BLCO OFFER
PRODUCT: BONNY LIGHT CRUDE OIL (BLCO) Export Grade
QUANTITY: 2 million Barrels minimum with possible rolls and extensions.
PRICE: Brent Minus $6.00 for the minimum quantity of 2,000,000 Barrels. For larger quantities, the Seller will offer a greater discount.
COMMISSION: $0.50 Per Barrel, Seller Side (closed) / US$ 0.50 Per Barrel, Buyer Side.
DELIVERY TERMS: DIP AND PAY - QINGDAO CHINA.
ORIGIN & SPECIFICATIONS OF PRODUCT: NIGERIAN ORIGIN / MEET EXPORT GRADE REQUIREMENTS AS PER THE BUYER REQUEST (SEE ANNEX FOR SPECIFICATIONS.)
NON-NEGOTIABLE & NON-AMENDABLE DIP TEST AND PAY PROCEDURE.
1. Buyer sends Letter of intent (LOI) to the Seller.
2. Seller sends Full Corporate Offer (FCO) to the Buyer.
3. Buyer sends ICPO.
4. Seller/Buyer sign and execute SPA and lodge with their respective Banks. Electronic copies are enforceable and legally binding.
5. Buyer Issues POF via MT799 Bank to Bank.
6. Seller Confirms Buyer's POF, provides PPOP to Buyer, Bank to Bank and commercial invoice, to enable Buyer issue Documentary Letter of Credit (DLC) for the Total Product.
7. Buyer Issues Confirmable, Irrevocable and Transferable Documentary Letter of Credit
(DLC via MT700.)
8. Seller confirms the instrument, sends FULL POP and DTA alongside all tank details (unlock tank details) to Buyer for inspection and injection. Seller makes all needed arrangements for Buyer's Inspectors to conduct Dip Test.
9. After the Dip Test, Seller processes all load title documents in Buyer's name and releases all load documents to Buyer.
10. Upon positive CIQ report, products are injected into Buyer's facility by the guarantee of DLC.
11. Upon injection, Seller issues Final Invoice (based on CIQ) to the Buyer. Buyer makes final payment via MT103 according to Invoice.
12. Operations are repeated.
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Please be informed that ,We UBAR GENERAL TRADING LLC Company based in Dubai -United Arab Emirates, we are ready to supply OMANI Crude oil heavy and light crude, spec.
Interested buyer submits LOI +BCL and Crude specs wanted ,
addressed to the undersigned in order to procced.
Please find below URGENT offer now available:
OMANI Heavy Crude oil available in government's Tank storage in China.
Total quantity 20.5 million BBLs as per the following :
** Specs. API 29.6 =quantity14 million BBLs.
** Specs. API 30.4=quantity =4.7 million BBLs.
** Light Crude oil = 1.2 million BBLs.
Price :Minus $3.00 net to buyer.
Commission :$0. 50
Divided as follows :
** 20 Cents for the buyer intermediaries.
** 20 Cents for the Seller's Intermediaries.
** 10 Cent for the facilitator.
** Buyer brings his tanker ship for injection.
** Interested buyers submit LOI and BCL addressed to :
BLCO On TTO (Already Loaded Vessels Heading) To China/ Rotterdam Waters With Bg/sblc Mt760 Of $20,000,000.00 Only For Two Million Barrels [2mbrls] Only. Price: $10/$6 Net. Commission: $4 ($2 Each Sides)
1. Buyer And Seller Sign And Seal The Sales Purchase Agreement (Spa), Proof Of Funds(Pof), Cis Of The Buyer/offtaker, Certificate Of Registration Return. Signed Documents Are Lodged In Their Banks. The Electronic Signed Copy Of Spa By Both Parties Is Considered Legally Binding And Enforceable And Must Not Be
Changed Without The Written Consent Of The Parties.
2. Within 48 Hours Of Signing The Contract, Buyers Top 100 Bank, After Exchange Of Bank Rwa/preadvice Communications Between Buyers Bank And Sellers Fiduciary Bank. Buyers Bank Issues An Operative, Irrevocable, Divisible, Transferable Mt760sblc/bg Of Usd $20,000,000.00(Twenty Million Dollars) For Two Million Barrels [2mbrls] Only Valid For 366 Days According To Seller's Verbiage On Last Page Of The Spa.
