BLCO ( BONNY LIGHT CRUDE OIL)- LOOKING FOR A RELIABLE BUYER / BUYER MANDATE

Dear All,

I am willing to partner with a reliable buyer mandate or work directly with a buyer of BLCO ( Bonny Light crude Oil). I presently have a reliable seller who can deliver BLCO via TTO,TTT or CIF.

Please review the procedures below and send me a mail
chineduanozia@gmail.com
chinedu_anozia@yahoo.com

TTO PROCEDURE: (1)
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 loads cargo and provides buyer with full cargo documents for verification. Seller collates all the relevant vessel documents as evidence of the loaded vessel/s and submits to the buyer for confirmation; buyer confirms the loaded vessel through the master of the vessel and the commercial operators of the loaded vessel.
4. Seller through the loaders in the terminals instruct the loaded vessel master to issue Authority to board the loaded vessel/s to the buyers appointed Agent according to their ATB format for Buyer’s confirmation of the loaded product and the Buyer’s appointed independent inspectors confirms the cargo physically onboard the loaded vessel.
5. The seller shall discount the cost of the security and other logistics from the bulk B/G or L/C from the Buyer’s Bank after the Q&Q and verification SGS report so as to settle the security operatives guiding the loaded vessel/s without any delay or excuses while the buyer’s
6.Appointed super cargo master remains onboard the loaded vessels until final take over by the buyer. The Buyer processes the tanker take over with the commercial handlers and the master of the vessel and take over the vessel on charter.
7. The seller through his Banker’s release the whole copies of the cargo documents to the buyer, the buyer’s placed B/G or L/C is transformed to cash.
8. The buyer/buyer’s bank by Swift wire pays cash to seller and all the intermediaries as stated and agreed in this purchase Agreement and the original cargo documents is handed over to the buyer through his bankers that paid for the product and his vessel sails to his own choice of discharge port as he agreed with the master of the vessel and the commercial handlers.
9. The seller and the Buyer each shall be responsible for their banking charges relating this contract agreement

CIF PROCEDURE: (1)
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 with 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 and vessel discharges cargo at Destination Port.

8. Payments are made by SWIFT wire transfer directly to the Seller's and Intermediaries nominated bank accounts intermediaries as stated and agreed in this Sales Purchase Agreement within two (2) days after delivery of Crude Oil at Buyer's Discharge Port against presentation and confirmation of stated relevant shipping documents
9. The Seller and the Buyer shall each be responsible for their banking charges relating this contract agreement.

Thanks