inspection on Seller’s Loaded Vessel. Buyer is also allowed to delegate a SUPER CARGO on board the Seller’s Vessel when conducting inspection.
3. Upon Buyer receive the Sellers SPA and Inspection conducted, gives her CHARTER PARTY AGREEMENT {CPA} and Q88 and AUTHORITY TO LOAD.
4. Buyer responds with his mother vessel Details Establishing direct communication ETA link with the Seller’s Vessel and is guided through to a safe and secured discharge point.
[[
Seller’s Signature 2 Buyer’s signature
5. Buyer opens Confirmed Irrevocable, Transferable Letter of Credit in favour of the Seller’s Bank within a maximum of 72 hours most probably it will be within 48 hours.
1. An independent SGS inspector appointed by the Buyer monitors the transfer of Cargo, ascertains the Quality and Quantity and reports back the same to the Buyer and the Seller.
2. Crude oil as per Q and Q report will be paid in full by swift wire transfer within 24 hours of the transfer of the cargo into the Buyer’s vessel.
DOCUMENTS TO BE SUBMITTED AFTER TRANSHIPMENT
· Original Bill of Lading
· Commercial invoice
· Tanker Haulage report
· Tanker time sheet
· Master’s Report document
· Certificate of Quality and Quality
ARTICLE 4 PAYMENT TERMS Payments to be made in United States Dollars by a Confirmed Divisible, Transferable, Irrevocable Bank Letter of Credit (LC) to the Seller’s Bank and all the parties involve.
ARTICLE 5 TRANSFERS OF TITLE AND RISK
The entire title and risk in this transaction shall be transferred from the seller to the buyer as soon as the product is discharged into the buyer’s vessel, quality and quantity is ascertained.
ARTICLE 6 INDEMNITIES AND DEMURRAGE
The Buyer shall be solely responsible for all security settlement and dues covering the entire transaction up to where her Vessel is located.
[[
Seller’s Signature 3 Buyer’s signature
ARTICLE 7 GUARANTEES
This product is free from all encumbrances, criminal free and cannot attract a demand from a government to her agencies. The seller further assures the buyer the buyer is to violation any law by engaging in this transaction.
ARTICLE 8 FORCEMAJUER
The relevant Nigeria law and the standard procedure of practice under the international chambers of commerce relevant to the instant transaction shall be applicable.
ARTICLE 10 LAW, ADJUSTMENT AND ARBITRATION
The court of Nigeria and the ICC 500 regulations shall govern this contract. All disputes connection with these presents shall be subjected too the law of the Federal republic of Nigeria and ICC 500. The loser shall bear all the cost arbitration.
ARTICLE 11 NON-CIRCUMVENTION AND – DISCLOSURE CLAUSE.
i. This is to certify that each of the named signatories separately and individual, and their associates, afflicted companies, subsidiaries division, agent, consultants, heirs and / or other people / companies, directly related to the principles will not make any contact with, deal or borrow, buyer or seller, introduced by another of the signatories separately and individually, and associate etc. without permission in writing of the introduction signatory (ies) and assigns.
This agreement is a perpetuating guarantee for 5(five) years form the dates(s) affixed below and is be applied to any all transaction of any kind introduced by signatory (ies) of other mentioned above; including subsequent follow up, repeat, extended or negotiated transactions, all parties will agree on commission structure.
ii. The signatory (ies) hereby agree completely confidentially, the names of any banks, lending institution, corporations investors, trading companies, seller introduced by any of the named signatory (ies) or their associates and shall remain so for the duration of this agreement.
Any controversy or calms arising our for or relating to the contract or breach thereof, which is not settled between the signatories themselves shall be settled by transaction in accordance with the rule, rules to the pair international chamber of commerce convention (ICC 1998 and latest revision). And judgment upon award being related to the total remuneration received as result of business conducted with the parties covered by this agreement, plus all court cost. Attorney fees and other charges and damages deemed by the arbitrators
[[[
Seller’s Signature 4 Buyer’s Signature.


