Offer of up to 10,000,000 Barrels of NNPC Specification Bonny Light Crude Oil (BLCO) on a TTO / TTT.
We are a Petroleum Commodity Trading Group located in the United Kingdom. We are direct to the legal mandate of a very serious seller for NNPC Specification Bonny Light Crude Oil (BLCO) as per below details;
- Commodity: Bonny Light Crude Oil
- Specification: Standard Specification (e-mail for info)
- Quantity: up to 10 Million Barrels available
- Delivery: TTO / TTT
- Terms: To be agreed between seller and buyer
- Payment Terms: Irrevocable, Revolving, Documentary Letter of Credit from a Top Prime 25 Bank.
- The Buyer and the Seller sign the contract, with banking coordinates of both parties and copies sent to both parties banks.
- Seller gives to the Buyer details of loaded cargo for verification or confirmation.
- Buyer post to seller details of their inspector and supercargo for ATB an Irrevocable Bank Payment Undertaking (IBPU).
- Seller issues to Buyer Authority to Board (Marine ATB), to board the loaded vessel
- Q&Q is conducted by Buyers` approved Independent Inspectors and buyers supercargo remains on board until security clearance is paid. Security fee is deductible from the cargo fee.
- Buyer issues a confirmable Documentary Letter of Credit (DLC) or Bank Guarantee (BG) covering the entire cost of product and commission to all brokers and other stakeholders.
- Buyer place its full chartered of the loaded vessel
- Seller releases all Original Documents of cargo to the Buyer.
- Buyer executes payment by KTT on outturn barrel basis to Seller.
- Cargo sails to Buyers destination.