THIS IS OUR STANDARD PROCEEDURE .

I BELIEVE WE CAN WORK WITH THIS.


1. PRODUCT: Nigeria Bonny Light Crude Oil (BLCO)
2. ORIGIN: Nigeria
3. QUALITY: NNPC Standard Export Grade.
Specification gravity (API) = 35.7
Density at degrees Cg-Cm max = 0.45
Sulphur content WT, PCT, Max = 0.14
Color = Dark Brown
Salinity PTB @ 10% BSW = 47 Max
Acid Number = 0.49
Reid Vapor = 6.25MAX
Water and sediment content = 0.2%
PCT Max = 1.0
Iron WT, PPM = 1.0
Vanadium WT, PPM = 2.0
Nickel WT, PPM = 4.04
.
4. QUANTITY: (2,000,000 MILLION BARRELS) million barrels per shipment.
5. PRICING: Price per barrel to sale is fixed at $8 bellow Brent. This price jointly agreed to by Seller and Buyer, and it is binding on this transaction, with Net Discount of $5 to the Buyer and $3 split $1.50c per barrel to the Seller Brokers / Facilitators and $1.50c per barrel to Buyer brokers/facilitators,
Net discount to the Buyer = $5 /bl
Seller’s Agent and Facilitator = $1.50/bl
Buyer’s Agent and Facilitators = $1.50/bl

6 Delivery shall be calculated on out-turned, defined barrels, at the point of transfer from the Seller’s vessel to the Buyer’s vessel.

7.1 DELIVERY: TTT AT TOGO INTERNATIONAL WATER
a. The loading date of the cargo is defined as the completion date of the Q and Q inspector(s) access quality & quantity report at loading port.
8. PAYMENT: Payment shall be calculated on out-turned of barrels in United States Dollar at sight against presentation of clean and proper shipping documents.


8.1 COMMISSION & FEES: The difference between the gross discount ($8.) and Net discount Amount ($5.) being the sum $3. Is being referred to as commission, and it shall be paid throughout the duration of this contact. The Buyer acknowledges this contract as being issuance of payment order at any time delivery is made to him and shall direct payment to the designated beneficiary account with the formula stated in the contract at the presentation of the shipping documents to the Buyer’s bank, being a directive of the Buyer’s fully operative irrevocable documentary letter of credit for cargo and commission simultaneously, and where the Seller made agreement to any parties which are not in the Agreement, the Seller shall make payment to such for the purpose of this contract and shall hold the Buyer harmless.

PROCEDURE:

1. Seller and buyer sign sales purchase agreement with full banking
Coordinates and both parties forward a copy of this signed spa to
Their respective banks.


2. Seller releases details of loaded vessel to buyer for confirmation.

3. On confirmation of loaded vessel, buyer releases CPA/Q88, ATL and issues BPU (HARD COPIES) IN FAVOUR OF SELLER FOR CONFIRMATION.

4. Seller moves to alongside with buyer’s vessel, issues ATB to Buyer with the names of the Inspection Agent given by the buyer.


6. Buyers appointed agents are allowed on board loaded vessel for Q

7. BUYER MAKES PAYMENT ON COMPLETION OF Q INTO
Sellers and Agents Nominated Bank Accounts with the agreed
Commissions.

8. Vessel is allowed to sail to its destination.






PRICE:
Gross $8/bl
Net to buyer $5/bl
Buyer’s Agent and Facilitators $1.50c/bl
Seller’s Agent and Facilitators $1.50c/bl

DOCUMENTS TO BE SUBMITTED
AFTER TRANSSHIPMENT TAKE PLACE.
Original Bill of Lading
· Commercial invoice
· Tanker Haulage report
· Tanker time sheet
· Master’s Report document
· Certificate of Quantity and Quality
· Certificate of Origin
· Certificate of Ownership

contact MR ISAAC JEROME
2348068968117
EMAIL: E-mail:jefnoe@yahoo.com