THIS NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT.
Constitutes the only agreement of the named signatory (ies) and supersedes any prior understanding r written or oral agreement between the named signatory (ies) which is not contained in the written agreement shall be valid or binding, and this agreement may not be enlarge, modified, or altered except in writing signed by the named signatory (ies) and endorse herein. This agreement shall insure to the benefit of and be binding upon the heirs, executor, administration, and successor of the respective named signatory (ies).
In witness whereof the parties here to have caused their respective common affixed hereon with their hands and signatures and first above written.
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED SELLER
SIGNATURE:


NAME:
DESIGNATION:
DATE: 1- 08 - 2007
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED BUYER
SIGNATURE
[[[
NAME:
DESIGNATION:
DATE: 1th -08, 2007.
Seller’s signature 5 Buyer’s signature
BANKING CO-ORDINATES
[[
SELLER’S BANKING DETAILS
BANK NAME:
ADDRESS:
FIELD 57A:
FIELD 59A:
SWIFT CODE:
FIELD 72: /ACC/ FOR FURTHER CREDIT OF:-

Seller’s Signature 6 Buyer’s Signature
BUYER’S BANKING DETAILS


:






SELLER’S AGENTS BANKING DETAILS{$1.00US}PER BBL
Bank Name:
Bank Address:
A/C NAME:
A/C NO.:
Swift Code:
SORT CODE:
ATTN:
FURTHER CREDIT TO:
A/C NUMBER:
A/C OFFICER:
Seller’s Signature 7 Buyer’s signature
BUYER’S AGENT BANKING DETAILS.
SELLER’S FACILITATORS BANKING DETAILS {$0.50} PER BARREL
Bank Name:
FOR CREDIT TO:
SWIFT CODE:
ABA NO.:
FOR FURTHER CREDIT TO:
SWIFT CODE:
FCD A/C NO.
FINAL BENEFICIARY:
A/C NUMBER:
BRANCH:

Seller’s Signature 8 Buyer’s signature
BUYER’S FACILITATORS GROUP ‘A’ BANKING DETAILS {$0.17) PER BARREL
Bank Name:
Bank Address:
ABA Sorting Code:
Swift Code:
Name of A/C:
Account No:
For Final Credit:
Customer Name:
Account No:
Location:
Account Officer:
Telephone:
BUYER’S FACILITATORS GROUP ‘B’ BANKING DETAILS ($0.17 PER BARREL
Bank:
Address:
Acct Officer:
Acct Number:
Acct Name:
Seller’s Signature 9 Buyer’s signature
Hope to hear from you soon .
Director ( Bezediah. Victor)

WORKING CONTRACT AGREEMENT
BETWEEN
K NIGERIA LIMITED
#5, HOSPITAL ROAD, BONNY ISLAND, BONNY, RIVERS STATE
{hereinafter refers to as SELLER of Product}
AND
{hereinafter refers to as BUYER of Product}
IRREVOCABLE CONTRACT AGREEMENT FOR TRANSSHIPMENT OF NIGERIA’S PETROLEUM
This Contract Agreement is made this 1th-08, 2007.
BETWEEN
K NIGERIAN LIMITED Herein after referred to as the seller (which expression shall the context so permit include its principals, heirs successors – in- title agent and assigns) of the first part.
AND
Herein after referred to as the buyer (which expression shall where the context so permit include its principal, heirs, successors – in – title, agent and assigns) of the second part.
WHEREAS:
Both seller and buyer as hereinafter mentioned, have individually and/or corporately offered to sell and accepted to buy in their respective capacities as seller and buyer to deal and in accordance with the norms and condition as hereafter set forth.
ARTICLE 1: PRODUCT
The product referred to under this contract shall be Petroleum Product.
Therefore both seller and buyer covenant as follows:
1. TRANSACTION CODE:
2. PRODUCT: PETROLEUM
3. ORIGIN: BONNY
4. DESTINATION: 50 TO 60 NAUTICAL MILES

Seller’s Signature Buyer’s signature
1.
5. QUANTITY: 5,000,000 Million Barrels
6. SPECIFICATION:

