Dear Sirs,
We, J.D. Venture Trading Company are direct to NNPC of Nigeria, supply BLCO from NNPC.
Discount: Gross - $14.00, Net to buyer - $10.00 Commission $4.00 distributed as: $2.00 seller side per barrel, $2.00 buyer side per barrel,
Procedure
Bulk Allocation Reassignment For BLCO (Quantity) Barrels
1. Seller/NNPC sends LOI verbiage, list of required document, transaction procedure, CIS, POP and discount to buyer.
2. Buyer returns signed LOI with names of buyer’s team for invitation to NNPC Towers Abuja together with accepted seller/NNPC transaction procedure and discount to seller/NNPC.
3. Seller/NNPC sends a pre-signed SPA with PFI number (ASPOP) and NCND/IMFPA to buyer.
4. Buyer signs and seals contract and returns copy of the signed and sealed SPA and NCNDA/IMFPA to seller/NNPC electronically attaching POF, ATV, company profile, properly filled out client information sheet and data page of buyer’s passport with two others one of whom shell be the representative of the facilitators , company registration certificate, mandate letter (if any). The electronically transmitted copy by both parties is considered original legally binding and enforceable.
5. NNPC officially invites buyer and his team/buyers authorize representatives as above indicated to visit NNPC Towers Abuja-Nigeria for product verification and confirmation and copies Nigerian embassy at buyer’s country of residence.
6. Upon arrival on appointed date, buyer further confirms the allocation details at NNPC Towers Abuja. An existing copy of allocation will be provided for buyer’s verification and subsequent reassignment in buyer’s name.
7. After the allocation confirmation by the buyer and upon satisfactory confirmation of buyer’s profile, POF and other documents by seller/NNPC, NNPC shall immediately issue instruction for buyer place MT799 block fund/any other acceptable instrument for the quantity of product ordered and MT103 TT to pay fully for the quantity and for all commissions to agents, facilitators and intermediaries.
8. Buyer’s bank then issue MT799 block fund or by MT760 swift to seller exactly as per seller’s format to enable the NNPC provide lifting schedule and Laycan for loading.
9. NNPC/fiduciary bank confirms buyer’s bank instrument and NNPC then processes the ordered quantity of allocation and send soft copy to buyer’s bank for confirmation.
10. Buyer’s confirms soft copy of allocation and places MT103 payment instrument for total cargo in favour of seller/NNPC fiduciary bank and for commissions for brokers.
11. Seller/NNPC reassigns/transfers allocation in buyer’s name according to the volume of funds blocked.
12. NNPC issues proformer invoice/payment schedule to seller in favour buyer. Seller delivers/transfers the hard copies of all documents to buyer’s bank for confirmation.
13. Upon confirmation by buyer’s bank, buyer pays direct to the NNPC/seller, 100% for the quantity of BLCO product ordered including commission to all facilitators, agents intermediaries as per the payment schedule. Seller and buyer must ensure the all agent, facilitators and intermediaries commission are simultaneous SLY payed.
14. Monthly lifting/delivery quantity schedule is outlined according to buyer’s booked capacity with payment by MT103 wire transfer on out-turned quantity delivered as per contract terms.
If your esteem company are interested in this offer, please feel free to write to us for detail.
Sincerely, Jack Chin
J.D. Venture Trading Company
Dear Sirs,
We, J.D. Venture Trading Company are direct to NNPC of Nigeria, supply BLCO from NNPC.
Discount: Gross - $14.00, Net to buyer - $10.00 Commission $4.00 distributed as: $2.00 seller side per barrel, $2.00 buyer side per barrel,
Procedure
Bulk Allocation Reassignment For BLCO (Quantity) Barrels
1. Seller/NNPC sends LOI verbiage, list of required document, transaction procedure, CIS, POP and discount to buyer.
2. Buyer returns signed LOI with names of buyer’s team for invitation to NNPC Towers Abuja together with accepted seller/NNPC transaction procedure and discount to seller/NNPC.
3. Seller/NNPC sends a pre-signed SPA with PFI number (ASPOP) and NCND/IMFPA to buyer.
4. Buyer signs and seals contract and returns copy of the signed and sealed SPA and NCNDA/IMFPA to seller/NNPC electronically attaching POF, ATV, company profile, properly filled out client information sheet and data page of buyer’s passport with two others one of whom shell be the representative of the facilitators , company registration certificate, mandate letter (if any). The electronically transmitted copy by both parties is considered original legally binding and enforceable.
5. NNPC officially invites buyer and his team/buyers authorize representatives as above indicated to visit NNPC Towers Abuja-Nigeria for product verification and confirmation and copies Nigerian embassy at buyer’s country of residence.
6. Upon arrival on appointed date, buyer further confirms the allocation details at NNPC Towers Abuja. An existing copy of allocation will be provided for buyer’s verification and subsequent reassignment in buyer’s name.
7. After the allocation confirmation by the buyer and upon satisfactory confirmation of buyer’s profile, POF and other documents by seller/NNPC, NNPC shall immediately issue instruction for buyer place MT799 block fund/any other acceptable instrument for the quantity of product ordered and MT103 TT to pay fully for the quantity and for all commissions to agents, facilitators and intermediaries.
8. Buyer’s bank then issue MT799 block fund or by MT760 swift to seller exactly as per seller’s format to enable the NNPC provide lifting schedule and Laycan for loading.
9. NNPC/fiduciary bank confirms buyer’s bank instrument and NNPC then processes the ordered quantity of allocation and send soft copy to buyer’s bank for confirmation.
10. Buyer’s confirms soft copy of allocation and places MT103 payment instrument for total cargo in favour of seller/NNPC fiduciary bank and for commissions for brokers.
11. Seller/NNPC reassigns/transfers allocation in buyer’s name according to the volume of funds blocked.
12. NNPC issues proformer invoice/payment schedule to seller in favour buyer. Seller delivers/transfers the hard copies of all documents to buyer’s bank for confirmation.
13. Upon confirmation by buyer’s bank, buyer pays direct to the NNPC/seller, 100% for the quantity of BLCO product ordered including commission to all facilitators, agents intermediaries as per the payment schedule. Seller and buyer must ensure the all agent, facilitators and intermediaries commission are simultaneous SLY payed.
14. Monthly lifting/delivery quantity schedule is outlined according to buyer’s booked capacity with payment by MT103 wire transfer on out-turned quantity delivered as per contract terms.
If your esteem company are interested in this offer, please feel free to write to us for detail.
Sincerely, Jack Chin
J.D. Venture Trading Company
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