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Looking for BLCO Buyer and Importer from Nigeria - Buying Lead

16 Feb, 2025

Looking for BLCO

PROCEDURE CIF [CHINA] FOR BLCO DELIVERYQty: 2 million barrels 1. SELLER shall issue the Sales Purchase Agreement (SPA). SPA is Reviewed, Completed, Signed by Buyer and returned with:- ATB NOR ETA Formats- Buyer's Full CIS.- Buyer's certificate of incorporation- Buyer's international Pa Show More...

PROCEDURE CIF [CHINA] FOR BLCO DELIVERYQty: 2 million barrels 1. SELLER shall issue the Sales Purchase Agreement (SPA). SPA is Reviewed, Completed, Signed by Buyer and returned with:- ATB NOR ETA Formats- Buyer's Full CIS.- Buyer's certificate of incorporation- Buyer's international Passport.- Buyer's full details of the Receiving Port of Discharge (POD) to include full details of harbour master, shipping agency, Inspection Company, Winter Summer Draught, discharge port OCIMF requirements and all necessary documents. Seller NNPC issues: - Contract Confirmation Acknowledgement.- Commitment to Supply Letter.- Account Nomination Letter 2. The seller informs the captain to establish with the shipping agency designated by the buyer through teleand and send below POP documents and documents required for port entry to the shipping agency to verify DOCUMENTS LIST:A. ATS B. Documentation Receipt C. Ullage Report D. Receipt for samples E. Certificate of Authenticity F. Certificate Of quality G. Bill Of LadingH. Certificate Of Origin I. Cargo manifest J. Certificate Of quantity. K. Seller Shipping company details in China. L. Vessel's Q88M. Shipping agency's information. 3. After the buyer's shipping agent confirms the seller's ship information, arrival time, shipping documents and other related documents, the ship master issues a letter of Ship's power of attorney to the Seller's shipping agency 4. Buyer issues a confirmable Documentary Letter of Credit (DLC) of $20million in favor of seller's nominated faccount. - Seller's nominated Bank verifies the DLC 5. Buyer shipping agent shall instruct the captain to immediately sail the vessel to Buyer Destination Ports with updated ETA accordingly to the buyer port for discharge of cargo into to buyer storage. 8. After total discharge of cargo into Buyer’s tanks, buyer pays the 20% of the cargo value to the seller. 9. Buyer’s team shall perform QNQ analysis at the tanks. Inspectors release report to both parties while seller issues commercial invoice with 80% of the cargo Value to the buyer with exact Q&Q report figures. 10. Within 72 hrs after CIQ, buyer’s bank releases balance payment of CARGO via MT103 TT and commissions shall be pamultaneously to all Mandates and Agents.

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