3. Seller's Bank Confirms Buyers Mt760sblc-bg Of Usd$20,000,000.00 (Twenty Million Dollars) For Two Million Barrels [2mbrls] Valid For 366 Days According To Seller's Verbiage On Last Page Of The Spa And Seller Sends The Shipping Documents (Pop) Programmed In Buyers Name To Buyers Bank.
4. Seller Authorizes Vessel Captain To Send Mnor/eta To Buyers Harbor Master Confirmable By Buyers Shipping Agency And Moves Cargo To Buyers Pod In China For Ciq.
5. Vessel Announce Arrival At Buyers Destination Pod And Boards Buyers Inspectors And Supercargo For Q&q/ciq At Agreed Location Inside Buyers Port. Upon Successful Conclusion Of Q/q Analysis, Inspectors Release Report To Both Parties While Seller Issue Commercial Invoice To The Buyer With Exact Q/q Report Figures.
6. Buyer Releases Full Payment For Cargo To Seller's Nominated Bank Within 48 Hours After Inspection Against Q/q Report, Commercial Invoice And Cargo Documents By Mt-103 (Cash Wire).
7. Seller Confirms Payment & Authorize Captain To Discharge Cargo Into Buyes Storage Tank. Buyer Pays Commission To All Agents Involved In The Transaction Per The Contract.
8. Seller Commence Subsequent Shipments On Simple Dip/ci/pay Basis.
Note: These Blco Procedures Are Primarily Targeted At Serious Buyers Only. It Is Also Aimed At Fishing Out Unserious Buyers. Please Note That Seller Will Not Issue Any Spa For Blco To Any Buyer Until Such A Buyer First Issues Loi/icpo To The Seller. Seller Does Not Have Time For Plastic Buyers, Endemic Time Wasters, Spa Pigeons And Spa Eaters In The Energy Business. Mandates And Facilitators Are Hereby Duly Informed.
COMMODITY:WTS CRUDE OIL API 24.0
ORIGIN: HOUSTON, TEXAS
QUANTITY:1 MILLION SPOT PURCHASE WITH 2 MILLION BARRELS PER MONTH CONTRACT
FOB:HOUSTON, TEXAS
PRICE:WTI PLATTS - 1
COMMISSIONS: COMMISSION $.50 INCLUDED IN THE - 1 PRICE SPLIT $.25 BUY SIDE / $.25 SELL SIDE PAYMENT TERMS:BY SWIFT MT 103VIA BANK OF AMERICA IOLTA
INSPECTION: Q&Q, INTERTEK OR SGS AT BUYERS OWN EXPENSE
FOB SPOT PROCEDURES: 1. Seller issues a commercial invoice (CI) to Buyer to sign and return.
2. Seller issues report for lifetable quality buyer signs and returns to seller.
3. Within 8 hours after receiving the CI buyer pays via MT103/TT transfer 5% of the funds to cover 1,000,000 barrels quantity ready in tank for injection.
4. Seller issues full Injection report for lifetable quantity tank farm and tank number Houston, Texas.
5. Buyer nominates logistics / vessel Q88 to inject the product.
6. Buyer has 3-5 days to lift quantity at sellers storage tank. If Buyer does not remove Crude Oil in a lot time. Buyer will be responsible for tank storage fees incurred and will be deducted for the 5% deposit.
7. Seller injects fuel into buyers vessel buyer pays balance of funds to cover quantity loaded.
8. Seller issues SPA for signature and buyer agree to future lifts.
The price to be paid shall be based on the loaded quantity of crude oil for each shipment based on standard barrels and under dated Brentâ??s, as in the Plattâ??s oil gram report (on the day of Bill of lading for CIF or on the day of QnQ for FOB) as published by McGraw Hill market .
The Discount to the Buyer shall be: Gross: $10 to $12 (Depending on if FOB or CIF deal)
Oasis cg fz llc partners have access to major gas and oil producers and sellers and hold signature authority to engage in major energy transactions. We market nioc heavy crude, somo crude, mazut 100, d2, jp54, bonny light, basra light. Please contact us for processes, pricing and specifications.
