We are Mandate for Bonny Light Crude OIL

4. NOMINATION SHIPMENT & BANKING PROCEDURE: CIF, ASWP: 4.1. After received Buyer´s Letter Intention (LOI) and Buyer´s Company Profile, Seller issue Full Corporative Offer (FCO) addressed to Refinery or End Buyer´s Company. 4.2. Buyer issues Irrevocable Corporate Purchase Order (ICPO) including Banking Details, digitalized copy of Buyer´s Legal Representative. Buyer send to Seller ICPO jointly with FCO and ICC Warning Letter, duly signed and stamped. 4.3. Seller prepare and send for Buyer review a draft of Sale and Purchase Agreement (SPA). Buyer and seller agree and mutually sign and stamp SPA which send to both Banks. 4.4. Within three (3) banking days after signed and accepted SPA, both parties exchange the information and documentation following: 4.4.1. From Seller to Buyer: 4.4.1.1.Copy of Certificate of Origin (Product) 4.4.1.2.Copy of Q&Q issued by SGS at the Product loading Date. 4.4.1.3.Copy of B/L Now-Negotiable. 4.4.1.4. Authority to Sell Cargo On Board. 4.4.1.5.Copy Charter Party Agreement (CPA). 4.4.1.6.Copy of Vessel`s Details (Form Q-88) 4.4.2. From Buyer to Seller: 4.4.2.1. Proof of Funds. 4.4.2.2.Buyer's Tank Farm Storage Facility details and coordinates. 4.4.2.3. Tank Storage Agreement (TSA) 4.4.2.4. Full details and of Maritime Oil Terminal. 4.4.2.5. Full details and Unloading Operator`s company. 4.4.2.6. Full details and Buyer`s Port Agents at Unloading Port. 4.5. Upon concluding of due diligence, Buyer send to Seller the Commitment Letter to Receive the Product and Seller send to Buyer Commitment Letter to Supply the Product. 4.6. At least, Seventy-Two (72) hours before vessel´s arrive to Discharge Port, Buyer will provide to Seller full details and instructions related with operating plain, from vessel´s arrived until to unloading process, including instruction for Quality and Quantity Test (Q&Q). All costs related to unloading operation and product`s Q&Q test, shall be in Buyer`s account. 4.7. Upon concluding Quality and Quantity Test (Q&Q) Seller issued Commercial Invoice (CI) based on Test`s resulting and Buyer shall release the one hundred percent (100%) of payment via SWIFT MT103 / TT to Seller`s banking account, within three (3) banking days following.