Crude Oil Board

The product offered by the Seller and accepted by the Buyer is Bonny Light Crude Oil that shall be lifted from seller equity agent’s share.
Shipment of 2 Million US barrels +/-05% with possible rolls and extension at both parties discretion.
The price for each Barrel of Bonny Light Crude Oil delivered out-turned barrels shall be Dated Brent” on the date of Bill of Lading as published by McGraw Hill market wire less discount of $11.00USD par barrel. $7.00 Net to buyer

1. Seller signs and seals the contract and dispatches to the Buyer in form of email.
2. Buyer countersigns the contract and dispatches a duplicate copy to the Seller in form of e-mail.
3. Buyer and Seller deposit same at their respective Banks.
4. Seller gives buyer loaded vessel documents for buyer’s confirmation not by SWIFT.
5. Buyer’s Bank writes to Seller’s bank demanding issuance of a 2% NON-OPERATIVE Performance Bond (PB) to buyer’s bank. Seller‘s Bank places the Performance Bond.
6. Buyer’s bank issues via SWIFT, an Irrevocable, Non-Transferable, Non-Divisible and Confirmed Standby Letter of Credit (SBLC), to Seller’s bank in favor of Seller.
7. After confirmation of SBLC, under 24 hours Seller issues Marine ATB to Buyer’s inspectors for Q & Q at Cotonou Green Waters / Togo Waters.
8. Re-assignment of cargo is done in buyer’s name.
9. Buyer releases full payment by SWIFT to Seller & intermediaries.
10. Vessel sails to buyer’s port of discharge.

E-MAIL: oruamtrade@yahoo.com.br
SKYPE: mauro.costa669

Mail me

aitalegbe@chillgroup.tk