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Market at TradeHolding.com - Bonny Light Crude Oil, Product by IneGroupLLC
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Product Details

Bonny Light Crude Oil

IneGroupLLC
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Product Description:
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NNPC Export grade Bonny light crude oil and NNPC Export grade for CIF, TTO. Below is our
cif procedure:
CIF PROCEDURES:

I. Seller’s issue Contract with Full Banking Coordinates

II. Buyer/Seller Signs and Seal this Contract and exchange the signed
copy by electronic mail. The electronic signed copy by both Parties is
considered legally binding and enforceable.



III. Buyer Issues ICPO & Provide proof of funds

IV. Within (3) Banking days Seller instructs his banks to issue to the
Buyer’s $100.000 performance Bond
V. Within three (3) Banking days, Buyer’s bank will communicate
readiness to issue irrevocable transferable confirmed letter of credit
(L/C) to Seller’s bank and immediately demand for Seller’s bank to
issue non-operative 2% performance bond.

VI. Within (3) banking days on receipt of the readiness to issue L/C
by Buyer, seller’s bank will issue non-operative 2% performance bond
to be activated by the buyer’s Letter of Credit. (As per annex B).

VII. Within (3) Banking days Buyer instructs his bank to issue to the
seller’s nominated bank irrevocable transferable confirmed Letter of
credit (L/C), for each shipment (2 million barrels +/-) including
registration, re-assignment and programming fee. The L/C will activate
the Seller’s 2% performance bond.

a. - Seller during (3) banking days shall Nominates a Vessel and Gives
to the Buyer: Ship Name, Call Letters, Captain’s Name and a Copy of
the Aspatankvoy Sub-Charter Party, the cargo will be officially
registered & programmed to reflect on shell network screen London,
Lloyd’s verification of the cargo and shall appoint their local age
Other Details:

Offered by: IneGroupLLC (View Showroom, Create your own Showroom)
Place of Origin: Nigeria (More Products from Nigeria)
Stock Location: Nigeria
Quantity: 2000000 barrels
Packaging: tanker
Price: on request
Product Seller Classification: Chemicals - Petroleum Products: Crude Oil
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