We hereby confirm with corporate authority that we are Ready, Willing and able to buy the following commodity as per the details given below: NO UPFRONT FEES, Procedure apply below. PURCHASE YOUR PROVEN: Nigerian NNPC Bonny Light Crude Oil. ICPO to follow INTERNATIONAL CHAMBER OF COMMERCE AS PER INCOTERMS 20001. TERMS: CONTRACT AS PER INCOTERM 2000 CIF,TTO, Show More...
We hereby confirm with corporate authority that we are Ready, Willing and able to buy the following commodity as per the details given below: NO UPFRONT FEES, Procedure apply below. PURCHASE YOUR PROVEN: Nigerian NNPC Bonny Light Crude Oil. ICPO to follow INTERNATIONAL CHAMBER OF COMMERCE AS PER INCOTERMS 20001. TERMS: CONTRACT AS PER INCOTERM 2000 CIF,TTO, TTT, FOB PROCEDURES ARE IN EFFECT.2. KIND OF PRODUCT: BONNY LIGHT CRUDE OIL STANDARD EXPORT QUALITY ORIGIN NIGERIA3. QUANTITY: 2,000,000 to 4,000,000 BBLS. + - 05% (FOUR MILLION BARRELS PLUS OR MINUS FIVE PERCENT) PER 12 (TWELVE) MONTHS OR SPOT SALE.4. DELIVERY:1. TTO NIGERIAN or TOGOLESE WATERS2. TTT NIGERIAN or TOGOLESE WATERS3. FOB ANY NIGERIAN CRUDE OIL TERMINAL4. CIF USA, EUROPE, ASIA5. COMMISSIONS: 3.00USD (THREE UNITED STATES DOLLARS) PAID ON NET OUT TURN BARREL BASIS. BUYERu2019S AND SELLERu2019S AGENT SPLIT 50 50.6. PAYMENT: BY IRREVOCABLE, DOCUMENTARY ON A LOAD BY LOAD BASIS. DLC WILL CONTAIN: VESSEL NAME, CAPTAINS NAME AND CALL LETTERS. PAYABLE ON QUALITY AND QUANTITY DISCHARGE REPORT 72 HOURS.AS PER INCOTERM 2000 CIF, TTO, TTT, or FOB DELIVERY AS PER INTERNATIONAL CHAMBER OF COMMERCE. (BOND MAY OR MAY NOT BE REQUIRED)
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