Crude Oil Board

Do you purchase BLCO ( Bonny Light Crude Oil) or know buyers who may be interested in purchasing ?

We source BLCO (Bonny Light Crude Oil) for our clients and we are willing to work with your company as your agents .

Please review options for CIF DELIVERY procedures below. FOB, TTO , TTT Delivery can be done also.

Price – FOB ($8 / $5), TTT/ TTO ($9 / $6) , CIF EUROPE / MIDDLE EAST ( $6/ $4), CIF US ( $5 / $3), CIF CHINA ($4 / $2)

OPTION A - NON OPERATIVE LC PROCEDURES ( MT 760) FOR CIF

1. Seller and Buyer execute this Agreement by facsimile transmission and hard copies shall be sent after the transaction has been established in both banks with the electronic copies. Facsimile
transmissions shall be deemed as originals, bearing the same force and function. Buyer and seller will lodge the Agreement with their respective banks.

2. Buyer issues a Non-Operative Transferable, Divisible and Confirmed LC to seller's bank via swift to seller’s bank in favour of seller.

3. Seller shall issues, within five (5) banking days after receipt of the Non-Operative LC from buyer, via Bank-to-Bank SWIFT communications procedure, an irrevocable and confirmed performance Bank Guarantee of two percent (2%) value of buyer’s letter of credit, in favour of the Buyer’s Bank which automatically activates the buyer’s Non-Operative LC to be Operative.

4. Buyer places a payment order (LC) to all Agents and Brokers.

5. Seller issues information on laycan to buyer.

6. Seller shall provide the Buyer the confirmed charter party agreement for the vessel and notification of estimated time of arrival (ETA) to the buyer’s Designated Discharge Port. Loading takes place as per laycan date. Shipping documents formalities completed

7. Vessel sails.

8. Vessel discharges cargo at Destination Port.

9. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries nominated Bank Accounts, within two (2) days after delivery of Crude Oil at Buyer's=2 0Discharge Port against presentation and confirmation of stated shipping document

9. Buyer pays commissions due to the facilitators and brokers at the same time and by the same method as for the invoice paid to the seller as noted in the master Fee Protection Agreement attached.

OPTION B - POF PROCEDURE ( MT 799) FOR CIF
1.Seller and Buyer sign, seal sales/purchase Agreement with full Banking details including their brokers Banking details both parties forward a copy of this signed SPA contract to their respective Banks.
2. Buyer’s Bank shall issue to seller’s bank, via Swift a Confirmed Irrevocable and Transferable MT799 as per the Verbiage Approved by the sellers Bank/Fiduciary.
3. Sellers Bank upon Receipt and Confirmation of Buyers Swift MT799 Post in favor of the buyer a Non-Operative 2%PB via SBLC or BG Verbiage to be activated by the Buyers Bank Guarantee (BG) Or Standby Letter of Credit (SBLC).
4. Buyers Bank upon Receipt and Confirmation of the Sellers 2%pb Opens via Swift MT760, a Full Blown Irrevocable, Transferable, Assignable and Divisible Bank Guarantee (BG) Or Standby Letter of Credit (SBLC) in favor of the Seller to Activate Sellers 2%PB. The Sellers 2%PB and Buyers BG or SBLC, Both becomes Operative Instrument. Buyers Bank shall Equally Issue a Bank pay-order to all the intermediaries as stated in this Contract SPA.
5. Seller issues information on laycan to buyer.
6. Seller shall provide the Buyer the confirmed charter party agreement for the vessel and notification of estimated time of arrival (ETA) to the buyer’s Designated Discharge Port. Loading takes place as per laycan date. Shipping documents formalities completed
7. Vessel sails.
8. Vessel discharges cargo at Destination Port.
9. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries nominated Bank Accounts, within two (2) days after delivery of Crude Oil at Buyer's=2 0Discharge Port against presentation and confirmation of stated shipping document
10. Buyer pays commissions due to the facilitators and brokers at the same time and by the same method as for the invoice paid to the seller as noted in the master Fee Protection Agreement attached.

Expecting your response

chinedu

Mobile - 234-7034081298, 234-8023210281
chineduanozia@gmail.com
chinedu_anozia@yahoo.com