Specific gravity 0.8597
E-mail:Api@60F 36.7
Water content VOL % 0.2
RSW VOL% 0.6
Pour Point below 40.0
Salt content as NaCI, LBS/1, 000bbls 12
Sulphur Content WT% 0.12to 0.14
Reld Vapour Pressure (RVP), PSIG 6.52
Conradson carbon residue, WT% 1.0
V/NI, PPM WT% 2/3
Viscosity, E-mail:CST@38.80c 3.47
Yield CI C4 WT% 2.10
7. PRICE: US$8.00. Below Brent
US$5.00. Net to Buyer.
US$1.00. For Buyer’s Agent.
US$1.00 Seller’s Agent
US$1.00 to Facilitators
8. PERIOD OF DELIVERY: Within 7 days after all Banking Instruments are in proper place as indicated in the SPA.
9. QUANTITY:
The total quantity of oil delivery and sold hereunder is 5,000,000 Million barrels (bbls)+/- 10% (plus or minus ten percent) in sport lifting approximately equal consecutive monthly cargo lots with possible rollsa and extensions.
ARTICLE 2 QUALITY
The quality of the product shall conform will be regular NNPC standard export grades specification of Bonny Light Blend.
ARTICLE 3 PROCEDURES
1. SPA Signed by both parties with banking co-ordinates.
2. Buyer Appoints Independent Inspection Company {SGS Or Saybolt} to conduct inspection on Seller’s Loaded Vessel. Buyer is also allowed to delegate a SUPER CARGO on board the Seller’s Vessel when conducting inspection.
3. Upon Buyer receive the Sellers SPA and Inspection conducted, gives her CHARTER PARTY AGREEMENT {CPA} and Q88 and AUTHORITY TO LOAD.
4. Buyer responds with his mother vessel Details Establishing direct communication ETA link with the Seller’s Vessel and is guided through to a safe and secured discharge point.
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Seller’s Signature 2 Buyer’s signature
5. Buyer opens Confirmed Irrevocable, Transferable Letter of Credit in favour of the Seller’s Bank within a maximum of 72 hours most probably it will be within 48 hours.
1. An independent SGS inspector appointed by the Buyer monitors the transfer of Cargo, ascertains the Quality and Quantity and reports back the same to the Buyer and the Seller.
2. Crude oil as per Q and Q report will be paid in full by swift wire transfer within 24 hours of the transfer of the cargo into the Buyer’s vessel.
DOCUMENTS TO BE SUBMITTED AFTER TRANSHIPMENT
· Original Bill of Lading
· Commercial invoice
· Tanker Haulage report
· Tanker time sheet
· Master’s Report document
· Certificate of Quality and Quality
ARTICLE 4 PAYMENT TERMS Payments to be made in United States Dollars by a Confirmed Divisible, Transferable, Irrevocable Bank Letter of Credit (LC) to the Seller’s Bank and all the parties involve.
ARTICLE 5 TRANSFERS OF TITLE AND RISK
The entire title and risk in this transaction shall be transferred from the seller to the buyer as soon as the product is discharged into the buyer’s vessel, quality and quantity is ascertained.
ARTICLE 6 INDEMNITIES AND DEMURRAGE
The Buyer shall be solely responsible for all security settlement and dues covering the entire transaction up to where her Vessel is located.
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Seller’s Signature 3 Buyer’s signature
ARTICLE 7 GUARANTEES
This product is free from all encumbrances, criminal free and cannot attract a demand from a government to her agencies. The seller further assures the buyer the buyer is to violation any law by engaging in this transaction.
ARTICLE 8 FORCEMAJUER
The relevant Nigeria law and the standard procedure of practice under the international chambers of commerce relevant to the instant transaction shall be applicable.
ARTICLE 10 LAW, ADJUSTMENT AND ARBITRATION
The court of Nigeria and the ICC 500 regulations shall govern this contract. All disputes connection with these presents shall be subjected too the law of the Federal republic of Nigeria and ICC 500. The loser shall bear all the cost arbitration.
ARTICLE 11 NON-CIRCUMVENTION AND – DISCLOSURE CLAUSE.
i. This is to certify that each of the named signatories separately and individual, and their associates, afflicted companies, subsidiaries division, agent, consultants, heirs and / or other people / companies, directly related to the principles will not make any contact with, deal or borrow, buyer or seller, introduced by another of the signatories separately and individually, and associate etc. without permission in writing of the introduction signatory (ies) and assigns.
This agreement is a perpetuating guarantee for 5(five) years form the dates(s) affixed below and is be applied to any all transaction of any kind introduced by signatory (ies) of other mentioned above; including subsequent follow up, repeat, extended or negotiated transactions, all parties will agree on commission structure.
ii. The signatory (ies) hereby agree completely confidentially, the names of any banks, lending institution, corporations investors, trading companies, seller introduced by any of the named signatory (ies) or their associates and shall remain so for the duration of this agreement.
Any controversy or calms arising our for or relating to the contract or breach thereof, which is not settled between the signatories themselves shall be settled by transaction in accordance with the rule, rules to the pair international chamber of commerce convention (ICC 1998 and latest revision). And judgment upon award being related to the total remuneration received as result of business conducted with the parties covered by this agreement, plus all court cost. Attorney fees and other charges and damages deemed by the arbitrators
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Seller’s Signature 4 Buyer’s Signature.


