We sell:

5 Vessels BLCO heading  to China ports: MT APOLLONIA (Dalian), MT-AMPHITRITE (Ningbo), MT-BASRA (Zhanjiang), MT-SCF SHANGHAI (Zhanjiang), MT-NEW MERIT (Zhanjiang),

4 Vessels BLCO heading to Rotterdam: MT-OLYMPIC LEOPARD, MT-TAMAGAWA, M-T MARAN POSEIDON & M-T TRIATHLON

PRICE CIF OR TTO CHINA: $9-$5, BUYER's SIDE FULLY OPEN, ACCOMMODATE YU ON SELLER'S SIDE IF BUYER REJECTS YOU.

IF BUYER TAKES MUCH QUANTITY CRUDE OIL, AFTER SPOT CONCLUSION, PRICE WOULD BE $10-$6; OR $10-$5 IF BUYER WISHS INCREASES FEES

IF BUYER PREFERS OTHER TERM THAN SBLC MT760, SELLER ACCEPTS AUSSI MT700 DLC OR BLOCK FUNDS MT799 BUT NO 2% P.BOND

IF BUYER PREFERS BOARDS BEFORE INSTRUMENT, HE HAS TO TAKE CARE OF LOGISTICS & NOR/ATB (USD 20.000)

BUYER CAN TAKE ONE OR MORE SPOTS

I.    Seller sign and seal this contract AND RETURN back to seller ELECTRONICALLY. The signed CONTRACT copy by both parties is considered legally binding and enforceable.

II.    BUYER SEND STORAGE FACILITY/NOR FORMAT, CLIENT INFORMATION SHEET, PASSPORT COPY AND CERTIFICATE OF BUSINESS REGISTRATION TO SELLER.

III.    BUYER SWIFT CONFIRMED BANK RWA TO SELLER (SEE ATTACHED FORMAT)

IV.    NNPC/Seller ISSUES COMPLETE CARGO DOCUMENTS AVAILABLE IN CHINA OR ON THE WAY TO CHINA.

V.    BUYER BANK ISSUES MT799 PRE-ADVICE TO THE NOMINATED FIDUCIARY ACCOUNT PROVIDED BY NNPC/SELLER.

VI.    FIDUCIARY BANK confirmeS THE PREADVICE AND EXPRESS THEIR READINESS TO RECEIVE THE NON OPERATIVE SBLC AND GIVE 2%PB

VII.    BUYER'S BANK THEN GIVES NON OPERATIVE , irrevocable, unconditional, divisible, transferable, cash back MT760/SBLC by SWIFT in favor of the seller, within 72 hrs, ACCORDING TO SELLERS BANK VERBIAGE

VIII.    SELLER'S FIDUCIARY BANK ON THE OTHER HANDSELLER GIVES BY SWIFT 2%PERFORMANCE BOND IN FAVOR OF BUYER TO ACTIVATE THE SBLC.

IX.    AFTER CONFIRMING THE INSTRUMENT AND BUYER CONFIRMS THE 2% PERFORMANCE BOND ,SELLER PAYS  FOR THE NOR/ATB TO BE ISSUED FROM VESSEL OR ISSUES SHIPMENT SCHEDULE FOR FIRST MONTH DELIVERY OF 2M BARRELS SHIPMENT.NEXT SHIPMENT SCHEDULE COMES BEFORE PAYMENT OF LAST DELIVErY

X.     NOTE THAT IF THE BUYER WANTS TO BOARD BEFORE ISSUING INSTRUMENT HE HAS TO TAKE CARE OF THE LOGISTICS AND NOR/ATB 

XI.    NNPC/SELLER ISSUES CONFIRMATION LETTER ON RECEIPT OF INSTRUMENT TO BUYER.

XII.    SELLER ENSURES that the CARGO is DOCUMENTED, REGISTERED AND OBTAIN CERTIFICATE OF OWNERSHIP/TITLE OF WARRANTY  

XIII.    Vessel sails to BUYER'S STORAGE LOCATION FOR DISCHARGE

XIV.    BUYER Conducts Inspection ON VESSEL UPON ARRIVAL and GET CIQ report.

XV.    Within 72 hours after discharge of crude oil at Buyer's port of destination/STORAGE, the Buyer pays for the crude oil as per the Final CIQ Report issued by independent inspector at the port of discharge.

Payments are made by MT103/SWIFT wire transfer directly to the seller's authorized beneficiary nominated bank accounts and commission agents as stipulated in the IMFPA in this contract within 72 hours after Product delivery to buyer's nominated port of discharge against presentation of stated shipping documents, CIQ reports, commercial invoice ETC (non-negotiable copies) at buyer's bank.

The partial POP= (Full set cargo documents, ATS, NNPC's nominated bank and tracking vessels). All they ask for other document no matter what is it, please save your valuable time.  

Only if End Buyer, signatory of SPA confirms firm acceptance to proceed as above, without change, please confirm along with preferred term to send SPA and partial POP, as mentioned, nothing else.