Crude oil (Blco) cif destination from ats holder

We need a serieus buyer for crude oil cif destination. we only work with a buyer who is rwa to follow the procedure and te get real product. please dont contact me for other procedure or loaded vessels etc etc. this is all not serieus request. remember NNPC make the rules not buyer or brokercompanys. .

BLCO CIF CHINA -8/6. ROTTERDAM -9/7

Sorry for the delay in responding....

However below is the current NNPC approved procedure...

NNPC Approved Procedure Discount -

1) Buyer issues intent purchase Blco + a very recent statement of account where instrument will be issued. (this is because of several none performance of Buyers as most don't have money yet they waste NNPC time signing contract etc)

2) Seller issues Spa with all bank co-ordinate filed up + template of CIS FORM( To be filled by account owner where financial instrument will be issued)

3) The Buyer return filled cis form + Signed SPA and NNPC issue official acknowledgement letter as well as account nomination and performance guarantee letter upon receipt of endorsed contract and cis.

4) Buyers account officer issue RWA in favor of NNPC fiduciary account.

5) Seller upon receipt of RWA from Buyer issues preliminary cargo documents and sent directly from NNPC domain email to the Buyer's email.

6) Buyer upon confirmation instruct their bank to issue one-of the following ;SBLC/DLC/MT799 in favor of fiduciary agent.

7) Seller upon confirmation of payment guarantee ie sblc or MT760 or MT799 or MT700 nnpc begins official reassignment of cargo documents and Title transfer is effected copies shared with Buyer via NNPC domain email.

8) Upon arrival of cargo to buyers Pod vessel sails to Buyers discharge port while ATB is issued in favour of Buyer inspector and supercargo for physical confirmation and calibration of product and favorable CIQ Report shared between Seller and Buyer, payment is made against result and product discharged to Buyers storage facility

9) Next delivery is scheduled...

It's important to note that the payment guarantee is for the value of the cargo only and not for all the money in the account of buyer validity is 90 days.

Permit me to include the following details which will be on the LOI...

Quantity needed

Proposed discount

Payment instrument preferred by you ( ie MT700 or MT799 or MT760 )

Name of instrument issuing bank

Buyers banks approved verbiage for financial instrument (if available)

Name of buyers discharge port

Expected time of delivery of cargo

Inserting the procedure outlined above in LOI will greatly help.

While I await further directive from you at your earliest convenience

Best regards

Ismael

The netherlands