We require to purchase urgently the following specs for Diesel to be shipped to Nigeria.1. Product: Diesel (AG)2. 3-5million MT month for 12months CIF3. We will buy at $420 MT4. Where is product coming from5. Must be NNPC Standard (attached document for standard)6. Seller should have corresponding bank in NigeriaNNPC IMPORT SPECIFICATION FOR CARGO COMPONENT Show More...
We require to purchase urgently the following specs for Diesel to be shipped to Nigeria.1. Product: Diesel (AG)2. 3-5million MT month for 12months CIF3. We will buy at $420 MT4. Where is product coming from5. Must be NNPC Standard (attached document for standard)6. Seller should have corresponding bank in NigeriaNNPC IMPORT SPECIFICATION FOR CARGO COMPONENT UNIT MIN MAX RESULT Density @20 degree C Kg m[o1] 0.870 Color 2.0 Flash point PMCC Degree C[o2] 66 Kinematic viscosity @20 degree C CST 3.0 6.0 Pour Point Degree C (*) -10.0 Cloud Point Degree C (*) -5.0 Mercaptan Sulr 0.01 Acidity, mg 1000cm[o3] 5 Iodine g 100g 6 Ash Wt 0.01 Total sulr Wt .02 .05 Copper Corrosion (3hrs@50 degree C) 1A CCR on 10%residues Wt 0.02 Cetane index 45 Distillation range 50% Recovered Volume Degree C 280 90% Recovered Volume Degree C 390 Bacteria MBC Fibre lt 500 Bacteria CFU Fibre lt 1000BASIC PROCEDURE 1. Seller and Buyer signs spot sale and purchase Agreement (SSPA) and deposit copies with their respective Bank2. The Selleru2019s Bank confirms to the Buyeru2019s Bank in writing that after the Buyer places his Irrevocable Bank Payment Undertaking (IBPU), the Seller will forward clean copies of the POP to the Buyer3. Buyeru2019s Bank places an Irrevocable Bank Payment Undertaking (IBPU) of total amount of the product to Selleru2019s bank in favor of Seller.4. We will also be demanding a 3% performance bond from your organization. As you will be having an affiliated Bank in Nigeria, our Bank will issue to your Nigeria affiliated Bank an irrevocable bank payment undertaking(IBPU). Note that you will be giving us a SPOT SALE AND PURCHASE AGREEMENT (SSPA) as this will be revolving contract for at least 12 calendar months. 5. Seller issues ATB to the Buyer his inspectors.6. Buyeru2019s inspectors conduct Q & Q on board selleru2019s vessel.7. Buyeru2019s bank pays to selleru2019s bank in favor of seller within 72 hours after Buyeru2019s inspectors have conducted Q & Q on board selleru2019s vessel PROOF OF PRODUCT THE SELLER WILL GIVE TO BUYER 1. SIGNED COMMERCIAL INVOICE, SHOWING B L QUANTITY IN METRIC TONS, B L DATE AND EVIDENCING FULL PRICE CALCULATION.2. 3 3 ORIGINAL CLEAN ON BOARD OCEAN MARINE BILLS OF LADING ISSUE OR ENDORSED TO THE ORDER OF ..(OPENING BANK) MARKED u2018FREIGHT PAYABLE AS PER CHARTED PARTYu2019 PLUS 3 NON NEGOTIABLE COPIES. EACH ORIGINAL TO BE ORIGINALLY SIGNED BY MASTER OR VESSELu2019S AGENTS. 3. CERTIFICATE OF QUALITY ISSUED AT LOADING INSTALLATION. CERTIFICATE OF QUANTITY ISSUED AT LOADING INSTALLATION. 4. CERTIFICATE OF ORIGIN 5. TIME SHEET AND OR STATEMENT OF FACTS. 6. ULLAGE REPORT 7. MASTERu2019S RECEIPT FOR DOCUMENTS. 8. MASTERu2019S RECEIPT FOR SAMPLES 9. TANKSu2019 CLEANRTIFICATE OR TANKSu2019 INSPECTION CERTIFICATE. 10. CARGO MANIFEST. 11. COPY OF CPA.
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