Buying Bonny Light Crude Oil

Please No Long Chain of agents, facilitators, consultants, etc.
Real Sellers, Mandate or Next to Seller Only


I HAVE 2 BUYERS BOTH BUYERS  signed several SPA's with many Nigerian Sellers over the last 4 months; ALL of them turn out to be fake Sellers with no crude oil to sell.
As a result of the unpleasant experience, the Buyers will not make a move on any deal unless they are convinced the Seller is real. To this end the Buyers has adopted the Procedure that is follow as rigidly as possible.
 
 
I hope the above clearly explains our position.

Please No Long Chain of agents, facilitators, consultants, etc.
Real Sellers, Mandate or Next to Seller Only

Buyer does not provide BPU, MT799, MT760, BG, POF, Pre-advice, BCL, etc. 1st.

Buyers work only with our procedure

 BUYERS PROCEDURE:

TIME of Contract: 
Bonny Light Crude Oil (BLCO)
2 Million to 8 Million barrels per month 12 months with rolls and extensions

TTO PROCEDURE

Seller gives CPA document & SPA

Buyer verify documents

Conference call between Buyer & Seller

 Buyer sign SPA Contract

Seller issue ATB to Buyer in buyers name

Buyer verify document

Seller Link the vessel handler to Buyer for proper Charter.

Buyers inspectors go on board for Q & Q

Q & Q is conducted by buyers inspectors

Buyer place Letter of Credit covering the product.

Seller present documents of the Cargo in Buyers Name.

Buyer verify documents and effect payment of the total cost of cargo into seller bank account.

Seller clears the vessel to sail to buyers destination

BUYER work only with our procedure