Albert Energy Logistics

BLCO CIF NNPC / FINANCIER LIFTING PROCEDURE. I. Buyer and Seller sign and seal this Contract including banking coordinates and exchange the signed copy by electronic mail. The electronic signed copy by both Parties is considered legally binding and enforceable. II. Buyer’s bank sends Proof of Funds (POF) on bank-to-bank swift MT799/SBLC/BG/MT760 to seller bank Confirmation of buyer’s blocked funds for the actual transaction revolving to the expire day of the contract. III. Seller, ie NNPC, upon the financier bank confirm to him the block fund under 72hours seller bank post 2%Pb to buyer bank and within (14) banking days issues the confirmable POP and PROVISIONAL LIFTING RIGHT and NOMINATED VESSEL details in Buyer’s name for one way voyage charter or full charter to Buyer’s port of dis-charge. IV. Within sixteen (16) banking days of III above, Seller furnishes Buyer with CPA & Q88 and the following documents are provided to Buyer and/or Buyer’s bank: *1 Clean – Show more on – Board Ocean Bill of Lading *2 Certificate of Quantity (SGS or equivalent) *3 Certificate of Analyses (optional) *4 Certificate of Origin *5 Certificate of Quality *6 Seller’s Commercial Invoice *7 Vessel Ullage Report {optional} *8 Receipt of Samples (optional) *9 Cargo Manifest V. After the vessel has discharged its cargo at Buyer’s designated port outlined above and Buyer has received the Port Discharge Q & Q Report from SGS Inspectors, including all relevant documents presented by the Seller after the time of cargo delivery as required by the LC, Buyer must make payment by SWIFT Wire Transfer to Seller’s Bank Account for this transaction and to all Payees named herein. VI. Payments are made by Swift Wire Transfer directly to the Seller’s bank accounts and all parties as stipulated in this agreement within three (3) international banking days after product delivery and discharge at Buyer’s nominated port of discharge against presentation of stated shipping documents (non-negotiable copies) at Buyer’s Bank. VII. The signatures on this contract by the Buyer and by Seller mean both parties accept all the contents as for Quantity, Price and Procedures ========================================== FOB BLCO . PROCEDURE FOR FOB 1. Seller shall issue Sales & Purchase Agreement with Seller's Full Banking Co-ordinates 2. The Buyer and the Seller sign and seal contract and the electronic copy signed and exchanged are considered original and acceptable and returned with a valid vessel details,ATL,CPA,INVOICE,Q88. 3. Buyer returns signed SPA with a s proof of fund via SBLC/ MT760/operative bank Guarantee in favour of seller/NNPC/Supplier for the total cargo then seller bear the cost of {security and clearance fees, setup & programming fees and terminal logistics fees] 4. Upon confirmation of buyers CPA, Vessel documents and payment instrument seller send NOR and clearance to Buyer vessel. 5. Seller provides buyer transcript of the procured lay can/window and provisional lifting right/allocation by NNPC for 2,000,000 barrels of BLCO to be reassigned in Buyers name.[Buyer s verification POP is limited to bonny ocean terminal data base] 6. Buyer’s vessel is called in for loading and loading to takes place with buyers supercargo and nominated inspector on board to verify product and Simultaneously with the quality and quantity analysis. (NB: Q/Q is at buyer’s expense) 7. Buyers issues MT103/23 to pay for the loaded cargo within 24hrs after Q and Q result at the port of loading before the vessel sails to port of discharge. 8. Seller confirms payment and releases the original documents to the Buyer/Buyer’s BANK. ============================================= SPECIAL TTT PROCEDURE NOT NEGOTIABLE FOR BLCO 1. BUYER AND SELLER SIGNS CONTRACT DOCUMENT AND DEPOSIT SAME IN THEIR RESPECTIVE BANKS WHICH BINDS BOTH PARTIES AS FAR AS THIS TRANSACTION IS CONCERNED, 2. BUYER RETURNED SIGNED SPA WITH HIS NOR/ATB FORMAT AND VALID VESSEL DETAIL. WHICH MUST INCLUDE VALID VESSEL Q88, ATL ADDRESSED TO SELLER, CPA, INVOICE OF VESSEL SHOWING PROOF OF CHARTER. 3. SELLER CONFIRMS VESSEL DETAILS AND ISSUE NOR TO VESSEL FROM SHELL PETROLEUM DEVELOPMENT COMPANY OR NNPC VESSEL. 4. UPON CONFIRMATION OF MARINE NOR FROM SHELL/CHEVRON VESSEL TO BUYERS VESSEL, BUYER RAISED A BANK GUARANTEE IN FAVOUR OF THE SELLER. 5. SHELL VESSEL TRANS-SHIP THE PRODUCT UPON RECEIPT AND CONFIRMATION OF INSTRUMENT FROM BUYER S BANK. 6. AFTER SUCCESSFUL TRANSHIPMENT AND Q&Q , BUYER MAKES PAYMENT FOR THE CARGO VIA MT 103 AND SWIFT ALL OTHER PAYMENTS TO AGENTS AND FACILITATORS. 7. SELLER AND OTHER FACILITATORS VERIFY PAYMENT AND VESSEL SAILS TO BUYERS PORT OF DISCHARGE. BLCO PROCEDURE FOR TT0 1. Seller shall issue Sales & Purchase Agreement with Seller's Full Banking Co-ordinates 2. The Buyer and the Seller sign and seal contract and the electronic copy signed and exchanged are considered original and acceptable. 3. Buyer issues a BANK GUARANTEE WITHOUT CLAUSE of SEVENTY MILLION NARIA (N70,000,000) TO SELLERS BANK. 4. Seller instructs his Captain to issue a Marine Authority to Board (ATB) and Clearance for Buyer’s Inspectors and Supercargo. 5. Buyer’s inspectors conduct Q and Q in Nigeria/International Waters and sends report to Buyer. 6. Buyers issues MT103/23 to pay for the loaded cargo. 7. Seller links Buyer to the owner of vessel for successful take over. After successful take over, Seller releases to buyer, copies of the full particulars of cargo documents re-assigned in Buyer’s name 8. Seller confirms payment and releases the original documents to the Buyer/Buyer’s Captain. 9. Vessel sails to Buyer’s destination port. PRICES ARE AVAILABLE AT REQUEST FOR AGO TERMINAL LOADING & LPFO TTT ONE MILLION BARRELS BLCO TERMINAL LOADING WITHOUT BANK GUARANTEE. DIRECT PAYMENT AFTER LOADING. MR.ALBERT CEO ALBERT ENERGY LOGISTICS TEL+23481387350 EMAIL:albertenergylogistics@gmail.com