THIS NON-CIRCUMVENTION AND NON-DISCLOSURE AGREEMENT.
Constitutes the only agreement of the named signatory (ies) and supersedes any prior understanding r written or oral agreement between the named signatory (ies) which is not contained in the written agreement shall be valid or binding, and this agreement may not be enlarge, modified, or altered except in writing signed by the named signatory (ies) and endorse herein. This agreement shall insure to the benefit of and be binding upon the heirs, executor, administration, and successor of the respective named signatory (ies).
In witness whereof the parties here to have caused their respective common affixed hereon with their hands and signatures and first above written.
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED SELLER
SIGNATURE:


NAME:
DESIGNATION:
DATE: 1- 08 - 2007
SIGNED, SEALED AND DELIVERED BY
THE WITHIN NAMED BUYER
SIGNATURE
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NAME:
DESIGNATION:
DATE: 1th -08, 2007.
Seller’s signature 5 Buyer’s signature
BANKING CO-ORDINATES
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SELLER’S BANKING DETAILS
BANK NAME:
ADDRESS:
FIELD 57A:
FIELD 59A:
SWIFT CODE:
FIELD 72: /ACC/ FOR FURTHER CREDIT OF:-

Seller’s Signature 6 Buyer’s Signature
BUYER’S BANKING DETAILS


:






SELLER’S AGENTS BANKING DETAILS{$1.00US}PER BBL
Bank Name:
Bank Address:
A/C NAME:
A/C NO.:
Swift Code:
SORT CODE:
ATTN:
FURTHER CREDIT TO:
A/C NUMBER:
A/C OFFICER:
Seller’s Signature 7 Buyer’s signature
BUYER’S AGENT BANKING DETAILS.
SELLER’S FACILITATORS BANKING DETAILS {$0.50} PER BARREL
Bank Name:
FOR CREDIT TO:
SWIFT CODE:
ABA NO.:
FOR FURTHER CREDIT TO:
SWIFT CODE:
FCD A/C NO.
FINAL BENEFICIARY:
A/C NUMBER:
BRANCH:

Seller’s Signature 8 Buyer’s signature
BUYER’S FACILITATORS GROUP ‘A’ BANKING DETAILS {$0.17) PER BARREL
Bank Name:
Bank Address:
ABA Sorting Code:
Swift Code:
Name of A/C:
Account No:
For Final Credit:
Customer Name:
Account No:
Location:
Account Officer:
Telephone:
BUYER’S FACILITATORS GROUP ‘B’ BANKING DETAILS ($0.17 PER BARREL
Bank:
Address:
Acct Officer:
Acct Number:
Acct Name:
Seller’s Signature 9 Buyer’s signature
Hope to hear from you soon .
Director ( Bezediah. Victor)